Brent crude falls as optimism rises strait of Hormuz could reopen over the weekendBusiness live – latest updatesGlobal oil prices fell on Friday to lows not seen since the first week of the Iran crisis after Donald Trump claimed he was close to reaching a peace deal with Tehran.The price of Brent crude began to tumble from about $93 a barrel in overnight trade after the US president called off further military strikes against Iran which were scheduled for the evening. Continue reading...
US president says ‘great settlement’ reached but Iranian spokesman says there has been no final conclusionFull report: Trump claims US and Iran on verge of signing peace agreementHello and welcome to the Guardian’s continuing coverage of the crisis in the Middle East.Iran’s foreign ministry has contradicted claims from Donald Trump that a peace deal between Washington and Tehran could be signed as soon as this weekend.Trump said he was cancelling a third day of US airstrikes and bombings that he had earlier said would happen because “discussions” with Iran “have been brought to the highest level of Iranian leadership and approved”. He also said on social media: “Discussions and final points have been, in both concept and great detail, approved by all parties involved, including the United States, Israel, Saudi Arabia, UAE, Qatar, Turkey, Pakistan, Bahrain, Kuwait, Jordan, Egypt, and others.”Israel, however, said it was “not a party to” what prime minister Benjamin Netanyahu’s office described as an emerging memorandum of understanding between the US and Iran. But the office said Netanyahu had spoken with Trump and that the final agreement at the conclusion of negotiations would include the removal of enriched material, the dismantling of enrichment infrastructure, limits on missile production, and the cessation of Iran’s support for its terrorist proxies in the region – measures that have been red lines for Iran in the past.The strait of Hormuz would open “as soon as we sign” the documents of the “great settlement” reached with Iran, Trump said. “The whole Middle East is happy.”Iranian media said the country’s forces had stopped a “violating tanker” from entering the strait of Hormuz. The report from the Fars news agency – closely linked to Iran’s Revolutionary Guards – came shortly after the sound of explosions were reportedly heard near the port city of Bandar Abbas.Trump had earlier posted on social media that the US would seize Iran’s Kharg Island “in the not too distant future”, but later said the seizure would be off the table “if we sign this agreement”.The price of oil rose after Trump threatened a “very hard” attack on Iran, but plunged hours later after he said he was cancelling the strikes. US West Texas Intermediate crude futures fell 1.9% to $86.08 a barrel, on top of a 2.6% drop overnight, and Brent dropped 1.5% to $89.08 a barrel, having fallen nearly 3% overnight. Asian stocks joined a global rally, with South Korea’s Kospi surging 7.4% and Japan’s Nikkei up 2.7%.A strike wounded 10 staff members of a hospital in the Lebanese city of Tyre on Thursday, the facility’s director told the AFP news agency, as Israeli raids continued in the country’s south. All three of the historic city’s hospitals have been hit since the start of the latest war between Iran-backed militant group Hezbollah and Israel in early March.India’s government voiced a “strong protest” after three Indian seafarers were killed in US military strikes against oil tankers travelling through the strait of Hormuz. Continue reading...
• Major equity indexes rebounded on Thursday, recovering from sharp losses experienced during the previous trading session.
• The recovery was driven largely by gains in tech stocks and investor indifference toward President Donald Trump's warning that the U.S. "will be hitting Iran" tonight.
• This bounce back suggests that market participants are currently downplaying geopolitical tensions and specific corporate concerns, such as Oracle's data-center spending.
US president warns of further military action as both sides accuse each other of breaching temporary ceasefireMiddle East crisis – live updatesUS politics live – latest updatesDonald Trump has said the US will take control of Iran’s oil and gas infrastructure and launch further strikes on Iran on Thursday night, just hours after the two countries exchanged fire for the second consecutive day despite a nominal ceasefire in place.In a post on Truth Social, Trump said the US would hit Iran “VERY HARD, TONIGHT”, claiming that most of Iran’s offensive capacity had been destroyed. He also said the US would seize Kharg, an island in the Gulf that handles about 90% of Iran’s oil exports and hosts vast storage facilities. Continue reading...
