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The Latest Breaking News from Iran

Crude Oil Prices Supported as Strait of Hormuz Remains Closed

July WTI crude oil (CLN26 ) today is up +0.37 (+0.42%), and July RBOB gasoline (RBN26 ) is up +0.0168 (+0.55%). Crude oil and gasoline prices recovered from early losses and moved higher today after US forces struck Iranian military targets for the second time this week and Kuwait said...

Barchart

Bigger proportion of non-Iran ships crossing Hormuz strait: Data

The proportion of vessels not linked to Iranian ownership that are transiting the key Strait of Hormuz has risen, according to data from maritime firm Lloyd's List Intelligence shared Thursday. Adding to the uncertainty, Iranian forces have fired at four ships attempting to cross the Strait of Hormuz without authorisation,…

The Economic Times

Bandar Abbas under attack again? Why the world fears every strike near Bandar Abbas as the renewed Strait of Hormuz crisis deepens the global oil shock

The US has struck Bandar Abbas again. For the second time in less than a week, American forces targeted Iran's most critical southern port city. Bandar Abbas sits on Iran's southern coast, positioned at the northern entrance of the Strait of Hormuz. The strait's narrowest point lies roughly 60 to…

The Economic Times

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FTSE 100 slumps as US strikes test peace optimism

The FTSE 100 closed down 79.05 points, or 0.8%, at 10,425.96.

Evening Standard

US inflation rose at fastest pace in three years in April as Iran war hikes up prices

Americans are growing frustrated with Trump’s handling of the economy as cost of living soars ahead of midterms

The Guardian - US

Gulf of suspicion: US and Iran said to be nearing deal even as missiles fly

Amidst escalating tensions and attacks in the Strait of Hormuz, the US and Iran are reportedly nearing a diplomatic breakthrough. A draft Memorandum of Understanding could extend a fragile ceasefire, opening a 60-day window for talks on Iran's nuclear program in exchange for economic relief.

The Times of India

Stocks Rebound Amid News of a US-Iran Deal

The S&P 500 Index ($SPX ) (SPY ) today is up +0.44%, the Dow Jones Industrial Average ($DOWI ) (DIA ) is up +0.01%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) is up +0.62%. June E-mini S&P futures (ESM26 ) are up +0.33%, and June E-mini Nasdaq futures...

Barchart

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US issues new warning to Oman after Trump threatened to ‘blow up’ ally

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The Independent UK

Reconnected? Iranians say only 'drip-feed' internet has returned after three-month shutdown

After almost three months of being cut off from the world, internet access was partially restored in Iran starting on Tuesday. While some rejoice at finally being reconnected and able to check in on their loved ones, many complain about the persistent slowness in connectivity and doubt a complete restoration…

France 24

Wall Street pushes to more records as profits keep piling up for US companies

U.S. stocks are pushing to more records as companies like Dollar Tree, Snowflake and Hormel Foods keep piling up profits

AAP

Did Donald Trump Fail His Cognitive Test? POTUS Confuses Venezuela With Iran In Shocking Gaffe

Donald Trump confused Venezuela with Iran during a live Cabinet meeting just hours after boasting that his latest cognitive test at Walter Reed had gone 'perfectly'.

International Business Times UK

US and Iran ‘reach agreement on memo to end war’ but it still needs Trump’s approval

IN FULL

The Independent UK

The Strait of Hormuz: The supply chain loop that broke the world

It took only five days after the attack on Iran by the United States and Israel in late February for Iran to close the Strait of Hormuz, one of the world’s most vital energy and maritime chokepoints.

The Conversation

Wall Street advances as US and Iran eye truce extension

US stocks have closed higher as investors digested inflation data and monitored developments in Iran.

AAP

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International Business Times

CEO Confidence Falls Into Negative Territory As Iran War, Economic Risks Pressure Global Business

The CEO Confidence Measure compiled by The Conference Board in collaboration with The Business Council dropped to 47 in the second quarter from 59 in the first quarter.

The Conversation

Trump’s call to expand Abraham accords is destined to fail

As negotiations to end the Iran war continued on May 25, Donald Trump made a series of phone calls in which he pressed key leaders from the Middle East to join the Abraham accords. Announced in 2020, these accords established diplomatic relations between Israel and several Arab states, beginning with…

AAP

Wall Street hangs near its records as profits keep piling up for US companies and oil prices swing

U.S. stocks are hanging near their records as companies like Dollar Tree, Snowflake and Hormel Foods keep piling up profits

The Guardian - UK

Donald Trump shares draft Iran peace agreement with Israel and other allies

US president’s move comes as both sides try to prevent fresh ceasefire breaches scuppering a potential deal

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International Business Times

U.S. And Iran Reportedly Reach Deal On Memorandum Of Understanding But Still Needs Trump's Approval

The U.S. and Iran reached an agreement on a memorandum of understanding to extend the ceasefire and begin negotiations on Tehran's nuclear program, according to a new report.

The Economic Times

West Asia War: US-Iran draft 60 day-truce extension, all eyes on Trump nod, says US official; Tehran denies claims

A fragile ceasefire between the United States and Iran is reportedly extended for 60 days. Formal talks on Tehran's nuclear program are set to begin. The proposed deal aims to restore shipping through the Strait of Hormuz. Iran commits to not pursuing nuclear weapons. Discussions will cover uranium stockpiles and…

Barchart

Stocks Pressured as Oil Prices Climb on US-Iran Clashes

The S&P 500 Index ($SPX ) (SPY ) today is down -0.14%, the Dow Jones Industrial Average ($DOWI ) (DIA ) is down -0.27%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) is down -0.34%. June E-mini S&P futures (ESM26 ) are down -0.17%, and June E-mini Nasdaq futures...

AAP

US military accuses Iran of ceasefire violation after Kuwait comes under missile attack

The U.S. military has accused Iran of violating a fragile ceasefire after Kuwait reported coming under attack following an American strike against the Islamic Republic

AAP

Oil prices climb, but US stocks hold near their records

Oil prices are clawing back some of their sharp drops from earlier in the week, but U.S. stocks are remaining near their records

The Economic Times

Merchant ships desert Strait of Hormuz amid renewed US strikes

Commercial shipping traffic through the Strait of Hormuz nearly came to a halt on Thursday as fears of renewed military escalation between the US and Iran intensified. Ship-tracking data showed no commercial vessels crossing the key oil chokepoint Thursday morning after only six two-way crossings on Wednesday.

The Conversation

South Africa’s fuel supply and the Iran war: data black holes and low strategic stock put the country at risk

The supply of crude oil to the world had been reduced by about 7.5% to 10.1% by March 2026 in what the World Bank described as the largest oil market disruption in history. The fall was a result of the attacks on Iran by Israel and the US and the…

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