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Iran

April 29, 2026

Tehran 8:49 pm

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An Iraqi money dealer counts Iranian rial banknotes bearing a portrait of the late founder of the Islamic Republic of Iran, Ayatollah Ruhollah Khomeini, at an exchange office in Baghdad on Feb. 3, 2012.

Iranian rial hits new record low as blockade, war take toll: What to know

The rial had another collapse in late 2025, triggering massive protests and riots in the country that were ended by a forceful government crackdown.

In this handout photo provided by the U.S. Navy, Two F/A-18 Super Hornets launch from the flight deck of Nimitz-class aircraft carrier USS Abraham Lincoln (CVN 72) in support of Operation Epic Fury on March 3, 2026 in the Mediterranean Sea.

Breaking | Last Updated: April 29, 2026, 12:29 pm

Pentagon: Iran war has cost US estimated $25B so far

A supplemental request won’t be delivered to Congress until the Pentagon fully assesses the war’s cost, a top budget official told House lawmakers.

The Ateela 2 oil tanker boat navigates the sea on April 28, 2026, on Qeshm Island, Iran, in the Strait of Hormuz.

Analysis

How long can Iran's economy withstand Trump's naval blockade?

Iranian authorities are denouncing US seizures of the country's oil tankers as piracy, but mounting disruptions to maritime trade are exposing economic fragility beneath Tehran's claims of control and resilience.

A correspondent in Tehran

By A correspondent in Tehran

In Tehran, reporting on politics

GIUSEPPE CACACE/AFP via Getty Images

Analysis

UAE’s OPEC exit rattles cartel as Gulf alliances shift

OPEC's fourth-largest producer will leave the cartel on May 1, marking the most significant departure in the group’s history as the war changes Abu Dhabi's relationship priorities.

Samuel Wendel

By Samuel Wendel

In Washington, DC, reporting on regional business and tech

Latest News

First LNG tanker transits Strait of Hormuz since Iran war began

Yuichi YAMAZAKI / AFP via Getty Images

Iran floats ‘plan B’ to defuse Hormuz standoff, delay nuclear talks

Iranian walks past a giant billboard reading "The Strait of Hormuz remains closed" at the Revolution Square in Tehran on April 22, 2026.

Turkey’s military spending jumps to $30B, leads Mideast growth in 2025

Turkey's submarines and fast-attack craft ships participate in the live-fire phase of the Blue Homeland-2026 (Mavi Vatan) tactical military exercises in the eastern Mediterranean Sea, in Antalya on April 9, 2026.

Elizabeth Hagedorn

Diplomatic Correspondent

In Washington, DC, reporting on diplomacy, regional politics, human rights

Sabena Siddiqui

In Karachi, reporting on South Asia, Middle East, Iran

A correspondent in Tehran

In Tehran, reporting on politics

Benjamin Houghton

In Durham, reporting on China in the Middle East

Rahim Rahimov

In Baku, reporting on Middle East-Caucasus ties

Mehrnaz Samimi

In Washington, DC, reporting on Iranian culture

Iranian mourners gather around coffins wrapped with the Iranian flags during the funeral ceremony of yesterday's explosion on Jan. 5, 2024, in Kerman, Iran.

Analysis

Israel-Hamas war gets personal for Iran

Targeted killings in Iraq, Lebanon and Syria cause Iran to rethink escalatory options.

Week in Review

Andrew Parasiliti

By Week in Review , Andrew Parasiliti

This picture shows people and Iranian emergency personnel at the site where two explosions in quick succession struck a crowd marking the anniversary of the 2020 killing of Guards general Qasem Soleimani, near the Saheb al-Zaman Mosque in the southern Iranian city of Kerman on Jan. 3, 2024.

Breaking | Last Updated: January 4, 2024, 11:32 pm

ISIS claims responsibility for twin Iran blasts that left nearly 100 dead

Two Islamic State operatives were responsible for the attacks, according to the group.

An Iran Air Boeing 747 passenger plane sits on the tarmac of the domestic Mehrabad airport in the Iranian capital, Tehran, on Jan. 15, 2013.

Why has Iran Air abandoned plans to relaunch Saudi Arabia flights despite detente?

