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Oil prices tumble, stocks rally on Mideast peace hopes
US President Donald Trump said talks with Iran are progressing, leading to a drop in oil prices and a rise in global stocks.
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Lead story
US President Donald Trump said talks with Iran are progressing, leading to a drop in oil prices and a rise in global stocks.

Trump threatened Iran with increased bombing if the Strait of Hormuz is not reopened. The strait has been virtually shut since the conflict began on February 28 with air attacks on Iran by the U. S.

Three passengers were evacuated from a cruise ship off Cape Verde due to a hantavirus outbreak. Three passengers have been evacuated from a cruise ship off the coast of Cape Verde after an outbreak of hantavirus.

A US jet fired on an Iranian ship as part of a blockade despite growing peace talks. Iran war latest: US jet fires on Iranian ship as part of blockade - despite growing peace talks momentum Sky News.

US President Donald Trump said the US has had "very good talks" with Iran in the last 24 hours, leaving the door open to a possible deal. The statement comes after a series of diplomatic efforts to revive the stalled nuclear agreement.

President Trump warned that bombing will resume if Iran does not agree to peace. Trump says bombing will resume if Iran doesn't agree to peace: Iran war updates USA Today.

Iran and China envoys met as the US paused its effort in Hormuz. US-Iran Ceasefire Live Updates.
An Israeli court rejected an appeal from two Gaza flotilla activists who were detained by Israeli forces. The two were seized by Israeli forces and brought to Israel for questioning, while the others were taken to the Greek island of Crete and released.

A prolonged US-Iran war is forcing a global energy reset, prioritizing energy security. Energy Security Returns To The Forefront As Prolonged U. S.-Iran War Forces A Global Energy Reset.

Iran's foreign minister seeks China's support for a new post-war regional framework. Mr. Araqchi’s one-day trip comes a week ahead of U. S. President Donald Trump’s scheduled visit to Beijing for a summit with President Xi Jinping on May 14 and 15.

Iran's oil sector is under pressure due to a US blockade. Tehran says it can endure the pain, but its oil may soon have nowhere to go. Iran’s Oil Sector and Economy Are Under Pressure as U. S.

India and Algeria signed the Rules of Procedure to oversee defence cooperation between the two countries. Both sides signed the Rules of Procedure to oversee the implementation of India-Algeria defence cooperation, which will guide future joint commission engagements and streamline collaboration mechanisms between the two countries.

US President Trump paused the Hormuz operation to allow time for a potential agreement with Iran. Project Freedom will be paused for a short period of time to see whether or not the agreement can be finalised and signed, U. S.

SpaceX signed a data centre deal with Anthropic, easing capacity constraints for the company. Deal gives IPO-bound SpaceX a marquee customer, while helping Anthropic ease capacity constraints.
A Democratic lawmaker accused Howard Lutnick of enabling a cover-up related to Epstein. A Democratic lawmaker called Howard Lutnick “a pathological liar who is enabling the most egregious cover-up in American history.”.

Rubio will visit India for bilateral talks with Jaishankar, Doval, and Prime Minister Modi. Rubio will hold talks with Jaishankar and Ajit Doval, and call on Prime Minister Modi, in discussions that are expected to set the course for India-U. S.

The BJP's West Bengal victory may impact India's national politics and 200 million Muslims. These state elections could reshape national politics for 200 million Muslims.

China has unveiled the J-35AE stealth jet, a rival to the F-35, with Pakistan potentially being its first buyer. The export-focused model is expected to mirror its domestic counterpart in performance, marking a significant development in China's military aviation capabilities.

India hosted Vietnam's General Secretary To Lam to discuss cooperation under India's Act East Policy. India hosts General Secretary of Communist Party of Vietnam’s Central Committee To Lam, who is also the current Vietnamese President.

Russia began rolling mobile internet shutdowns in Moscow and other cities citing drone security concerns. Russia has begun rolling mobile internet shutdowns in Moscow and other cities.

Switzerland's spy agency reported that Russia is escalating its long war against the West, citing increased cyberattacks and disinformation campaigns. The agency warned that Russia's tactics are becoming more sophisticated and difficult to counter.
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