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Former President Trump has threatened to bomb Oman if it interferes with US actions in the Strait of Hormuz, reiterating his stance on controlling the vital waterway. This comes amidst heightened tensions and threats from Iran to go on the offensive in the Strait if diplomatic efforts with the US fail.
Rising fuel prices, attributed to the ongoing conflict between the US and Iran, are significantly impacting airline finances, with Polish carrier LOT reporting increased expenditures.
As the US-Iran conflict shows no signs of abating, oil traders and policymakers are questioning whether global oil stocks are sufficient to offset the potential impact of a prolonged war. The critical question is if they can weather another six months of conflict.
The US now anticipates that oil supply disruptions stemming from the US-Iran war will persist through the end of 2027, a significant extension from initial expectations.
Saudi Arabia, Turkey, and Pakistan signed a joint defense agreement, dubbed an "Islamic NATO," amid regional violence from Houthi attacks and the US-Iran war, sparking discussions about its implications for regional power dynamics and prompting Greece to review its Patriot missile deployment in Saudi Arabia monthly.
Oil prices rose due to concerns over potential supply disruptions after Iran proposed a deal with Oman to bar US and Israeli ships from the Strait of Hormuz. Despite the proposal, former President Trump indicated that talks regarding the strait were progressing.
RBI's Repo Rate Policy: Domestic economic activity has shown resilience amidst geopolitical uncertainty, said RBI Governor Sanjay Malhotra.
A cargo ship was struck by a projectile near the Strait of Hormuz, off the coast of Oman, amidst ongoing uncertainty surrounding US-Iran talks. Iran's president stated that Tehran does not intend to expand the war, while Qatar continues efforts to find a solution between the US and Iran.
Iran has denied any current negotiations with the United States, contradicting President Trump's claims of progress on talks regarding the Strait of Hormuz. This denial comes after Trump announced he had called off a planned attack on Iran to seek a nuclear deal, causing oil prices to drop.
The potential for a US-Iran war has exposed Pakistan's oil security gap, renewing calls for strategic oil reserves due to the country's dependence on fuel imports. This highlights vulnerabilities in Pakistan's energy infrastructure.
Mike Dempsey, former acting Director of National Intelligence, suggested that a 'frozen conflict' is the most probable resolution for any potential U.S.-Iran war, sharing his analysis on Forbes Newsroom.
Brent futures fall $1.03, or 1.2%, to $88 a barrel
Saudi Arabia is navigating a difficult geopolitical dilemma as it attempts to remain neutral in the ongoing conflict between the US and Iran, which began on February 28.
Saudi Arabia faces a critical choice between retaliating to deter further aggression or de-escalating the situation as it tries to avoid being drawn deeper into the US-Iran conflict.
Nigeria recorded Africa's highest petrol price increase, a 39.5% surge in the first half of 2026, attributed to the US-Iran war despite the nation's growing domestic refining capacity.
Λίγο μετά την έναρξη του πολέμου, στις 28 Φεβρουαρίου, ο πρόεδρος των ΗΠΑ, Ντόναλντ Τραμπ, δήλωνε ότι το Ιράν είχε «ηττηθεί ολοκληρωτικά και θέλει συμφωνία».
The effective closure of the Strait of Hormuz in early March left crude tankers stranded, prompting refiners to urgently secure alternative supplies. This situation led to fluctuations in Russian crude prices as India increased its procurement.
Economists estimate that the UK's fiscal headroom could shrink to as little as £7 billion, putting pressure on Chancellor Healey to consider tax increases or spending cuts due to new commitments and the US-Iran war.
The United States has imposed new tariffs on imports from 60 trading partners, including the European Union and Nigeria, with rates up to 12.5% over claims of forced labor. EU foreign policy chief Kaja Kallas expressed negative surprise at the move, while some articles also mention unrelated US strikes on Iran.
Houthi rebels have claimed responsibility for attacking two Saudi oil tankers in the Red Sea, escalating tensions in the region. This incident occurred amidst ongoing US strikes against Iran.
Experts warn that the escalating Middle East crisis, driven by potential US-Iran conflict, is pushing global energy markets to a critical juncture. This situation is expected to further impact the slowing Australian economy, making an RBA interest rate hike twice as likely.
The United States conducted its tenth consecutive night of strikes against Iran, following an Iranian attack on a tanker in the Strait of Hormuz. This escalation marks a new front in the ongoing conflict between the two nations.
Yemen's Houthi rebels have declared a maritime embargo on Saudi Arabia, threatening to block shipping routes. Saudi Arabia has condemned the move, warning of a strong response and raising concerns about an escalation of conflict.
