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The Latest Breaking News from the Iran war

The U.S.-Iranian peace memorandum has broken down, and violence is slowly ramping back up to a full-on war. Four Americans paid the price this weekend.

Reason

Nigerian children pay the price for the Iran war as malnutrition and poverty surge

Health workers in northern Nigeria say more children are relapsing into malnutrition and cite knock-on effects from the war in the Middle East

The Independent UK

U.S. companies have finally gotten $71 billion in tariff refunds, but they’re using it to offset inflation caused by the Iran war

“The Middle East conflict is really driving more inflation…so we are going to use the majority of the tariff refund to offset these higher costs,” the McCormick & Company CFO said.

Fortune

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The world's most profitable airlines: Record earnings collide with the Iran war

The nine most profitable airlines on the planet earned a combined $25.11 billion (€22bn) in their latest annual results, with Emirates keeping its crown. However, the numbers largely reflect an industry snapshot moments before the Iran war changed everything.

Euronews

‘Super’ El Niño could cause global food price shock lasting into 2028, analysts say

Weather cycle threatens harvests worldwide, adding to inflation already fuelled by the Iran war

The Guardian - UK

One Million More UK Homeowners Face £45 Monthly Payment Hike Amid Rising Bills

The Bank of England says a million more UK homeowners face higher mortgage bills by 2028, with a typical £45 monthly rise blamed on the Iran war.

International Business Times UK

'You can expect prices to be high and stay high': Domestic airfare is skyrocketing faster than international flight costs, despite using less jet fuel

Jet fuel costs doubled over the course of the Iran war, but other factors are behind the rising domestic travel costs.

Fortune

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India plans to cut reliance on Middle East oil, tap spot market after war shock

India's state refiners are pivoting away from Middle Eastern oil contracts following the Iran war's supply disruptions. They plan to boost spot market purchases and forge deals with trading houses for diversified sourcing. This strategic shift aims to secure energy supplies and mitigate losses, with new avenues opening from Guyana,…

The Economic Times

Israel’s ‘campaign between the wars’: How strategy to contain Iran and its allies risks further straining ties with US

A lot hangs on whether the United States can compel Israel to cease operations against Hezbollah in Lebanon. After all, an end to the Israeli military offensive was a key provision of the broad U.S.-Iran agreement setting out a road map to end the Iran war.

The Conversation

Why Did Congress Vote To End the Iran War After It Finished?

Democrats and Republicans alike dragged out the process to vote on the Iran war. Antiwar advocates say their vote still matters.

Reason

EVs Are Big Winners of the Iran War—Just Not American Ones

The Iran war's oil shock highlights a global energy divide: Record U.S. oil production insulates domestic markets while global EV adoption rapidly accelerates.

MarketBeat

Goldman Sachs Flags Three Major Threats To Southeast Asia's Food Supply

Food supply pressures in Southeast Asia are drawing renewed attention as higher energy prices linked to the Iran war, rising fertilizer costs and concerns surrounding El Niño add strain to agricultural markets across the region.

International Business Times

Iran war triggers global race to build oil reserves

Vulnerable nations, stung by the Iran war's economic fallout, are boosting oil and gas storage to weather future crises. This global push for reserves could add half a billion barrels of demand. Countries like India and Pakistan are prioritizing stockpiles, learning from China's successful strategy of reducing imports during supply…

The Economic Times

'She wants to be friends again': Trump repeats Meloni asked for photo 'over and over' at G7

Trump, apparently miffed by being given a cold shoulder by European allies during the Iran war, said Meloni's popularity has taken a dip ever since she refused the US access to Italy's landing strips or runways, which caused "a great logistical inconvenience" to American operations. The remarks came after Meloni…

The Times of India

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International Business Times UK

Donald Trump Shock: New Poll Finds 59% Of Americans View POTUS As A 'Dangerous Dictator'

A new PRRI poll finds 59% of Americans now view President Donald Trump as a 'dangerous dictator' whose power must be limited, reflecting deep concern over his handling of the Iran war and presidential authority.

The Economic Times

Pentagon tells US lawmakers it needs $80 billion for Iran war and other bills, WSJ reports

The US Defense Department requires eighty billion dollars to cover expenses from the Iran war and other non-war related bills. A larger funding request, including aid for farms and disaster relief, is expected soon. The Iran war has already cost approximately twenty-five billion dollars.

The Economic Times

Inside the chaotic Iran talks that let Trump claim victory, but not yet peace

President Trump announced the end of the Iran War and the reopening of the Strait of Hormuz, following intense Qatari mediation. Despite Israeli airstrikes threatening the talks, a framework deal was reached, promising Iran sanctions relief and financial aid in exchange for nuclear commitments. Trump later signed the agreement in…

The Times of India

'Sometimes Trump and I don't see eye to eye': Netanyahu admits fallout with US president over Iran deal

Israeli PM Benjamin Netanyahu expressed his differences with the US President Donald Trump, saying that there were times when the two cannot see "eye to eye". The public fallout between the two was visible during the Iran deal, especially when the US president was attempting to make a peace deal…

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Reason

Bernie Sanders Is Wrong About Trillionaires

Plus: the Supreme Court's biggest pending decisions, renewed court-packing debates, and the economic fallout from the Iran war

Reason

The Iran War Is Over, For Now

The U.S. and Iran have moved to the next stage of the peace process. Hawks on all sides are terrified that it will succeed.

AAP

Tentative deal on ending the Iran war sends stocks soaring, oil prices to lowest levels in months

Markets on Wall Street were poised to follow global markets sharply higher after a tentative deal was announced on ending the Iran war and reopening the Strait of Hormuz, while oil prices fell close to $5 a barrel

Barchart

2 Turnaround Defense Stocks Hiding in the ITA ETF Tell a Very Clear Story: The Iran War May Not Be Over

My favorite ETF analysis process tells me the mainstream media is missing the real story with the Iran War.

The Independent UK

Citing fallout from Iran war, World Bank cuts forecast for global economic growth

The economic fallout from the Iran war — higher energy prices and increased uncertainty — will drag down global growth this year, the World Bank said Thursday

Euronews

ECB raises interest rates for the first time in three years as Iran war fuels inflation

The European Central Bank has lifted its deposit facility rate by 0.25% to 2.25%, marking a decisive pivot back to tightening as the Iran war pushes eurozone inflation to its highest level in nearly three years.

The Independent UK

Europe's central bank raises rates to fight inflation from Iran war, the Fed to decide next week

The European Central Bank on Thursday became the first major central bank to raise interest rates in response to the Iran war

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