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The Latest Breaking News from Iran

Gold Suffers Worst Drop in 17 Years Despite War Fears—Here's the Twist Investors Missed

Explore why gold, traditionally a safe-haven asset, is experiencing a sharp decline amid escalating tensions in the Middle East. Discover the macroeconomic factors at play.

International Business Times UK

Donald Trump tells UK to secure Strait of Hormuz and ‘go get your own oil’

Donald Trump said allies would have to fight for themselves as ‘the USA won’t be there to help you anymore, just like you weren’t there for us’.

The Independent UK

Donald Trump tells Britain to secure Strait of Hormuz and ‘go get your own oil’ as energy prices set to soar

Donald Trump said allies would have to fight for themselves as ‘the USA won’t be there to help you anymore, just like you weren’t there for us’

Evening Standard

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'Will cut off legs': Iran warns aggressors; Russia's Chechen units ready if US launches ground war

Iran has issued a warning to any force attempting to invade its territory, declaring that its armed forces will “cut off the legs” of aggressors. Ebrahim Zolfaghari, spokesperson for the Khatam al-Anbiya Headquarters of the Islamic Revolutionary Guard Corps (IRGC), told state media Press TV on Tuesday that Iran is…

The Times of India

Countries with extreme views on masculinity are unhappy places to live, study finds

Lebanon, Iran, and Nigeria, and Ghana had some of lowest happiness levels

The Independent UK

Starmer holds emergency meeting over cost of Iran war as energy bills set to 'rise by £288' in summer

Chancellor Rachel Reeves has already indicated that targeted help for poorer households could be available if bills continue to rise

Evening Standard

Cost of filling typical family car with diesel breaks £100 mark as oil crisis deepens

The UK’s most expensive petrol is being sold for 199.9p per litre

The Independent UK

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Full tank of diesel breaks £100 mark as Iran oil crisis deepens

Average diesel prices at UK forecourts on Tuesday were 182.8p per litre.

Evening Standard

Trump is flailing in Iran. Every word he says adds to the muddle

A wartime leader’s words are critically important. But Trump, contradicting himself and denying reality, is no Churchill

The Guardian - US

Tuna firm Princes signals potential price rises as Iran conflict pushes up costs

The food firm, which also makes the Napolina and Crisp ‘N’ Dry brands, said it is seeing ‘renewed inflationary pressures’.

Evening Standard

Pentagon denies report linking Hegseth’s broker to defense investment attempt before Iran war

IN FULL

The Independent UK

Eurozone inflation jumps to 2.5% amid Iran war: Will the ECB hike rates?

Consumer prices jumped at their fastest monthly pace since October 2022, driven almost entirely by the energy shock from the Iran conflict. Economists are split on whether Frankfurt will pull the trigger.

Euronews

US average fuel price passes $4 a gallon for first time in four years amid Iran war

Stocks rally after reports suggest Trump might end the war soon, saying ‘we’re not going to be there for too much longer’

The Guardian - US

The key shipping route under Houthi threat that could have a seismic impact on global economy

The Bab al-Mandab strait has been a vital shipping route for Saudi Arabia since the closure of the Strait of Hormuz

The Independent UK

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Barchart

Stock Index Futures Rally on Prospect of End to Middle East Conflict, U.S. Economic Data and Fed Speak in Focus

June S&P 500 E-Mini futures (ESM26) are up +1.02%, and June Nasdaq 100 E-Mini futures (NQM26) are up +0.94% this morning as sentiment got a boost after President Trump reportedly told aides he was willing to end the U.S. military campaign against Iran.

The Independent UK

Food prices set to spike amid Iran war – but not for the reason you might expect

Conflict in the Gulf is having repercussions on economies across the globe

The Independent UK

Buckle up! Gas soars past $4 a gallon for first time since 2022 - and shows no signs of slowing down amid Iran war

Prices in at least two California cities have already eclipsed $6 per gallon

The Independent UK

Keir Starmer to chair Cobra meeting over costs to households from Iran war

Sir Keir Starmer is set to chair a Cobra crisis committee meeting to address the impact of the war in Iran on UK households. Average energy bills are forecast to rise by almost £300 from July, reaching £1,929, despite a temporary fall in April due to green subsidy removal. Motorists…

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The Guardian - UK

First Thing: Kuwaiti tanker hit by Iranian drone attack in Dubai port

The attack came hours after Trump threatened to ‘obliterate’ Iran’s energy plants and oil wells unless it opened the strait of Hormuz. Plus, Israel to give death penalty to Palestinians convicted of lethal attacks

The Independent UK

How Trump could plunge US allies into chaos with Iran war decision

IN FULL

Tom’s Hardware

Bitcoin network has its first quarterly hashrate drop since 2020 — Iran conflict spurs Bitcoin mining operators to accelerate pivot to AI infrastructure

Bitcoin miners are pivoting to AI infrastructure amidst the conflict in Iran. The BTC network has seen its first quarterly hashrate drop in nearly six years.

Euronews

Attack on Michigan synagogue inspired by Iran-backed Hezbollah, FBI says

The FBI says the synagogue attack earlier in March was inspired by Hezbollah, targeting Michigan’s largest Jewish temple with a truck packed with fuel.

Euronews

Watch: EU governments are throwing billions at the petrol shock. Will it help?

European drivers face soaring fuel prices as the Iran war hits oil markets, prompting EU states to cut fuel taxes, cap prices and tighten regulation.

The Independent UK

Iranians warned they will be executed for filming war aftermath

IN FULL

The Independent UK

Trump threatens to leave allies facing economic chaos by ‘ending war without reopening Strait of Hormuz’

US president tells aides mission to forcibly open the strait would push the war beyond his timeline of four to six weeks

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