Amidst the US-Iran conflict, Gulf nations such as Kuwait face critical questions about their water security and reliance on desalination plants.
A US service member was killed in northern Iraq during a controlled detonation of an Iranian drone. This incident occurred amidst heightened tensions, with reports also mentioning the discovery of unidentified human remains in Jordan.
Iran has claimed to have destroyed 'several US refuelling aircraft and fighter jets' and caused 'serious damage to many more' in an alleged strike in Jordan.
The United States has carried out fresh strikes against targets in Iran, prompting Iran to threaten the closure of additional critical maritime trade routes. This escalation raises concerns about the potential impact on international shipping and regional stability.
Thirteen Indian nationals have died and three are missing in the Gulf region since late February, with recent attacks on commercial ships contributing to the casualties amidst escalating regional tensions.
A commercial vessel, the GFS Galaxy, was attacked off the coast of Oman, resulting in one Indian national missing and 23 people rescued. India has condemned the attack, which occurred hours after a US strike in the region.
A report indicates that the Dangote Refinery is experiencing a significant increase in demand for refined products due to the ongoing US-Iran conflict, which is boosting the wealth of Aliko Dangote and Nigeria's economy.
Tensions in the Middle East have escalated significantly as US-Iran strikes resume, with both sides accusing each other of truce violations. The US has killed a member of Iran's Islamic Revolutionary Guard Corps, while Iran claims retaliatory strikes on US bases and sharply criticizes further US airstrikes as a serious war crime. President Trump has declared the ceasefire deal over, calling Iranians 'scum' and stating he is their 'No 1 target,' as the Strait of Hormuz remains a flashpoint for retaliatory attacks.
According to the IMF, the global economy has so far avoided a steeper slowdown despite the war, as strong demand linked to the technology sector has helped offset the impact of reduced energy…
Prosecutors have indicted four major domestic refiners in South Korea for a 26 trillion-won ($17 billion) price-fixing case, which reportedly occurred after the outbreak of the US-Iran war earlier this year.
Prime Minister Modi commended 140 crore Indians for their resilience in defeating attempts to destabilize the nation during a challenging global energy crisis, which he linked to the US-Iran war.
A major road repair initiative in Punjab, India, is experiencing delays and slowdowns, reportedly due to the broader economic and geopolitical impacts stemming from the ongoing US-Iran conflict.
The US Supreme Court has rejected Donald Trump's appeal in the E. Jean Carroll defamation case. This decision comes amidst various other news concerning Trump, including his announcement of resumed talks between the US and Iran in Doha, and his sharing of an AI image for the White House's 250th anniversary.
Pakistan has launched strikes against Jamaat-ul-Ahrar and Fitna al-Khawarij camps in Afghanistan under 'Operation Ghazab Lil Haq'. This action follows Pakistan's previous role as a mediator in US-Iran relations.
Iran has warned vessels against crossing the Strait of Hormuz without authorization, asserting its intent to control all routes through the strategic waterway. Despite these threats, maritime traffic continues, with some tankers navigating the strait.
Qatar and Washington have denied claims that Qatar's prime minister snubbed U.S. Senator JD Vance. This comes as Pakistan's role as a key mediator in ending the US-Iran conflict is highlighted.
A weak monsoon, exacerbated by El Nino, is identified as a potentially greater concern for India's economy and inflation than the US-Iran conflict, due to its impact on crop sowing, harvest, and prices.
Oil tanker traffic in the Strait of Hormuz has significantly increased following a new agreement between the US and Iran to open the sea lane, though Iran has also introduced new 'insurance fees' and asserted control over the strait.
The Foreign Office has removed its 'do not travel' advice for Dubai, though it still describes the situation as unpredictable. This change comes after thousands of British citizens were left stranded in the Middle East when the US-Iran war erupted in early 2026.
Poland's government has approved a one-off windfall tax on fuel companies that benefited from soaring energy prices during the US-Iran war.
G7 leaders have committed to firm military support for Ukraine and intensified sanctions against Russia, with a joint declaration signed by all, including Donald Trump. Trump, who attended the summit, reportedly shifted his stance, indicating a willingness to impose stricter sanctions on Russia and provide military aid to Ukraine.
Following a truce between the US and Iran, the Strait of Hormuz is expected to take weeks to fully reopen for shipping and oil exports, despite claims of immediate resumption. Discussions are also underway for new negotiations between the US and Iran, with the truce's scope and regional implications, including the Israeli occupation of Lebanon, being debated.
Dangote has ramped up its purchase of local crude oil, a move reportedly influenced by the ongoing conflict between the US and Iran. This strategic shift aims to secure supply amidst geopolitical tensions affecting global oil markets.
