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Ted Turner, the media mogul who founded CNN and created the 24-hour news cycle, has died at the age of 87. His death was confirmed by Turner Enterprises and announced by CNN on Wednesday. Turner's legacy includes not only the groundbreaking news network but also significant philanthropy, including a $1 billion donation to the UN.
China's Foreign Minister Wang Yi said Beijing would play a greater role in ending Middle East hostilities, as the US hopes China will influence Iran. The remarks come amid a fragile ceasefire and concerns over maritime security in the Strait of Hormuz.
US Secretary of State Marco Rubio announced that Operation Epic Fury, the US-Israeli offensive against Iran, has concluded after achieving its objectives. However, clashes in the Strait of Hormuz and conflicting claims between Washington, Tehran, and the UAE suggest the ceasefire remains fragile.
An Opinium poll finds 80% of people in the UK are worried the Iran war will make groceries more expensive, with 73% expecting higher prices for other products. Multiple surveys and bank data point to falling consumer confidence and spending as energy and food costs rise. Business leaders have urged the government to cut energy costs for retailers.
Vivek Ramaswamy, the biotech entrepreneur and former presidential candidate endorsed by President Donald Trump, secured the Republican nomination for Ohio governor. He defeated challenger Casey Putsch and will face Democrat Amy Acton in the November general election. The race is viewed as closely watched amid shifting state political dynamics.
US President Donald Trump has paused the American operation to escort vessels through the Strait of Hormuz as negotiations with Iran continue. The move comes amid a fragile ceasefire and a US blockade of Iranian ports, with thousands of mariners still trapped in the Gulf.
Russian Foreign Minister Sergey Lavrov held phone calls with Qatari and UAE counterparts in late April and May, focusing on the situation in the Strait of Hormuz. Both sides stressed the need for diplomatic solutions and warned against resuming hostilities, while also discussing bilateral cooperation and a forthcoming trade agreement.
The US and Iran exchanged attacks in and around the Strait of Hormuz, with Washington launching 'Project Freedom' to reopen the waterway and Tehran accusing the US of reckless military action. The UAE reported intercepting Iranian missiles and drones, while the US said it sank six Iranian boats. Both sides deny each other's accounts of the clashes.
Iranian missile and drone strikes on the UAE, targeting civilian infrastructure including the Fujairah energy hub, have drawn widespread international condemnation. Saudi Arabia, Qatar, France, Germany, and other nations called for de-escalation and a return to diplomacy, while Iran defended the attacks citing US military actions.
The conflict between US-Israel and Iran has triggered a global oil shock, with the Strait of Hormuz at the center. Pakistan faces soaring fuel prices and a ballooning import bill, while India projects slower growth. Analysts warn of long-term economic vulnerabilities.
Iran has accused the US of killing five civilians in a strike on two passenger boats in the Strait of Hormuz, contradicting US claims that it sank Iranian Revolutionary Guard vessels. The incident adds to rising tensions as the US seeks to reopen the vital waterway, with Iran also reporting broader civilian casualties among its seafarers.
An explosion and fire aboard the HMM Namu, a Panama-flagged bulk carrier, in the Strait of Hormuz was extinguished with no injuries among the 24 crew members. The cause remains under investigation, with South Korean officials expecting a multi-day analysis. Iran has denied any military involvement, while U.S. President Trump suggested Tehran had taken shots at the vessel.
The US and Iran exchanged fire over the Strait of Hormuz on Monday, with Washington launching a naval operation to reopen the waterway and Tehran responding with attacks on ships and a UAE port. A fragile ceasefire appeared to be at risk as both sides reported strikes and denied the other's claims.
US Central Command announced that two US-flagged merchant vessels have successfully transited the Strait of Hormuz as part of Operation Project Freedom, which aims to restore commercial shipping through the vital waterway. The operation involves guided-missile destroyers, over 100 aircraft, and 15,000 service members. Iran had previously warned that such efforts would violate the ceasefire.
NATO Secretary-General Mark Rutte said European leaders have 'gotten the message' from US President Donald Trump, acknowledging US disappointment over Europe's reluctance to support the Iran war. The US announced plans to withdraw 5,000 troops from Germany, prompting European leaders to call for a stronger European role in NATO.
French President Emmanuel Macron has called for a coordinated reopening of the Strait of Hormuz, expressing caution over a US-led operation to free ships stranded in the waterway. Iran has warned of attacks on US forces if they approach the strategic strait, while Macron stressed the need for a joint US-Iran agreement.
US Secretary of State Marco Rubio is in Rome for meetings with Pope Leo XIV and Italian leaders, in an effort to ease tensions triggered by President Trump's verbal attacks on the pontiff over his opposition to the US-Israeli war in Iran. The visit also comes amid friction between Washington and Rome over the conflict and its broader implications.
OPEC+ agreed on Sunday to raise its collective production quota by 188,000 barrels per day for June, a move widely described as largely symbolic given ongoing disruption of Gulf oil exports through the Strait of Hormuz. The decision came days after the United Arab Emirates formally left the group, and analysts say it signals continuity rather than any real change in physical supplies.
A senior Iranian military officer said renewed conflict with the United States is likely, hours after President Trump expressed dissatisfaction with Tehran's latest negotiating proposal. The war has been on hold since April 8, with one failed round of talks in Pakistan, while tensions remain high over nuclear issues and regional hostilities.
The UAE officially left OPEC and OPEC+ on May 1, ending nearly six decades of membership. The decision, attributed to national interests and long-simmering quota disputes, underscores a deepening rift with Saudi Arabia and rising tensions among Gulf states amid the Iran war. Analysts see the move as a significant blow to the cartel’s cohesion.