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The Latest Breaking News from Iran

Suez Canal sees oil tanker surge amid Strait of Hormuz disruption

Egypt's Suez Canal saw a significant rise in oil tanker traffic and revenue in April. This surge is linked to the closure of the Strait of Hormuz, forcing ships to use the Red Sea route. Broader vessel traffic also increased. This unexpected boost benefits Egypt's foreign exchange earnings, though overall…

The Economic Times

Water cut off for thousands of Iranians after US strikes: State media

US strikes on two reservoirs in Sirik, Iran, have left 20,000 residents without drinking water amid extreme heat. The attacks, in retaliation for Iran downing a US helicopter, have severely impacted the region's water supply, with insufficient groundwater to compensate. Iran condemned the strikes as a false pretext and retaliated…

The Economic Times

Iran threatens ‘widespread’ attacks after tit-for-tat strikes

Iran has warned of "even more severe and widespread attacks" if the US military continues its strikes, following the alleged downing of an American helicopter. Tehran's forces subsequently launched at least four ballistic missiles and several drones targeting US bases in Bahrain, Kuwait, and Jordan. Iran's Revolutionary Guard claimed its…

The Independent UK

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Iran attacks US bases in Jordan and Bahrain

TEHRAN - Iran attacked American bases in Jordan and Bahrain on Wednesday, warning its Gulf neighbours that they had a "responsibility" to stop the United States and Israel from using their territory to strike the Islamic republic.

Bangkok Post

Iran ‘playing us for suckers’, Trump says, US will attack them ‘very hard’

President Donald Trump on Wednesday accused Tehran of taking too long to negotiate a peace deal and warned that the US would attack Iran "very hard" if an agreement is not finalised quickly. Iran said it would reassess diplomatic engagement with Washington after days of escalating tit-for-tat strikes.

France 24

Why is market rising? Sensex jumps 1,000 points in 2 days, Nifty crosses 23,400. 3 key factors behind the surge

Indian stock markets surged for a second consecutive session, with Sensex and Nifty crossing significant milestones. This resilience occurred despite escalating Iran-US tensions, as cooling oil prices and a fizzling AI rally in global markets provided support. Key sectors like FMCG and Private Banks led the gains.

The Economic Times

America’s emergency oil reserve is about to hit its lowest level since Reagan was in office

The Trump administration has drained 66 million barrels from the SPR since the war in Iran began.

Fortune

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Asian shares fall after a tech sell-off on Wall Street, while oil prices stabilize

Asian shares have mostly retreated and oil prices rose and then fell back after the U.S. launched fresh airstrikes against Iran, raising questions again over prospects for a permanent end to the war

AAP

From uranium enrichment freeze to dismantling nuclear sites: The 4 key elements in US-Iran talks

Talks between the United States and Iran over Tehran’s nuclear programme had narrowed to four key elements before the latest flare-up in hostilities, The New York Times reported .

The Times of India

US inflation hits 4.2% in May as Trump’s Middle East conflict drives up prices - as it happened

US inflation hits a three-year high in May

The Guardian - UK

Stolen Revolution by Bozorgmehr Sharafedin and Yeganeh Torbati review – Iran’s recent history explained

This account of the Islamic Republic and its discontents told via six contrasting lives should be required reading

The Guardian - UK

Tech sell-off deepens but oil prices stay flat despite renewed Iran tensions

Global stock markets fell on Wednesday, extending a volatile week driven by concerns about rising inflation, potential interest rate hikes and escalating tensions in the Middle East.

Euronews

Wednesday briefing: What to expect from a World Cup beset with controversy

In today’s newsletter: From Donald Trump’s involvement to fans shut out, a look at the politics, on-the-pitch predictions and more from the biggest tournament yet for the beautiful game

The Guardian - UK

Putin and Trump are both trapped in losing battles against reality

The Ukraine and Iran wars are very different, but a common authoritarian delusion unites the men who started them, says Guardian columnist Rafael Behr

The Guardian - UK

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The Economic Times

China's imports of major commodities show price remains key driver

China's May commodity trade reveals price is key to its resource imports. Crude oil imports hit an eight-year low due to high prices. Copper imports also fell as prices rose. Conversely, China boosted aluminium exports amid higher global prices. Coal imports declined as prices increased. These shifts highlight China's response…

The Economic Times

Jordanian military intercepts 5 Iranian missiles amid sharp US-Tehran escalation in Gulf

Jordan's air defence systems intercepted multiple projectiles launched from Iran. Iran claimed to have destroyed hangars housing F-35 jets and targeted US bases in Jordan. Further explosions were reported in Kuwait and Bahrain. Iran stated its naval forces attacked the US Fifth Fleet headquarters in Bahrain.

The Independent UK

Asian shares fall after a tech sell-off on Wall Street, while oil prices gain

Asian shares have mostly retreated and oil prices are higher after the U.S. launched fresh airstrikes against Iran, raising questions again over prospects for a permanent end to the war

The Economic Times

Silver plummets Rs 4,500/kg, gold dips Rs 2,500/10 gm as Iran strikes US airbases. Time to sell?

Gold and silver prices saw a sharp decline on the Multi Commodity Exchange on Wednesday. Fresh Middle East tensions, a stronger dollar, and rising oil prices impacted market sentiment. MCX silver futures for July 2026 delivery dropped significantly, as did gold futures for August 2026 delivery. International spot gold also…

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The Economic Times

Market wrap: Sensex rises 64 points, Nifty closes below 23,250; broader markets crash

Indian stock markets saw mixed trading as the Sensex eked out marginal gains while the Nifty slipped into the red. Small and midcap indices experienced significant declines. Geopolitical tensions between Iran and the US resurfaced, impacting market sentiment, though oil prices cooled down.

The Independent UK

Inflation likely reached 3-year high last month as Iran war spikes gas prices

Consumer prices probably jumped in May for the third straight month, heightening concerns for the inflation fighters at the Federal Reserve and underscoring the threat rising costs pose for the Trump administration as midterm elections near

The Independent UK

Iran-US war latest: Tehran attacks 18 US airbases across Middle East after Trump orders major new strikes

US Defence Secretary Pete Hegseth warned that the military would be ‘busy tonight’ ahead of the fresh strikes

The Independent UK

Iran fires missiles at air base hosting US forces in Jordan

Jordan said Wednesday it shot down five incoming missiles launched by Iran targeting an area that’s home to an air base that hosts U.S. forces

AAP

US and Iran launch airstrikes after Trump blames Tehran for downing Army helicopter

The U.S. military launched airstrikes and Iran retaliated following the crash of an Army helicopter near the Strait of Hormuz that U.S. President Donald Trump blamed on the Islamic Republic

The Guardian - AU

US says second day of strikes ‘completed’ – as it happened

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Euronews

Tehran fires missiles at Jordan, Kuwait and Bahrain after renewed US strikes on Iran

Jordan intercepted five missiles aimed at an area hosting a major airbase near Azraq while Kuwait and Bahrain said their air defences were engaging incoming fire. The attacks followed US strikes on Iranian air defence and radar sites near the Strait of Hormuz.

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