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The Latest Breaking News from Iran

Flying soon? What the jet fuel crisis means for travellers and airlines

Jet fuel prices have roughly doubled since the war in Iran began – and shortages could start next.

Euronews

Senator presses DOJ and Treasury over status of Binance monitors after $1.7 billion in Iran-linked crypto flows

As part of its 2023 plea deal, the world’s largest crypto exchange agreed to have two separate firms oversee its operations for three years.

Fortune

Purported pedophile Donald Trump takes aim at Catholic charities for kids to punish the Pope

All because the Pope won't support his attack on Iran.

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Slump in voters’ support for Israel shakes US consensus over military aid

Bipartisan backing for special relationship is fraying as Middle East conflicts turn public opinion

The Guardian - US

Keir Starmer arrives in Paris for Strait of Hormuz talks

The Strait of Hormuz has been blockaded by Iran since the US-Israeli strikes on the country began, threatening world oil supplies.

Evening Standard

More companies go bust in March as fears mount over Iran war impact

The Insolvency Service said the number of company insolvencies rose 7% month-on-month in March to 2,022.

Evening Standard

Stock Index Futures Gain on Hopes for U.S.-Iran Deal, Netflix Sinks on Disappointing Guidance

June S&P 500 E-Mini futures (ESM26) are up +0.23%, and June Nasdaq 100 E-Mini futures (NQM26) are up +0.20% this morning as investors take on more risk amid mounting speculation that a deal to end the war between the U.S. and Iran is drawing closer.

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Empty Shelves Loom: UK Braces for Food Shortages and Supermarket Gaps as Iran War Drags On

A leaked UK government document reveals potential food shortages this summer due to CO₂ supply disruptions from the Iran conflict, affecting industries reliant on gas.

International Business Times UK

Sri Lanka sent home 238 Iranian sailors, including survivors of a US torpedo attack

Sri Lanka has sent home 238 Iranian sailors, including 32 who survived a U.S. torpedo attack in the Indian Ocean

The Independent UK

The world holds its breath: Trump says Iran war will end 'pretty soon' as uranium deal is in sight

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

Fortune

Trump Blocks Iran Ports, Sending Prices Soaring on Oil, Fertilizer and More

Trump's blockade of Iranian ports are disrupting global supply chains, risking higher fuel, fertilizer and food costs higher.

GOBankingRates

Three charged over attempted arson on Persian-language TV channel, UK police say

Iran International is one of several Persian‑language outlets critical of Iran's clerical leadership operating from abroad.

Euronews

UK fuel prices finally drop for first time since start of Iran war

The drop in petrol prices offers ‘relief for drivers’ after 46 consecutive days of rising costs

The Independent UK

Iran war energy shock drives nuclear power plans in Asia and Africa

The Iran war has exposed the fragility of global fossil fuel supply chains. Now dozens of countries across Asia and Africa are turning to nuclear power as their answer.

Euronews

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International Business Times UK

US Navy Families Say Thousands in Care Packages Never Reached Sailors Near Iran: '$2,000 and Nothing Arrived'

The challenges faced by US Navy families as care packages fail to reach sailors in the Iran war, causing meal rationing and hardship on ships. Postal suspension impacts military families.

The Guardian - UK

‘Popesplaining’ Vance out of depth in argument over whether Iran is a just war

Trump administration has riled head of Catholic church over use of theology to justify conflict in Iran

The Guardian - UK

How Pakistan’s army chief became an unlikely peacemaker in the Iran war

Trump’s ‘favourite field marshal’ has been a key figure in mediation efforts and now much rides for Asim Munir on the success of talks

The Independent UK

In Lebanon, has Trump really ‘solved’ his 10th war?

ANALYSIS: As Donald Trump claims he has solved his 10th war, this time in Lebanon, chief international correspondent Bel Trew looks at the shaky nature of the ceasefire and explores whether it will last

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International Business Times UK

Pentagon Urges Ford Motor Company to Build Weapons as Fears Grow Over Return to Wartime Detroit

US defense officials engage Ford and GM in talks to convert factories for military supplies, echoing WWII efforts. This impacts the auto industry amid global conflicts and national security concerns.

Evening Standard

Sainsbury’s to shed light on Iran war impact amid recent sales growth

Shares in the UK’s second largest supermarket chain sit close to a 12-year high after increasing its share of the grocery market.

The Guardian - UK

‘Ticking timebomb’: Tehran residents return to ruined city amid fears truce will not hold

Many in the Iranian capital feel trapped between war with the US and the brutality of the regime’s repression

The Times of India

Watch: How is the US Navy enforcing blockade amid Hormuz deadlock

US Navy forces, aboard the USS Michael Murphy, diverted a merchant vessel in the Gulf of Oman to enforce restrictions on Iran's maritime routes. This operation, involving over 10,000 personnel and multiple naval assets, aims to sustain maritime enforcement in regional waters.

Euronews

Europe-led coalition prepares mission to reopen Strait of Hormuz

A group of more than 40 countries is meeting in Paris to finalise early plans to reopen the Strait of Hormuz. The France and UK-led coalition insists the operation will only kick in when the war is over. Countries say they are ready to send warships, personnel and demining support.

The Times of India

‘Not in our control’: Pakistan faces 7-hour blackout as Iran war chokes energy supplies

Power Minister Awais Leghari on Thursday confirmed six to seven hours of daily load management, nearly three times higher than the government's earlier publicly announced commitment. He also issued an apology to the public, blaming the crisis on LNG supply disruptions caused by the Middle East war and lower hydropower…

Euronews

'Ripple effects of Iran war could lead to other conflicts,' UN development chief tells Euronews

The head of the UN Development Programme told Euronews that the impact of the Middle East conflict is being felt "way beyond the region", and that, in the absence of a resolution, the groundwork for further conflicts is being laid.

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