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The Latest Breaking News from Iran

US-Iran peace memorandum could be signed within days

A memorandum to halt the US-Iran conflict is being finalised and could be signed as soon as Sunday, a source says, in a breakthrough for the months-long war.

AAP

US stocks jump, and oil prices fall after Trump calls off threat to attack Iran

U.S. stocks are rallying, and oil prices are falling after President Donald Trump said he called off bombings of Iran planned for the evening, raising hopes for a deal that could get the global flow of crude going again

AAP

Trump says he has called off latest threats to strike Iran

U.S. President Donald Trump said Thursday he has called off new military strikes on Iran, hours after threatening to escalate the war

AAP

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Trump cancels Iran strikes after high-level peace talks, blockade to continue

US President Donald Trump has cancelled planned strikes on Iran. Discussions for a ceasefire have been approved by Washington, Israel, and other nations. A naval blockade will continue until a peace deal is finalized. Details of the agreement are expected soon. Iran has not yet confirmed approval of any text…

The Economic Times

U.S. Becomes India's Top LNG, LPG Supplier As Gulf Shipments Fall Amid Iran War

The United States supplied more LNG and LPG to India than Gulf exporters in May as shipping disruptions resulting from wars continue disrupting energy trade flows.

International Business Times

Trump Says He 'Loves the Inflation' After Consumer Prices Climb To Three-Year High

President Donald Trump drew swift political backlash after declaring that he "loves the inflation" following the release of new government data showing consumer prices rose at their fastest annual pace in more than three years.

International Business Times

New Zealand World Cup 2026 Odds: Lines, Tips and Value Bets

New Zealand sit 43rd in the 2026 World Cup outright market at +150000. Group G exit looks likely, but +2900 Group G Winner odds offer a slim upside.

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Iran's Kharg Island is key to its oil exports. Targeting it carries major risks

Iran's Kharg Island is home to a terminal through which the country exports most of its oil

AAP

Why targeting Iran’s vital oil hub at Kharg Island carries major risks

Iran’s Kharg Island is home to a terminal through which the country exports most of its oil

The Independent UK

'Piece of the Whole World' or World Peace? Netizens React to Trump's Birthday Wish

Donald Trump's 80th birthday wish for 'peace for the world' has sparked online debate, with critics questioning its sincerity amid escalating tensions with Iran and recent foreign policy actions.

International Business Times UK

Bulletin world briefing: El Nino officially begins and could trigger hottest year ever

Trump threatens massive Iran escalation as tensions spiral Scientists warn El Nino has finally begun and could trigger hottest year on record Albania sees largest protest against Jared Kushner and Ivanka Trump’s luxury resort International Chess Federation suspends Russia over events in occupied Ukraine Three Indian sailors killed in US…

The Independent UK

Average US long-term mortgage rate rises to 6.52%, just below its high for the year

The average long-term U.S. mortgage rate ticked up this week to just below its high for the year, the latest sign that borrowing costs on home loans remain elevated relative to where they were before the war with Iran started

AAP

Inflation is roaring back globally, 2022 style. The Iran war is only half the problem

Europe, China and the U.S. are straining to meet the demands of the AI boom

Fortune

Crude Oil Prices Climb as US-Iran Tensions Escalate

July WTI crude oil (CLN26 ) today is up +0.48 (+0.53%), and July RBOB gasoline (RBN26 ) is up +0.0431 (+1.39%). Crude oil and gasoline prices are moving higher today, with gasoline posting a 1-week high. Concerns over the escalation of the US-Iran war are underpinning crude prices after President...

Barchart

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Barchart

Stocks Supported by a Rebound in Chipmakers and AI Stocks

The S&P 500 Index ($SPX ) (SPY ) today is up +0.03%, the Dow Jones Industrial Average ($DOWI ) (DIA ) is up +0.42%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) is up +0.37%. June E-mini S&P futures (ESM26 ) are up +0.03%, and June E-mini Nasdaq futures...

AAP

AAP Rolling News Bulletin June 12, 0130

AAP Rolling News Bulletin for June 12 at 0130

The Economic Times

Trump's latest threats to Iran may collide with a hard reality

US President Trump threatens Iran with severe military action, including seizing oil infrastructure. However, the US faces a critical shortage of missiles and interceptors. This comes after extensive military aid to Ukraine and recent operations. The Pentagon is meeting defense executives to boost production. This constraint could impact the duration…

The Independent UK

JD Vance says Netanyahu ‘has certainly got some things wrong’ as US-Israel ties strain

The vice president’s statement follows reports of a heated phone call between Trump and Netanyahu

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The Independent UK

Trump threatens massive Iran escalation as tensions spiral

IN FULL

International Business Times

Oil Prices Muted Despite Trump's Threat Of Renewed Strikes And Seizure Of Iranian Oil Infrastructure

Oil is largely muted on Thursday despite President Donald Trump's threats to conduct new strikes against Iran and the seizure of key infrastructure.

AAP

Wall Street recovers some of the week's losses after AI stocks swing back upward

U.S. stocks are recovering some of their losses for the week, as the roller coaster for AI companies turns back upward

AAP

AAP Rolling News Bulletin June 12, 0100

AAP Rolling News Bulletin for June 12 at 0100

International Business Times

ECB Hikes Interest Rates For The First Time Since 2023 Citing Iran War Pressures

The European Central Bank hiked interest rates for the first time since 2023, citing the pressures from the war in Iran.

Barchart

Dollar Rallies and Gold Slumps on Hawkish Fed Concerns

The dollar index (DXY00 ) climbed to a 2-month high today, up by 0.23%. Concerns over the escalation of the US-Iran conflict are boosting safe-haven demand for the dollar after President Trump said the US will keep attacking Iran and threatened to seize Kharg Island, Iran's main crude exporting hub....

The Times of India

Invade baby, invade: Trump eyes Kharg Island, Iran's energy spigot

President Trump is openly threatening to seize Iran's Kharg Island, a critical oil export hub, as a drastic measure to force Tehran into a deal. This marks a significant shift from his previous anti-interventionist stance, raising concerns about escalation and the potential for a costly, open-ended deployment.

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