Latest Updates on West Asia Conflict

Brent crude oil to remain range-bound in the $90-$115 range, says analyst

The near-term outlook for Brent crude through Q3 2026 is likely to remain range-bound in the $90-115/bbl band, with risks skewed slightly towards a higher floor price for crude oil

Oman suspends oil loading at Mina al Fahal terminal after drone attack

The explosion occurred between single-buoy mooring (SBM) 1 and 2 berths due to an alleged drone attack

UN nuclear watchdog unable to inspect Iran sites, verify uranium stockpile

The UN nuclear watchdog has been unable to inspect nuclear facilities in Iran affected by the war last June according to a confidential report by the UN nuclear watchdog circulated to member states. The International Atomic Energy Agency reported that it "cannot provide any information on the current size, composition or whereabouts of the stockpile of enriched uranium in Iran or whether Iran has suspended all enrichment-related activities." The IAEA warned that it was "unable to discharge its safeguards responsibilities" that it has under the Safeguards Agreement of the Nuclear Non-Proliferation Treaty, adding that it is "indispensable and urgent" for Tehran to implement its obligations under that Treaty. The only nuclear facility inspected in Iran by IAEA inspectors since the last report in February has been the Bushehr nuclear power plant, which was visited on June 1-3. The reactor currently running at Bushehr uses uranium from Russia enriched to 4.5 per cent, a low level needed

If Iran kills US troops, it would be a good reason to restart war: Trump

Trump, in a post on Truth Social, said that those who voted against him would rather see the country "fail" than give him another victory

Hezbollah rejects ceasefire accord as strikes kill four in Lebanon

Hezbollah on Thursday rejected the latest ceasefire agreement reached between Israel and the Lebanese government, demanding a complete Israeli withdrawal. The announcement came as Israeli strikes killed at least four people, according to local authorities, and a UN peacekeeper was killed in the crossfire. Hezbollah leader Naim Kassem, in a written statement read on TV, said the agreement's demand that Hezbollah fighters leave southern Lebanon under fire would mean "surrender, defeat and achieving the enemy's goals." "What we are concerned about is an end to the aggression, ceasefire and Israel's withdrawal," he said. "We did not make any commitment to any party to stop resisting as long as there is occupation," he added. The ongoing fighting in Lebanon, where Israeli forces have seized large swaths of the south, threatens efforts to end the Iran war and reopen the Strait of Hormuz, a key transit point for oil and gas whose closure has jolted the world economy. Iran has demanded tha

Mojtaba Khamenei urges steadfastness, unity to 'neutralise enemy's plot'

During the ceremony at the Imam Khomeini shrine, the message was recited in the presence of officials and participants gathered for the annual event

US says no naval vessel was hit in Sea of Oman, accuses Iran of 'lying'

This high-seas confrontation unfolded just hours after Tehran unleashed a heavy salvo of missiles aimed directly at American military installations situated across Kuwait and Bahrain

Oil price cllimbs 2% as West Asia hostilities flare, Iran-US talks stall

Brent ​futures settled up $1.81, or 1.89 per cent, at $97.81 a barrel, while US West Texas Intermediate crude ​climbed $2.26, or 2.41 per cent, to $96.02

Israel, Lebanon renew ceasefire, agree to Hezbollah-free security zones

Israel and Lebanon have agreed to renew their fragile ceasefire and create a number of "pilot" security zones inside Lebanon from which Hezbollah militants would be banned. In a joint statement released after a fourth round of US-mediated talks at the State Department, the two sides said the ceasefire "is contingent on a complete cessation of Hezbollah fire and the evacuation of all Hezbollah operatives" from areas south of the Litani River. It was not immediately clear how the security zones would be established but the agreement calls for the Lebanese army to take full control of those areas. "These steps will enable progress towards a comprehensive peace and security agreement," the statement said. "All countries reaffirmed that the future of the relationship between Israel and Lebanon must be decided by the two sovereign governments. They rejected any attempt, by any state or non-state actor, to hold Lebanon's future hostage." The latter is a reference to Iran, which supports

