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The Latest Breaking News from Iran

UK ‘headed for stagflation’ as economy flatlines and inflation bites due to Iran war

Stagflation – a combination of rising inflation, higher unemployment and low or zero economic growth – is seen as a ‘worst of both worlds’ scenario

The Independent UK

Detention of journalist in Kuwait raises questions about crackdown on freedom of speech

Ahmed Shihab-Eldin was arrested after reporting on friendly fire incident during US conflict with Iran

The Guardian - UK

Trump refuses to apologise after clash with Pope Leo XIV over Iran war

Despite widespread criticism including Italian Premier Giorgia Meloni's rare rebuke after the US president lambasted the US-born pontiff for being "weak on crime," Trump said no to an apology to the Catholic Church's Holy Father while reiterating his claims.

Euronews

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Stock Index Futures Gain on Hopes for Renewed U.S.-Iran Talks, PPI Data and More Big Bank Earnings on Tap

June S&P 500 E-Mini futures (ESM26) are up +0.19%, and June Nasdaq 100 E-Mini futures (NQM26) are up +0.39% this morning as risk appetite improved and oil prices fell following reports that the U.S. and Iran were weighing another round of peace talks.

Barchart

JD Vance accuses Iran of ‘economic terrorism’ in Strait of Hormuz and threatens ‘two can play that game’

Vice president said negotiations with Tehran ‘didn’t move far enough’ in Islamabad

The Independent UK

UK workers should stay at home to save fuel, says ex-government adviser

Professor Nick Butler warns the price of diesel could still go a ‘good deal’ north of £2 per litre

The Independent UK

Business Brief (April 14): CATL Said to Weigh $5 Billion Hong Kong Share Sale

Beijing addresses Iran-linked reports; OPEC trims oil demand forecast

Caixin Global

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BP’s new boss to overhaul structure after retreat from green strategy

Meg O’Neill to return to upstream and downstream divisions after shift away from low carbon push

The Guardian - UK

Starmer and Macron to co-host Strait of Hormuz talks in Paris on Friday

The efforts are focused on safeguarding the vital oil and gas shipping route after the Iran war ends.

Evening Standard

US to host rare talks between Lebanon and Israel despite Hezbollah boycott

Lebanese and Israeli representatives are scheduled to meet in Washington Tuesday for US-mediated talks on ending the war in Lebanon – the first high-level talks of this nature in 30 years. But the prospects of an agreement appear slim after pro-Iran Hezbollah said it would not respect the outcome.

Radio France Internationale

Lebanon and Israel hold first talks in decades in bid to end devastating war

Washington is hosting the diplomatic talks and US Secretary of State Marco Rubio will participate

The Independent UK

Watch Strait of Hormuz marine traffic before Iran war, after ceasefire and as blockade begins

IN FULL

The Independent UK

Starmer chairs new committee to respond to Iran crisis

The formation of a new Cabinet committee is a signal the situation in the Middle East will have a prolonged impact on the UK.

Evening Standard

Catholic JD Vance weighs in on Trump’s ‘Jesus doctor’ photo and his feud with Pope Leo

Vice President JD Vance said that, in some cases, it ‘would be best for the Vatican to stick to matters of morality’

The Independent UK

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Axios

Trump's incredible shrinking tent

Trump is methodically torching the eclectic coalition that made him president.

Euronews

Hormuz standoff turns into a cautious waiting game as US blockade begins

Trump claims Iran made new contact for a deal, as the first hours of the US blockade in the Strait of Hormuz show an apparent cautious approach from all sides as the fragile ceasefire is still holding. But China announces its own shipping transit agreement with Iran, warning the US…

Euronews

Risk of ‘serious’ economic shock if Iran war drags on, EBRD chief says

Odile Renaud-Basso says the current scenario will dampen growth and push up inflation in the countries where her institution operates, but that the economic repercussions of a drawn-out war will be “much more serious.”

The Independent UK

Trump may have to watch Wall St Journal reporters win an award for their Epstein birthday letter story

President Donald Trump will appear at this year’s White House Correspondents’ Dinner after a decade-long boycott but may have to see newspaper he attempted to sue win prize for Jeffrey Epstein reporting

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The Independent UK

A timeline of Trump and Pope Leo’s escalating feud over Iran war

A feud has escalated between Donald Trump and Pope Leo XIV over the war in Iran.

The Times of India

How much will Iran lose? The cost of Trump’s Hormuz blockade

Following failed talks, the US has imposed a blockade on Iranian ports in the Strait of Hormuz, potentially costing Iran $435 million daily in economic damage, primarily from lost oil and petrochemical exports. This move, aimed at pressuring Iran, could also impact China's energy imports and requires significant US naval…

The Guardian - UK

HSBC says Iran war is hitting confidence as businesses warn over economic risks

Oil-driven inflation is big challenge to world economy, lifting inflation and depressing growth, says bank’s chair

The Independent UK

Watch sanctioned ship pass through Strait of Hormuz after US blockade

Live tracking footage from MarineTraffic shows vessels flowing through the Strait of Hormuz before the Iran war began, and what the Strait looked like both after the ceasefire announcement and following the US-enforced maritime blockade.

The Independent UK

Efforts underway for second round of US-Iran talks as US blockade takes effect

The standoff between the United States and Iran is deepening as the U.S. has declared it has blockaded the Strait of Hormuz, Iran has threatened to strike targets across the region, and Pakistan says it is racing to bring the sides together for more talks

Euronews

'The largest energy security threat in history' is about to push oil prices further up, IEA warns

No new energy shipments have been loaded in April, signalling a worsening disruption that could intensify the global energy and economic impact, IEA Executive Director Fatih Birol said on Monday.

The Independent UK

BP sees ‘exceptional’ oil trading result as Iran war sends crude costs soaring

Oil prices have surged higher since the US-Israel war on Iran started and are now more than 60% up so far this year.

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