iran
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Saudi Arabia
Houthis claim missile strike on Riyadh as explosions heard in capital
The claim came as witnesses reported several explosions across the Saudi capital, a day after a separate Houthi drone attack on the same airport killed one person and caused flight delays that continued into Thursday.
Markets
Oil prices are climbing on concerns about an escalating Iran war
Stock markets recorded losses on Thursday as fresh inflation fears came into focus following a jump in oil prices. This comes amid reports that US President Donald Trump was considering further strikes on Iran ahead of next month's US midterm elections.
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Iran
Iran threatens pre-emptive strikes as US questions who runs Tehran
Iran's army spokesman said Tehran's forces were prepared to strike first "should circumstances require it," while IRGC officials claimed tighter control of Hormuz, and Washington publicly pondered how much authority Pezeshkian and Araghchi actually wielded.
Iran
Iran parliament criminalises interviews with 'hostile' foreign media
The bill passed 174 to six despite cabinet opposition, carrying penalties of up to two years in prison, fines and flogging for Iranians who speak to outlets designated as hostile by the Intelligence Ministry. The bill has not yet become law and faces Guardian Council review.
Iran
Hardline Iranian MPs move to impeach foreign minister over US talks
The motion, filed by MPs aligned with the Paydari Front, accuses Araghchi of meeting US envoy Steve Witkoff at the UN General Assembly without authorisation, a claim directly opposed by Supreme National Security Council chief Mohsen Rezaei, who said the talks had prior approval.
Economy
IMF signals austerity is back as global public debt nears 100% of GDP
IMF chief Kristalina Georgieva has urged heavily indebted governments to tighten their belts and central banks to take a hawkish stance, signalling a return to austerity as the energy shock from the Iran war, record public debt and a credit-fuelled AI investment boom weigh on the global economy.
Economy
Record bets against the euro: how much further could it fall?
The euro hit a 17-month low as French debt fears and Europe's energy shock weigh on the currency. Bond market stress could limit further ECB rate hikes, while analysts see scope for the euro to fall to $1.10 if the pressure intensifies.
Qatar
Qatar warns 'whole world is paying' for Iran war as talks continue
The Iran war has disrupted global trade as regional powers prepare to bolster Saudi Arabia’s defences. Qatar said talks to end the war remained active and backed the Mecca defence alliance, but added that it was too early to discuss joining the pact.
Europe News
Von der Leyen takes on Europe’s refineries amid energy crunch
Europe wants to reduce its dependence on fossil fuels, but while it still relies heavily on oil — particularly diesel — reducing the infrastructure that processes that oil has increased vulnerability during the green transition.