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The Latest Breaking News from Iran

G7 pledges to take 'all necessary measures' to safeguard energy market amid war in Iran

G7 countries said they are ready to take “any necessary measures” to preserve stability in the energy market through coordinated action. However, no specific measures have been announced at this stage.

Euronews

Open for Business or Obliterated: Donald Trump Issues Final Ultimatum to Iran

President Trump ramps up pressure on Iran with threats to destroy key oil infrastructure unless the Strait of Hormuz reopens soon, as mediators scramble amid soaring global oil prices. Regional pleas for peace highlight the high stakes in this volatile showdown.

International Business Times UK

Trump said the Iran war was ‘very complete’ three weeks ago. Oil has surged 50% since, and analysts are warning of stagflation

Gas prices just hit their highest level since Russia’s invasion of Ukraine, and Wall Street is bracing for stagflation as the conflict spreads.

Fortune

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FTSE 100 up as latest peace talk claims weighed

Financial analysts said markets remain nervous amid comments from Donald Trump about seizing Iranian oil and the country’s Kharg Island export hub.

Evening Standard

America's less energy-intensive economy braces against Iran war shock

Over recent decades, the share of U.S. economic activity has increased in service industries that demand less energy.

Axios

US and Iran put water in line of fire on top of oil

TOI correspondent from Washington: US President Donald Trump on Monday threatened to annihilate Iran as a nation, threatening its drinking water infrastructure, energy grid, and its oil wells unless it capitulated in ongoing talks – which Teheran denies are taking place.

The Times of India

‘$0 on veterans’: Gavin Newsom exposes how much Trump’s golf habit has cost taxpayers while troops die in Iran

The number is hard to sit with

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Islamabad talks signal emergence of new four-nation bloc in Middle East

Unlikely grouping of Egypt, Pakistan, Saudi Arabia and Turkey steps up efforts to broker ceasefire and curb dominance of Iran and Israel

The Guardian - UK

The Latest: Trump warns Iran energy sites face destruction without a quick deal

President Donald Trump says Iran faces massive damage to its energy system unless it quickly agrees to end the war

The Independent UK

Iran Earns Nearly Double From Oil During War As Strikes Fail To Halt Energy Exports And Global Prices Rise

Despite military strikes, Iran's oil exports have surged, doubling its daily revenue as global crude prices rise.

International Business Times UK

What Prompted Benjamin Netanyahu To Halt Palm Sunday Mass Sparking Global Outrage?

Israeli police blocked senior Catholic clergy from holding a private Palm Sunday Mass at Jerusalem's Church of the Holy Sepulchre, prompting outrage from church leaders and criticism from the US and Europe.

International Business Times UK

Trump Under Fire As Iran Talks Suggest Return To Pre-2018 Deal After Years Of Conflict Failed To Deliver Results

Explore the consequences of Trump's withdrawal from the Iran nuclear deal, leading to a military conflict and failed negotiations.

International Business Times UK

Starmer calls for ‘joint effort’ with business on Iran war economic impact

Bosses from oil firms, shipping companies and banks were invited to Downing Street for crisis talks.

Evening Standard

How countries are responding to oil price surge due to Iran war

Many countries reliant on energy imports are taking emergency measures from free bus travel to four-day working week

The Independent UK

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Barchart

Crude Oil Climbs on Fears of a Protracted Iran War

May WTI crude oil (CLK26 ) today is up +3.05 (+3.06%), and May RBOB gasoline (RBK26 ) is up +0.0791 (+2.48%). Crude oil and gasoline prices are climbing today, with crude oil rallying to a 3-week high after President Trump threatened to escalate the Iran war if there is no...

Evening Standard

‘All roads’ from Iran war lead to higher prices and slower growth, warns IMF

The international financial institution said it was stepping up support, especially to the most vulnerable economies.

The Independent UK

Trump’s new ultimatum to Iran: Make a deal soon or we’ll obliterate Kharg Island

US leader said he would ‘conclude our lovely stay in Iran’ by blowing up all of the country’s energy facilities

The Times of India

$1 billion a day: The escalating cost of America’s war with Iran

The financial and human cost of the United States’ involvement in the Iran conflict is mounting rapidly, with early estimates pointing to tens of billions already spent.

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Barchart

Markets Turn Negative as Crude Oil Prices Surge

The S&P 500 Index ($SPX ) (SPY ) today is down -0.75%, the Dow Jones Industrial Average ($DOWI ) (DIA ) is down -0.21%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) is down -1.18%. Stock indexes turned lower this afternoon as the market digests the first $100+ oil...

The Independent UK

How could US forces seize Kharg Island and why is it so risky?

Kharg Island, which hosts Iran's main oil export terminal, has emerged as a key focus in the month-long conflict involving the United States and Israel. Strikes on Kharg's oil infrastructure or a ground invasion would severely curb Iran's oil exports, a crucial revenue source, and could lead to significant regional…

International Business Times UK

Pakistan to Host US-Iran Talks, No Word Yet from Washington or Tehran, Says Foreign Minister

Pakistan offers to host US-Iran talks as war escalates, with Tehran issuing stark threats and Washington signalling uncertain progress in negotiations.

International Business Times UK

Am I Heaven-Bound?' — Donald Trump's Shocking Death Letter During Iran War Goes Viral!

Donald Trump shares a deeply personal message about death and faith, sparking global reactions amid ongoing tensions with Iran.

Fortune

Bond yields are falling even as oil tops $102, showing that Wall Street fears recession more than inflation

“The risks to economic growth begin to take precedence over the risks to inflation,” Oxford Economics said in a note on Monday.

Barchart

Dollar Supported by Concerns of a Protracted Iran War

The dollar index (DXY00 ) climbed to a 2-week high today and is up by +0.35%. The dollar has safe-haven support on concerns of a protracted Iran war after President Trump told the Financial Times on Sunday that he wants to "take the oil in Iran" and could seize the...

The Guardian - UK

Families hardest hit by energy crisis could be given funds dispensed by councils in England

As Iran war continues, ministers debate several options for extending support to households

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