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The Latest Breaking News from Iran

OECD Cuts Global Growth Outlook As U.S.-Iran War Weighs On Economy, Energy Markets

The global economy is expected to slow this year as the fallout from the U.S.-Iran war continues to ripple through energy markets, trade routes and investment activity, according to the OECD.

International Business Times

Crude Oil Prices Gain on Middle East Peace Doubts

July WTI crude oil (CLN26 ) today is up +1.80 (+1.93%), and July RBOB gasoline (RBN26 ) is up +0.0155 (+0.49%). Crude oil prices are moving sharply higher today, posting a 1.5-week high as clashes between the US and Iran cast doubt on prospects for a peace deal that would...

Barchart

Stocks Fall on Escalation of US-Iran Hostilities

The S&P 500 Index ($SPX ) (SPY ) today is down -0.40%, the Dow Jones Industrial Average ($DOWI ) (DIA ) is down -0.74%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) is down -0.08%. June E-mini S&P futures (ESM26 ) are down -0.48%, and June E-mini Nasdaq futures...

Barchart

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US services activity heats up in May, beating expectations: Survey

US services sector activity expanded in May, exceeding expectations with the ISM index at 54.5%. While business activity and new orders grew, employment contracted for the third consecutive month. Rising input prices, driven by tariffs and the Iran conflict, reached their highest point since August 2022.

The Economic Times

'It's not nice': Donald Trump says US has 'other way' to deal with Iran

US President Donald Trump on Wednesday said he has to decide between making a deal with Iran or doing it "the other way", which he remarked would not be "nice."

The Times of India

Iran war: ordinary Israelis and Lebanese remain trapped by the false promises of their leaders

When the United States and Israel began their conflict against Iran, the Islamic Republic retaliated – as it has done in the past – by launching missile strikes against Israel as well as US military basis in the region. In addition, Iran targeted military and civilian locations across several Arab…

The Conversation

House Republicans join Democrats in rebuke to Trump’s Iran war powers

Four Republicans join Democrats on a War Powers Act resolution in the latest act of defiance against Trump by some Republicans

The Independent UK

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Oil prices climb back toward $100, and the record-breaking rally for US stocks stalls

Oil prices are rising following the latest threats to the U.S.-Iran ceasefire, and U.S. stocks are stalling near their records

AAP

Foreign minister says attack on Kuwait Airport is ‘completely unacceptable’

The UK Government has condemned an Iranian drone attack on Kuwait International Airport, which resulted in one fatality and 63 injuries. Foreign Minister Hamish Falconer labelled the incident a 'completely unacceptable attack' and conveyed condolences to the Kuwaiti government, urging Iran to de-escalate. The attack, which occurred on Wednesday morning,…

The Independent UK

Trump says ‘there would be no Israel’ if not for him after clash with Netanyahu

Trump also hit back at claims he only started the war with Iran because he was “tricked” into the conflict by the Israeli prime minister

The Independent UK

After the West Asia war, Iran's nuclear programme is harder to track — and riskier: Report

Iran's uranium stockpile faces reduced international oversight following US-Israel military strikes, according to an IAEA report. This diminished inspection capability raises proliferation concerns, as the agency cannot verify the status of significant quantities of highly enriched uranium previously under regular monitoring.

The Economic Times

Israel's military campaign in Lebanon threatens to derail US-Iran peace talks

Israel continued to launch attacks at Lebanon, despite US President Donald Trump's heated phone call on Monday in an effort to salvage the peace deal with Iran.

Euronews

Trump confirms he called Netanyahu crazy in phone call

President Trump has verified a report that he branded Israeli leader Benjamin Netanyahu crazy during a foul-mouthed chat, but insists they get along very well.

AAP

'Defensive' Rubio Erupts When Asked Why He Skipped Iran Talks in Pakistan to Sit Ringside With Trump at the UFC

Marco Rubio faced scrutiny in a Senate hearing over claims he attended a party with Trump instead of Iran negotiations. The confrontation highlights questions about US diplomatic representation.

International Business Times UK

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The Times of India

‘I was a little bit perturbed’: Donald Trump confirms calling Netanyahu 'crazy' over Lebanon strikes, defends working relationship

US President Donald Trump admitted calling Israeli PM Benjamin Netanyahu "f***ing crazy" due to frustration over Lebanon escalation, impacting Iran talks. Despite the heated exchange, Trump insists their strong working relationship continues, citing shared "wartime leader" pressures. He remains optimistic about resolving regional tensions soon.

The Economic Times

Trump confirms he called Netanyahu 'crazy,' as he says Israel is complicating peace talks with Iran

United States President Donald Trump confirmed he called Israeli Prime Minister Benjamin Netanyahu "crazy" over stalled Iran peace talks. He stated his relationship with Netanyahu remains solid. Fighting between Israel and Hezbollah in Lebanon continues. An Israeli strike hit a car near Beirut. Talks between Lebanon and Israel are ongoing…

International Business Times

Iran And U.S. Trade Fresh Strikes In a New Test Of The Ceasefire Amid Stalled Negotiations

Iran and the U.S. traded fresh strikes in a new test of the ceasefire as talks remain stalled.

International Business Times UK

What Is Trump's Iran War Costing Americans? New Study Has An Answer

Moody's Analytics reports that Trump's military action in Iran has cost U.S. households $100 billion (£79 billion), largely due to higher energy prices, with middle- and lower-income families most affected.

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The Economic Times

EU could lose 1.3 million jobs due to energy price surge linked to Iran war, Commission says

European industries are bracing for significant job cuts. Up to 1.3 million jobs are at risk across automotive, construction, metals, chemicals, and transport sectors due to Middle East conflict. The automotive industry alone could see 600,000 layoffs. Energy-intensive industries are particularly vulnerable. Low-income households will also face higher transport fuel…

The Independent UK

Trump again insists gas will be back down to $1.85 a gallon as soon as Iran war is over

On Wednesday the U.S. national average price was $4.26 a gallon — up from $2.98 just before the war broke out in February, according to AAA

The Independent UK

Trump confirms angry call with Netanyahu – saying he was ‘perturbed’

IN FULL

AAP

Early trading on Wall Street mixed as oil prices tick higher with Iran cease fire under strain

Premarket trading on Wall Street was mixed while oil prices continued their ascent and Japan's Nikkei 225 index topped 68,000 for the first time

The Economic Times

Iran claims responsibility for attacks on US Fifth Fleet HQ, Kuwait air base

Iran's Revolutionary Guards have claimed responsibility for attacks on Kuwait and Bahrain. The strikes targeted the Ali Al Salem Air Base in Kuwait and the US Fifth Fleet headquarters in Bahrain. These actions were stated as retaliation for US attacks on an Iranian oil tanker and island. The Guards announced…

The Conversation

Gulf expat reactions to Iran war show us how countries like UAE instil loyalty in western migrants

When the US and Israel launched their strikes on Iran on February 28 and Iran retaliated by targeting the Gulf Arab states, I was closely monitoring social media accounts from the region. I research Middle East politics, with a focus on the Gulf, and the social media platforms I use…

The Guardian - UK

Netanayahu’s been ‘a great partner’, says Trump – as it happened

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