Trump’s reversal on reopening Strait of Hormuz came after backlash from ally: NBC report. Saudi Arabia and Kuwait had reportedly worried if they helped the U.S. with Project Freedom, Iran would retaliate by striking the Persian Gulf. That would kick off discussions to unblock shipping through the strait, lift US sanctions on Iran and set curbs on Iran's nuclear programme.
Iran is accusing the US and ‘some regional nations’ of striking targets in the Strait of Hormuz area. Iranian military statement: “Criminal and aggressive America and its supporting countries should know, Iran will respond decisively to any aggression” More follow up blasts have been reported via state media.
SpaceX is the biggest holding in London-listed investment trust Scottish Mortgage Investment Trust. Other UK-based funds with sizable investments in SpaceX include Edinburgh Worldwide Investment Trust and Baillie Gifford US Growth. For investors who favor a U.S. option, check out this Bloomberg piece from earlier this year.
Boeing is expected to announce an order of up to 500 planes to be delivered to China in the coming months. The deal would be the latest in a long line of deals between Boeing and China. The order could be worth as much as $20 billion, according to the South China Morning Post. Boeing has been struggling to meet its monthly production targets.
The price of regular gas has jumped 52%, or $1.56 per gallon, since the start of the Iran war in late February. The cost is approaching the highest-ever gas price, when it reached $5.02 a gallon in June 2022. Fuel costs climbed even as oil prices edged lower Wednesday on renewed hopes for a U.S.-Iran agreement.
Before the war, a fifth of the world’s traded oil typically flowed through the strait every day. It has also left tens of thousands of mariners and hundreds of ships stranded in the Persian Gulf. 1,550 vessels, from 87 countries, currently stranded in Persian Gulf, according to the U.S. military.
In April 2025, Shiite groups said the Revolutionary Guard had asked them to “do what is necessary” to avoid conflict with the United States. The number of affiliates has swollen to unprecedented levels, “turning them into a social and economic force, not merely a military formation.”
GameStop CEO Ryan Cohen surprised the business world on May 3 when he announced that GameStop was making a bid to acquire eBay. Cohen presented CNBC with a letter from TD Securities confirming that the bank would provide $20 billion in financing. GameStop has also quietly purchased a 5 percent stake in eBay in recent years.
The California Department of Public Health is coordinating with local health officials to monitor a number of residents. Hantavirus spreads primarily between people who are showing symptoms and in close contact. National health authorities are now working to track them down and will make their own decisions about monitoring and even quarantining.
Medics escort a patient, second right, evacuated from the MV Hondius cruise ship with suspected hantavirus infection, to an ambulance after being flown to Schiphol airport, Amsterdam, Netherlands, Wednesday, May 6, 2026. (AP Photo/Misper Apawu)
Mausam has worked with Mint for three years covering national politics, IR, and global affairs. Before joining Mint, she gained experience working with The Statesman, ANI, and Financial Express. She is particularly interested in the intersection of statecraft and society on how governance, ideology, and institutions shape lived realities.
Work and Pensions Secretary Pat McFadden said the economy was going in the right direction. He said projections for unemployment for the rest of the year have been revised upwards as a direct result of the Iran war. Mr McFadden added: “There is a lot of uncertainty if we look further into the year"
Mexican President Claudia Sheinbaum has sought to maintain a strong relationship with Trump. But a series of scandals in recent weeks have set off a political firestorm in Mexico. Trump has engaged more aggressively in Latin America than any U.S. president in recent decades. He has imposed an oil blockade on Cuba and threatened military action on Mexican cartels.
Work and Pensions Secretary Pat McFadden said the economy was going in the right direction. He said projections for unemployment for the rest of the year have been revised upwards as a direct result of the Iran war. Mr McFadden added: “There is a lot of uncertainty if we look further into the year"
Nigel Farage's party is on course for victory in the General Election. Only one-third of the seats were up for grabs in the first round of voting. The result will be announced at 8.30am on Monday morning. Click here for all the latest news from the General election.
Reform UK won hundreds of local council seats in working-class areas in England’s north such as Hartlepool. Nigel Farage suggested his party was on course for a general election victory. With results declared in 29 of the 136 councils, Reform had gained 205 seats and now holds 218.
The White House has put forward two proposals: painting the entire gray granite exterior of the Eisenhower building white or painting most of the building white. White House officials will have to present additional information to the agency on a future date. “We're trying to get all the data first,” a White House official says.
Louisiana says mifepristone coming from out of state by mail is “causing approximately 1,000 illegal abortions in Louisiana each month.” The state says it would agree that the court should take up the case now and hear “oral argument before the summer recess’
A stock trading ban will show that members of Congress represent the public rather than themselves. I’m among those leading the effort to ban congressional stock trading. We need to ban corporate PACs, end stock trading by members of Parliament and outlaw insider trading in prediction markets. How can Congress win back voters’ hope and trust?