US House approves resolution to halt military action against Iran

The House approved a war powers resolution that would halt the US military action against Iran, defying President Donald Trump as a handful of Republicans joined with Democrats to end the three-month-long war that has reordered politics at home and abroad. House Speaker Mike Johnson had tried to prevent an outcome that would show the mounting opposition to the war, abruptly shutting down floor action two weeks ago when the war powers resolution was on the verge of approval. But displeasure has only grown as the conflict drags on and as Trump struggles to negotiate a quick resolution. The roll call on Wednesday was 215-208, and cheers erupted in the House chamber. "This reckless and costly war of choice needs to end today," House Democratic Leader Hakeem Jeffries of New York said earlier in the week. "All we need are a handful of Republicans to join us and we can end this reckless and costly war of choice -- a war that has cost the American taxpayer over USD 100 billion -- that's ..

Strait of Hormuz to reopen 'immediately' once Iran deal is signed: Trump

US President also indicated his preference to keep the issue of reopening the strait separate from the continuing conflict in Lebanon, which has seen intensive Israeli strikes in the southern parts

Trump says Iran has agreed to forgo nuclear weapons, may meet Mojtaba

Asked about Khamenei's involvement in talks with the US on ending hostilities, Trump said, "He's involved, absolutely. ...I think they have a lot of respect for him"

War games and warnings on Strait of Hormuz went unheeded by Trump

Over the past two decades, Iran repeatedly threatened to close down the waterway. President Trump underestimated Iran's ability to do so

US attacks Iran, Tehran targets Kuwait, Bahrain amid faltering peace talks

The US military said that Iranian missiles fired at Kuwait and Bahrain failed or were shot down, and that the US launched strikes on an Iran facility in response. US Central Command said the strikes were on an Iranian military ground control station on Qeshm Island, near the Strait of Hormuz, that is home to a desalination plant. Iran had fired missiles toward Kuwait and Bahrain, but failed to hit their targets, the US said. The two fired at Kuwait fell apart en route, while US and Bahrain forces intercepted the missiles aimed at Bahrain. The activity happened after Iran stopped communicating with mediators about extending a ceasefire in the war with the US and Israel, according to reports Tuesday from two semiofficial Iranian news agencies. President Donald Trump disputed the claim and said talks were continuing. The reports by the Fars and Tasnim news agencies, both believed to be close to Iran's paramilitary Revolutionary Guard, came as tensions flared in Israel's ...

India's oil demand growth set for pandemic low on West Asia crisis

Oil demand growth is forecast at 78,000 barrels a day, according to Kpler Ltd., which has slashed its pre-war estimate by almost 40%

Trump's Netanyahu problem is latest key hurdle to Iran peace deal

The latest diplomatic rupture followed days of Israeli military escalation against Hezbollah in Lebanon, prompting a phone call between Trump and Israeli Prime Minister Benjamin Netanyahu

Rubio optimistic on eventual Iran talks despite congressional skepticism

Secretary of State Marco Rubio said that he is optimistic about the potential for a resumption in nuclear talks with Iran despite a shaky ceasefire in the war that is looking increasingly in doubt. Rubio defended the Trump administration's approach to Iran and other global hotspots in back-to-back hearings before the Senate Foreign Relations Committee and a House Appropriations subcommittee. He was briefly disrupted by protesters at each session. In his first public testimony since the Iran war began at the end of February, Rubio said the Iranians have agreed to negotiate on nuclear points that they had not been willing to address in the past but would not offer an assessment on what those talks might produce. "They have agreed to negotiate aspects of their nuclear program that just a month ago, just a year ago, they were refusing to even mention," Rubio told the Senate. He noted, however, that there was no guarantee "it will lead to a deal that's acceptable" and that negotiations .

Oil prices rise over 1% as new West Asia hostilities flare, talks stall

Brent futures rose $1.05, or 1.09 per cent, at $97.05 a barrel, while US West Texas Intermediate (WTI) crude rose $1.01, or 1.08 per cent, to settle at $94.77

Iran's active nuclear operations have halted amid conflict: IAEA chief

IAEA chief Rafael Grossi revealed during a visit to the United Arab Emirates that several previously active nuclear initiatives in Iran have now ceased

'Time to make a deal': Trump rejects reports of breakdown in US-Iran talks

Trump refuted claims that communications between the two nations had broken down, asserting that discussions have been actively maintained over the last several days