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The Latest Breaking News from Iran

UK manufacturers hit by sharpest rise in cost inflation since Black Wednesday in 1992

PMI figure reveals impact on economy of rise in oil prices driven by Iran war

The Guardian - UK

First Thing: Trump describes ‘productive’ talks with Iran but Tehran denies contact

Iran has dismissed the US president’s claim of talks, saying there had been none since Washington began bombing the country. Plus, how sleeping 11 minutes more can cut your risk of heart attack

The Guardian - UK

White House Warns US-Iran Talks 'Fluid' as Tehran Brands Donald Trump Productive Claim 'Fake News'

The White House downplays speculation on US-Iran talks after Donald Trump claimed progress, while Tehran denies any discussions and allies warn of rising conflict risks.

International Business Times UK

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‘Let’s do it’: Trump pins push for war with Iran on Pete Hegseth in latest shift

President Donald Trump offers new account of circumstances leading up to commencement of Operation Epic Fury, suggesting Defense Secretary Pete Hegseth was particularly enthusiastic about bombing campaign

The Independent UK

National security cases linked to Iran and other hostile states increase 50%

The rise was revealed as officials continue to investigate an arson attack on Jewish community ambulances in north-west London.

Evening Standard

Trump needs an exit strategy in Iran as $100 oil looms over the midterms

Everything you need to know before you reach the office this morning.

Fortune

New Iranian missile strikes rubbish Trump’s claim of ‘productive talks’

IN FULL

The Independent UK

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UK business growth ‘slowed to a crawl’ due to war in Middle East, survey shows

Businesses blamed the US-Israel war with Iran for souring customer demand, pushing up prices and disrupting their global supply chains.

Evening Standard

Want to understand why Trump is still bombing Iran? Look to Nixon and Vietnam

Richard Nixon’s strategy was about shielding his own reputation. Now Trump needs a face-saving exit of his own

The Guardian - US

Iran War Escalates As Missiles Hit Israel, Talks Denied And Global Energy Shock Deepens

Iranian missiles struck central Israel, including the Tel Aviv area, injuring civilians and causing significant damage, while Israeli forces continued targeting Iranian military infrastructure and proxy positions across the region.

International Business Times

JD Vance role touted as Pakistan attempts to broker US-Iran peace talks

Diplomatic sources say negotiations may begin in Islamabad next week, though no formal agreement is in place

The Guardian - UK

S&P Futures Waver as Concerns Over Middle East Conflict Persist, U.S. PMI Data in Focus

June S&P 500 E-Mini futures (ESM26) are trending up +0.02% this morning, swinging between gains and losses as optimism over a de-escalation in the Middle East conflict wanes.

Barchart

First time buyers face £1200 jump in mortgage bills as war in Iran brings havoc to market

Lenders have been forced to reprice their deals faster than at any time since the mini-Budget in 2022 because of the turmoil in the gilts market

Evening Standard

Is the World Heading for an Energy Lockdown in 2026? Oil Prices, Blackouts, and What's Really Coming

The crisis stems from escalating conflict involving the United States, Israel, and Iran, with the Strait of Hormuz emerging as the critical choke point.

International Business Times UK

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Euronews

Is the Iran war pushing Europe into a stagflation crisis?

The Iran conflict has handed Europe its most punishing economic combination in years — stagflation. With input costs surging, output stalling and confidence collapsing, the ECB's window of stability seems to have closed.

Euronews

Many Asian countries are heavily reliant on oil that passes through the Strait of Hormuz, and some popular tourist destinations are now enacting measures to limit fuel consumption as the conflict enters its fourth week.

The Independent UK

UK drivers hit with £307m fuel bill after Trump’s Iran war as diesel price climbs to three-year high

Inflation fears as petrol prices soar – but Reeves says no help yet for millions facing higher energy bills

Evening Standard

Hunt for ‘blood oil inside traders' who made millions from Trump’s halt on energy strikes in Iran war

In Britain, the City watchdog is being urged to investigate if there has been any insider trading here linked to Trump’s war

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The Independent UK

UK travel firm spends £1m to rescue stranded holidaymakers from Asia

Exclusive: Lancashire company Distant Journeys chartered an Airbus A350 to ferry 400 passengers home from Sri Lanka

International Business Times UK

The Oil Crisis You Haven't Heard About: Why Vietnam, Bangladesh, and the Philippines Face an Energy Emergency

The US-Israel-Iran conflict impacts global oil markets, causing fuel shortages in Southeast Asia. Discover how Vietnam, Bangladesh, and the Philippines manage the crisis and its effect on supply chains and oil prices.

The Guardian - UK

UK politics: Reform UK suspends mayoral candidate after he described Jewish security group as ‘cosplayers’ – as it happened

Labour and Liberal Democrats welcome suspension of Chris Parry, the party’s Hampshire mayoral candidate, after derogatory remarks about Jewish group

International Business Times UK

Valero Oil Refinery Explosion: Why the Fire Could Send Shockwaves Through US Gas Pumps

A massive explosion at Valero Oil Refinery in Port Arthur, Texas, has caused a fire and economic concerns. Learn about the impact on gas prices and the ongoing investigation.

Euronews

US President Donald Trump says US in negotiations with Iran 'right now' to end war

On Monday, Trump claimed his administration has been negotiating with Iran "for a long time" and believes a deal to end the war is close, saying Iran "means business."

The Guardian - UK

Energy price shock and interest rate rises could cause ‘pronounced’ UK recession, economist warns – as it happened

Morgan Stanley warns that UK could fall into a recession at the turn of the year, if energy prices remain high and Bank of England hikes interest rates

Euronews

Europeans acting 'cowardly' for not joining war against Iran, former PM Bennett says

Bennett says Europeans are ungrateful, leaving the US and Israeli to do 'all the hard work' against Iran in comments to Euronews. The EU called for de-escalation and respect for international law in Brussels summit.

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