Gianni Infantino defends World Cup prices using US market logic. The 2026 World Cup is being hosted by the U.S., Canada and Mexico. President Trump has criticised the decision to charge so much for tickets. The World Cup kicks off on June 14 in Brazil, and runs until July 15.
Iran creates agency to control passage at Hormuz. Report raises concerns over freedom of navigation on which global trade depends. Agency formalizes a system Iran has used to let ships through the strait and charge tolls during the war. Hundreds of commercial vessels bottled up in Persian Gulf and unable to reach the open sea.
Both the US and Iran have threatened an escalation in violence if their respective conditions for a peace deal aren't met. The flare-up comes a day after Iran's foreign ministry said it was considering a US proposal to end the war. The increase in tensions comes despite the US president saying in recent days that the war in Iran will end.
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At least five people were killed after a massive fire broke out at a crowded fairground during a concert in Mexico’s Tabasco state. Pemex confirmed at least one of the victims was an employee. The cause of the fire is currently unkn but authorities are investigating.
A federal court on Thursday ruled that President Donald Trump unlawfully used Section 122 of the Trade Act of 1974 to impose a 10 percent global tariff. The decision, which was handed down in a split ruling from the Court of Internati, came after the Supreme Court struck down his more sweeping worldwide tariffs earlier this year.
The war in Ukraine, now in its fifth year, continues to be a grueling drain on Russian men, its economy and resources. Putin made scant mention of Russia’s invasion of Ukraine in his 10-minute address in 2025, focusing on a long-ago war in which Moscow was a winner.
On Dec. 4, 2020, Meade shot Goodson six times in the doorway of his grandmother’s north Columbus home. Meade fired his department-issued rifle, firing six rounds, which all hit Goodson: five in the back and one in the side. The defense said the only logical reason Meade would have followed Goodson home was that he saw him wave a gun in his car.
UK Health Security Agency says it has located a seventh person who left the cruise ship in St Helena. Some 19 British nationals were listed as passengers on the MV Hondius, which was sailing from Argentina to Cape Verde with four British crew members. A missing Brit who left early has now been traced but has not yet returned to the UK.
Billionaire hedge fund manager says advances in AI resemble the emergence of transformative technologies such as Microsoft's early software dominance in the 1980s. Jones compared the current phase of AI adoption with 1995, when commercial use of the internet accelerated alongside the launch of Windows 95. The hedge fund investor highlighted AI "productivity miracles" as a major catalyst.
Iran creates agency to control passage at Hormuz. Report raises concerns over freedom of navigation on which global trade depends. Agency formalizes a system Iran has used to let ships through the strait and charge tolls during the war. Hundreds of commercial vessels bottled up in Persian Gulf and unable to reach the open sea.
The world’s most famous wildlife presenter is celebrating his 100th birthday. Through BBC programs such as Life on Earth, The Private Life of Plants and The Blue Planet, Attenborough has illuminated the beauty, ferocity and sometimes downright weirdness of nature. “I’d find a fossil and show it to my father and he would say ‘Good, good, tell me all about it’ So I responded and became my own expert,” he said.
The war, launched by the United States and Israel in late February, has seen Iran respond with attacks across the Middle East. The Strait of Hormuz is the gateway to the Gulf oil and gas industries and a strategic trade route. Trump had this week briefly launched a naval operation to escort commercial vessels and force open the strait.
Work and Pensions Secretary Pat McFadden said the economy was going in the right direction. He said projections for unemployment for the rest of the year have been revised upwards as a direct result of the Iran war. Mr McFadden added: “There is a lot of uncertainty if we look further into the year"
The new map carves up a Memphis-based seat held by longtime Rep. Steve Cohen, D-Tenn., into three districts, spreading the Democratic voters into more rural, Republican districts that stretch hundreds of miles east. It further divides the Nashville metropolitan area, the state’s other Democratic stronghold, into five districts.
Fiji is celebrating its 150th anniversary this year. The country has a long history of being part of the Commonwealth. It is also one of the most successful economies in the world. It has been a source of pride for many people in the country, especially its young people. It's also a place of inspiration for many of its residents.
Israel has expanded its military campaign by bombing Beirut in the first strike on the Lebanese capital since a ceasefire came into force on April 17. Hezbollah says its fighters carried out 17 targeted strikes against Israeli forces inside Lebanese territory, accusing Israel of repeatedly violating the ceasefire. A fragile ceasefire between the U.S. and Iran has largely held since April 8.
The price of regular gas has jumped 52%, or $1.56 per gallon, since the start of the Iran war in late February. The cost is approaching the highest-ever gas price, when it reached $5.02 a gallon in June 2022. Fuel costs climbed even as oil prices edged lower Wednesday on renewed hopes for a U.S.-Iran agreement.
The dominance of America’s currency runs deeper than oil. The EU wants to unshackle its economy for real this time. Eurocrats are belatedly developing a healthy distaste for red tap. An outspoken financier wants to build a modern-day Berkshire Hathaway.