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The Latest Breaking News from Iran

Trump tightens US naval blockade as Iranian rial collapses to record low

The latest drop follows a currency shock several months ago, when the rial fell from around 1.4 million to 1.6 million per US dollar in under a week, as the war moves turns into an economic clash to exhaust the Iranian regime' options.

Euronews

Bank of England holds rates as Iran war sends oil prices to new highs

The Bank joins the Fed and Bank of Japan in sitting tight, as war in the Middle East drives oil prices higher and blows the spring rate-cut playbook apart.

Euronews

UK interest rates held – but Bank of England warns inflation could surge above 6%

The bank rate has been held at this level since 22 December 2025

The Independent UK

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Tucker Carlson accuses Trump of failing the country: ‘You’d rather run the world’

The former Trump ally-turned-critic claimed the president did not care about everyday Americans and his war on Iran “hasn’t worked”

The Independent UK

Bank of England warns ‘higher inflation unavoidable’ after holding interest rates

Governor says decision to keep rates at 3.75% reasonable given unpredictability of events unfolding in Middle East

The Guardian - UK

Iran's supreme leader says it will protect its 'nuclear and missile capabilities'

Iran’s supreme leader says the country will protect its nuclear and missile capabilities as national assets

The Independent UK

Six US Service Members Killed in Kuwait After Hegseth Allegedly Overrode Warnings of Active Drone Threats

Six US Army Reserve soldiers died in a suspected Iranian drone attack in Kuwait, raising questions about force protection failures. Survivors and lawmakers demand accountability amid ongoing investigations.

International Business Times UK

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Global investors are shrugging off Iran worries and returning to markets in Asia, the 'backbone of the whole AI value chain'

The AI boom is lifting markets across East Asia, yet energy concerns are causing Southeast Asia to lag behind.

Fortune

Eurozone inflation soars to 3% as Iran war drives up energy prices

ECB keeps interest rates on hold as growth stumbles and price rises gather pace, up from 2.6% in March and 1.9% in February

The Guardian - UK

Stocks Rise Before the Open as Investors Weigh Big Tech Earnings, Iran War News

June S&P 500 E-Mini futures (ESM26) are up +0.15%, and June Nasdaq 100 E-Mini futures (NQM26) are up +0.22% this morning as investors digest earnings reports from big U.S. tech companies and the latest developments in the Iran war.

Barchart

Trump elevates QAnon conspiracy theory in late-night Truth Social post

President Donald Trump posts reminder of the claim that the ‘shadowy cabal that runs the world’ will be overthrown

The Independent UK

With no end in sight, Trump considers new options in Iran war—including the ‘Dark Eagle’ hypersonic missile

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

Fortune

Eurozone inflation hits 3% as oil prices spike and economic growth slows

Soaring oil prices linked to the Iran war pushed inflation higher in the euro area in April, while growth continued to underperform — a worrying combination for both consumers and policymakers at the European Central Bank.

Euronews

New video shows accused gunman trying to storm White House press dinner as gunfire erupts – as it happened

This live blog is now closed.

The Guardian - US

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The Independent UK

How Iran’s mosquito fleet is skirting Trump’s Strait of Hormuz blockade

Iranian ‘fast attack ships’ reduce the need for a traditional navy to control the vital waterway

The Independent UK

Cost of Iran oil crisis on millions of UK drivers reaches ‘unwelcome milestone’

New analysis shows motorists have been paying an additional half a billion pounds for petrol and £1.5bn for diesel

The Independent UK

The moments when Hegseth lost his nerve during Congress questions on the Iran war

The war has cost $25 billion so far, according to Pentagon numbers presented to the House Armed Services Committee during the contentious hearing

Euronews

The "giant" heads home: After war missions and Maduro capture, a record return

The world’s largest aircraft carrier is set to return to the US after completing missions that included operations in the Iran war and the US mission in Venezuela that saw the capture of Nicolas Maduro.

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news in one place.

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The Independent UK

Inflation hits 3% in Europe as Iran war spreads oil price shock

Soaring oil prices from the Iran war pushed inflation higher to 3% in Europe in April

GOBankingRates

I Asked Investing Experts Where To Put My Money During the Iran War: Here’s What They Said

From Magnificent 7 stocks and shipping exchange-traded funds to Treasurys and gold, see where experts suggest investing amid Iran war market uncertainty.

The Guardian - UK

Air France-KLM cuts capacity growth forecast amid expected $2.4bn fuel bill rise

Move comes as airline industry reacts to uncertainty over Iran war and increase in price of Brent crude

Euronews

French growth stalls as Iran war energy shock hits economy

France's first-quarter data shows slowed growth, rising prices and collapsing exports, laying bare how quickly the Iran war's energy shock is feeding through to Europe's second-largest economy.

Euronews

Oil temporarily hits $126 wartime high as US–Iran standoff fuels supply fears

Oil markets face upward pressure on Thursday, with Brent crude briefly touching $126 as markets price in tensions in the negotiations between the US and Iran.

The Guardian - UK

Trump launches fresh attack on Merz after threatening US troop reduction in Germany – as it happened

US president uses social media post to criticise chancellor over Ukraine, immigration and ‘interfering’ in Iran conflict

The Independent UK

Trump says Iran will ‘have to cry uncle’ to open ‘genius’ blockade of Strait of Hormuz

President Trump told reporters on Wednesday (29 April) that Iran “will have to cry uncle” to reopen the blockade of Strait of Hormuz.

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