President Trump canceled a planned military strike on Iran, hours before it was to occur, and subsequently announced that a historic peace deal to end the war with Iran was close, possibly to be signed this weekend. Tehran, however, reacted cautiously, denying finality and outlining six key demands.
The United Nations has called on the United States to re-evaluate its immigration policies, particularly in light of a Somalian referee being denied entry for the 2026 World Cup. This comes as a survey indicates only 11% of Europeans view the US as an ally.
Investors are closely monitoring May's core inflation data, as higher prices stemming from the U.S.-Iran war threaten to derail the market's recent comeback, according to JPMorgan.
The Indian government has increased the price of domestic LPG cylinders by Rs 29, marking the second hike since the US-Iran war began. The Centre states that despite the increase, Oil Marketing Companies are still incurring under-recoveries of Rs 700 per cylinder.
Former US President Donald Trump stated that the killing of American military personnel by Iran would be a 'very good reason' to restart a war. This warning comes amidst ongoing tensions between the US and Iran.
An Iranian attack on Kuwait International Airport resulted in one fatality, multiple injuries, and significant damage to the airport and diplomatic missions. The incident led to the suspension of air traffic over Kuwait and contributed to rising oil prices amid escalating tensions between Iran and the US.
Concerns over a potential US-Iran war are reportedly causing supply shortages and shifting demand towards domestic manufacturers, leading to a 25% jump in construction costs and looming project delays.
Iran announced it has called off talks with the U.S. following Israeli strikes in Lebanon and Gaza, with an IRGC-affiliated outlet claiming the freeze. However, Donald Trump stated he was not informed of any suspension of talks and that Israel would not send troops to Beirut.
A deadly strike during the early days of the US-Iran war hit a quiet seaside town in Sri Lanka, demonstrating the conflict's extended reach into the Indian Ocean.
US and Iranian officials have reportedly reached a tentative ceasefire deal, but its approval remains uncertain as it awaits a final decision from President Trump. The potential agreement has also influenced oil prices.
Gold and silver are experiencing significant pressure and falling in value as markets worry that a potential war between the US and Iran could fuel inflation.
A new poll reveals that one in five Britons cannot afford a summer holiday this year, as the cost of living continues to soar. The survey also indicates that impacts from the US-Iran war are now affecting summer travel plans.
Iran's Supreme Leader Ali Khamenei warned that countries in the region would no longer serve as shields for US military bases, implying that American forces would not have safe havens in the Middle East. This statement comes amid ongoing tensions and discussions regarding regional security and a potential deal involving asset release.
US Senator Marco Rubio stated that the United States is close to a "pretty solid" agreement with Iran, suggesting a deal could be reached soon. He also emphasized that if talks fail, the US would pursue an alternative approach to address the situation.
The United States and Iran have reported 'encouraging' progress in talks aimed at reaching a draft deal to end their conflict, with both sides indicating they are closer to an agreement. US Secretary of State Rubio acknowledged progress but noted that more work remains to be done, while Iran stated US demands for ending the war were 'excessive'.
International discussions are underway regarding the potential closure of the Strait of Hormuz by Iran, with France proposing a UN mission and the EU considering sanctions. US Secretary of State Rubio noted some progress in talks with Iran, while allies are urged to develop a 'plan B' for the critical waterway.
The Indian rupee is experiencing rapid depreciation, posing a significant risk to India's external sector resilience. Concerns about a potential US-Iran war are contributing to fears that the rupee could soon hit 100 against the US dollar.
An article explains UN Security Council Resolution 2817, often invoked during discussions of the US-Iran conflict.
Shifting US objectives and the inability of either side to secure a decisive military victory risk the US-Iran conflict becoming a protracted war with repeated cycles of fighting, according to Bloomberg Economics Defense Lead Becca Wasser.
An economic analysis suggests that NIMBYism, coupled with a robust industrial rebound, could protect the AI sector from a bust similar to the dot-com era, despite challenges like the US-Iran war, inflation, and tariffs.
The Kurdistan Regional Government reports that 70 percent of its trade has been cut due to the ongoing regional conflict between the US and Iran.
Iran has issued new, stringent demands to the United States for the reopening of the Strait of Hormuz, indicating that a quick resolution to the waterway's closure is unlikely. Despite some reports of progress in talks, Iran insists the strait will remain closed until its conditions are met.
Donald Trump responded to Ukrainian President Zelensky's appeal for additional military aid by stating the US also needs missiles. He also suggested Anthony Fauci should be prosecuted over a Covid hearing and criticized various allies and political figures.
Qatar has indicated progress in diplomatic efforts between the United States and Iran towards a potential short-term agreement, which has influenced oil prices. While negotiations are ongoing, no final agreement has been reached.
