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The rally that propelled gold and silver to record-breaking highs in 2025 could pick up again if a U.S.-Iran peace deal is reached, market watchers told CNBC as prices ticked higher on Thursday.
U.S. Secretary of State Marco Rubio opened a fence-mending visit to the Vatican on Thursday after President Donald Trump’s broadsides against Pope Leo XIV and the U.S.-Israeli war in Iran angered the Holy See and sparked ongoing sparring between the two American leaders.
Iran says US proposal to end the war is still 'under review'
Iran’s President Masoud Pezeshkian said he met recently with Supreme Leader Mojtaba Khamenei, state media reported on Thursday, offering a first public account of him meeting Khamenei after the latter suffered severe wounds at the start of the US-Israeli war on Iran.
The United States was waiting on Thursday for Iran to convey its response to the latest American proposal to end the war, after public messages from top-ranking officials on both sides suggested a burst of behind-the-scenes diplomatic activity.
Hotel occupancy in Dubai is projected to fall to 10 percent in the second quarter of 2026 from 80 percent before the Iran war began at the end of February, the Wall Street Journal reported, citing Moody’s Analytics.
Brent crude futures briefly tumbled below $100 a barrel on Wednesday morning after an Axios report indicated the Trump administration and Tehran were working toward a one-page memorandum of understanding to end the war and reopen the Strait of Hormuz.
Bahraini authorities issued sentences of up to three years and fines for 14 people in seven cases linked to Iranian attacks on the Gulf state.
Bahraini authorities issued sentences of up to three years and fines for 14 people convicted in seven cases linked to Iranian attacks on the Gulf state.
The chief executive of Maersk, one of the world's largest shipping companies, said Thursday that one of its commercial vessels was able to successfully pass through the Strait of Hormuz thanks to a "very well executed mission" by the U.S. Navy.
The US and Iran have offered conflicting messages over the likelihood of a deal being reached imminently
The Burswood racetrack and Perth Park project remains costed at $217.5 million despite stark warnings about the impact the war in Iran could have on Western Australia’s construction sector.
The U.S.-Iran war had created a "new wake-up call" for global trade, Maersk CEO Vincent Clerc told CNBC on Thursday, warning that the impact could worsen in the coming months.
Spanish airlines Iberia, Vueling and Air Europa and have all said they are maintaining their regular flight schedules with no changes to their flights or prices, despite rising fuel costs caused by the war in Iran.
DUBÁI, Emiratos Árabes Unidos (AP) — Irán indicó que está revisando las últimas propuestas estadounidenses para poner fin a la guerra, mientras el presidente de Estados Unidos, Donald Trump, amenazó al país con una nueva ola de bombardeos a menos que se alcance un acuerdo que incluya reabrir el crucial estrecho de O…
United States President Donald Trump has said the US has held “very good talks” with Iran and suggested a deal to end the conflict could be within reach, as Tehran says it is still reviewing a US proposal delivered through mediator Pakistan.
Iran’s top negotiator has mocked US President Donald Trump after he abruptly suspended American efforts to guide ships through the Strait of Hormuz, adding that Washington was again spreading falsehoods about ongoing talks.
Iran’s top negotiator has mocked US President Donald Trump after he abruptly suspended American efforts to guide ships through the Strait of Hormuz, adding that Washington was again spreading falsehoods about ongoing talks.
DUBAI, United Arab Emirates (AP) -- Iran has said it is reviewing the latest American proposals on ending the war, as US President Donald Trump threatened the country with a new wave of bombing unless a deal is reached that includes reopening the crucial Strait of Hormuz to international shipping.
A Democratic lawmaker is drawing backlash after saying she spoke with foreign ambassadors about getting oil to Cuba despite US sanctions, defending the outreach as “literally our right and responsibility.”
From tariff turmoil and stock shocks to market meltdowns, the global financial system has never been in such flux.
(ATTN: ADDS details in 4th para, bond yields at bottom)
DUBAI, United Arab Emirates (AP) — Iran has said it is reviewing the latest American proposals on ending the war, as U.S. President Donald Trump threatened the country with a new wave of bombing unless a deal is reached that includes reopening the crucial Strait of Hormuz to international shipping.
