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The Latest Breaking News from Iran

US stocks today: Dow soars 600 pts, Nasdaq 1.5% as chip stocks rally eyeing Nvidia results, Iran peace deal hopes

Wall Street indexes jumped over 1% led by tech and semiconductor rally ahead of Nvidia earnings. Target fell on weak outlook. Airlines gained as oil dropped. Fed minutes signaled possible rate hike debate. Nasdaq S&P Dow Jones rose strongly as AI optimism offset inflation and geopolitical concerns sentiment rises

The Economic Times

UAE Says Its Pipeline To Bypass The Strait Of Hormuz Is Almost Halfway Done

The UAE said the pipeline it's building to bypass the Strait of Hormuz is almost halfway complete after accelerating construction while the key waterway remains closed as a result of the war in Iran.

International Business Times

AAP Rolling News Bulletin May 21, 0600

AAP Rolling News Bulletin for May 21 at 0600

AAP

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Dollar Retreats on Iran Optimism

The dollar index (DXY00 ) fell from a 6-week high on Wednesday and finished down by -0.24%. The dollar gave up an early advance on Wednesday and moved lower after comments from President Trump that the US was in the “final stages” with Iran, which knocked crude oil prices down...

Barchart

Iran Tightens Grip on Strait of Hormuz With Island Checkpoints and Transit Fees: Report

Ships moving through the Strait of Hormuz are now subject to a multi-tiered clearance process by Iran's Islamic Revolutionary Guard Corps, which can include affiliation checks, inspections, and diplomatic intervention, according to a new report.

International Business Times

Michael Bay to direct film based on US military rescue mission in Iran

Director of Armageddon and Transformers to team up with Universal Pictures for drama based on recent events

The Guardian - US

Digital bottleneck: How Iran wants to use internet access as leverage in the war

Tehran is floating the idea of charging the world’s largest tech companies – including Google, Meta, Microsoft and Amazon – for using the undersea internet cables crossing the Strait of Hormuz in a new attempt to exploit its control over the critical waterway to ratchet up economic pressure on the…

France 24

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AAP Rolling News Bulletin May 21, 0530

AAP Rolling News Bulletin for May 21 at 0530

AAP

New UAE oil pipeline bypassing Hormuz 50% complete ahead of 2027 start

Iran, which has attacked vessels to assert control over the Strait, has expanded its definition of the waterway to include the UAE's Gulf of Oman coastline. The U.S. has imposed its own blockade on Iranian ports and attempted an aborted operation to reopen the chokepoint.

The Economic Times

Regulators looking at three firms over multimillion-dollar trades before Trump’s Iran war announcement, report says

The three financial firms, which have not been accused of wrongdoing, said they had not been contacted by the Commodity Futures Trading Commission

The Independent UK

Pakistan steps up bid to get US-Iran talks on track

Mediators are trying to speed up US-Iran peace talks as Tehran weighs a response from Washington and President Donald Trump says he's willing to resume attacks.

AAP

Fed minutes show more policymakers were prepared to lay groundwork for rate hike

Federal Reserve minutes show growing concern that inflation driven by the Iran war could persist above the 2% target, prompting discussions around possible future rate hikes. Several policymakers signalled tightening may be needed, marking a more hawkish shift. Bond yields rose as markets priced in reduced chances of rate cuts.

The Economic Times

Oil Plummets As Hopes For An Iran Deal Rise After Trump's Remarks About Talks Being In 'Final Stages'

Oil prices fell sharply on Wednesday after President Donald Trump said talks with Iran to end the war are in their "final stages."

International Business Times

Trump may see himself in Ahmadinejad but having him lead Iran was a perplexing idea

Former Iranian president has a populist, headline-grabbing communication style but is an avowed anti-Zionist. How could Israel see him as a man to do business with?

The Guardian - UK

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Fortune

Prices at the pump hit $4 a gallon in all 50 states—just as summer driving season begins

The average gasoline price could surge above $5 by the end of the summer if the war continues unabated.

Reason

The U.S. Government's Shifting Excuses for Bombing a School in Iran

The Trump administration has come up with contradictory reasons to avoid admitting to an obvious, terrible mistake.

Barchart

Corn Facing Crude Oil Pressure on Wednesday

Corn futures are trading with 10 to 11 cent losses in the front months on Wednesday. The CmdtyView national average Cash Corn price is down 10 3/4 cents to $4.24 1/4. Crude oil losses of $6.27 is adding pressure as US and Iran negotiations are reportedly in the final stages....

Barchart

Cotton Back to Mixed Trade at Wednesday’s Midday

Cotton futures are trading with contracts down 53 points to 3 points higher in the front months. The US dollar index is $0.211 higher at $99.055. Crude oil losses of $6.27 is adding pressure as US and Iran negotiations are reportedly in the final stages. The Cotlook A Index was...

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The Economic Times

Iran's threat to Hormuz submarine cables

Iran's Revolutionary Guard Corps has threatened to impose permits on submarine fiber-optic cables passing through the Strait of Hormuz. This move could disrupt global data flow, impacting financial transactions and government communications. While some countries have alternative routes, Qatar, hosting a key cable terminal, faces significant impact. Repairing damaged cables…

We Got This Covered

Donald Trump just told struggling Americans to suck up the gas prices. His one-word description of their pain has them wondering whose side he’s on

The man has never filled a tank with gas in his life.

Evening Standard

M&S in fashion as stocks climb amid fresh hopes of US-Iran peace deal

Investors in London were also digesting better-than-forecast UK inflation figures.

Evening Standard

We may have cut interest rates twice this year if not for Iran war – Bank chief

Bank of England governor Andrew Bailey told MPs on the Treasury Committee that a rate cut had been taken off the table following the conflict.

The Independent UK

Bank of England governor says food price freezes are ‘unsustainable’

The Iran conflict has been the ‘dominating change in the landscape’ for the economy, Andrew Bailey said

The Independent UK

RFK Jr’s daughter-in-law leaves two of her government jobs over Iran war: report

Amaryllis Fox Kennedy previously managed her father-in-law’s presidential campaign

Barchart

Crude Oil Prices Tumble on Hopes the Iran War Could Soon End

July WTI crude oil (CLN26 ) today is down -4.43 (-4.25%), and July RBOB gasoline (RBN26 ) is down -0.1264 (-3.54%). Crude oil and gasoline prices are falling sharply today on optimism that diplomacy may finally end the Iran war and reopen the Strait of Hormuz. Crude prices remained sharply...

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Tedros Adhanom Ghebreyesus

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