Saudi Aramco, the world's largest oil company, announced a substantial increase in its second-quarter profits, with figures rising by 33% to 44%. This profit surge is attributed to higher oil prices, partly influenced by disruptions and tensions in the Middle East, including the ongoing situation with Iran.
Goldman Sachs' co-head of global commodities research, Samantha Dart, discussed increasing risks in diesel markets, citing disruptions to Russian fuel exports and the US-Iran war as key factors tightening supply.
Saudi Crown Prince Mohammed bin Salman urged former US President Trump to prioritize dialogue to avoid an escalation of conflict between the US and Iran. He emphasized the need to prevent a wider war in the region.
The Indian government announced that its missions facilitated the return of 140,000 citizens amidst the US-Iran conflict.
The Trump administration is reportedly considering a proposal to impose a $100,000 fee on foreign students who wish to work in the United States after graduation, a move that has sparked outrage.
Saudi Arabia has entered the conflict between the U.S. and Iran by participating in airstrikes targeting Iran-backed Popular Mobilization Forces militias in Iraq. This development comes amidst broader tensions, including discussions of Houthi fees for Red Sea shipping and new U.S. sanctions on Iran-linked tankers.
Chinese scientists have used detailed satellite imagery to analyze damage to US military bases in the Middle East, revealing discrepancies in both Washington and Tehran's accounts of the conflict's scale.
The Trump administration announced plans to end subsidies for Medicare Part D drug premiums, which is expected to lead to higher costs for most enrollees. Concurrently, the US also banned the import of new Chinese humanoid robots and power inverters, citing security concerns in its latest tech crackdown.
Trump said that there is a “good chance" of breakthrough since talks are ongoing but issued yet another warning to Iran in case there is no conclusion.
The 'geopolitics of emotion' and the US-Iran conflict are signaling a potential new alliance that could reshape power dynamics in the Middle East, highlighted by international delegations at Ayatollah Ali Khamenei's funeral.
An analysis explores the possibility of an Israel-US-Iran war and draws comparisons to the ongoing Russia-Ukraine conflict, considering the evolving nature of modern warfare.
The 13th night of continued strikes targeted key military and commercial sites as clashes continue over key shipping routes.
The KSE-100 index of the Pakistan Stock Exchange lost 1,704 points in a fresh sell-off, with investor confidence dented by the regional situation. Rising oil prices and concerns over a potential US-Iran war are cited as key factors contributing to the market decline.
Israeli Finance Minister Bezalel Smotrich stated that Israel has 'no interest' in joining a potential war between the United States and Iran. His comments underscore Israel's desire to avoid direct involvement in a broader regional conflict.
Global concern over escalation of US-Iran war - 'We hit tankers in Hormuz,' says Tehran
In the autumn of 1938, Europe did not want another war. The wounds of World War I were still fresh. Political leaders believed diplomacy could prevent another catastrophe, while p...
Oil prices have surpassed $90 a barrel following renewed attacks in the US-Iran conflict, which has expanded with the killing of a third US soldier. This escalation comes after a ceasefire ended, raising concerns about a potential energy crisis.
The United States conducted airstrikes targeting Iranian forces, including the Revolutionary Guard, in retaliation for an attack that killed two American service members in Jordan. This marks the eighth consecutive day of US attacks on targets in Iran, with Tehran threatening unforgettable lessons in response.
Iran has reported new US attacks, including strikes on bridges and an airport, as the conflict between the two nations escalates. These actions follow previous US strikes and come as Iran retaliates across the region, with an Iranian medium publishing a video threatening former President Trump.
An opinion piece suggests Saudi Arabia may be quietly shifting away from its US ally, citing its presence at the Ayatollah's funeral and refusal to join America's 'Project Freedom'.
President Trump announced the US would "take over" the Strait of Hormuz and reimpose a naval blockade, demanding compensation from allies for protection. This declaration followed recent tanker strikes and intensified US-Iran tensions, causing oil prices to jump.
Donald Trump stated that the US would "completely decimate" Iran if it attempted to assassinate him, claiming that a ceasefire was over and 1,000 missiles were aimed at the country. These threats came amid ongoing tensions and discussions about a potential assassination plot.
Reports indicate that Israel shared intelligence with the United States regarding an alleged Iranian plot to assassinate former President Donald Trump. This alert prompted concerns about potential escalation between the US and Iran.
The United States launched strikes against nearly 90 Iranian military targets, including drone and missile storage facilities, in western Iran. In retaliation, Iran attacked American military bases in Kuwait and Bahrain, further escalating the conflict over the Strait of Hormuz.
