Page 14 - Us-iran Tensions

Gold prices jump 2.7% to near one-week high after US-Iran peace deal

Spot gold rose 2.7 per cent to $4,334.48 per ounce, as of 0857 GMT, ‌hitting its highest level since June 9

World leaders welcome US-Iran peace deal, hail diplomatic breakthrough

The agreement, announced by US President Donald Trump and supported by mediators led by Pakistan, drew praise from Qatar, Turkiye, the United Kingdom, Germany and France

World leaders welcome US-Iran peace deal, hail diplomatic breakthrough

The agreement, announced by US President Donald Trump and supported by mediators led by Pakistan, drew praise from Qatar, Turkiye, the United Kingdom, Germany and France

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

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

West Asia conflict: From oil to inflation, how did the crisis impact India?

The West Asia crisis affected India through higher oil prices, pressure on the rupee, weaker trade, rising aviation costs and inflation. Here's how the economy absorbed the shock

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

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.

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.

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

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

Inflation worries keep markets wary even after US-Iran peace deal

A drop in oil prices may ease inflation and give central banks more flexibility, but key issues, including Iran's nuclear program, sanctions relief and future operations of Hormuz remain unsettled

Inflation worries keep markets wary even after US-Iran peace deal

A drop in oil prices may ease inflation and give central banks more flexibility, but key issues, including Iran's nuclear program, sanctions relief and future operations of Hormuz remain unsettled

Hormuz reopening would offer relief for Asia, but economic scars may linger

For months, Asia has suffered a physical supply crunch that will likely drag on its economies long after the crucial waterway reopens

Hormuz reopening would offer relief for Asia, but economic scars may linger

For months, Asia has suffered a physical supply crunch that will likely drag on its economies long after the crucial waterway reopens

US-Iran peace deal may help boost India's exports, stabilise rupee

The announcement that the US and Iran have finalised a deal to end their 107-day conflict and reopen the Strait of Hormuz is expected to boost India's exports to West Asia, which was severely impacted by the hostilities, spur manufacturing activity and help stabilise the rupee, according to exporters and experts. They said the announcement, if implemented successfully, would reduce pressure on India's import bill, ease inflationary covers and create a more conducive environment for trade. The peace agreement would be signed on June 19 in Switzerland. The US and Iran have reached a peace deal to end a four-month war that disrupted global energy supplies, pushed oil prices above USD 100 per barrel, and brought the Middle East to the brink of a wider regional conflict. For India, which relies heavily on West Asia for crude oil, LPG and LNG supplies, the deal promises relief from high energy prices, pressure on the rupee, and inflation risks that intensified during the conflict, econom