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The Latest Breaking News from Iran

Donald Trump just made a stunning claim about China and Iran that has intelligence officials going silent

President Donald Trump announced that China has “agreed” not to send weapons to Iran on Wednesday. China has long denied allegations of sending weapons to Iran but has still been buying sanctioned oil even during the war.

The Mary Sue

A former VP torches Donald Trump for gas prices but their old quote about the ‘price of democracy’ returns to haunt them

Kamala Harris is calling out Donald Trump for soaring gas prices, but an old quote from her own past is making the rounds again. This week, Harris posted on social media that “gas prices are too high” and blamed Trump’s “war of choice in Iran” for the pain at the…

The Mary Sue

Distrust, dishonesty and Trump's elusive Iran deal

"He doesn't want to fight anymore. But he will if he feels he has to."

Axios

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Iran peace talks hang in the balance as Trump says ceasefire extension now highly unlikely

Uncertainty hangs over a second round of peace talks in Islamabad as both sides escalate rhetoric and the Strait of Hormuz remains closed

The Independent UK

Talks on hold as Hormuz hardball threatens second round

The TOI correspondent from Washington: Prospects of a second round of talks between the United States and Iran hangs in suspense amid a fog of mistrust and misinformation after Teheran conveyed to Washington it is not ready to turn up in Islamabad in the face of what it sees as…

The Times of India

FTSE 100 falls back amid renewed US-Iran tension

XTB’s Kathleen Brooks said ‘the market mood is very different at the start of the week compared to Friday’.

Evening Standard

Trump Contradicts His Energy Secretary Over Claim That U.S. Prices May Not Dip Below $3 a Gallon This Year: 'Totally Wrong'

President Donald Trump contradicted his energy secretary, Chris Wright, over his claim that gas prices in the U.S. might not dip back below $3 a gallon this year as the war in Iran drags on and oil prices remain high.

International Business Times

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Global Supply Disruptions Lift Cocoa Prices

May ICE NY cocoa (CCK26 ) today is up +107 (+3.36%), and May ICE London cocoa #7 (CAK26 ) is up +76 (+3.18%). Cocoa prices are climbing today amid concerns over global supply disruptions, after Iran on Saturday said the Strait of Hormuz was closed to shipping following the US...

Barchart

UAE officials reportedly warned they may be forced to use yuan or other currencies if they run low on dollars amid the Iran war

Any pivot away from the dollar by a top oil producer would represent a major threat to the currency’s supremacy.

Fortune

‘Foreshadowing his demise’: Donald Trump posts ‘the end is near’ on Truth Social, health implications hard to ignore

Make of that what you will.

We Got This Covered

Coffee Prices Push Higher on Concerns Over Global Supply Disruptions

May arabica coffee (KCK26 ) today is up +2.70 (+0.93%), and May ICE robusta coffee (RMK26 ) is up +100 (+2.95%). Coffee prices are moving higher today after Iran said on Saturday that the Strait of Hormuz was closed to shipping following the US refusal to lift a naval blockade...

Barchart

Trump Reportedly Says Iran Ceasefire Expires 'Wednesday Evening,' a Day After Two-Week Mark

President Donald Trump told Bloomberg that the ceasefire with Iran will expire on "Wednesday evening Washington time," a day after the two-week mark from the original announcement.

International Business Times

UK 'On Brink' Of Recession — 250,000 People Could Lose Jobs By Mid-2027 Due To Iran War

EY Item Club warns the UK will 'flirt with recession' as the Iran conflict oil shock pushes unemployment to 5.8 per cent and halves GDP growth forecast.

International Business Times UK

Bulletin PM briefing: ‘Staggered’ Starmer’s struggles and will Trump’s blockade be lifted?

‘Staggered’ Starmer admits to MPs that he was wrong to appoint Mandelson. Trump ‘could end Strait of Hormuz blockade’ to revive Iran peace talks. Japan tsunami warning latest as people told to avoid the coast after 7.5-magnitude earthquake. MAGA influencer who burned Quran with flamethrower banned from entering UK. Former…

The Independent UK

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Barchart

Crude Oil Prices Jump as Middle East Tensions Escalate

May WTI crude oil (CLK26 ) today is up +4.87 (+5.81%), and May RBOB gasoline (RBK26 ) is up +0.1140 (+3.79%). Crude oil and gasoline prices are sharply higher today after Iran on Saturday said the Strait of Hormuz was closed for shipping following a refusal by the US to...

The Independent UK

Sharp rise in fuel thefts after Iran war caused prices to surge

IN FULL

The Times of India

My Take 5 (Edition 66): The week that was in international affairs

Welcome back to another edition of My Take 5. This week we are covering the situation in the Strait of Hormuz, historic elections in Hungary, polls in Bulgaria, Ukraine’s robot army, and the Baltic states’ principled stance against Russian aggression. So let’s get to it.

Barchart

Stocks Weaker as Middle East Peace Prospects Dim

The S&P 500 Index ($SPX ) (SPY ) today is down -0.41%, the Dow Jones Industrial Average ($DOWI ) (DIA ) is down -0.31%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) is down -0.66%. June E-mini S&P futures (ESM26 ) are down -0.42%, and June E-mini Nasdaq futures...

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The Independent UK

Over half of voters say they blame Trump ‘a lot’ for spiking gas prices

Most Democratic voters blame president ‘a lot’ – while most Republican voters place no blame on him at all

The Independent UK

Trump contradicts top adviser and says ‘lifelong opinion’ on Iran influenced the war, not Israel

IN FULL

International Business Times

Pakistan Reportedly Making Efforts To End U.S. Blockade Of Iranian Ports And Facilitate New Talks

Pakistan is making efforts to end the U.S.'s blockade of Iranian ports in the Strait of Hormuz and facilitate Tehran's return to the negotiating table, according to a new report.

The Independent UK

Trump throws his own Energy Secretary under the bus and says he’s ‘totally wrong’ about gas staying above $3

Iranian forces said on Sunday that the Strait of Hormuz would remain closed as the U.S. blockade persists, spiking oil prices again

The Independent UK

Trump invokes ‘results of Oct. 7’ in post lashing out over charge that Israel led him to war with Iran

Trump’s own national security adviser has said Trump’s decision to begin bombing Iran was informed by Israel’s plans to attack

Euronews

Netanyahu condemns IDF soldier for vandalising Jesus statue in southern Lebanon

Israel's Prime Minister Benjamin Netanyahu has condemned the desecration of a statue of Jesus Christ that was carried out by an IDF soldier in a southern Lebanese village.

Barchart

Dollar Climbs as US-Iran War Tensions Rise

The dollar index (DXY00 ) today is up by +0.08%. The dollar is climbing today on ramped-up tensions in the Middle East after Iran on Saturday said the Strait of Hormuz was closed for shipping following a refusal by the US to lift a naval blockade of Iran's vessels. Also,...

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