A Qatari LNG tanker was reportedly struck by an Iranian missile in the Strait of Hormuz, causing it to catch fire. This incident marks new attacks in the critical chokepoint.
As geopolitical conflicts in the Middle East soften and the US-Iran war de-escalates, global investor focus shifts to economic drivers, leading to a dip in oil prices and an upbeat outlook for tourism-related industries.
Iran has warned tankers and other vessels to follow approved routes in the Strait of Hormuz or face a forceful response, citing an agreement with Oman based on a US MoU. This warning comes amidst ongoing tensions and concerns over navigation in the critical global shipping choke point.
Despite ongoing Iranian attacks, several GCC states are continuing dialogue with Tehran to mend ties and foster cooperation, potentially leading them to diversify their security alliances amidst US-Iran tensions.
Iran has indicated its commitment to a peace deal but simultaneously issued a warning that Tehran will 'defend decisively' amidst ongoing tensions with the United States.
An editorial expresses a wish for peace and rapprochement to end the US-Iran conflict, emphasizing the need for a lasting conclusion to negotiations for global peace.
Thousands of Iranians gathered in Tehran to observe Ashura, marking the first commemoration since the killing of Supreme Leader Ali Khamenei in the US-Iran war.
The US Senate passed a bipartisan resolution to limit President Trump's ability to take military action against Iran without congressional approval. President Trump strongly criticized the Senate's decision, calling it "meaningless" and accusing lawmakers of undermining his efforts with Iran.
US negotiator JD Vance and Iranian delegations have arrived in Switzerland to begin a new round of peace talks aimed at resolving ongoing tensions. The discussions are expected to focus on the implementation of a memorandum to end the war between the two nations.
When the US-Iran war erupted, predictions soared for oil prices to reach $150 and for one of history's largest crude shortages. Four months later, the reality has shown that China's power is the biggest lesson for the oil market.
The United States and Iran have signed a 14-point memorandum of understanding to end the war in the Middle East, with experts weighing in on the agreement and its implications. The deal includes a $300 billion reconstruction fund and has prompted calls for reduced oil prices.
The United States and Iran have signed an interim peace agreement, with President Trump immediately threatening renewed bombing if Iran violates the terms. The deal, signed at Versailles, has been praised by some European nations and Pakistan, while Israel has expressed concerns.
Crude oil prices have tumbled following expectations that the end of the US-Iran war will lead to an increase in global oil supplies.
Former President Donald Trump announced that Iran has agreed to never acquire nuclear weapons and that a deal is 'all signed,' though specific details of the agreement remain unclear. This announcement has led to speculation about a potential $300 billion fund for Iran and a toll-free Hormuz Strait.
The United States and Iran have electronically signed a peace deal, with US officials stating that ships have begun freely navigating the Strait of Hormuz. The agreement aims to curb Iran's nuclear program and potentially alleviate its economic struggles, though some Iranians feel betrayed by the deal.
India's wholesale inflation rose to 9.68% in May, driven by higher fuel, food, and power prices, according to the Commerce and Industry Ministry's latest Wholesale Price Index data, based on a revised base year.
The conflict between the US and Iran has intensified, with reports indicating 5,000 strikes over 15 weeks across the Middle East. Both sides are incurring heavy costs in terms of lives and resources.
Former President Trump has threatened to seize full control of Iran's oil and gas facilities, specifically mentioning Kharg Island, as tensions escalate. This comes after the US warned Iran following overnight strikes, with the IRGC threatening to turn the region into 'hell'.
At least 4 million barrels of the nation’s main export grade, carried on two carriers, are being offered to refiners in at least China and South Korea.
Israel conducted air strikes on multiple military targets in Iran, confirming the attacks were in response to a recent Iranian missile barrage. This marks a significant escalation in direct conflict between the two nations, with claims of Israel using routes through Azerbaijan and Iraq for its strikes.
The US military intercepted several Iranian missiles and drones reportedly launched towards Kuwait and Bahrain, marking renewed mutual attacks in the Gulf region. This comes amidst escalating tensions between the US and Iran.
Mohsen Rezaei, an advisor to Iran's supreme leader, stated that the current draft Memorandum of Understanding under negotiation to end the war between Iran and the US contains ambiguities that need clarification.
The Indian Union Cabinet has approved a ₹10,000 crore Aviation Turbine Fuel (ATF) Price Stabilisation Fund, which will be available for both domestic and international operations, in response to fears of a US-Iran conflict.
Former President Trump has predicted that a deal with Iran to end the war and reopen the Strait of Hormuz could be finalized within the next week. This statement comes amidst reports of US and Iran trading strikes and concerns that the peace deal is at risk due to Tehran's missile arsenal.
