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US President Donald Trump warns of consequences if Iran fails to meet Tuesday deadline, says proposal falls short as tensions escalate over Strait of Hormuz
Tehran said it does not accept a temporary ceasefire, instead stressing the "need for a permanent end to the war while respecting Iran's considerations"
Transit through Hormuz would be a shot in the arm for Qatar, which supplied nearly a 5th of all LNG last year, even as the country's Ras Laffan export plant has been shut for over a month
Iranian vessels continue to dominate traffic, but on Sunday a tanker carrying Iraqi crude made its way through the strait, after Iran said it would grant an exemption to "brotherly Iraq"
The head of intelligence for Iran's paramilitary Revolutionary Guard was killed Monday in an attack targeting him, Iranian state media reported. The Guard blamed the attack on the United States and Israel. It did not elaborate on where Maj. Gen. Majid Khademi was killed. However, multiple airstrikes targeted residential areas around Iran's capital, Tehran, early Monday morning.
Analysts at Ambit Capital expect Iran war to slow bank credit growth to 10-12 per cent in bear case scenario, pressure margins, and cap liquidity. It prefers private bank stocks like HDFC & ICICI Bank
A third vessel, Jag Vikram, is still in the west of the Strait of Hormuz, according to ship tracking data
UAE official Anwar Gargash said the Strait of Hormuz cannot be weaponised, stressing that its security is not a regional bargaining chip but a global economic imperative
A series of airstrikes early Monday morning on Iran's capital targeted the Sharif University of Technology. Iranian media reported the strikes and damage to buildings there, as well as a natural gas distribution site next to the campus. It wasn't immediately clear what had been targeted on the grounds of the university, which is empty of students as the war has forced all schools in the country into online classes. Multiple countries over the years have sanctioned the university for its work with the military, particularly on Iran's ballistic missile programme, which is controlled by the country's paramilitary Revolutionary Guard. The Guard and other security forces have been using secondary sites as rally points as their bases have come under repeated attack during the war. Explosions rang out into the night. The sound of low-flying fighter jets could be heard off and on for hours. Meanwhile, the state-run IRAN daily newspaper said in an online message that an airstrike in a ...
US and Iran are exploring a 45-day ceasefire through back-channel diplomacy to prevent further escalation in West Asia, stabilise oil markets and ease pressure on global shipping routes
Long concerned about geopolitical crises, China redoubled efforts to secure energy security when US President Trump started raising the stakes in his first term
For the Iranians, the Air Force colonel whose fighter jet had been shot down was possible leverage. For the US military, finding him was a moral imperative
Donald Trump sets a deadline on Hormuz access as Iran warns of retaliation while ceasefire talks gather pace. Here are the top developments
Traders say the continuing conflict has severely impacted business operations, with its ripple effects being felt across countries, cities and even rural markets
His remark came after Trump issued a strong warning to Iran to reopen the strategically vital Strait of Hormuz as the conflict in West Asia escalates
The first phase would involve a 45-day ceasefire, during which negotiations toward a permanent end to the war would take place
Global investors withdrew a record ₹32,700 crore from the shares of financial services companies in the first two weeks of March, according to National Securities Depository data
External Affairs Minister S Jaishankar spoke to Iranian Foreign Minister Abbas Araghchi and Qatari Prime Minister Sheikh Mohammed bin Abdulrahman bin Jassim Al Thani on Sunday and discussed the West Asia conflict amid US President Donald Trump's fresh ultimatum to Iran demanding the reopening of the Strait of Hormuz. The external affairs minister also held a phone conversation with Foreign Minister of the United Arab Emirates Sheikh Abdullah bin Zayed Al Nahyan. It is understood that the conflict's impact on global energy supplies figured prominently in the talks. "Received a call from Foreign Minister @araghchi of Iran. Discussed the present situation," Jaishankar said on social media without elaborating. The Iranian embassy in New Delhi said the two foreign ministers discussed bilateral relations as well as regional and international developments. Jaishankar's phone conversations with leaders of the three West Asian nations came against the backdrop of a spike in tensions in the
This came in response to US President's threats of military action against Iran if Tehran fails to reach an agreement with Washington to end the conflict and open the strategic Strait of Hormuz
Brent crude futures rose $1.71, or 1.6 per cent, to $110.74 a barrel by 0057 GMT while US WTI was up 0.6 per cent, trading at $112.25 per barrel