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The Latest Breaking News from Iran

Oil Price Today (May 20): Crude oil dips for second day as Trump says Iran war could end ‘very quickly’. Is the worst behind?

Oil prices dipped for a second day as President Trump suggested a swift end to the Iran conflict. However, market caution persists due to ongoing peace negotiation uncertainties and Middle East supply disruptions. Experts warn prices will remain elevated due to potential renewed strikes and slow supply recovery.

The Economic Times

'Locked and loaded': JD Vance warns US could restart military campaign if Iran talks fail

US Vice President JD Vance stated that President Trump is pursuing a diplomatic deal with Iran but is prepared to resume military action if nuclear talks fail. Vance emphasized that the administration is negotiating in good faith, making it clear Iran will not be allowed to obtain a nuclear weapon.

The Times of India

Group behind viral Trump-Epstein monument taunt president with new exhibit near Mar-a-Lago

Designed to be mathematically impossible to win, the retro-style arcade game features an abrupt ‘game over’ sequence if players attempt to hold hands with a digital depiction of the first lady

The Independent UK

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Dollar at six-week high on rate-hike bets, Iran war uncertainty

The US dollar remains strong near a six-week peak, driven by inflation fears and the potential for higher interest rates due to the Iran war. This surge is pushing the Japanese yen towards intervention levels. Global bond markets are experiencing a sell-off, with US Treasury yields hitting multi-year highs.

The Economic Times

Oil prices ease after Trump says US will end Iran war 'very quickly'

Oil prices dipped as President Trump suggested a swift end to the Iran conflict, yet market jitters persist. Peace talks face uncertainty, with supply disruptions in the Middle East continuing. Analysts warn of sustained high prices due to potential renewed attacks and slow supply recovery, even if a deal is…

The Economic Times

Gold rises as interest rate fears ease on US-Iran deal optimism

Gold prices saw a slight increase as optimism grew regarding a potential US-Iran peace agreement, easing concerns about prolonged high inflation and interest rates. While US President Trump hinted at further action against Iran, Vice President Vance indicated significant progress in talks. Investors await Fed minutes for monetary policy insights.

The Economic Times

UAE says drone that hit near its nuclear plant was launched from Iraq

The United Arab Emirates said six drones were launched from Iraq towards its territory over the past 48 hours, including one that struck near the Barakah Nuclear Power Plant on Sunday and caused a fire at an external electric generator.

The Economic Times

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After seven failed attempts, US Senate passes resolution to limit President Trump's war powers in Iran

The US Senate passed a resolution seeking to limit President Donald Trump’s war powers in Iran, with senators voting 50-47 to advance the measure. Four Republicans — Susan Collins, Lisa Murkowski, Rand Paul and Bill Cassidy — joined most Democrats in supporting the resolution.

The Economic Times

At White House briefing, Vance says Iran war won't be 'forever'

US Vice President JD Vance defended President Donald Trump’s Iran policy during a White House briefing, assuring Americans the conflict would not become a “forever war.” Vance said the US would “take care of business and come home,” despite his long-standing opposition to prolonged foreign military involvement.

The Economic Times

Will end war 'very quickly' as Iran wants to make deal 'so badly': US President Trump says 'oil prices to plummet'

US President Donald Trump said Iran wanted a deal “so badly” and claimed the conflict would end “very quickly,” while also predicting global oil prices would fall sharply due to ample supply. His remarks came as the US Senate passed a resolution seeking to limit Trump’s war powers in Iran.

The Economic Times

Iran 'very confident' about World Cup protocols: federation vice-president

ANTALYA (TURKEY) - The Iranian football federation vice-president said Tuesday he was "very confident" in FIFA's protocols as the team prepare to play at the World Cup in the United States.

Bangkok Post

Trump says Iran war will end ‘very quickly’

IN FULL

The Independent UK

Treasury pushes supermarkets to limit food prices amid Iran war fears

IN FULL

The Independent UK

UK help in Strait of Hormuz ‘appreciated at appropriate time’ – US commander

Admiral Brad Cooper tells Congress there have been talks at a military level over a planned European-led defensive mission

Evening Standard

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International Business Times UK

Senate Defies Trump: Four Republicans Back Push to Block Future Iran Strikes and Halt Conflict

The US Senate advances a resolution to limit President Trump's military actions against Iran, highlighting bipartisan concerns over executive power in military decisions.

The Independent UK

Senate advances measure to end Iran war as Bill Cassidy flips vote

Since President Trump ordered an attack on Iran at the end of February, Democrats have repeatedly forced votes on war powers resolutions

The Guardian - US

US Senate votes to advance resolution to curb Trump’s Iran war powers

Chamber advances bill for first time as four Republicans join all but one of Senate’s Democrats in favor

AAP

Oregon voters decide whether to boost their gas tax as Iran war causes prices at the pump to soar

Oregon voters are facing a familiar theme on their primary ballot: well-financed Democratic incumbents looking to slide past little-known challengers while Republicans attempt to nominate candidates who could put up a fight in November in a heavily blue state

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Roll Call

Massie ousted in Kentucky primary by Trump-backed challenger

Donald Trump scored a political win in eastern Kentucky on Tuesday, with his chosen candidate vanquishing Rep. Thomas Massie, a fiscal hawk with a libertarian streak who has publicly sparred with the president on spending bills, the war in Iran and the release of records related to the convicted late…

France 24

'Huge mismatch' between Iran, US and Gulf States' expectations, analyst says

Speaking with FRANCE 24's Sharon Gaffney, H. A. Hellyer, Senior Associate Fellow at the Royal United Services Institute for Defence and Security Studies in London, says that "there is a very huge mismatch not just between the expectations of the Iranians and the Americans, but also among Gulf Arab states…

The Independent UK

Treasury urges supermarkets to cap food prices to alleviate cost-of-living crisis

Chancellor fears Iran war will push up bills even further for struggling households but supermarket bosses brand plan ‘desperate’

France 24

Multilateralism at work: Eurogroup chief on G7 meeting, Europe's priorities and challenges

G7 finance ministers and central bankers have wrapped up their two-day meetings in Paris as the war in Iran and the energy crisis continue to weigh on the global economy. Eurogroup President Kyriakos Pierrakakis, who represented the 21-member euro area in the talks, told FRANCE 24's François Picard and Yuka…

AAP

Wall St ends lower as inflation worries push up yields

US stocks closed lower after yields climbed to their highest level in more than a year on mounting inflation concerns.

International Business Times

Pentagon Makes Deal With Shield AI For Cheap Drone Program Amid Iran War

The Pentagon has tapped Shield AI to integrate its software into a new one-way attack drone program designed to give U.S. forces cheaper weapons in larger numbers as the Iran war and other modern conflicts accelerate demand for unmanned systems.

The Economic Times

US stocks today: US stocks slip as inflation worries push Treasury yields higher

Wall Street closed lower as rising U.S. Treasury yields and persistent inflation fears pressured equities, with the Nasdaq leading losses. Elevated oil prices amid Iran tensions and uncertainty over Federal Reserve policy weighed on sentiment, while investors stayed cautious ahead of Nvidia earnings, seen as critical for sustaining AI-driven market…

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