Iran war | Euronews

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Markets

European stocks rally, oil falls on hopes of US-Iran breakthrough

Some of Europe’s leading stock indices climbed more than 3% on Wednesday, while oil prices retreated as hopes for a diplomatic breakthrough in the Iran conflict boosted market sentiment.

Europe News

EU MEPs, Commission officials and diplomats hunt for trade panacea

As tensions flare between Russia and Ukraine over competing ceasefires, and the Iran war shows no signs of ending, politicians in Brussels will spend Wednesday searching for a way to thrash out the final details of the EU-US trade agreement, lest they suffer more import levy threats from Trump.

Markets

Resilience amid ruins: Markets at record highs despite Iran war

Global indices in the US, Japan and South Korea have reached all-time highs despite the economic fallout from the ongoing Iran war. Investors are clearly looking past immediate geopolitical risks but what is driving the rally?

USA

Top Trump advisers urge China to assist in reopening Strait of Hormuz

US Secretary of State Marco Rubio and Treasury Secretary Scott Bessent have both expressed a need for China to leverage its tight relations with Tehran to reopen the strategic Strait of Hormuz for “their own interests”.

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United Arab Emirates

Gulf braces itself for potential escalation with Iran

The Gulf is bracing itself for what could be a major escalation in the Iran war. Attacks against the UAE took place on Monday, the first since the ceasefire was announced in April.

Travel News

Jet fuel crisis: Airlines cut 13,000 flights and two million seats

Airlines across the world have cut thousands of May flights and scaled back capacity as the jet fuel shortage begins to bite, raising the risk of disruption for families travelling over the half term break.

Iran

Trump urges Iran to 'do the smart thing' and reach a peace deal

Meanwhile, Iran warned the US against any further escalation in the Strait of Hormuz, after a spate of attacks risked reigniting the war.

Europe Today

NATO still in the dark over US plans to withdraw 5,000 troops

The US has not specified to NATO which operations will be impacted as part of the Pentagon's decision to remove 5,000 soldiers from German territory. European nations have been preparing for an eventual change in US force posture, but were not consulted before this announcement.

United Arab Emirates

Euronews reporter says Dubai flight held in London during UAE strikes

Toby Gregory reported the atmosphere in the cabin remained calm, with passengers having no concerns about safety due to Emirates' track record of maintaining passenger safety.

United Arab Emirates

Dubai residents take shelter as UAE intercepts Iranian strike

Euronews journalists reported hearing explosions from air defence intercepts above Dubai after a missile alert on Monday, as the UAE said Iran struck an ADNOC-linked tanker in the Strait of Hormuz.

Iran

Trump says Iran has fired shots but caused little damage in Hormuz

Meanwhile, a senior admiral said the US had destroyed six Iranian boats and shot down missiles and drones fired at US Navy and commercial vessels by Tehran's forces.

Economy

Shipping giant MSC opens new trade route to bypass Hormuz disruption

As tensions choke the Strait of Hormuz, Mediterranean Shipping Company races to keep global trade moving with new route.

Europe News

A new Haber–Bosch moment: Europe must rethink fertiliser production

Europe must reinvent fertiliser production to cut agriculture's reliance on fossil fuels and protect jobs in industrial regions, writes Magnolia Tovar, a chemical engineer and expert at a climate innovation think tank, in an opinion piece for Euronews.

USA

Trump sceptical new Iranian peace proposal would lead to deal

The US president had earlier in the week refused another Iranian proposal, saying Tehran is not willing to give Washington what it “needs to have” to strike a deal.

Climate

Plug-in solar explained: How much power can these mini panels produce?

Plug-in solar is having its moment in the spotlight. But how much power can these mini devices actually generate?

USA

Trump says Iran hostilities 'have terminated' in letter to Congress

Trump sidestepped a legal deadline for gaining approval from members of Congress over his war in Iran as he sends a letter to top lawmakers claiming that hostilities have ended due to the ongoing ceasefire.

Iran

Donald Trump says 'not satisfied' with new Iran peace proposal

Meanwhile, Washington is gripped by a legalistic debate over whether Trump has passed a deadline for requesting congressional approval for the war.

Switzerland

Iran war's impact on shipping affecting refugee aid, UNHCR says

The agency has re-routed sea cargo via Jordan's Aqaba Red Sea port and has switched to land corridors including truck routes from Dubai across the Arabian peninsula and Turkey.

Europe News

US Hormuz coalition not 'competition' with France-UK mission, FM says

France says a new US-led coalition to reopen the Strait of Hormuz will complement, not compete with, its own UK-backed mission as standoff with Iran in the vital waterway roils on.

USA

Trump mulls US troop cuts in Italy and Spain over Iran war row

Trump suggested his administration was also looking into reducing its presence in Spain and Italy over clashes with their leaders on the war in Iran. The comments come just one day after the US president made a similar proposal in Germany.