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EXPLAINED: 3 | Vintage Vibes

Trump wrote the tariff playbook. Now Iran is using it on the world's most important oil route

Oil markets are whipsawing Wednesday amid dueling shaky peace proposals

Fortune

Soaring gas prices and disrupted supply chains will ripple out to increase costs in every store and sector of the economy

The disruptions from the U.S. and Israeli attacks on Iran spread quickly to commercial aircraft, shipping lanes and the world’s energy supply. Those repercussions have already hit fuel costs, including for motorists, truckers and fishermen, and are set to spread even more widely, to packaging, household goods, appliances, medicines and…

The Conversation

American most expensive warship ever built retreats from Iran conflict after a laundry room fire, Pentagon admits it may not be combat-ready

It cost more than $13 billion!

We Got This Covered

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Ruben Gallego Slams Trump Admin Over War In Iran: 'Going To Sacrifice Our Kids'

Democratic Sen. Ruben Gallego slammed the Trump administration over the ongoing war in Iran, saying that for him and other Latino veterans the operation feels like "deja vu."

Latin Times

Is Barron Trump Eligible for the Draft? Jesse Ventura Delivers Brutal Military Challenge to Melania's Son

Former Minnesota governor Jesse Ventura has challenged Barron Trump to enlist in the US military, as anger over troop deployments to the Middle East fuels calls to 'send' the president's youngest son to war.

International Business Times UK

The ‘zombie’ ships appearing in the Strait of Hormuz after they were scrapped for parts

Reports suggest the vessels transitioned through Iranian waters and may have paid the IRGC $2m to pass

The Independent UK

Iran pushes back on Trump’s peace plan: ‘It’s not even beautiful on paper’

US troops are to be deployed to the Middle East as mixed messages about peace talks continue

The Independent UK

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‘One vengeance for all’: Iran’s AI video targets 'Statue of Liberty' in fiery nuclear warning

Iranian state media reportedly released a provocative AI‑generated video titled “One Vengeance For All” that stitches together images of US‑linked wars and atrocities before showing a missile obliterating a demonic version of the Statue of Liberty, escalating the information war around the ongoing Iran–US–Israel conflict.

The Times of India

The War in Iran – What should Europe do?

Don't miss this week's episode of The Ring, tonight at 20.30 CET. MEPs Riho Terras (EPP) and Özlem Demirel (The Left) go head-to-head in a fiery debate over what the EU should do in this crisis.

Euronews

Stocks rally amid hopes of end to Middle East conflict

Evening Standard

Kash Patel’s country singer girlfriend claims bizarre foreign conspiracy to paint her as Israeli ‘Mossad honeypot’

Alexis Wilkins claims a ‘foreign-linked influence network’ is trying to fracture MAGA

The Independent UK

White House staffers ‘baffled’ over Trump claiming Iran gave him a prize related to Strait of Hormuz: report

President Donald Trump was uncharacteristically tight-lipped about the gift, describing it only as ‘a very big present, worth a tremendous amount of money’

The Independent UK

The Iran War Has Already Hurt Oil Production More Than the '70s Energy Crisis Did

The conflict is squeezing global supply and pushing prices up.

Reason

Mike Johnson defends Trump sending 2,000 troops to Middle East as message that Iran needs to ‘get their act together’

But House speaker won’t say deploying troops into the region constitutes US ‘boots on the ground’

The Independent UK

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The Guardian - UK

‘We want peace’: Iranians try to maintain semblance of normal life as conflict drags on

Explosions lit up Tehran skyline as Israel launched new airstrikes but by morning joggers were in the park

The Independent UK

Bulletin PM briefing: Iran’s ceasefire demands and the stolen phone mystery

In case you missed them – here are five of today’s top stories

The Guardian - UK

UK drivers: are fuel price increases making you cut back?

We’d like to speak to people in the UK who are cutting back on fuel use after the increase in petrol and diesel prices linked to the war in Iran

International Business Times

Iran Confirms Receiving 'Unreasonable' U.S. Peace Plan as Mediators Aim For Imminent Meeting

A 15-point U.S. proposal had been delivered to Iran through Pakistan, and Tehran called it "extremely maximalist and unreasonable."

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Barchart

Why Nvidia Could Be One of the Best Stocks to Buy if Trump Does Strike a Deal With Iran

Amid growing hopes of a U.S.-Iran deal, Wolfe Research sees investors rotating back to mega-cap and AI names, with NVIDIA emerging as a key beneficiary.

AAP

RBA ready to shift up a gear as the neutral rate rises

The Iran war will hurt consumers by pushing up prices and slowing the economy but the Reserve Bank must act to contain inflation expectations, an official says.

The Guardian - US

Democrats shut down DHS funding deal from Republicans as standoff continues

Republicans’ proposal would restart almost all of DHS operations but excluded key reforms that Democrats want

Euronews

Save Our Sites: UNESCO raises fresh concerns over Middle East heritage threatened by war

As the war in the Middle East continues, cultural and historical sites in the region are increasingly under threat sparking renewed calls from Middle East states and UNESCO for help protecting heritage sites.

The Times of India

'I may call up the national guard': Trump rants amid Iran tensions; blames Democrats for immigration, airport chaos

US President Donald Trump on Wednesday accused Democrats of attempting to “create inner chaos” to distract from what he described as a “great military achievement” in Iran, while also escalating his rhetoric on immigration and signaling he may deploy the National Guard to address issues at airports.

The Independent UK

How Trump reacted when Hegseth said US will continue Iran conflict

IN FULL

Barchart

Coffee Prices Slip in Hopes Strait of Hormuz Could Soon Be Reopened

May arabica coffee (KCK26 ) today is down -0.50 (-0.16%), and May ICE robusta coffee (RMK26 ) is down -22 (-0.60%). Coffee prices are under pressure today as long liquidation emerged in coffee futures amid hopes that US-Iran diplomacy will soon end the war in Iran and allow for the...

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