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Iran

Fragile truce holds as US awaits Iran's response to latest proposal

Washington insists its month-long ceasefire with Iran is continuing to hold despite renewed hostilities and the recent exchanges of fire. The US says it is awaiting Iran’s response to its latest ceasefire proposal to end the war.

Economy

Potato futures soar 700% in less than a month on Iran war speculation

Potato-linked financial contracts have risen over 700% in a few weeks, despite a current oversupply in Europe, due to speculative trading surrounding the volatile environment caused by the Iran war.

Economy

Oil tanker arrives in South Korea after leaving the Strait of Hormuz

A Malta-flagged tanker, carrying one million barrels of crude oil, has successfully reached the western coast of South Korea after passing through the Strait of Hormuz in mid-April.

Iran

Iranians risk arrest at Iraq border to escape Tehran's internet ban

Desperate to communicate with the outside world, Iranians are increasingly travelling to the border with Iraq, where Iraqi SIM cards and impromptu hotspots became a hot commodity, they told Euronews.

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Qatar

Universities in Qatar fete graduation week despite regional crisis

Education City students in Qatar turned war-time alerts and evacuations into a story of resilience, keeping studies online and now celebrating graduation.

Economy

Gold or oil: Which shields you best from Iran war inflation?

Conventional wisdom holds that gold protects investors during war and inflation. The Iran conflict has turned that assumption on its head. Since the outbreak of the war, Brent crude has rallied 37%, while gold has fallen 10%. The driving force is interest rates, not geopolitics.

Iran

UAE reports missile attack as Iran war ceasefire is challenged

Meanwhile, a shipping data company reported that Iran had created a government agency to vet and tax vessels seeking passage through the crucial Strait of Hormuz.

Interview

Global shocks will slow down economic growth in Africa, IMF warns

According to the IMF's report, regional growth is expected to decline by 0.3 percentage points, and some 20 million people in Africa now face the risk of food insecurity as the Iran war raises energy and food prices.

Business

Shell profits surge as Iran war drives oil prices higher

Europe’s biggest energy company reported a jump in first-quarter profits as the war involving Iran and the effective closure of the Strait of Hormuz pushed oil and gas prices higher.

Lebanon

Senior Hezbollah commander killed by Israel in Beirut suburbs

Beirut and its southern suburbs had been spared Israeli attacks since 8 April, when massive Israeli strikes across the country killed more than 350 people.

Business

Maersk profit drops, maintains 2026 outlook despite Hormuz uncertainty

Danish shipping giant Maersk said on Thursday it was maintaining its 2026 outlook despite the war in the Middle East and uncertainty over disruptions to key trade routes through the Strait of Hormuz.

Europe Today

Former Trump envoy warns Iran still has power over Strait

After more than two months of war between the US and Iran, a deal appears in sight to end hostilities and reopen the Strait of Hormuz, one of the world's vital shipping routes. However, former Trump official Kurt Volker says the conflict has effectively handed control of the Strait to Tehran.

Markets

Oil drops below $100 while markets rise as US and Iran near a deal

Brent crude has fallen below $100 a barrel while Asian markets reached new all-time highs and European stocks rose at the open on reports that the US and Iran are nearing a deal for the gradual reopening of the Strait of Hormuz.

Iran

Iran reviewing US peace deal proposal as Trump ramps up pressure

A fragile ceasefire between the US and Iran has largely held since 8 April but in-person talks between the two countries hosted by Pakistan last month failed to reach an agreement.

Europe News

French carrier group moves south of Suez ahead of Hormuz mission

The carrier’s southward move puts French air assets within range of the strait without entering the Gulf, where the US Navy has been blockading Iranian ports since 13 April.

Business

Lufthansa hits record revenue as Iran war fuel costs eat into profits

The German airline group posted its highest-ever revenue in 2025 and improved its first-quarter results, but soaring jet fuel costs linked to the Iran war are forcing route cuts and pushing annual profit below initial forecasts.

Iran

Iran says passage through Strait of Hormuz will be ensured

Earlier on Wednesday, Trump said the US would pause its mission to escort commercial ships through the Strait of Hormuz barely two days after it began doing so, citing a desire to reach a peace deal.

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?

The Iran war refers to the ongoing military confrontation involving Iran, Israel and the United States, with fighting and tensions spreading across the region — stay up to date on the latest developments as the situation unfolds