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The Latest Breaking News from Iran

Emma Ashford discusses Trump’s incoherent Iran strategy, the failures of post–Cold War foreign policy, and why a multipolar world limits American power.

Reason

Will Qantas and Virgin continue raising fares and cutting routes? This graph may give the answer

Price of jet fuel has climbed by 125% since start of Iran war – giving Qantas and Virgin a big challenge as fuel accounts for a fifth of expenses

The Guardian - AU

Reeves: Trump’s Iran war is a mistake and has not made the world safer

The chancellor’s comments come a day after she described the war as a ‘folly’

The Independent UK

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Chevron Executive Says Americans Should 'Drive Less' And 'Conserve Energy' As Gas Prices Remain High

Chevron executive Andy Walz said Americans should "try to drive less" and "conserve energy" as gas prices remain high as a result of the war in Iran and the blockade of the Strait of Hormuz.

International Business Times

Dollar Little Changed Awaiting News on US-Iran Peace Talks

The dollar index (DXY00 ) today is up by +0.02%. The dollar is little changed today, awaiting fresh news on US-Iran peace talks. The dollar found some support today from hawkish comments from Cleveland Fed President Beth Hammack, who said her baseline is that the Fed is on hold for...

Barchart

Trump and Meloni: From close relations to a transatlantic crisis

The relationship between Trump and Meloni was typified by warm handshakes and even warmer words until the US leader did something considered by most Italians to be unthinkable: he criticised the pope.

Euronews

‘I hope Donald Trump is the Abandoner he has always been’: Bill Maher singing a different tune after cheering Trump’s Iran strikes just 6 weeks ago

He did a 180!

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Donald Trump Stuns Diplomats by Claiming Xi Jinping Will Give Him a 'Big, Fat Hug' Over Iran Deal

Donald Trump's prediction that Xi Jinping will give him a 'big, fat, hug' over his Iran and Strait of Hormuz strategy collides with Beijing's silence and its public focus on shoring up ties with Moscow.

International Business Times UK

U.S. and Iran inch toward framework deal to end war, U.S. officials say

If a framework is reached, the ceasefire would need to be extended to negotiate the details of a comprehensive deal.

Axios

Stocks Supported by US-Iran Peace Optimism

The S&P 500 Index ($SPX ) (SPY ) today is up +0.10%, the Dow Jones Industrial Average ($DOWI ) (DIA ) is down -0.21%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) is up +0.15%. June E-mini S&P futures (ESM26 ) are up +0.16%, and June E-mini Nasdaq futures...

Barchart

Pope doubles down on message of peace and unity as Trump's criticism continues

Pope Leo XIV is again emphasizing the need for peace and dialogue despite criticism from U.S. President Donald Trump

The Independent UK

Reeves warns impact of Iran war on economy will persist once hostilities end

The Chancellor and international counterparts said the conflict had caused ‘unacceptable loss of life’ and ‘significant’ economic turmoil.

Evening Standard

UN nuclear chief urges checks of Iran's programme in potential deal to end war

Tehran has not allowed the IAEA access to its nuclear facilities bombed by Israel and the US during a 12-day conflict in June, according to a confidential IAEA report.

Euronews

US sends 10,000 more troops to Middle East as Iran ceasefire deadline nears- report

Over 10,000 additional US troops are deploying to the Middle East this month, including personnel aboard the USS George HW Bush and the Boxer Amphibious Ready Group. This build-up coincides with the potential end of a two-week ceasefire with Iran, as planning for ground operations, including securing enriched uranium, is…

The Times of India

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The Conversation

China’s Africa strategy is shifting and Iran conflict will speed it up

The global geoeconomic volatility wrought by the second Donald Trump US presidency and hostilities in the Middle East make the shift in China’s Africa strategy even more important for China and for Africa.

The Guardian - UK

Even the neocons have turned against wars in the Middle East

Millions have died as a result of disastrous US-led military adventurism. But there have been no consequences for those who championed it for so long, says Guardian columnist Owen Jones

International Business Times

U.S. And Iran Reportedly Move Towards Extending Ceasefire But Disagreements Remain Over Uranium Enrichment

The U.S. and Iran are moving towards extending the ceasefire, but have not reached a deal yet and disagreements persist over Tehran's intention to continue enriching uranium.

The Independent UK

House Democrats file 6 impeachment articles against Hegseth, accusing him of ‘abuse of office’

Democrats are targeting Hegseth after the ousting of Kristi Noem as Homeland Security Secretary and Pam Bondi as Attorney General

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The Guardian - UK

Economic shock from Iran war risks driving up global debt levels, says IMF

Conflict is pushing up price of energy and food, fuelling higher borrowing costs and hitting growth, report says

The Independent UK

Trump says the ‘world would be torn to pieces’ if he wasn’t president days after posting AI-picture of himself as Jesus

The president also insinuated that a peace deal with Iran could soon be reached, even after the first round of talks collapsed

Radio France Internationale

Iranian citizen held in France returns to Tehran after French nationals' release

Iranian national Mahdieh Esfandiari, who was held in France for over a year, has returned home, Iranian state television reported Wednesday, a week after Tehran released two French citizens.

The Independent UK

Boost for buyers as Santander becomes first major lender to cut mortgage rates since Iran war

Mortgage experts say the reductions are a good sign, though it’s still unclear when cheaper mortgages will return

The Independent UK

Kuwait urged to release journalist ‘detained for sharing Iran war video on social media’

The Committee for the Protection of Journalists says Eldin may have been charged with ‘spreading false information’

Euronews

Norway’s crude oil exports up 68% in March due to Iran war

Norway’s oil exports jumped significantly in March, pushing revenues to multi-year highs as disruptions from the Iran war and the closure of the Strait of Hormuz drove up prices.

International Business Times

House Democrats Reportedly Set To Introduce Five Articles Of Impeachment Against Pete Hegseth

House Democrats are set to introduce five articles of impeachment against Defense Secretary Pete Hegseth, according to a new report.

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