Page 24 - Latest Updates on West Asia Conflict

Trump says Iran wants deal but fresh US strikes remain possible soon

US President Donald Trump said Washington could attack Iran again within days if Tehran fails to agree to a deal, even as Iran seeks sanctions relief and an end to hostilities

Peace deal seeks reparations for war damage, US troop withdrawal, says Iran

The terms as described in the Iranian reports appeared little changed from Iran's previous offer, which US President Donald Trump rejected last week as 'garbage'

Trump threatens Iran, then pulls back from planned strikes, all in same day

President Trump has repeatedly said he'll restart military action against Iran, only to stop short of plunging the United States directly back into an unpopular war

Called off planned strikes on Iran at request of Gulf allies: Trump

President Donald Trump said he is holding off on a military strike on Iran planned for Tuesday because "serious negotiations" are underway. Trump's announcement in a social media post Monday came as he had threated the clock was ticking for Iran to strike a deal or fighting would renew after a fragile ceasefire. The president did not offer details about the planned attack but said but he instructed the US military "to be prepared to go forward with a full, large scale assault of Iran, on a moment's notice, in the event that an acceptable Deal is not reached." Trump has been threatening for weeks that the ceasefire struck in mid-April could end if Iran did not strike a deal, with shifting parameters for striking such an agreement.

Oil drops over 2% after Trump says he holds off scheduled attack on Iran

Brent futures for July delivery fell $3.01, or 2.7 per cent, to $109.09 a barrel as of 0001 GMT, ‌while US West Texas Intermediate crude for June delivery fell $1.38, or 1.3 per cent, to $107.28

G7 finance ministers look to contain economic fallout from Iran war

Officials discuss oil-price shock, sanctions on Iran, inflation risks and support for Ukraine amid growing global economic uncertainty

Iran war saddles global companies with over $25 billion in losses so far

Rising oil prices, supply disruptions and shipping bottlenecks are forcing companies to cut output, raise prices and suspend payouts

Pakistan conveys revised Iranian peace proposal to US amid fragile truce

Fragile ceasefire remains under strain as Tehran, Washington continue to differ over nuclear programme and Strait of Hormuz

Iran announces new authority to regulate shipping, tolls through Hormuz

Iran's top security body said the newly formed Persian Gulf Strait Authority (PGSA) would regulate and administer transit operations in the Strait of Hormuz

Oil touches 2-week high after drone attack on UAE nuclear power plant

Brent ‌crude futures climbed $1.65, or 1.51 per cent, to $110.91 a barrel by 0703 GMT, but were off the $112 they had touched earlier for their highest since May 5

Rupee hits record low of 96.25 against US dollar amid oil price surge

At the interbank foreign exchange market, the rupee opened at 96.19, then fell further to 96.25 against the US dollar, registering a fall of 44 paise from its previous close

Dangerous escalation: India condemns attack on UAE's Barakah nuclear plant

Expressing its concerns, the Ministry of External Affairs on Monday said that such actions are 'unacceptable' and represent a 'dangerous escalation'

Iran war cripples Qatar's gas-powered economy as Hormuz crisis deepens

Iranian attacks and the stoppage of seaborne transit have paralyzed Qatar's vital gas exports, stalling the economic pivots intended to anchor the country's growth

Asian shares slip as drone attacks in Gulf lift oil prices, bond yields

Japan's Nikkei eased 0.4 per cent, having fallen 2 per cent last week, though that was from record highs

China committed to US on not providing material support to Iran: USTR

US Trade Representative Jamieson Greer has said that President Donald Trump secured a commitment from China not to "provide material support to Iran." In an interview with ABC News on Sunday, Greer explained that the United States did not ask China for direct assistance in reopening the Strait of Hormuz. "When the president went in, he did not go in asking them to take action in the Straits of Hormuz. He was very focused on making sure that they didn't provide material support to Iran. That's a commitment he obtained and confirmed," Greer said on ABC News' "This Week." Greer noted that China has "a clear interest" in reopening the strait but does not want to get involved directly. "The president isn't seeking to have joint military operations with the Chinese. I don't think the American presidents have ever done that," Greer said. "But obviously we want to make sure that they're not getting in the way of anything we're doing to try to clarify that situation," he said. While the U

'Clock is ticking': Trump warns Iran to move fast amid stalled talks

'For Iran, the Clock is Ticking, and they better get moving, FAST, or there won't be anything left of them', Trump wrote in a Truth Social post

US-Iran conflict, oil prices likely to drive stock markets this week

The US-Iran conflict, FII flows and crude oil prices will be the major drivers for Dalal Street this week, with inflation adding to investor anxiety, say analysts. Besides, the rupee's movement, which crashed below the 96 mark against the US dollar last week, would also influence trading sentiment. "Participants will closely monitor developments in the ongoing US-Iran conflict and their implications for crude oil prices, inflation, and global risk sentiment. Movements in energy markets and the rupee will continue to influence near-term market direction," Ajit Mishra SVP, Research, Religare Broking Ltd, said. The rupee crashed below the 96/USD mark on Friday amid elevated crude oil prices and inflation concerns. "Markets are expected to remain highly volatile and intensely headline-driven, with investor sentiment continuing to hinge on developments surrounding the ongoing USIran conflict, diplomatic negotiations and movements in global energy markets," Ponmudi R, CEO - Enrich Money

Iran plans new Hormuz traffic mechanism, fees for vessels to apply

Ebrahim Azizi, head of Iran parliament's national security committee, said details of the route system would be unveiled soon

Centre launches short Hajj package, reduces stay from 45 to 20 days

The union government on Saturday announced the launch of a short Hajj package for Indian pilgrims, particularly professionals, this year, aimed at reducing the duration of the pilgrimage while maintaining all essential rituals. The initiative has been introduced on the request of pilgrims working in business and professional sectors who find it difficult to spend 40 to 45 days away from work, office of Union Minister of State for Minority Affairs, George Kurian, said in a statement here. Under the new arrangement, pilgrims will be able to complete the Hajj rituals and return within around 20 days, instead of the usual extended stay. According to it, around 10,000 pilgrims will travel under this special scheme. "Based on feedback received from pilgrims, particularly working professionals and businesspersons, seeking an option to return early upon completion of the core Hajj rituals, a Short Hajj Package has been introduced for Hajj 2026 for the first time. "Under this category, 10,

Back from China, Trump faces decision on whether to resume strikes on Iran

Top aides have drafted battle plans as peace negotiations have stalled