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Marine insurers cut Hormuz coverage pricing window as Iran conflict raises risks - CNN

Jul 10, 2026, 09:13 GMT+1

Marine insurers are pricing war risk coverage for ships transiting the Strait of Hormuz just six hours before voyages because of the conflict involving Iran, David Smith, head of marine at London broker McGill and Partners, told CNN.

"Following a period of relative stability and recovering transit volumes, recent events in the Strait of Hormuz have once again shifted the risk landscape," Smith said.

War insurance premiums now "track exactly what is happening geopolitically... almost on an hourly basis," he said, adding that underwriters wanted to price policies six hours before a transit, down from the usual 24 to 48 hours.

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Iran lawmaker says slain supreme leader's death united Muslim nations

Jul 10, 2026, 09:04 GMT+1

An Iranian lawmaker said the death of the country's slain supreme leader had become a unifying force for Muslim countries and would strengthen resistance to the United States and Israel.

Mohammad Amir said the slain leader's blood was the "missing link" to unity, adding that "the blood of the martyred leader" completed "the chain of unity."

He also said Iran's military capabilities had "exposed the false and intimidating image of America to the world" and "revived the courage to confront arrogance in the hearts of nations," according to parliament's ICANA news agency.

Iran army chief vows to carry on 'path of slain supreme leader'

Jul 10, 2026, 07:49 GMT+1

Iran's Army Commander-in-Chief Abdolrahim Mousavi said the military would continue the path of the country's slain supreme leader, according to the Tasnim news agency.

"The path of the martyred leader of the revolution will continue with strength," Mousavi said in a message thanking Iranians for what he described as their "historic" turnout at the leader's funeral.

He said the public attendance showed the "unbreakable bond between the nation and the ideals of the Islamic Revolution" and sent "a clear message to the enemies," Tasnim reported.

Iran's nuclear threat is greater than reported - JNS

Jul 10, 2026, 06:35 GMT+1

Iran's nuclear capabilities have been "vastly understated," an opinion article by Jarrow L. Rogovin published by JNS argued, calling for US action against both the country's nuclear program and its government.

"The disturbing fact is that Iran potentially has at least 35 nukes. Almost no one mentions its 20% enriched material, and no one is talking about its 5% trove," Rogovin wrote.

He also added that "Iran should have no access to nuclear material other than imports for medical uses" and argued that "it's not just Iran's nuclear ambitions that need to be thwarted, but also the regime itself."

"Thus, the United States should vet, arm and train a domestic insurgency," Rogovin wrote.

Australia's Wong calls for stability amid Iran conflict escalation

Jul 10, 2026, 05:54 GMT+1

Australia's Foreign Minister Penny Wong called for stability amid escalating tensions involving Iran, saying the situation posed risks to global peace and security.

"We all want to see stability return," Wong told Sky News Australia on Friday.

"I think we all understand the risk to global peace and security that the Iranian regime represents," she said.

"They facilitated and orchestrated attacks in Australia on Australian soil," Wong said.

Tehran torn between war and deal as Khamenei is buried

Jul 10, 2026, 03:30 GMT+1
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Behrouz Turani
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A woman holds a portrait of Ali Khamenei near graffiti supporting his successor Mojtaba Khamenei during funeral ceremonies in Tehran, July 7, 2026

Iran’s media landscape is sharply split over the latest escalation, with moderate outlets warning that ordinary Iranians will pay the price and hardline voices calling for forceful retaliation against US interests and regional energy routes.

The debate comes as Ali Khamenei was buried in Mashhad after a week of funeral ceremonies, marking the symbolic beginning of a new political era for the Islamic Republic.

One headline on a leading Tehran news site captured the anxiety: “People will have to pay the price of uncalculated slogans.”

Other outlets warned of “the very high possibility of a full-fledged war,” soaring exchange rates and gold prices, and a country trapped in “a war between wars.”

Coverage on pro-reform Fararu and other outlets reflected growing concern over security and the economy, as Iranians rushed to convert savings into gold and dollars in a volatile market reacting to every comment from Tehran or Washington.

‘Incation worse than compromise’

Economist Mehdi Pazouki warned in an interview with Fararu that continued uncertainty would deepen the damage to Iran’s economy and people’s livelihoods.

“Every single day earlier that the agreement is signed is in the country’s interest,” he said, urging Tehran to finalize an agreement with Washington and pursue deeper reforms.

“The cost of inaction is far greater than the cost of compromise,” he added.

Despite renewed military escalation, Reuters cited a US official on Thursday as saying Washington remained committed to finding a resolution with Iran and that technical talks were continuing.

The pro-Pezeshkian daily Etemad voiced concern over the growing pressure on Iran’s state institutions.

While acknowledging what it called “the necessity of a calculated defense to deter unilateral American bullying,” the paper warned that a wider regional war could overwhelm civilian systems.

It pointed to casualties reported by the Health Ministry—at least 14 killed and 78 wounded—and damage to transport corridors in Khuzestan and Golestan provinces.

Etemad urged the Supreme National Security Council to ensure that any military response does not close backchannel or third-party diplomatic efforts, arguing that preventing a broader crisis must remain the government’s priority.

Sharq warned that US strikes on bridges and the Tehran-Mashhad railway marked a shift toward what it described as efforts to isolate Iran’s domestic markets.

Sharq said Iran’s ability to withstand pressure depends not only on military power but also economic durability, urging the government to use global concerns over energy instability to push for mediation.

‘Sacrilegious and criminal’

Hardline outlets presented the same developments as evidence that Iran should abandon restraint and expand its response.

Conservative factions framed the latest strikes as an opportunity to enforce Iranian control over the Strait of Hormuz.

Kayhan, whose chief is customarily appointed by the Supreme Leader, described the targeting of the Tehran-Mashhad railway corridor ahead of the late Supreme Leader’s burial as a “sacrilegious and criminal act of desperation.”

It argued that Supreme Leader, Mojtaba Khamenei now had a mandate for defiance, warning that any attack on Iran’s infrastructure would render “the entire maritime transit apparatus of the Persian Gulf completely non-operational.”

In a commentary headlined “Shattering the Logistics of Aggression,” the municipal daily Hamshahri praised Iranian strikes on US targets, including Patriot missile infrastructure in Kuwait and fuel depots in Bahrain.

Hamshahri argued that by expanding attacks to include host nations, Tehran was weakening what it described as the American security umbrella in the region.

The paper warned that disruption of Iran’s transport networks would be answered with paralysis of the regional energy supply chain.