The Iran Air flights to Saudi Arabia were intended to transport pilgrims to Jeddah and were scheduled to take off from Tehran, Mashhad and Isfahan on Wednesday.

Footage shows crowds gathered the moment the first explosion occurred in Kerman, Iran, Jan. 3, 2023.

Explosions in Iran near Qasem Soleimani‘s burial site, 84 killed

The explosion comes amid concerns that the Gaza war will expand across the region.

An Iranian navy missile is displayed during the army day military parade, outside the mausoleum of the late founder of Islamic republic, Ayatollah Khomeini (poster) in Tehran, April 18, 2007.

Iran hails Houthi rebels, deploys warship as Red Sea simmers

As the Houthi spokesman visited Tehran, the Iranian army dispatched a leading destroyer to the Red Sea, where the United States has been mobilizing an international coalition to end disruptions by the Tehran-backed militant group.

Wang Yi speaks during a UN Security Council meeting on the situation in the Middle East and the Israel-Hamas war at the United Nations headquarters on Nov. 29, 2023.

With confidence at all-time high, can China emerge as Mideast peace broker?

China is riding a wave of support since its Iran-Saudi agreement, but experts say the Palestinian-Israeli brokerage is a different matter.

11/24/2023 Tehran, Iran. Two Islamic Revolutionary Guard Corps (IRGC) armed military personnel are monitoring an area while standing guard next to an Iranian Majid anti-aircraft missile system during the Ela Beit Al-Moghaddas (Al-Aqsa Mosque) military rally in Tehran, Iran. (Photo by Hossein Beris / Middle East Images / Middle East Images via AFP) (Photo by HOSSEIN BERIS/Middle East Images/AFP via Getty Images)

2023 in review: Iran sees opportunity in Gaza war, steps up crackdown at home

Iran's theocratic establishment engaged in a flurry of foreign diplomacy to try to ease the international isolation it is facing, while at home it intensified its crackdown on dissent.

Russian President Vladimir Putin and Iran's President Ebrahim Raisi hold a meeting in Tehran on July 19, 2022. - Iran's president will host his Russian and Turkish counterparts for talks on the Syrian war in a three-way summit overshadowed by fallout from the Russian invasion of Ukraine. (Photo by Sergei SAVOSTYANOV / SPUTNIK / AFP) (Photo by SERGEI SAVOSTYANOV/SPUTNIK/AFP via Getty Images)

What is behind Iran-Russia de-dollarization deal as sanctions bite?

The long-awaited agreement was one among several solutions the two countries have sought to salvage their battered economies, which remain cut off from key international banking systems.

MENAHEM KAHANA/AFP via Getty Images

Naftali Bennett: Israel attacked Iran drone base, killed IRGC commander in 2022

Former Israeli Prime Minister Naftali Bennett accused the current government of ignoring the war Iran is waging against it and letting its leaders off the hook.

An Iranian woman holds a poster with a picture of Sayyed Razi Mousavi, commander of the Islamic Revolutionary Guard Corps in Syria, during his funeral ceremony at the Imam Hossein Square in Tehran, Dec. 28, 2023.

Iran executes four alleged spies for Israel as regional tensions flare

The executions follow accusations that Israel was responsible for the death of Sayyed Razi Mousavi, commander of Iran’s Islamic Revolutionary Guard Corps in Syria.

Honor guards carry the coffin of Sayyed Razi Mousavi.

Funeral held for Iran's IRGC commander killed by Israel as Tehran vows revenge

Iran said Sayyed Razi Mousavi was killed in an Israeli strike in Syria. The death of the commander, who was mourned in Syria and Iraq, could ignite war between Israel and the Iran-backed Hezbollah.

Russia's President Vladimir Putin shakes hands with Iran's President Ebrahim Raisi during their meeting in the Kremlin in Moscow Dec. 7, 2023.

Iran in tight spot as Russia backs UAE claim on disputed Gulf islands

Russia-Iran ties were in the spotlight again, and Tehran was put in the unwanted position of having to reservedly criticize the key ally, after Moscow supported the Arab stance on three Iran-controlled disputed islands.