Page 3 - Iran

Explosions reported across Iran's coast; blasts heard at Saudi air base

Multiple explosions were reported across Iran's coastal regions, including Qeshm Island, Sirik and Minab, while reports also emerged of blasts at a Saudi air base and in the city of Taif

US destroys 5 Iranian oil tankers after missile attacks on Navy warship

The US military has destroyed five Iranian crude oil tankers following attacks on a US warship by Iran's Revolutionary Guard, US Central Command said in a social media post on Tuesday. The US strikes were in response to two Iranian efforts to hit the warship with ballistic missiles over the past two days, the statement added. Iranian state television also reported the strikes, saying US forces attacked at least three Iranian oil tankers near the southern port of Jask and near Kharg Island in the Persian Gulf. It said the crews were evacuated. The latest tit-for-tat strikes come as Washington and Tehran lurch back toward fighting during more than six months of war. Secretary of State Marco Rubio said the US will not allow Iran's attacks to go unanswered. "Iran continues to try to hit US naval ships. And for every time they do that or try to do that, they're going to lose tankers. And I think you'll see that again today," Rubio told reporters on Tuesday when asked about the latest .

Iran hikes gasoline price for heavy consumers as economy struggles

Iran early Tuesday introduced a higher price for its heaviest users of gasoline, state media reported, in the latest economic pinch caused by months of war. It's the second such hike since December. Such gas price increases can be sensitive and contribute to inflation. An increase in 2019 sparked nationwide protests and a crackdown that reportedly killed more than 300 people. Without specifically mentioning the war with the United States, the government's announcement cited the "current situation", adding that the extra money from the price increase will be given to households. Under the new system, people buying more than their quota of 110 litres (29 gallons) of gasoline a month now must pay 100,000 rials (about 7 cents) per litre, or twice as much as they have been paying since December. Iran still has some of the world's lowest gasoline prices, but the price increase adds to daily pressures for many of the country's more than 90 million people. Already, the currency has been .

Iran warns of 'painful response' to further US attacks amid sanctions

A preliminary ceasefire accord reached in June has unravelled and little progress has been made in diplomatic efforts to get the peace process back on track

US inflation data, crude, Iran crisis to steer bullion this week: Analysts

Upcoming US inflation figures, crude oil price movements, and geopolitical tensions in West Asia will be primary triggers for gold and silver prices, amid heightened speculation surrounding the global interest rate outlook, analysts said. Investors will also keep an eye on consumer price data from Germany and China, GDP figures from the Eurozone, Japan and the UK, as well as China's trade data this week, they added. "US inflation numbers would be the key trigger for bullion markets amid considerable speculation over the interest rate outlook," Pranav Mer, Senior Vice President, EBG - Commodity & Currency Research, JM Financial Services Ltd, said. US Consumer Price Index (CPI) inflation report for August 2026 is scheduled for release on September 11. "In gold, the prices look for resistance at Rs 1.57 lakh per 10 grams, while in case of silver we still maintain a positive bias till prices are above supports at Rs 2.31 lakh per kg," Pranav Mer, Senior Vice President, EBG - Commodity

US targets three Turkey-based entities with Iran-related sanctions

The entities targeted are Golden Global Portfoy Yonetimi Anonim Sirketi, Golden Global Varlik Kiralama Anonim Sirketi, and Golden Global Yatirim Bankasi Anonim Sirketi

India, Iran not discussing trade deal, says Rubio on Modi-Pezeshkian meet

US Secretary of State Marco Rubio on Wednesday said he did not think India and Iran were talking of a trade deal, and many countries around the world talk to the regime in Tehran. Rubio's remarks came during an interview on The Brian Kilmeade Show on Fox News Radio in response to a question on the meeting Prime Minister Narendra Modi had with Iranian President Massoud Pezeshkian on the sidelines of the Shanghai Cooperation Organisation (SCO) Summit in Bishkek. "Well, I don't think there's a trade deal between India and Iran. Obviously, there are countries all develop their own foreign policy, and many countries around the world talk to the Iranian regime," Rubio said in response to a remark by Kilmeade that Modi and Pezeshkian appeared to set up a trade deal. "I mean, we've met with elements of the Iranian regime as well, in terms of some of these discussions that have occurred and there's been contact with them," Rubio said. The US Secretary of State said President Donald Trump h