Iran says the country’s ports are prepared to provide maritime services, technical support, supplies, and medical assistance to vessels stranded in the Strait of Hormuz.
US secretary of state will hold talks with Italian government, also berated by Trump for not supporting Iran war
El secretario de Estado de Estados Unidos, Marco Rubio, abandona la sala de prensa James Brady tras hablar con reporteros, en la Casa Blanca, el 5 de mayo de 2026, en Washington. (AP Foto/Jacquelyn Martin)
Iran says it ‘firmly rejects and categorically denies’ allegations that it was responsible for the explosion on board the HMM Namu
Iran says it ‘firmly rejects and categorically denies’ allegations that it was responsible for the explosion on board the HMM Namu
South Korean stocks extended their bullish run Thursday to close at a new all-time high after briefly topping the 7,500-point mark on hopes for a Washington-Tehran deal to end their war and positive outlooks on chipmakers, backed by an artificial intelligence boom. The local currency gained against the US dollar.
US President Donald Trump has repeatedly criticised Nato allies for failing to support the US-Israeli attack on Iran on 28 February, an escalation that led to the closure of the Strait of Hormuz - the world’s most critical energy artery - bringing misery to millions across the globe.
The Iran war is the latest link in a chain of crises that is strengthening the world’s deglobalisation coalition. In an effort to secure supply chains and detach themselves from the economies of hostile states, a number of nations around the world are straining every sinew to localise production. While this is an un…
This is AI generated summarization, which may have errors. For context, always refer to the full article.
This is AI generated summarization, which may have errors. For context, always refer to the full article.
(ATTN: ADDS more info, comments in paras 3-4, 10-18)
Just over a year after Disney announced plans to open its first Middle East theme park in Abu Dhabi, the company has confirmed the project remains on track despite mitigating circumstances since the start of the Iran war on February 28.
Just over a year after Disney announced plans to open its first Middle East theme park in Abu Dhabi, the company has confirmed the project remains on track despite mitigating circumstances since the start of the Iran war on February 28.
SEOUL, May 7 (Yonhap) -- South Korean stocks extended their bullish run Thursday to close at a new all-time high after briefly topping the 7,500-point mark on hopes for a Washington-Tehran deal to end their war and positive outlooks on chipmakers, backed by an artificial intelligence (AI) boom. The local currency ga…
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Profits at oil giant Shell have risen in the first three months of the year following the sharp increase in oil prices since the beginning of the Iran war.
Firm benefits from conflict to rake in $6.9bn as higher energy prices turbocharge profits
European stocks opened slightly higher on Thursday as investors await the outcome of reports that Washington and Tehran are nearing an agreement to end the war.
British energy major Shell on Thursday reported stronger-than-expected first-quarter profit as the Iran war sent energy prices soaring.
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U.S. Secretary of State Marco Rubio will meet with Pope Leo on Thursday. The visit was first seen as an attempt to improve relations with the Trump administration following a series of attacks by U. S. President Donald Trump on social media against the pope. (AP video by Paolo Santalucia and Silvia Stellacci, produc…
Washington: It was April 17, nearly three weeks ago, when Donald Trump declared Iran had “agreed to everything” he wanted and, in a flurry of social media posts and interviews, cast the war as all but over.
Korean won climbs to pre-Iran war level on returned risk appetite
Hello, this is Leonie Kidd writing to you from London. Welcome to another edition of CNBC's Daily Open.
Iran is reviewing a US peace proposal outlining a 14-point framework to end the war, as talks gather pace over wider terms that include reopening the Strait of Hormuz.
In today’s episode of Trending Middle East, the world is awaiting Iran’s response to a US proposal aimed at ending the war, as Washington and Tehran move closer to a possible framework agreement covering sanctions, shipping and Iran’s nuclear programme.
WASHINGTON (AP) -- The Trump administration's approach to the Iran war over the past 24 hours has pinballed from declarations that a tenuous ceasefire was holding and military operations were over to new threats of bombing the Islamic Republic.