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The Latest Breaking News from Iran

Europe’s household energy prices surge after Iran war: Which capitals were hit hardest?

Household gas prices rose across EU capitals between early February and early April, reflecting the impact of Middle East tensions. However, electricity prices fell on average, highlighting diverging trends in Europe’s energy markets.

Euronews

With Chabahar Port in limbo, can India still reach Central Asia and Russia?

India's crucial trade route to Russia and Central Asia is at a critical juncture. US sanctions on Iran's Chabahar port create uncertainty for India's role. India is exploring options to maintain its presence. This development impacts the International North-South Transport Corridor. Analysts believe the corridor can survive but India's influence…

The Economic Times

Rupee hits record low of 95.85/USD as energy risk worries deepen

The Indian rupee reached an all-time low on Thursday, driven by elevated oil prices and continuous foreign portfolio outflows. This has created strain on India's current and capital accounts, with the currency particularly vulnerable due to its heavy reliance on oil imports, especially if the Iran conflict persists.

The Economic Times

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Silver slides Rs 3,300/kg, gold drops Rs 1,600/10g as Trump-Xi talks in spotlight amid Iran war; key levels to watch

Gold and silver prices opened sharply lower on MCX Thursday as markets tracked ongoing Trump-Xi talks and developments in the Iran conflict. MCX silver futures for July 2026 fell Rs 3,359, or 1.1%, to Rs 2,96,879 per kg, while June 2026 gold futures dropped Rs 1,159, or 0.7%, to Rs…

The Economic Times

Sensex surges over 800 points to cross 75,400; Nifty above 23,650 despite weak rupee

In a recent turn of fortunes, Indian stock markets experienced a notable rise for the second consecutive day. On Thursday, both the Sensex and Nifty indices surged as trading commenced, despite soaring oil prices and the rupee inching closer to all-time lows. Bharti Airtel's stock was a standout performer, propelling…

The Economic Times

US to persuade China to play 'more active role' in resolving Iran war crisis during Trump-Xi talks: Rubio

US Secretary of State Marco Rubio said Washington wants China to play a bigger role in helping resolve the Iran war crisis during talks between US President Donald Trump and Chinese President Xi Jinping in Beijing.

The Economic Times

Iran-US war latest: Rubio warns president Trump won’t be pressured into ‘bad deal’ as Israel and Lebanon trade blows

‘We’re not going to let Iran use that [the US economy] as leverage,’ Rubio insisted

The Independent UK

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Xi warns Trump of ‘clashes and even conflicts’ with US over Taiwan

Trump says China’s president also pledged ‘strongly’ not to send weapons to Iran, after two-hour meeting between the leaders

The Guardian - UK

US, China will have 'a fantastic future together', Trump tells Xi at Beijing meeting

Chinese President Xi Jinping and US President Donald Trump met in Beijing. The leaders engaged in high-level discussions. Topics included trade, Taiwan, and Iran. The meeting featured ceremonial pageantry. Both sides are expected to discuss economic cooperation and potential trade agreements. The visit aims to advance economic outcomes for the…

The Economic Times

Oil Price Today (May 14): Crude oil above $105 per barrel. Here’s why Trump-Xi meeting is important for Strait of Hormuz

Oil prices edged higher as investors awaited talks between U.S. President Trump and Chinese President Xi Jinping, focusing on economic gains and geopolitical issues like the Iran war. Despite concerns over interest rate hikes, crude futures saw slight increases, with analysts warning of potential price surges if the Strait of…

The Economic Times

Trump news at a glance: president says not letting Iran have nuclear weapon ‘only thing that matters’

President’s remarks come as midterm elections looks to be defined by economic concerns sparked by the conflict. Key US politics stories from Wednesday 13 May at a glance

The Guardian - US

Quote of the day by Simone Weil: 'Petroleum is a more likely cause of international conflict than...' – French philosopher and mystic's warning on global conflict, power, energy politics and how oil drives war and the economy

