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The Latest Breaking News from Iran

The battle for Hormuz risks sparking the next Iran clash

Iran is now controlling passage through the Strait of Hormuz. This new arrangement could continue even after the current conflict ends. Gulf exporters and buyers are uneasy about Iran dictating oil and gas flows. The United States opposes this shift in control. The future of the Gulf hinges on who…

The Economic Times

Shipping industry fears fuel shortages that could drive up prices worldwide

Global shipping companies are bracing for fuel shortages and rising costs as the Iran war disrupts supplies of bunker fuel through the Strait of Hormuz.

Euronews

Trump tears into enemies and grievances from Obama to ‘stolen’ election in late night Truth Social spree

President Donald Trump posts more than 50 times, rehashing a host of long-running grievances and baseless conspiracy theories about his Democratic rivals

The Independent UK

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Iran war briefing: Trump considers further strikes with ceasefire ‘on the brink’

IN FULL

The Independent UK

Japan's Calbee potato chip bags turn black-and-white due to Iran war ink shortage

Japanese snack maker Calbee is temporarily switching 14 popular products to black-and-white packaging starting May 25 due to concerns over supply disruptions. This move aims to ensure stable shipments of raw materials like naphtha, which is largely imported from the Middle East and used in printing ink.

The Economic Times

Tehran threatens to accelerate nuclear weapon programme after Trump rejects ‘garbage’ peace proposal response

Iran has said the US demands to end the war are unacceptable, with diplomatic efforts reaching a deadlock

The Independent UK

What Trump and Xi will discuss during China visit – and what could go wrong

Analysts tell Shweta Sharma that Xi appears to have the upper hand on trade, Iran and Taiwan, but Trump still has plenty to gain from talks in Beijing

The Independent UK

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Greggs raises prices of meal deals again and cautions over Iran war cost hit

The boss of Greggs said its breakfast and lunch deals had gone up in price.

The Independent UK

Greggs ups prices of meal deals again and cautions over Iran war cost hit

Greggs’ breakfast and lunch deals have gone up in price

Evening Standard

US ambassador to Israel says Israel sent Iron Dome batteries, personnel to UAE to defend country

Israel has sent Iron Dome anti-missile batteries and personnel to the United Arab Emirates to defend the country during the Iran war

The Independent UK

Why are oil prices up today, and will Brent crude futures and US WTI rates rise sharply in near future? Oil rises as supply fears return

Why are oil prices up today, and will Brent crude futures and US WTI rates rise sharply in near future? Oil prices increased as hopes for a peace deal faded and supply fears returned. The Strait of Hormuz risk, lower OPEC output, falling US crude stocks, and US-China tensions pushed…

The Economic Times

A second wave of Iran energy shocks is about to hit Asia and the wider world. Why aren’t markets reacting?

“The market has been complacent,” Chen Chien-Ming, an associate professor at NTU, says, blaming investors' "wishful thinking that the war will soon end.”

Fortune

US Treasury enlists banks to target Iranian money laundering schemes

The US Treasury has directed banks to intensify their monitoring of Iranian money laundering networks that enable funds from sanctioned oil. The move is part of the wider strategy to pressure Iran into a deal as negotiations stall.

Euronews

‘There’s too much risk’: Britons on changing holiday plans amid Iran war

Prospect of flight cancellations and petrol shortages prompt people to switch from air and road to rail and bus

The Guardian - UK

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International Business Times UK

Who Was Erfan Shakourzadeh? The Elite Engineer Iran Executed After He Refused to Leave His Country

Iran executed aerospace engineer Erfan Shakourzadeh, 29, on espionage charges after he endured months of torture and solitary confinement to extract a forced confession.

The Economic Times

Bitcoin slips below $81K after Trump rejects Iran peace proposal; institutional investors continue accumulating BTC

Bitcoin slipped below $81,000 after briefly crossing $82,000 as geopolitical tensions rose following US President Donald Trump’s rejection of Iran’s peace proposal. Despite volatility, BTC held key support, while institutional buying and ETF inflows signalled steady demand. Altcoins were mixed, with select tokens gaining while others declined.

The Independent UK

Shipping industry fears fuel shortages as Iran war squeezes bunker fuel supply

The global maritime industry is facing a looming shortage of the fuel that powers ships as the Iran war chokes off a key shipping lane in the Strait of Hormuz

The Independent UK

Greggs issues warning despite new menu helping to boost sales

Greggs said it was monitoring the situation in the Middle East amid rising energy costs

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The Independent UK

UK faces biggest fall in consumer confidence since start of Ukraine war, research suggests

PwC warned the drop in confidence would only get worse as energy and food costs are set to skyrocket

The Guardian - UK

Cost of US war on Iran mounting – as it happened

Pete Hegseth and other officials appear before House to face grilling on Iran war expenditure and military operations

The Independent UK

The best cash ISAs and savings accounts paying the highest interest rates in May

War in Iran has ‘upended interest rate expectations’

The Economic Times

Uday Kotak puts India's troubles in perspective as the economy swings between hope and despair in the wake of Iran war

CII Annual Summit: Uday Kotak issued a rallying cry for India to gear up for looming global challenges. He stressed upon the importance of a proactive stance rather than a wait-and-see approach for India to successfully navigate the current global turmoil.

Euronews

Iranian chief negotiator says US must accept peace proposal or face 'failure'

Iran has refused to back down in its war with Washington, with military officials warning they are prepared to respond to any renewed US attack.

The Economic Times

Iran war creates new must-have for summer holidays: The plan B

Travellers are changing holiday plans. Shorter trips in Europe are becoming popular. Rising airfares and conflict are causing concern. Many are booking later and choosing flexible options. Airlines face higher fuel costs. Demand for travel remains strong but destinations are shifting. Safe-haven locations are in demand. Rail travel is also…

The Guardian - AU

Iran war oil shortage forces Japan snack giant to use black-and-white packaging

Calbee to switch its brightly coloured packaging to black and white because war has disrupted supply of certain raw materials used in ink

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