US stock futures saw an increase, driven by advancements in artificial intelligence, which overshadowed concerns related to the US-Iran situation, with Nvidia and Microsoft shares notably up.
The Pakistani government has announced a reduction of Rs48 per litre in jet fuel prices. This cut contributes to a cumulative decrease of Rs283 per litre since the price reached a record high of Rs517 during the US-Iran war.
Mediators are facilitating new US-Iran negotiations on a draft memorandum aimed at ending the ongoing conflict. The proposed agreement includes a truce, a $300 billion reconstruction package for Iran's economy, and a temporary non-aggression arrangement, with discussions also covering the Strait of Hormuz.
The United States launched new attacks on Iranian targets near Hormuz, which Iran retaliated by striking an American military base. This exchange of attacks occurred after the US rejected reports of a Hormuz agreement and imposed additional sanctions on Iran.
Donald Trump-backed Ken Paxton secured a victory in the Texas Senate primary runoff, solidifying Trump's influence within the Republican Party. Paxton's win has raised concerns among some Republicans regarding his electability in the general election.
The United States launched new strikes on Iranian missile sites and boats near the Strait of Hormuz, claiming self-defense, which led to a rise in global oil prices and threats from Iran. These attacks occurred amidst ongoing peace negotiations, with some officials suggesting a deal could be reached soon.
US President Donald Trump indicated that a deal with Iran was largely negotiated, potentially involving a 60-day truce, the reopening of the Strait of Hormuz, and Iranian oil sales. This announcement came amidst mixed reactions from allies and reports of an imminent major announcement.
The Trump administration announced new rules for Green Card applicants, requiring individuals already in the US to return to their home countries to apply for permanent residency. This change eliminates a key in-country application option, causing uncertainty for many families.
Prime Minister Modi held a four-hour meeting with ministers to discuss India's strategy in grappling with the economic fallout of the escalating conflict in West Asia, referring to the US-Iran war.
Donald Trump's administration engages in diplomatic efforts with Iran, which is reviewing a US proposal, while also facing public disagreements with Israeli Prime Minister Benjamin Netanyahu over military strategy in the region.
CNN reports that former President Trump's maximalist military objectives, including full Iranian capitulation and regime change, complicate efforts to withdraw the United States from a potential war with Iran.
Prime Minister Narendra Modi delivered his Independence Day speech, emphasizing India's journey towards self-reliance, energy security, and technological advancement, while also announcing initiatives for youth. The event also saw reactions to political figures and global well-wishes for India's 80th Independence Day.
Fitch reported that Stanbic, Absa, and FNB are well-positioned to weather spillovers from the US-Iran conflict, which contributed to South Africa's inflation rising to 5.0% and the central bank raising the repo rate.
Up to 20,000 seafarers, primarily Indian and Filipino crews, have been stranded in the Gulf since February due to the US-Iran war, with no clear end to their ordeal.
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Experts are analyzing the potential duration of the US-Iran conflict and the deadlock in the Strait of Hormuz, discussing obstacles to a lasting deal.
Qatar has indicated progress in US-Iran negotiations aimed at reopening the Strait of Hormuz, with the Qatari Emir holding discussions with Donald Trump. Iran and Oman are reportedly close to a deal that would involve a service fee for passage through the strait.
Global stocks and bonds saw gains while oil prices dropped amid hopes for a resolution to the US-Iran conflict. Investors reacted positively to potential de-escalation, influencing market movements across various assets.
Speculation arises whether Ukraine was leveraged to open a new front in the US-Iran conflict, as recent developments suggest the war may be entering a new phase despite a suspension of mutual attacks.
US embassies in the Middle East have issued warnings for citizens to consider departing the region, as President Trump threatens new strikes on Iran and a US general warns of insufficient resources to protect both the US and Israel from Iranian missiles. This comes after reports of new Iranian drone attacks and a tanker hit in the Strait of Hormuz.
Pakistan has confirmed that negotiations between the United States and Iran are continuing despite recent strikes in the Middle East. Meanwhile, oil prices have fallen by over $1 due to increased flows, even with the ongoing tensions.
Former California Democratic congresswoman Jane Harman stated that the US war in Iran has turned every Middle Eastern country into a potential target, including those not yet involved in the conflict, highlighting the spreading danger.
The kingdom faces a choice of whether to keep hitting back as a deterrent or to try to de-escalate the situation.
President Trump met with Israeli Prime Minister Benjamin Netanyahu at the White House, with discussions primarily focused on Iran and regional security. This marked their first meeting since the start of the conflict with Iran.
President Trump discussed ongoing negotiations with Iran, stating a willingness for military action if talks fail, while also defending tariffs in Michigan and rejecting Israeli objections to F-35 sales to Turkey. He also made various domestic comments, including about the Federal Reserve and his accomplishments for auto workers.