Two oil tankers disabled after hitting mines: Iran's Revolutionary Guards

The tankers had been forced ​to disembark their crews and were placed in the ‌hands ​of ‌U.S. operatives to pass through ‌what it called ​an "illegal route" in the strategic waterway

Russia secretly helping Iran develop advanced supersonic cruise missiles

The programme aims to help Iran develop a ramjet propulsion system that could enable cruise missiles to travel at several times the speed of sound

Why US sanctions could hit India’s basmati exports to Iran | West Asia war | Strait of Hormuz |Trump

The Trump administration’s “Operation Economic Outcast” is raising concerns for India’s basmati rice trade with Iran.

PM Modi meets Iranian President Pezeshkian on sidelines of SCO summit

Prime Minister Narendra Modi met Iranian President Masoud Pezeshkian on the sidelines of the SCO summit in Bishkek

Iran's supreme leader urges Muslim nations to unite against US, Israel

Iran's supreme leader called on Muslim countries to stand together against Israel and the United States. Ayatollah Mojtaba Khamenei urged rulers of Muslim nations to "know your real enemy, understand its plans and confront it," and called the US and Israel enemies of all Islamic nations, the official IRNA news agency reported. Six months after the US and Israel attacked Iran, killing Khamenei's father and other senior leaders, Khamenei still has not been seen publicly. His comments came in a letter to religious leaders attending a conference in Tehran. The war has exposed divisions in the Muslim world after Iran struck targets in neighbouring Gulf Arab countries and restricted shipping through the Strait of Hormuz. Tehran has opposed the US military presence in the region.

Iran and Oman reportedly still working on Strait of Hormuz accord

Iran and Oman have held on-and-off talks for weeks about controlling traffic through the strait, ‌which handled one-fifth of global oil and liquefied natural gas shipments before the war began in Feb

Indian rice exporters see Iranian demand defying US sanctions risk

Rice dominates trade between the two countries, accounting for nearly two-thirds of India's $1.25 billion in exports to Iran in the fiscal year-ended March

Four India-based companies bear the brunt of US' Iran sanctions

US sanctions four India-based firms over Iranian petroleum imports as Washington expands pressure on Tehran and warns entities doing business with Iran of retaliation

Trump says Strait of Hormuz has been demined, warns Iran not to plant more

In ​a post on Truth Social, Trump said the United States, through its Space Force, was watching "every square inch" of the Strait, a ​key waterway in the global energy ‌supply chain.

4 India-based companies in US sanctions dragnet over Iran oil imports

The US has sanctioned four India-based companies for importing petroleum and petrochemical products from Iran, according to a press release by the US State Department. US Treasury Secretary Scott Bessent on Monday announced 'Operation Economic Outcast', which essentially involved new sanctions that aim to block all potential sources of revenue for Iran. The US has also told countries to cut economic ties with Tehran or face retaliation. Bessent described it as an unprecedented campaign to sever Iran's financial lifelines. It broadens the risk of secondary sanctions for entities - which can be countries, businesses or organisations - continuing to do business with Tehran. Among the four "India-based companies" facing action is a customs broker identified as Portease Partners LLP and its partners Indrismiya Ashrafmiya Sheikh and Harish Ramachandra Rangi. They facilitated the import of multiple shipments of Iranian petrochemical products, the State Department said in the release on ...

US attempt to strangle Iran's economy depends on China's cooperation

The US has spent 20 years promising 'crippling sanctions' on Iran. But the latest effort comes with a reverse twist, after military action failed to accomplish President Trump's goals

Iran vows retaliation as US expands sanctions, threatens economic lifeline

US Treasury Secy Scott Bessent unveiled measures but stopped short of the most punishing sanctions, saying countries that continued trading with Iran risked being forced out of dollar system

Bessent's economic D-Day threat to Iran hinges on willingness to hit China

But that's only if Bessent actually follows through on a threat the Trump administration has made before