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The Latest Breaking News from Iran

Under US law, Trump faces an impending deadline to end the Iran war. What happens if he ignores it?

US President Donald Trump is quickly approaching a deadline to wrap up his war against Iran – or he’ll be in breach of US law.

The Conversation

Trump claims King ‘agrees with me’ that Iran should never have nuclear weapons

The US President made the remark as he toasted Charles III during a lavish White House state dinner on Tuesday evening

Evening Standard

Inflation jumps to 4.6% in Australia as Iran war fuel shock begins to bite

Financial markets are betting the Reserve Bank will hike interest rates for a third straight meeting next Tuesday

The Guardian - AU

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Trump’s US ratings are near a record low after dropping further last week

US President Donald Trump’s net approval is near a record low after a further dip, despite a surging US stock market. In Australia, there are federal Essential and Morgan polls and a Queensland Resolve poll.

The Conversation

United Arab Emirates will leave OPEC in a blow to the oil cartel

The United Arab Emirates will leave OPEC effective Friday, stripping the oil cartel of its third-largest producer and further weakening its leverage over global oil supplies and prices

The Independent UK

Hundreds stuck in long lines as Pakistan Super League ticket snag slows return of spectators

Fans had to wait a month to watch Pakistan Super League games in person after the Twenty20 cricket tournament was impacted by the Iran war

The Independent UK

UK faces £35bn hit and risk of recession this year over impact of Iran war, thinktank warns

Niesr says even under best-case scenario, economy would grow at slower pace in 2026 and 2027 because of conflict

The Guardian - UK

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Middle East energy crisis could wipe £35bn off UK economy – even in best-case scenario, think tank warns

Impact of Donald Trump’s Iran war a ‘serious blow’ to Keir Starmer’s economic hopes

The Independent UK

Iranian ambassador summoned to Foreign Office over embassy’s ‘unacceptable’ social media post

Seyed Ali Mousavi was called in by Middle East minister Hamish Falconer over an online message reportedly recruiting expats to become martyrs

The Independent UK

'They can’t block the sky': Inside an ingenious satellite TV hack bypassing Iran’s internet blackout — when the web goes dark, activists are smuggling gigabytes of data through ordinary television signals to keep the Iranian people connected to the world

During Iran’s internet shutdown, Toosheh used satellite TV signals to deliver data, bypassing restrictions and maintaining access to vital information.

TechRadar

US military says it boarded cargo ship suspected of heading to Iran during blockade but released it

The U.S. military has boarded another commercial vessel during its blockade of Iran’s ports, but unlike in previous cases, the ship was ultimately allowed to carry on its way

The Independent UK

What UAE's Shock OPEC Exit After Nearly Six Decades Means for Oil Prices and the World

The UAE's decision to leave OPEC by May 2026 signals a major shift in global oil markets, influenced by geopolitical tensions and strategic national interests.

International Business Times UK

US military boards commercial ship suspected of attempting to evade Iran blockade

US Marines boarded a commercial vessel suspected of heading to Iran before releasing it after inspection, as Washington enforces its blockade and redirects ships in the Strait of Hormuz.

Euronews

Iran War Pushes U.S. Gas Prices To Highest Level Since the Conflict Began as Strait of Hormuz Remains Closed

Gas prices were near $4.18 a gallon on Tuesday, up $1.19 since late February, when the U.S. and Israel attacked Iran.

Latin Times

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International Business Times

Trump Slams German Chancellor Merz Over Claim That Iran Is 'Humiliating' U.S. In Negotiations

President Donald Trump slammed German Chancellor Friedrich Merz over his claim that Iran is "humiliating" the U.S. in negotiations to end the war.

AAP

Banks to reveal how Iran conflict has affected earnings

Investors will be watching the banks' provisions for bad debts when ANZ, NAB and Westpac report their half-year earnings in the coming days.

International Business Times

Iran War Pushes U.S. Gas Prices To Highest Level Since War Began as Strait of Hormuz Remains Closed

Gas prices were near $4.18 a gallon on Tuesday, up $1.19 since late February, when the U.S. and Israel attacked Iran.

International Business Times

UAE Quits OPEC Effective May 1: 10 Key Facts on Shocking Exit

The United Arab Emirates announced Tuesday it will leave both OPEC and the broader OPEC+ alliance effective May 1, delivering a major blow to the oil producers' group and its de facto leader Saudi Arabia amid the ongoing Iran conflict that has severely disrupted Gulf energy exports.

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International Business Times

War With U.S. And Israel Pushes Millions Of Iranians Toward Unemployment As Economy Tanks

While sanctions and inflation already battered the Iranian economy before the war with the United States and Israel, the conflict has pushed millions of Iranians closer to unemployment and poverty, according to a new report.

Barchart

Tighter Global Oil Supplies Underpin Crude Prices

June WTI crude oil (CLM26 ) on Tuesday closed up +3.56 (+3.69%), and June RBOB gasoline (RBM26 ) closed up +0.0623 (+1.85%). Crude oil and gasoline prices rallied sharply for a second day on Tuesday, with crude oil posting a 2-week high, and gasoline posting a 3.75-year high. Crude prices...

The Independent UK

Decision by the UAE to leave OPEC shakes up alliance that influences oil prices worldwide

The decision by the United Arab Emirates to leave the OPEC oil cartel shook up the 65-year-old alliance that produces some 40% of the world’s crude oil and exerts major influence over the price of energy around the globe

The Mary Sue

Putin just handed Iran a lifeline after Trump’s ‘all the cards’ bluff backfired in the Strait of Hormuz

Russian President Vladimir Putin just threw Iran a diplomatic lifeline as tensions in the Strait of Hormuz threaten to reignite full-scale conflict. During a high-profile meeting in Russia, Putin praised Iran’s “courage” and pledged unwavering support, signaling Moscow’s growing role in shaping the outcome of the standoff. The move comes…

The Guardian - UK

How the UAE’s decision to leave Opec could recast the Middle East

Defection is damaging to Saudi Arabia’s prestige – and could strengthen the US hand in the region

International Business Times UK

US Petrol Prices Hit Four-Year High? Reports Claim Gridlock Over Reopening of Strait of Hormuz Sent Cost to $4.18 a Gallon

US petrol prices have surged to a four-year high due to geopolitical tensions over the Strait of Hormuz, affecting global oil supply and consumer costs.

Reason

War Hawks' 'Credibility' Obsession Makes America Less Credible

Trump is making the same mistakes Nixon did, doubling down on pointless threats to save face.

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