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The Latest Breaking News from Iran

Passenger numbers at Dubai airport fall 66 per cent amid Iran war

IN FULL

The Independent UK

Donald Trump informs bored schoolkids they’d all be dead right now if he hadn’t attacked Iran

Who can blame them for yawning?

We Got This Covered

Trump recognises the ‘weaponisation’ of trade, former EU top diplomat Catherine Ashton says

Hours before negotiations in Brussels to get the EU-US trade deal over the line, the EU's former top diplomat and trade commissioner Catherine Ashton tells Euronews that Trump sees trade as a "weaponisation".

Euronews

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Nasdaq Futures Rally on Upbeat AMD Earnings and U.S.-Iran Peace Deal Optimism

June Nasdaq 100 E-Mini futures (NQM26) are trending up +1.61% this morning as optimism that the U.S. and Iran are close to a peace agreement, along with upbeat quarterly results and guidance from Advanced Micro Devices, boosted sentiment.

Barchart

US and Iran ‘near peace deal’ to end nuclear standoff and lift sanctions

The U.S. and Iran are reportedly nearing a peace agreement regarding the conflict in the Middle East, according to a Pakistani source involved in the efforts and an Axios report. A potential deal would require both sides to lift restrictions around the Strait of Hormuz. Iran would commit to a…

The Independent UK

Pope accuses Trump of untruths over Iran nuclear programme

IN FULL

The Independent UK

14 points and one-page memo: US and Iran 'closest' yet to ending Middle East war, says report

The United States believes it is close to reaching an agreement with Iran on a one-page memorandum of understanding aimed at ending the war and establishing a framework for more detailed nuclear negotiations, Axios reported on Wednesday.

The Times of India

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Urgent warning Iran war could spark job losses across Britain

IN FULL

The Independent UK

Dubai airport passenger numbers plummeted 66 per cent after outbreak of Iran-US war

The aviation hub says it is continuing to recover by ramping up daily flights

The Independent UK

Trump’s 48 hours of chaos on Iran: Project Freedom paused and Operation Epic Fury declared ‘over’

In a surprising climbdown, US president said he was pausing his new initiative to save stranded vessels in the Strait of Hormuz

The Independent UK

The war with Iran is ‘over’ but the jet fuel crisis is about to begin

Everything you need to know before you reach the office this morning.

Fortune

Marco Rubio confirms new US goal for Iran is to try to return it ‘back to the way it was’ before Trump’s failed war

One of the most humiliating moments in American military history!

We Got This Covered

Pope Leo hits back at Trump over claim he is ‘endangering Catholics’

The pontiff and the US president have repeatedly clashed over the war in Iran

The Independent UK

Exclusive: U.S. and Iran closing in on one-page memo to end war, officials say

Nothing has been agreed, but sources say this is the closest the parties have come to an agreement.

Axios

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The Guardian - UK

Proxies carrying out antisemitic attacks in UK could face 14 years in prison

Plans to be included in king’s speech will allow tougher action against proxies for foreign powers such as Iran

The Independent UK

Next updates its predicted cost of the Iran war to £47million

IN FULL

Euronews

Iran's Revolutionary Guard says passage through Strait of Hormuz will be ensured

Earlier on Wednesday, Trump said the US would pause its mission to escort commercial ships through the Strait of Hormuz barely two days after it began doing so, citing a desire to reach a peace deal.

Evening Standard

Iran war could cause job losses in Britain, minister warns

Pat McFadden said the impact of the continued closure of the Strait of Hormuz could feed through to the UK labour market.

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Euronews

European stocks rally, oil falls on hopes of US-Iran breakthrough

Some of Europe’s leading stock indices climbed more than 3% on Wednesday, while oil prices retreated as hopes for a diplomatic breakthrough in the Iran conflict boosted market sentiment.

The Independent UK

Iran war briefing: Trump pauses ‘Project Freedom’ after just two days

US president Donald Trump has announced he will pause his ‘Project Freedom’ plan to escort ships through the Strait of Hormuz, citing “great progress” toward a deal to end the war with Iran. Iranian president Masoud Pezeshkian said the US is pursuing “a policy of maximum pressure” while also expecting…

The Guardian - UK

Oil and gas prices fall sharply, driven by hopes of strait of Hormuz reopening – as it happened

Iran’s Islamic Revolutionary Guard Corps navy has announced the strait of Hormuz could reopen following the end of ‘threats from aggressors’

Euronews

EU squares up Trump’s tariff threat

As tensions flare between Russia and Ukraine over competing ceasefires, and the Iran war shows no signs of ending, politicians in Brussels will spend Wednesday searching for a way to thrash out the final details of the EU-US trade agreement, lest they suffer more import levy threats from Trump.

Fortune

The Iran war's oil shock causes a plastic shortage in Asia, squeezing industries and prompting a 'Middle East plus one' rethink of supply chains

South Korea is probing firms suspected of hoarding syringes, which, alongside products like needles and gloves, are produced from petrochemicals.

Evening Standard

Next to hike prices overseas as it faces higher Iran war cost hit

The fashion and homewares chain increased its estimated cost of the Middle East conflict to £47 million from the £15 million guidance given in March.

The Independent UK

Retailer Next warns of clothing and homeware price hikes as costs increase due to Iran war

Brand increased its estimated cost of Middle East conflict to £47 million - up from predicted £15 million

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