The killing of Ayatollah Ali Khamenei ushered in a new form of collective leadership in the country, with more power for the Revolutionary Guards
Earlier in the day, the US military said it had seized another tanker allegedly linked to the smuggling of Iranian oil
An assessment by the Defense Intelligence Agency found that Iran could keep the Strait closed anywhere from one to six months
The US military seized another tanker Thursday associated with smuggling Iranian oil. The US Defence Department said it seized the oil tanker Majestic X in the Indian Ocean. "We will continue global maritime enforcement to disrupt illicit networks and interdict vessels providing material support to Iran, wherever they operate," the Defence Department said. The seizure comes after Iran attacked three cargo ships Wednesday in the Strait of Hormuz, capturing two of them. The Defence Department released footage of the seizure of the vessel, showing US troops on the deck of the vessel. Ship-tracking data showed the Majestic X in the Indian Ocean between Sri Lanka and Indonesia, roughly the same location as the oil tanker Tifani, earlier seized by American forces. It had been bound for Zhoushan, China.
Persistent conflict in West Asia and supply chain disruptions could pose challenges to the domestic economy in the form of higher energy costs, input cost pressures, disruption in trade flows and financial market spillovers, an RBI bulletin said on Thursday. The conflict in West Asia has intensified pressures on the global supply chains in March with some easing observed in the first half of April, said an article on 'State of the Economy' published in the Reserve Bank's April bulletin. Domestic economic activity displayed resilience in many segments, with a slowdown in a few others, it said. The intensity and duration of the conflict, as well as the resultant damage to energy and other infrastructure, add risk to the inflation and growth outlook, it added. "If the conflict persists and supply chains are not restored early, it may create challenges to the domestic economy in the form of higher energy costs, input cost pressures, disruption in trade flows and financial market ...
Sensex Today | Stock Market Highlights, Thursday: In the broader markets, the Nifty MidCap and the Nifty SmallCap indices ended 0.41 and 0.67 per cent down, respectively
For its part, Iran has said it will not resume negotiations while a US naval blockade on its ports is in place
Iran war-led energy crisis may boost shift to renewable energy sources. Kotak Institutional Equities sees growth for CGD companies but warns of valuation, margin and demand risks
China's role as an unofficial mediator in the latest war in the Middle East is drawing attention across the world as it seeks to project the image of being a responsible global power while US actions are straining its long-standing alliances. China's profile in international diplomacy has risen in recent years, thanks to active efforts from its diplomats. Long reluctant to get involved in conflicts far from its borders, it has nevertheless emerged as a major player with attempts to mediate conflicts from Southeast Asia to Europe. With the Iran war, Beijing is not an official mediator, but all parties - including Washington and Tehran - say it has played an important role in trying to de-escalate the conflict. Experts say Beijing's strategies for diplomacy in multiple conflicts have looked similar and have had mixed success in influencing negotiations, but the efforts come at an opportune time, as US actions under President Donald Trump have increased tensions with traditional ...
The Sensex touched a low of 77,693, down 823.43 points, or 1 per cent. Likewise, the Nifty 50 hit an intraday low of 24,134.8, down 243.3 points, or 1 per cent
Amidst this friction, the Trump administration is reportedly pushing for a more consistent diplomatic engagement from Tehran as the precarious ceasefire persists
Amidst this friction, the Trump administration is reportedly pushing for a more consistent diplomatic engagement from Tehran as the precarious ceasefire persists
A decades-old law allows the president to wage war without congressional approval for 60 days, then limits his options for continuing. President Trump may seek to get around it
A decades-old law allows the president to wage war without congressional approval for 60 days, then limits his options for continuing. President Trump may seek to get around it
Traffic in the strait has all but halted as Iran renews its attacks, striking two vessels on Wednesday; more than 300 ships linked to Iran have passed through the strait since the war began
Traffic in the strait has all but halted as Iran renews its attacks, striking two vessels on Wednesday; more than 300 ships linked to Iran have passed through the strait since the war began
US President Donald Trump on Wednesday said Iran respected his request, will free women whose release he demanded. The president said he has been informed that four of the women will be "released immediately," while four others will be sentenced to one month each in prison. "I very much appreciate that Iran, and its leaders, respected my request ... and terminated the planned execution," Trump wrote on the Truth Social platform. He said the women protesters were expected to be executed Wednesday. Rights groups that monitor Iran had said two of the women were already released on bail in March, and two others were known to face charges that carry the death sentences. They had been arrested during the January anti-government protests. Trump re-posted a photo of the women, including two teen girls, on Tuesday on social media, which a conservative activist noted are facing prosecution in Iran. The Iranian judiciary responded promptly, denying that any of them were on the verge of ...
Pezeshkian's remarks come after US President Donald Trump said he had decided to extend the ceasefire with Iran to give its leadership more time to come up with a unified proposal for negotiations
Pezeshkian's remarks come after US President Donald Trump said he had decided to extend the ceasefire with Iran to give its leadership more time to come up with a unified proposal for negotiations
Iran fired on three ships in the Strait of Hormuz and seized two of them on Wednesday, intensifying its assault on shipping in the key waterway. The attacks came a day after US President Donald Trump extended a ceasefire while maintaining an American blockade of Iranian ports. The standoff between the US and Iran has effectively choked off nearly all exports through the strait - where 20% of the world's traded oil passes in peacetime - with no end in sight. Iranian media said the paramilitary Revolutionary Guard was bringing the two ships to Iran, marking a further escalation, though the White House said the seizures didn't violate ceasefire terms. The conflict has already sent gas prices skyrocketing far beyond the region and raised the cost of food and a wide array of other products. The price of Brent crude oil, the international standard, nosed over $100 per barrel, marking a 35% increase from prewar levels, but stock markets still appear to be shrugging it off. The European Uni