Page 7 - Latest Updates on West Asia Conflict

Lebanon's sovereignty, security integral to ending war, says Iran

According to the Islamic Republic of Iran Broadcasting (IRIB), Baghaei, on Monday (local time) said that Iran's position on Lebanon has remained consistent throughout the negotiations

Hormuz 'already partially open', to be fully reopened on June 19: Trump

Trump said that ships, including several carrying oil, had started moving out of the Strait of Hormuz following his announcement of the completion of the Iran-US peace deal

Peace deal restores pre-war status quo, US objectives unfulfilled: Expert

The peace deal between the US and Iran merely marks a return to the pre-war status quo and negotiations over the next 60 days will determine whether Washington is able to secure its objectives with which it attacked Tehran, according to an expert. Will Todman, Senior Fellow in the Middle East Programme at the Centre for Strategic and International Studies (CSIS), said the preliminary agreement primarily provides for a cessation of hostilities and the reopening of the Strait of Hormuz, returning conditions to where they stood before US and Israeli strikes on Iran. "No, at this point, the United States has not achieved any of the objectives that President Donald Trump set out when he launched the war," Todman told PTI. The US and Iran reached an agreement on Sunday to reopen the Strait of Hormuz, a move expected to facilitate the resumption of oil and natural gas shipments through one of the world's most important energy transit routes. Details of the agreement have not been made ...

Iran will never have nuclear weapons, not today and not tomorrow: Netanyahu

Amid growing resentment in Israel over the emerging deal between the United States and Iran, Prime Minister Benjamin Netanyahu on Monday evening defended his actions, emphasising that "Iran will not have nuclear weapons, with or without an agreement". "Iran will never have nuclear weapons, not today and not tomorrow," Netanyahu asserted during a brief press conference in Hebrew. "People ask me what we have achieved? And I answer them - What we have achieved? We removed the immediate threat of annihilation from ourselves. Most importantly, we saved the State of Israel from the threat of total destruction", the Israeli Premier said following a day of criticism from the opposition as well as coalition partners. Assailing Netanyahu's leadership, former Prime Minister and prominent challenger for Prime Ministership Naftali Bennett earlier told the reporters that the term of this Netanyahu government began with a civil war, continued with the October 7 massacre, and is now ending with a .

Vance to lead US delegation to ink Iran peace deal in Switzerland: Trump

Vice President JD Vance will lead the US delegation for the in-person signing of the peace deal with Iran in Switzerland on Friday, President Donald Trump said. Both Trump and Vance have electronically signed the framework agreement with Iran's lead negotiator Mohammad Bagher Ghalibaf, according to a senior US official quoted by The New York Times. In a media interaction in France on Monday, Trump said Vance will attend the signing ceremony. "I may be involved, I may not," the president said in response to a question on his presence at the signing ceremony. The text of the Memorandum of Understanding will be released "pretty soon... sometime after Friday", Trump said. In media interviews here, Vance said the peace agreement was signed digitally on Sunday, and its full text was likely to be made public later this week. "We already signed the deal digitally yesterday (Sunday)," Vance said on the Good Morning America programme on ABC News. The deal was negotiated through mediators

OMCs to infra: Analysts pick sectors likely to gain from US-Iran peace deal

Among sectors, Bernstein expects oil marketing companies (OMCs) will likely stand to benefit from reduced crude oil prices that dropped around 4 per cent on Monday to $83 a barrel (bbl)

US-Iran truce lifts markets; Sensex gains 736 points as oil prices fall

Indian equities advanced along with global markets after the US and Iran agreed on a framework to end the conflict, raising hopes of lower energy prices

US, Iran reach deal to end war; signing set for June 19 in Switzerland

The United States and Iran have reached an agreement to end the war and open the Strait of Hormuz, offering relief to the global economy more than three months since fighting began. Full details of the deal were not immediately available. The signing will be Friday in Switzerland. U.S. President Donald Trump confirmed a deal had been reached and said he had authorised an end to the U.S. naval blockade of Iranian ports in the Strait of Hormuz. "Congratulations to all!" he wrote on social media, without providing details. He added, "Ships of the World, start your engines. Let the oil flow!" The U.S. previously said it would ease its blockade of Iranian ports as the strait reopens, and would agree to relax sanctions to allow Iran to sell more of its oil and strengthen its battered economy. Iranian state TV showed a banner asserting: "US was forced to sign an agreement to end the war." But Iran's government had yet to comment. Iranian state media reported key mediator Pakistan's ...

G7 leaders gather in France, likely to discuss Iran, Ukraine at summit

World leaders began gathering in a French spa town Monday for a summit of the Group of Seven club of powerful democracies with a new impetus following President Donald Trump's announcement of an agreement that he says will bring an end to the US war against Iran. Trump arrives in Evian-les-Bains on Monday afternoon for talks with G7 leaders, including some who have been sharply critical of his managing of the roughly 15-week conflict that has led to a surge in global energy prices. Trump has had sharp disagreement with host French President Emmanuel Macron, British Prime Minister Keir Starmer, German Chancellor Friedrich Merz and Italian Prime Minister Giorgia Meloni over failing to consult them before the decision to go to war. Trump has threatened reprisals, including drawing down US troops in all four countries, all members of the NATO military alliance, for their lack of support. The G7 includes France, the United States, Canada, Germany, Italy, Japan and the United Kingdom. Gue

PM Modi welcomes West Asia deal, hopes 'implementation will bring peace'