Yemen's Houthi rebels launched missile attacks on Saudi Arabian oil facilities along the Red Sea, marking an escalation in regional tensions. This occurred as the United States paused its strikes against Iran for the first time in two weeks, raising questions about potential diplomatic avenues.
Tensions between the US and Iran have escalated following reports of new strikes across the region, including explosions near Erbil airport and attacks on both Iranian military sites and US bases.
Former President Trump stated that any nuclear deal with Saudi Arabia would be contingent on the kingdom normalizing ties with Israel, a condition that has reportedly surprised Saudi officials and put the agreement at risk.
Two tankers carrying Saudi crude oil bound for China and India were forced to turn back in the Red Sea after threats from Houthi rebels, who announced a naval blockade on Saudi Arabia. This action has prompted Asian refiners to consider using the Suez Canal for Saudi oil shipments, amid concerns of a widening conflict between the U.S. and Iran.
The conflict between the US and Iran has intensified, with Houthi rebels threatening a blockade of the Red Sea, raising concerns about global shipping and oil prices. Reports also indicate Iran pushed for a 10-day ceasefire while the US considers its missile capabilities for a potential large-scale war.
President Trump stated that Israeli Prime Minister Benjamin Netanyahu would not be arrested if he visited the US, dismissing a threat from New York Mayor Mamdani. Trump also warned Iran of severe retaliation if any more American soldiers were killed, following fresh US strikes on Iran.
Insurance Woes Amid US-Iran War Stall Airlines’ Return to Dubai Bloomberg.com
European gas prices have surged to a four-month high, with benchmarks hitting a four-year high, driven by fears that an escalating US-Iran conflict could lead to winter supply shortages.
The United States conducted its seventh consecutive night of airstrikes on Iran, targeting underground weapons storage facilities and reportedly killing three people. This comes as Iran threatens a "full-scale offensive" and claims to have halted four oil tankers and struck two with mines in the Strait of Hormuz, a claim the US denies.
Iran has reportedly launched drone attacks on US military bases in Kuwait and Jordan, following a new wave of American strikes. Explosions were heard and air defenses activated in Tehran amid the escalating tensions.
The conflict between the US and Iran has entered a new phase with fresh US strikes and the reimposition of a naval blockade in the Strait of Hormuz, while Iran claims the blockade dismantles their deal. Separately, E. Jean Carroll received $5.6 million from Donald Trump in her sexual abuse case.
Tensions between the United States and Iran have escalated, leading to renewed exchanges and concerns about regional conflict. This has resulted in slower traffic and increased safety risks in the Strait of Hormuz.
President Trump has dismissed the remaining members of the independent U.S. election commission, a move criticized by voting groups as a power grab. Additionally, Trump announced the end of the truce with Iran, while also accepting further talks but warning of potential retaliation.
An analysis explores the potential severe impacts on Australia should the ceasefire between the US and Iran unravel and fighting intensify. The article discusses the implications for Australia's security and economy.
The conflict between the United States and Iran has escalated significantly, with the US launching new attacks after President Trump declared a truce agreement over. This follows earlier retaliatory attacks by Iran on US military bases in Bahrain and Kuwait.
South Korean prosecutors have indicted four major oil refiners on allegations of colluding to fix oil prices, involving a sum of 14.2 trillion won.
According to an analyst, the Gaza conflict, which ignited years of Middle East conflict culminating in the US-Israeli war with Iran, now sees the devastated territory's fate largely overlooked as Washington and Tehran negotiate peace terms.
Oil prices have fallen to levels seen before the US-Iran war began, leading to speculation about potential petrol and diesel price cuts in India, where prices had risen by approximately Rs 7.5 per liter since May 15.
COMEX Silver has fallen 37% since the US-Iran war and 52% from its all-time high, while MCX Silver in domestic markets has corrected 20% since the war and 46% from its peak.
France and Oman agreed to cooperate on mine-clearing operations in the Strait of Hormuz, a move Iran stated it would not permit, while oil prices rose due to increased risk in the region. Meanwhile, conflicting reports emerged regarding a potential meeting between the US and Iran to de-escalate tensions.
The United States and Iran have exchanged military strikes, with Iran attacking US bases in Bahrain and Kuwait in retaliation for American raids near Hormuz. Both nations accuse each other of violating existing agreements, escalating tensions in the Middle East.
Donald Trump clashed with Senate Republicans over his Iran policy in a closed-door meeting and criticized NATO allies for not supporting the US in a potential war with Iran. NATO chief Rutte acknowledged Trump's disappointment regarding European defense spending.
