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HISTORICAL FACTS: 166 - Caught on Camera

Trump Confidant South Carolina Senator Lindsey Graham, 71, Dies

One of the most influential figures in in the Trump administration on foreign policy, Graham advised the US president on Iran and Russia. Graham, who had reportedly just returned from a trip to Ukraine, had announced an agreement on Friday with the Trump administration to move forward on a package…

International Business Times

US attacks Iran over ship being hit in Strait of Hormuz

IN FULL

The Independent UK

'Era of one-sided deals over': Iran Parl speaker Ghalibaf warns US after trade of strikes in Strait of Hormuz

Iran's Parliament Speaker declared one-sided deals are over after US strikes. US forces conducted extensive strikes targeting Iranian military sites this week. Iran's Revolutionary Guard Corps claimed to destroy targets in Jordan in retaliation. Qatar and Jordan strongly condemned Iran's military actions and violations. These events follow Iran's announcement of…

The Economic Times

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Iraqi prime minister to visit Washington on Monday; oil and gas deals expected

Iraq's prime minister will visit Washington to strengthen strategic and economic ties. Oil and gas deals are expected to be signed, boosting production capacity. Alternative export routes will be sought to reduce Strait of Hormuz exposure. Strengthening Iraq's armed forces will also be a key discussion point. This visit aims…

The Economic Times

Strait of Hormuz remains open despite Iran's closure declaration, maritime group says

The vital shipping lane through the Strait of Hormuz remained operational, defying Iran's earlier announcements of a closure. While commercial vessels navigated the Omani shores, the atmosphere was charged with threats of military action. Iran's Revolutionary Guard warned that no ships would be permitted to pass until foreign interference ended.

The Economic Times

The week in pictures: Le Pen's comeback, Khamenei's funeral and Mbappé's wondergoal

French far-right leader Marine Le Pen was cleared to run in next year's presidential election, despite having her embezzlement conviction confirmed, in a week that saw Iran hold days-long funeral ceremonies for slain supreme leader Ayatollah Ali Khamenei and football stars Kylian Mbappé and Lionel Messi deliver moments of magic…

France 24

Oil Prices Surge Amid US-Iran Tensions, Elizabeth Warren Slams 'Corrupt' Trump-Linked Deal and More: This Week in Economy

It’s been an eventful weekend in the world of finance and politics. Here’s a quick recap of the top economic stories that made headlines.

Benzinga

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US-Iran strikes: latest developments

DUBAI - Iran announced it was again closing the Strait of Hormuz on Sunday and hit Gulf neighbours in retaliation for US strikes, further undermining efforts to salvage Middle East peace efforts.

Bangkok Post

Middle East Tensions Flare Up As IRGC Shuts Strait Of Hormuz: US, Iran Trade Strikes And Peace Hopes Recede

The US forces launched another wave of attacks on Iran near the contentious Strait of Hormuz on Saturday. The US strikes followed a missile attack on a commercial cargo ship by the Islamic Revolutionary Guard Corps (IRGC), the elite military unit of Iran.

International Business Times

Iran newspaper lists Trump, European leaders as revenge targets

A conservative Iranian newspaper published a list of foreign leaders for revenge. This list was released after the killing of Supreme Leader Ali Khamenei. Mojtaba Khamenei, his son, vowed retribution for the attacks. The infographic featured leaders from the US, Israel, and European nations. These individuals were identified as targets…

The Economic Times

US-Iran strikes: Latest developments on Gulf attacks, Hormuz closure

Iran announced it was again closing the Strait of Hormuz on Sunday and hit Gulf neighbours in retaliation for US strikes, further undermining efforts to salvage Middle East peace efforts. US strikes 140 targets CENTCOM said Saturday the US military had hit "approximately" 140 targets in Iran in retaliation for…

The Economic Times

Iran's Supreme Leader Vows Retaliation, Trump Warns 1,000 US Missiles 'Locked and Loaded' and More: This Week in Politics

As the week unfolded, the world witnessed a series of escalating events, including Iran’s Supreme Leader vowing retaliation and the U.S. launching a strike in response. Meanwhile, President Donald Trump warned of a potential conflict.

Benzinga

Lindsey Graham, one of the Senate’s most influential Republicans, dies at 71

Republican lawmaker was vocal supporter of war against Iran

The Independent UK

Trump claims strait of Hormuz open to commercial traffic despite Iran earlier announcing closure – as it happened

Tehran reportedly attacks Gulf countries following fresh US strikes

The Guardian - UK

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Evening Standard

UK economy set to have stayed in slow lane after Iran war held back growth

Some economists are expecting GDP to have flatlined or declined in May, after slipping by 0.1% in April.

The Independent UK

UK economy set to stagnate as Iran war and high energy costs hold back growth

UK economist Sanjay Raja predicted some sectors could get a boost this month due to England’s World Cup success

The Times of India

Middle East ceasefire dead as US bombs Iran again, Hormuz shuts and missiles fly over Gulf countries — top developments

The United States carried out a third round of strikes on Iran after accusing Tehran of attacking a commercial container ship in the Strait of Hormuz. In response, Iran announced that it had once again closed the strategic waterway, stepped up attacks on US military facilities across the Gulf and…

Fortune

Trump’s time is running out to avoid a nightmare Strait of Hormuz scenario

Global oil flows remain stunted as stockpiles are depleted, and demand is set to rise again.

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The Guardian - UK

‘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 Economic Times

India condemns attack on commercial vessel off Oman coast; 10 Indians rescued, one missing

India condemned an attack on the GFS Galaxy vessel near Oman. Ten of eleven Indian nationals aboard were rescued, while one remains missing. The Indian Embassy in Oman is coordinating with local authorities for ongoing search operations. Repeated attacks on commercial shipping in the region are deeply concerning to India.…

The Economic Times

Iran moves to close Strait of Hormuz. Should investors fear a Nifty crash in coming days?

Indian equities are likely to remain volatile this week as escalating tensions in West Asia and the closure of the Strait of Hormuz threaten to push crude oil prices higher. Investors will also monitor Q1 earnings, inflation data, FII flows and global risk sentiment for market direction.

France 24

US military says Strait of Hormuz open, despite Iran's claims

The US military on Sunday said that "traffic is flowing" through the Strait of Hormuz despite Iran's claim to have closed it in the latest flare-up of the Middle East war. Iran had earlier attacked US-allied Gulf neighbors in response to the latest series of US strikes on Iran, further…

The Economic Times

Iran-US tensions flare again: UAE air defences engage missiles, sirens sound in Bahrain, Kuwait on alert

Gulf nations activated air defence systems and issued emergency alerts on Saturday. Iran launched a fresh wave of missile and drone attacks, escalating regional conflict. The IRGC claimed strikes on logistics centres in Oman and a US base in Qatar. US Central Command completed a third round of strikes against…

The Economic Times

Fed officials divided on US inflation views; US home prices hit all-time high

The International Monetary Fund predicts a modest global economic growth of three percent for this year. In the United States, home prices have soared to unprecedented levels, creating challenges for prospective buyers. The Federal Reserve is experiencing internal disagreements about future interest rate policies and inflation management. Moreover, a decline…

The Economic Times

Charting the global economy: Iran war continues to cloud outlook

Japan's bank lending expansion suggests room for the central bank to raise rates further. Meanwhile, high borrowing costs continue to impact the US housing market significantly.

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