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The Latest Breaking News from Iran

Ships cross Hormuz despite US blockade: Trackers vs US military claims

Maritime tracking data indicates Iran-linked vessels transited the Strait of Hormuz despite a US naval blockade, with at least three ships reportedly crossing. However, the US military insists the blockade remains effective, stating six merchant vessels were forced to turn back.

The Times of India

IMF drops Eurozone's economic growth forecast to 1.1% from 1.4% amid Iran war

The International Monetary Fund (IMF) has adjusted its growth projection for the eurozone down to 1.1% from 1.4% for 2026 as prospects for the euro area dwindle amid higher inflation and reduced momentum.

Euronews

‘A pope who uses his brain’: Vatican locals and visitors take sides in Leo v Trump spat

While some US visitors back their president, shopkeepers who serve the papacy and tourists support the pontiff

The Guardian - UK

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Qatar rejects claims of side deals with Iran and calls for regional solution to war

The fallout from the war is disrupting shipping and energy flows, pushing Gulf states to work more closely together and support diplomatic efforts to prevent further escalation and stabilise the region.

Euronews

Iran War Could Cost The U.S. Up To $1 Trillion Over Time, Harvard Economist Warns

Harvard-backed estimates suggest prolonged conflict could reshape U.S. fiscal policy, defense spending and long-term debt trajectory

International Business Times

What will JD do? Vance’s triple-whammy weekend hits his 2028 hope of succeeding Trump

ANALYSIS: After a whirlwind weekend in the Middle East, JD Vance returns to DC without the ‘dealmaker’ label to find other crises consuming Trumpworld, writes John Bowden

The Independent UK

Vance hits rough patch as Iran talks falter, Orbán goes down in Hungary

President Donald Trump might have declared Vice President JD Vance did a “good job” in weekend talks that did not produce a peace pact with Iran, but there are scant signs his recent high-profile international setbacks improved his political prospects to be the next commander-in-chief. The lack of a deal…

Roll Call

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Reeves arrives at IMF with little leeway to prove its UK downgrade wrong

Chancellor faced with fund’s forecast that impact of Iran war will leave Britain as G7’s biggest loser

The Guardian - UK

The Islamabad talks were doomed to failure – and Hormuz blockade has thrown another obstacle to any Iran-US deal

Twenty-one hours of direct negotiations. The highest-level face-to-face engagement between Washington and Tehran since the 1979 Islamic Revolution.

The Conversation

Cotton Retreating on Tuesday

Cotton futures are trading with contracts 9 to 60 points in the front months. The US dollar index was $0.273 lower at $97.890. Crude oil is down $6.53 so far on the day, as reports suggest the US and Iran could hold talks as early as this week, though nothing...

Barchart

Trump accuses ally Meloni of lacking courage for not joining attacks on Iran

Remarks come as Italian PM suspends defence agreement with Israel amid growing domestic pressure over conflict

The Guardian - UK

First aid shipments delivered to Iran since start of war, Red Cross says

The war has killed at least 3,000 people in Iran, 2,020 in Lebanon, 23 in Israel and more than a dozen in Gulf Arab states.

Euronews

Stocks rise, oil falls, on fresh Middle East hope

The FTSE 100 closed up 26.10 points, 0.3%, at 10,609.06.

Evening Standard

Dow Futures Down 531 Points and Oil Back Above $100 — Peace Talks Lasted 21 Hours and 'Went Nowhere'

Stock market futures fell Sunday night following failed U.S.–Iran talks in Islamabad over the weekend, after a recent two-week ceasefire had briefly lifted markets the prior week.

International Business Times UK

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Fortune

Bitcoin, Ethereum approach two-month highs as markets grow optimistic over U.S.-Iran peace negotiations

The rally has seen Bitcoin rise to around $75,000 after falling as low as almost $60,000 in recent months.

The Guardian - US

Democrat Ro Khanna to introduce bill to stop US gasoline exports amid Iran war

Congressman says keeping gas supplies at home could lower costs for Americans amid price hikes sparked by war

International Business Times

IMF Slashes Global Forecast Growth As a Result If Iran War But Sees Short-Lived Conflict

The International Monetary Fund (IMF) slashed its global forecast war as a result of the war in Iran and presented different scenarios based on the duration of the conflict.

International Business Times UK

Iran Uses AI to Mock Donald Trump as 'Jack Sparrow' in Savage Strike Against US Naval Presence

Iran's embassy in Zimbabwe has shared an AI 'Pirates of the Caribbean'-style poster turning Donald Trump into a pirate, mocking US naval activity near the Strait of Hormuz and dubbing America the 'United States of Pirates'.

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The Times of India

Why is Pakistan desperate for US-Iran truce? Leaked details about pact with Saudi Arabia expose reason

The disclosures, obtained by Drop Site News, show that the defense agreement between Riyadh and Islamabad, formally signed in 2025 as the Strategic Mutual Defense Agreement, has already been activated amid escalating regional war. The revelation comes after Saudi Arabia publicly announced on Saturday that Pakistani military forces, including aircraft,…

The Guardian - US

Jon Stewart on Trump’s Jesus photo denial: ‘Do you even care about lying to us any more?’

Late-night hosts discuss Trump posting an AI-generated image of himself as Christ amid his feud with Pope Leo

Barchart

US-Iran Peace Hopes Hammer Crude Oil Prices

May WTI crude oil (CLK26 ) today is down -5.69 (-5.74%), and May RBOB gasoline (RBK26 ) is down -0.0822 (-2.64%). Crude oil and gasoline prices are sharply lower today in hopes that the US and Iran will extend peace negotiations. Crude prices extended their losses today after the US...

International Business Times

Executions In Iran Skyrocketed Last Year To Highest Number In Almost 40 Years: Report

Executions in Iran rose 68 percent in 2025, the highest number carried out by the theocratic dictatorship since 1989.

The Guardian - US

People in the US: how has the surge in gas prices affected what you do?

The average gas price is now more than $4 a gallon amid the Iran war. We’d like to hear how this has affected you

The Independent UK

Reeves hits out at Trump over Iran war strategy with recession a real possibility

IN FULL

Barchart

Stocks Rally on US-Iran Peace Hopes and Cooler PPI Growth

The S&P 500 Index ($SPX ) (SPY ) today is up +0.77%, the Dow Jones Industrial Average ($DOWI ) (DIA ) is up +0.59%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) is up +0.98%. June E-mini S&P futures (ESM26 ) are up +0.73%, and June E-mini Nasdaq futures...

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