Israel's National Security Minister Itamar Ben-Gvir stated that the US is 'very naive' regarding Iran's nuclear program and affirmed that it is Israel's responsibility to confront this Iranian threat and act against it alone.
Agricultural markets have experienced an 'aggressive positioning washout,' nearly reversing gains made during the US-Iran war, driven by sliding fertilizer and energy prices, though supply risks persist.
Major Gulf airlines, including Emirates, Etihad, and Qatar Airways, are actively working to regain market share lost due to the US-Iran conflict.
Stocks rallied following an announcement that President Trump signed a preliminary deal aimed at ending the US-Iran war.
A peace deal between the US and Iran has been reached after extensive talks, with reports indicating it includes a significant economic recovery plan for Iran and is expected to be signed in Geneva.
Bank of America has upgraded an oil and gas company to 'buy' from 'neutral,' anticipating a potential end to the U.S.-Iran conflict.
The US-Iran situation has significantly altered India's trade landscape, with Oman emerging as a crucial gateway for energy imports, and increased trade with countries like Brazil and Peru for LPG and other goods.
A peace deal between the United States and Iran has been announced, prompting cautious welcomes from some while drawing strong criticism and concern from Israeli leaders and other regional actors. The agreement raises questions about its long-term implications for regional stability and the future of Iran's regime.
The United States and Iran have reached a peace agreement to end hostilities, with UN Secretary-General António Guterres and other world leaders welcoming the deal as a critical step towards peace in the Middle East. The agreement reportedly includes a ceasefire and the reopening of the Strait of Hormuz, though the nuclear issue has been postponed.
The World Bank has lowered its global growth forecast to 2.5%, warning of a potential 1.3% crash under severe war fallout, citing surging energy prices, inflation, and borrowing costs, and highlighting the US-Iran war as a significant hit to the global economy.
The US has launched multiple strikes against 'key facilities' in Iran, with Defence Secretary Hegseth pledging further action in response to what US Central Command described as 'Iran’s unwarranted and continued aggression'. Iranian state media reported explosions in various regions, including Tehran and Fars province, as the US military confirmed the attacks.
Says US-Iran war has disrupted the IAEA's crucial verification mandate
The US military shot down two Iranian attack drones over the Strait of Hormuz, marking the 100th day of conflict between the two nations. Reports also indicate that the US is considering using frozen Iranian assets to compensate its Gulf allies for reconstruction efforts.
The World Food Programme (WFP) has warned that the ongoing US-Iran war is leading to substantial increases in food prices, pushing millions into a food crisis across several countries.
Mahmood Amiry-Moghaddam, President of Iran Human Rights, provided an assessment of the Iranian regime's response to unrest and wartime conditions, suggesting Europe can raise human rights issues in the context of a potential US war on Iran.
Time is reportedly on Iran's side, potentially leading to global oil reserves falling below critical levels. In response to potential US-Iran conflict, the Philippines is initiating plans for Maharlika-funded oil reserves.
Islamabad, Pakistan, has ordered markets to close by 8 PM as the country faces an energy crisis exacerbated by the US-Iran conflict, leading to higher fuel prices and inflation.
The United States and Iran launched mutual attacks despite ongoing ceasefire efforts, with the US striking Iranian military sites and Tehran responding by targeting an air base. This escalation occurred as peace initiatives faltered in the Middle East.
Donald Trump announced he will soon make a decision regarding the Iran nuclear deal and demanded the reopening of the Strait of Hormuz. This statement comes amidst ongoing tensions concerning US-Iran relations.
Gulf News provides an analysis of the US-Iran conflict three months after its onset, examining whether the situation has settled into a frozen conflict or remains a fragile ceasefire.
The Sensex is experiencing a downturn and gold prices are volatile amidst fears of a potential US-Iran conflict, prompting discussions on the stability of fixed deposits.
Crude oil prices have fallen on international markets, driven by hopes that the potential for a US-Iran conflict is nearing an end.
India's Finance Minister has stressed the potential impact of a US-Iran conflict on India's economy, focusing on fuel, fertilizer prices, and foreign exchange challenges.
US Secretary of State Marco Rubio visited India to strengthen ties, meeting with Prime Minister Modi and extending an invitation for him to visit the White House.
Thousands of Cubans gathered in front of the US embassy in Havana to protest the US indictment of former Cuban leader Raúl Castro. His daughter and other Cuban officials repudiated the accusations, with some expressing readiness to fight against imperialism.
Saudi Arabia has reportedly suspended new consultancy contracts, raising concerns for firms like McKinsey, Boston Consulting Group, and the Big Four, amidst the fallout from a potential US-Iran conflict.