Iran says US attacks make ceasefire ‘practically meaningless’. Plus, Trump says ‘I love the inflation’ when asked about jump to 4.2%Good morning.Has the ceasefire collapsed yet?What is the status of negotiations? Talks to turn the ceasefire into a durable peace deal have stalled for weeks, with periodic flare-ups as both sides continued to launch limited strikes and trade blame for violating the truce.What do the two side want? Iran seeks the lifting of international sanctions, the unfreezing of billions of dollars in assets, and control over the strait of Hormuz. Trump has said any future peace deal must prevent Iran from developing a nuclear weapon, which Tehran denies it is seeking to do.This is a developing story. Follow our live coverage here.What did Gates say? “I support the release of all the Epstein files and sincerely hope that, through your efforts and those of others advocating on their behalf, the survivors of Epstein’s crimes can get the justice that they deserve.” Continue reading...
US launches second round of airstrikes on Iran, and Tehran responds by targeting Bahrain, Kuwait and JordanUS strikes Iran for second day, as ceasefire appears close to collapseWelcome to our live coverage of the conflict in the Middle East.The US has launched a second round of airstrikes, after Donald Trump warned that Tehran would “pay the price” for stalled negotiations, and Iran responded with strikes targeting Bahrain, Kuwait and Jordan.US Central Command said it had “completed” its latest round of airstrikes just before sunrise in Iran. It said the strikes targeted “Iranian military surveillance capabilities, communication systems and air defense sites,” and were carried out by the US air force, Marines and Navy.The sounds of explosions echoed around Tehran, the port city of Bandar Abbas and other southern areas along the strait of Hormuz.Iran responded by launching strikes on Bahrain, Kuwait and Jordan.Kuwait closed its airspace as its air defences fought off the attack. Kuwait’s directorate general of civil aviation said flights were being diverted to other airports, without elaborating.Iran’s Islamic Revolutionary Guard Corps said it had fired ballistic missiles at a US command centre in Jordan, according to state media.Iran’s UN envoy said the US should refrain from threats of force if it wants a deal.Israel early on Thursday warned residents in the north to seek shelter after the detection of suspected incoming fire from Lebanon.The international benchmark for crude oil traded above $93 a barrel on Wednesday, up more than 25% since the start of the war. Continue reading...
• Former President Donald Trump claimed that Iran shot down a helicopter on June 9, 2026, and vowed that the United States would "respond" to the incident.
• The claim comes amid escalating tensions involving a broader US-Israel military conflict against Iran and ongoing Israeli attacks on Lebanon.
• This escalation signifies a critical spike in regional instability, potentially leading to direct military confrontations between major global powers and Middle Eastern states.
• Stock futures declined on Wednesday, led by sharp drops in technology shares, as investors await a critical upcoming inflation report.
• Oil prices increased following U.S. "self-defense strikes" against Iran and comments from President Donald Trump stating that Iran has "taken too long to negotiate a deal."
• The market volatility reflects growing economic uncertainty regarding inflation and heightened geopolitical tensions in the Middle East.
• The expanded World Cup is set to begin across the U.S., Mexico, and Canada, featuring a record 48 teams competing in 104 matches over nearly six weeks.
• To ensure player safety in North American stadiums with limited shade, FIFA has implemented hydration breaks and updated its water bottle policy.
• The tournament highlights the intersection of global politics and sport, while focusing on whether veterans like 38-year-old Lionel Messi and 41-year-old Cristiano Ronaldo can achieve final career milestones.
US president says crew members are ‘safe and uninjured’ after attack near strait of Hormuz early on TuesdayMiddle East crisis – live updatesDonald Trump has blamed Iran for downing a US army helicopter near the strait of Hormuz, warning that the US would be forced to respond to the attack.The US army Apache helicopter gunship crashed off the coast of Oman early on Tuesday, according to US Central Command. The two crew members were later rescued in an unprecedented operation using an unmanned drone boat, the military said. Continue reading...