Quote of the day by Simone Weil: Simone Weil's observation that petroleum is a more likely cause of international conflict than wheat highlights its critical role in modern economies and geopolitical power. The current Iran conflict demonstrates this, with disruptions in the Strait of Hormuz impacting global oil supply, driving…

The Economic Times

India-bound LPG tanker MV Sunshine crossing Strait of Hormuz; Indian Navy, agencies provide all support: Sources

The India-bound LPG tanker MV Sunshine is safely navigating the Strait of Hormuz. The Indian Navy is providing support for its secure passage. Iran's Deputy Foreign Minister stated that peace in the Strait of Hormuz would improve safety. He also mentioned that Iran welcomes any Indian initiative to reduce regional…

The Economic Times

Global Market Today: Asian stocks, US futures climb on tech optimism

Asian stocks advanced, mirroring Wall Street's record highs driven by a tech surge and strong corporate earnings. Investors are closely watching the US-China summit and geopolitical developments in Iran, while inflation concerns fuel bets on Federal Reserve rate hikes next year.

The Economic Times

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The Economic Times

Oil edges up ahead of Trump-Xi meeting in Beijing

Oil prices saw a slight increase as investors awaited the meeting between U.S. President Trump and Chinese President Xi Jinping, with the Iran war a key focus. Despite U.S. sanctions, China remains a major buyer of Iranian oil, complicating efforts to resolve the conflict.

The Economic Times

Trump wants China's help on Iran. Beijing may have other ideas

President Trump will ask President Xi for help with the Iran conflict. China is unlikely to fully comply, preferring to maintain its economic and military ties with Iran. The US has limited options to pressure China, as sanctions could lead to costly retaliation. Both nations face complex geopolitical and economic…

The Economic Times

Trump, Xi set for Beijing talks with trade truce, Iran war at stake

President Donald Trump is in Beijing for crucial talks with China's Xi Jinping. The meetings aim to boost economic ties and maintain a trade truce. Discussions will also cover the Iran war and arms sales to Taiwan. Trump seeks to open China to U.S. business. Both leaders are keen to…

The Guardian - US

‘Stone-cold racism’: Newsom condemns GOP redistricting efforts; Louisiana approves plan to erase majority-Black district – as it happened

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Evening Standard

Refusal by allies to back US in war against Iran ‘unconscionable’, says Hegseth

The White House has singled out the UK for criticism in the past over its reluctance to be drawn into the Middle East conflict

We Got This Covered

‘Sledgehammer’: The U.S. is considering renaming the Iran war to reset the congressional clock, and Trump is already meeting with generals

Round 2 seems imminent.

We Got This Covered

‘Nothing left in a military sense’: NYT report reveals how far Trump and Hegseth’s Iran victory claims strayed from reality

They painted a much rosier picture.

The Times of India

‘Entirely unfounded’: UAE denies reports of secret visit by Israel PM Netanyahu during Iran conflict

The UAE has officially denied reports of a secret visit by Israeli Prime Minister Benjamin Netanyahu or an Israeli military delegation during the recent Israel-Iran conflict. The Ministry of Foreign Affairs stated that all UAE-Israel ties are transparent under the Abraham Accords, dismissing claims of unannounced arrangements.

The Times of India

‘A platonic relationship’: Book claims French President Emmanuel Macron exchanged private messages with Iranian actress Golshifteh Farahani

A newly published French political book has sparked controversy after claiming that French President Emmanuel Macron exchanged private messages with Iranian-French actress Golshifteh Farahani as part of what the author describes as a “platonic relationship”. The allegations appear in Un Couple (Presque) Parfait (“An Almost Perfect Couple”), written by journalist…

International Business Times UK

MAGA Fury As Donald Trump Declares 'I Don't Think About Anybody' During Iran War

US President Donald Trump faces criticism from conservative voices over his Iran policy, raising concerns about his commitment to 'America First' principles and exposing divisions within the Republican Party.

The Independent UK

‘Terrified’ family of British couple jailed in Iran can’t get in contact with them

The couple, from East Sussex, are currently held in Tehran’s Evin prison

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