
Qatar Signals Progress in US-Iran War Talks
Qatar's foreign ministry said mediators including Qatar, Pakistan, and Oman have reached "very progressive stages" in efforts to end the US-Iran war, pushing Brent crude down more than four percent.
Key Takeaways
May 8, 2026 · 2 min read · By Rishabh Bhardwaj
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The UK's ruling Labour Party has taken early hits in local council elections, with Reform UK and the Greens picking up gains at Labour's expense. The results, while still partial, point to a voter mood that is restless and pulling in two directions, toward Reform on the right and the Greens on the left.
Reform UK, led by Nigel Farage, has been making ground in areas where Labour had hoped to hold firm. The Greens are also advancing, suggesting Labour is losing support from progressive voters as well as those drawn to Reform's harder line on issues like immigration and public services. Being squeezed from both flanks is a difficult position for any governing party this early in its term.
Keir Starmer's Labour won a large parliamentary majority at the 2024 general election, but local elections often work differently, turnout is lower, protest votes count more, and voters use them to send signals without changing national government. Still, consistent losses at this level can erode a party's activist base, fundraising, and sense of momentum.
The question of whether Starmer might face pressure to resign is being raised, but the source material does not provide evidence of any formal challenge, internal rebellion, or named critics calling for his removal. Local election losses alone rarely topple a sitting prime minister, particularly one who holds a strong Commons majority. What they can do is sharpen internal debate about strategy, messaging, and policy direction.
The gains by Reform are worth watching closely. If Farage's party converts local council footholds into a sustained national polling surge, it changes the competitive pressure on Labour heading into the next general election cycle. Green gains, meanwhile, could push Labour's left wing to demand more on climate and public spending.
Full results and a clearer national picture will emerge over the coming hours and days. The scale of Labour's losses, and whether Reform or the Greens claim headline wins in high-profile contests, will determine how much pressure lands on Starmer's leadership in the near term.

Qatar's foreign ministry said mediators including Qatar, Pakistan, and Oman have reached "very progressive stages" in efforts to end the US-Iran war, pushing Brent crude down more than four percent.
Qatar confirmed it is mediating between the US and Iran but said no direct talks are currently planned. The clarification follows conflicting statements from President Trump, who claimed talks are under way, and Tehran, which denied any dialogue is happening.
Saudi Aramco reported sharply higher second-quarter 2026 profits as the Iran war restricts global oil supply and pushes crude prices up. Other oil supermajors also posted outsized earnings, raising concerns about sustained fuel cost pressure for importing economies.
President Trump called current Iran negotiations the "last chance" to end five months of conflict, pushing oil prices higher. Tehran denied formal talks are taking place, raising the risk of a diplomatic breakdown with direct consequences for global energy markets.