Prime Minister Narendra Modi on Monday welcomed the understanding reached between the United States and Iran on ending the conflict in West Asia, and hoped the implementation of the pact will help restore peace in the region and ensure the freedom of navigation. President Donald Trump has announced that the US and Iran have finalised a deal to end their 107-day war, which triggered a global energy crisis. The peace agreement is scheduled to be signed on June 19 in Switzerland, according to Pakistan Prime Minister Shehbaz Sharif. "I welcome the understanding reached between the United States and Iran on ending the conflict in West Asia, which has caused serious economic disruption across the world and led to loss of life in many countries. India hopes that the implementation of this understanding will help restore peace and stability in the region and ensure the freedom of navigation and commerce," Modi said in a post on X. The prime minister said India looks forward to deliberations

How West Asia crisis unfolded: From Khamenei's death to possible peace deal

The 100-day Iran-Israel conflict drew in the US, threatened global energy supplies and triggered the most direct Iran-Israel confrontation in decades

West Asia war nears end: Where do the US, Iran, Israel stand today?

The new US-Iran peace deal may have halted hostilities, but questions over Iran's nuclear programme, Israel's regional strategy and enforcement of the agreement remain

Oil retreat hands RBI an assist in boosting rupee's near-term outlook

Economists have upgraded their outlook for India's balance of payments following the RBI's measures, with most now expecting a marginal surplus this fiscal year

Won't withdraw from land seized in Lebanon, Gaza: Israeli defence min

Israel's defence minister said Monday that Israel won't withdraw from land seized in Lebanon as the interim deal between Iran and the United States is pending. Israel Katz's remarks were the first official Israeli comments after the announcement of the interim deal. The two sides plan to meet Friday in Geneva to sign it, Pakistan has said. Katz said Israel plans to stay "indefinitely" in lands it holds in Lebanon, as well as Syria and the Gaza Strip. Iran has tied the interim deal over the war to halting Israel's attacks on Hezbollah in Lebanon. Katz also threatened that if Iran attacks Israel over Israeli strikes in Lebanon, Israel will strike Iran with "great force." Over the past two and a half years, Israel has taken control of areas in Gaza, Lebanon, and Syria amounting to 1,000 square kilometres of territory - an area that is slightly smaller than New York City.

West Asia war: Bet on smallcaps, not Nifty to make money, says Shankar Sharma

In fact, a relief rally due to West Asia conflict resolution could provide foreign investors with another opportunity to reduce their exposure to India, Sharma said.

US, Iran head to Switzerland for peace deal: Here's what world can expect

After more than three months of conflict, the US and Iran have agreed to a peace framework that includes reopening the Strait of Hormuz and restarting nuclear negotiations

Hormuz reopening may ease India's oil worries, curb inflation risks

A reopening or normalization of shipping through the Strait of Hormuz would provide significant relief for India, one of the world's largest crude importers, by easing concerns over oil supplies, lowering freight costs and reducing pressure on inflation. The narrow waterway between Iran and Oman handles roughly a fifth of global oil consumption and serves as the primary export route for major Gulf producers, including Saudi Arabia, Iraq, Kuwait, the United Arab Emirates and Qatar - all key energy suppliers to India. Supply of crude oil - the raw material for making fuels like petrol and diesel - and natural gas - the feedstock used to generate electricity, produce fertiliser, turned into CNG to run automobiles and piped to household kitchens for cooking - through the strait was disrupted since the start of Iran in the end of February. This triggered sharp increases in crude oil prices, shipping insurance premiums and freight rates. Industry sources and analysts said the reopening an

Trump heads to G7 summit in France: Key issues, leaders and what's at stake

Right after his 80th birthday party celebrations, US President Donald Trump is heading to a summit in France of the G7 club of powerful democracies to dive into issues - Iran, Ukraine, trade and more - that have been sources of friction with allies he will be meeting. Hours before leaving Washington, Trump announced an agreement to end the war - a development that could change the dynamic for the G7 leaders during the talks from late Monday to Wednesday. Just days ago, when the Iran-U.S. ceasefire was hanging by a thread, with resumed strikes, the gathering on the shores of Europe's largest Alpine lake appeared headed for stormy waters. Analysts speculated that tempers could flare and that Trump might not stick around for long in Evian-les-Bains, the Alpine spa town that's been enveloped in a security bubble for the G7 leaders and guests also invited by French President Emmanuel Macron, the host. Aside from France and the U.S., the other G7 nations are Canada, Germany, Italy, Japan

DG Shipping asks carriers to restrict Indian seafarers deployment in Hormuz

DG Shipping has advised shipping companies to restrict deployment of Indian seafarers in the Strait of Hormuz and Gulf region amid escalating security risks and attacks on commercial vessels

Oil and gas supply woes may persist despite US-Iran peace deal: Experts

High oil and gasoline prices and energy supply problems won't be solved overnight, despite an agreement to end the Iran war and open the Strait of Hormuz announced Sunday. It will likely take months before energy companies can resume operations to the point of meeting the world's demand, according to energy experts. The slow pace of the process of shipping and refining crude oil, and doubts about the security of traveling through the strait mean the effect won't be seen immediately, they said. Ships loaded with crude oil have been stranded in the Persian Gulf for more than three months, unable to safely travel through the waterway, through which about a fifth of the world's oil and gasoline supplies typically traveled before the war began. "It's going to take time for people to feel comfortable and for insurance to be in place ... particularly to get people on the ground to restart some of these assets," said Daniel Evans, global head of fuels and refining research at S&P Global ..