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The Latest Breaking News from Iran

Oil prices continue to fall as optimism around Iran deal grows

Financial markets are buoyed by Iran's announcement that it is reviewing the latest U.S. proposals

The Independent UK

DOJ Investigates $2.6 Billion In Oil Trades Linked to Iran Conflict Timing: Report

The Department of Justice and the Commodity Futures Trading Commission are reviewing whether the timing of the trades reflects unusual market behavior or potential misuse of nonpublic information.

International Business Times

US and Iran close to temporary truce, Pakistani officials claim

Latest briefings float hope of basic deal that would keep peace and free shipping while further negotiations continue

The Guardian - UK

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Iran war has shown the limits of US power

In his 1873 book On War, the great Prussian military strategist Carl von Clausewitz wrote that: “War is the realm of uncertainty.” He would have been at home in Washington this week where Clausewitz’s “fog of war” appears to have descended on the White House, at times obscuring reality.

The Conversation

Grain Market Update: Are Iran Ceasefire Rumors Creating a Commodity Trap

Darin Newsom suggests that recent commodity market declines are driven by speculative liquidation and false headlines regarding a ceasefire in Iran, though he anticipates a rally next week fueled by renewed geopolitical tensions and optimism surrounding the upcoming China Summit.

Barchart

Iran mocks Trump’s ‘Project Freedom’ as adversaries wrestle over talks to end war

President indicated that deal had materialised, but truth was that Saudi Arabia had stopped US use of its bases

The Guardian - UK

Pope and Rubio commit to foster good relations after Trump spat over Iran war

The diplomat’s bid to repair relations was complicated after the US president renewed his criticism of the Catholic leader.

Evening Standard

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What the jet fuel crisis means for your summer flights and travel plans

For many residents in the Northern Hemisphere, the advent of the summer season has always signalled travel. Travel with family, travel with friends, adventure travel, sightseeing travel, travel by automobile, travel by train, travel by air.

The Conversation

DOJ investigating $2.6 billion worth of oil bets placed just before Trump’s Iran war announcements, report says

Minutes before Donald Trump said he would delay an attack on Iran in March, traders bet more than $500 million oil prices would fall

The Independent UK

Trump shelved ‘Project Freedom’ after Saudis refused use of bases and airspace

Riyadh told White House it would deny access for operation to provide tankers military escort through strait of Hormuz

The Guardian - UK

Marco Rubio's Vatican Visit Draws European Praise as Trump-Pope Tensions Deepen

Secretary of State Marco Rubio received rare positive attention in Europe after meeting with Pope Leo XIV at the Vatican on Thursday, a high-profile visit that came as tensions between President Donald Trump and the first American-born pope continue to grow over immigration and the war involving Iran.

Latin Times

Blue chips falter amid wait for Middle East deal

The oil price fell back amid continued hopes for a peace deal between the US and Iran.

Evening Standard

Donald Trump Slammed As 'Moron' For Promoting UFC Event Amid Rising Domestic Costs

Donald Trump announced a UFC event at the White House, sparking debate over priorities amid economic concerns. The event is part of America250 celebrations and will air on CBS and Paramount+.

International Business Times UK

Popular sportswear chain’s growth set to be stunted by Iran war

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The Independent UK

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The Independent UK

Bulletin world briefing: Iran breaks silence over health of supreme leader Khamenei

Iran gives rare update on health of new supreme leader Mojtaba Khamenei Women and children ‘with Islamic State links’ return to Australia Sixteen killed as passenger bus hits fuel tanker in Indonesia New rail service to connect Prague and Copenhagen after 10 years German tourist sues holiday company after it…

Radio France Internationale

Inside Iran’s new two-tier internet access, as blackout drags on

Iran is giving privileged internet access to a small group of approved users, while most of the population remains offline during a prolonged nationwide blackout. More than 60 days into one of the longest shutdowns in its history, authorities are moving from blanket censorship to a system that selects who…

The Independent UK

Boost for electric car market as petrol costs soar due to Iran war

The fuel savings for switching to an electric vehicle hit a new high – £960 a year

The Independent UK

Iran creates new agency to control shipping in Strait of Hormuz while reviewing peace deal with US

Iran has created a government agency to control and tax vessels passing through the Strait of Hormuz

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The Independent UK

America believes Donald Trump would win a fight with an 8-year-old boy - but just barely

However, another poll found that 66 percent of people felt the ‘average American’ could beat Trump in a dust-up

We Got This Covered

Marco Rubio says U.S. ‘insulated’ from Iran War, but Americans know the price they are paying

The shockwave has reached America’s farms.

Barchart

Crude Oil Prices Pressured by Iran Peace Hopes

June WTI crude oil (CLM26 ) today is down -3.36 (-3.53%), and June RBOB gasoline (RBM26 ) is down -0.0862 (-2.49%). Crude oil and gasoline prices are sharply lower for a second day today on optimism that a US-Iran peace deal is imminent. The markets await further updates after the...

International Business Times

Top Shipping Company CEO Warns Iran War Keeps Raising Costs, Worsening Economic Outlook

The Iran war will continue to disrupt global trade, and its impact is only likely to get worse, the CEO of a major shipping company warned.

The Conversation

How Pakistan became the primary mediator between the US and Iran

Pakistan has emerged as a central diplomatic broker in the conflict between the US and Iran. When announcing a pause to the US operation to guide stranded vessels through the Strait of Hormuz on May 6, Donald Trump said he had made the decision “based on the request of Pakistan”.

Euronews

Ukrainian negotiator in US in bid to revive talks with Russia, Zelenskyy says

US-mediated talks on ending Europe's worst conflict since World War II have shown little progress since February, when Washington shifted focus to its war with Iran.

International Business Times

AI Surge Powers Asian Stocks To Records Despite Ongoing Iran War And Oil Shock

Japan's Nikkei 225, South Korea's Kospi and Taiwan's Taiex have all reached new highs, tracking a broader global rally that has also pushed U.S. indexes such as the S&P 500 and Nasdaq Composite to record territory.

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