Iran acknowledged "attacks on power infrastructure" during the US airstrike campaign for the first time Friday, showing the escalation in the American campaign. Iran's Energy Ministry issued a call for people to use less power in southern provinces. It said those areas "are currently experiencing extreme heat and attacks on power infrastructure". The ministry did not elaborate on whether it was power plants, transmission lines or other equipment that had been attacked. US President Donald Trump had threatened to go after bridges and power plants as America vies with Iran over control of the Strait of Hormuz.
The US Fed chief Warsh's hawkish stance and rate hike worries due to Middle East tensions would keep Gold prices under pressure.
Crude Oil market has moved beyond a simple war-premium story. It's now balancing three forces at once: geopolitical risk around Hormuz, refinery-led product tightness and softer macro-demand impulse.
A tanker came under attack travelling through the Strait of Hormuz taking the route closest to Oman, the British military said Friday. The report from the United Kingdom Maritime Trade Operations centre described the strike as happening early Friday and involving a projectile hitting the vessel. The UKMTO said the ship sustained minor damage to its port side. "All crew are safe and accounted for, no environmental impact has been reported and the vessel is continuing to its next port of call," the UKMTO said. Iran has been attacking tankers travelling on the route near Oman but did not immediately acknowledge any attack.
Iran has asked Yemen's Houthis to prepare for a possible closure of the Bab el-Mandeb Strait, raising concerns over its impact on global shipping, energy markets and trade
Iran has asked Yemen's Houthis to prepare for a possible closure of the Bab el-Mandeb Strait, raising concerns over its impact on global shipping, energy markets and trade
US airstrikes on Friday appeared to have collapsed a tower at Iran's Chabahar port on the Gulf of Oman, a key trade route for Afghanistan. US Defence Secretary Pete Hegseth shared the image of the surveillance tower appearing to collapse. That image had circulated social media via activists prior to Hegseth sharing it. Chabahar port has been a repeated target of American airstrikes. Iranian state media acknowledged a third round of strikes on the facility without immediately acknowledging the tower's collapse. Iran described the tower as overseeing commercial traffic into the port. However, Iran's paramilitary Revolutionary Guard also operates at ports across the country.
US airstrikes on Friday appeared to have collapsed a tower at Iran's Chabahar port on the Gulf of Oman, a key trade route for Afghanistan. US Defence Secretary Pete Hegseth shared the image of the surveillance tower appearing to collapse. That image had circulated social media via activists prior to Hegseth sharing it. Chabahar port has been a repeated target of American airstrikes. Iranian state media acknowledged a third round of strikes on the facility without immediately acknowledging the tower's collapse. Iran described the tower as overseeing commercial traffic into the port. However, Iran's paramilitary Revolutionary Guard also operates at ports across the country.
The White House said the Strait of Hormuz remains open for commercial vessels not travelling to or from Iranian ports, with the US Navy deployed to secure maritime traffic
The White House said the Strait of Hormuz remains open for commercial vessels not travelling to or from Iranian ports, with the US Navy deployed to secure maritime traffic
The United States expanded its airstrike campaign against Iran early Friday by increasingly hitting bridges, part of President Donald Trump's threats to start striking infrastructure to pressure Tehran to ease its chokehold on the Strait of Hormuz. Iran launched new missile attacks against US-allied nations in the Middle East and warned that its attacks would escalate. In Qatar, authorities warned the public to take shelter as a barrage of Iranian missiles targeted the nation. People heard explosions overhead as air defenses fired to intercept the missiles. Qatar is a key mediator with Pakistan in trying to reach an end to the Iran war. But talks have broken down over Iran's chokehold on the Strait of Hormuz. Iran earlier targeted Bahrain and Kuwait over US airstrikes hitting bridges in the Islamic Republic overnight. The interim ceasefire agreed to last month has collapsed, and the region has endured days of back-and-forth attacks by the US and Iran as they battle for control of t
The United States expanded its airstrike campaign against Iran early Friday by increasingly hitting bridges, part of President Donald Trump's threats to start striking infrastructure to pressure Tehran to ease its chokehold on the Strait of Hormuz. Iran launched new missile attacks against US-allied nations in the Middle East and warned that its attacks would escalate. In Qatar, authorities warned the public to take shelter as a barrage of Iranian missiles targeted the nation. People heard explosions overhead as air defenses fired to intercept the missiles. Qatar is a key mediator with Pakistan in trying to reach an end to the Iran war. But talks have broken down over Iran's chokehold on the Strait of Hormuz. Iran earlier targeted Bahrain and Kuwait over US airstrikes hitting bridges in the Islamic Republic overnight. The interim ceasefire agreed to last month has collapsed, and the region has endured days of back-and-forth attacks by the US and Iran as they battle for control of t
Iran said it launched Arash drone attacks on US military assets at Bahrain's Sakhir base in response to US strikes on civilian infrastructure, according to state media
Iran said it launched Arash drone attacks on US military assets at Bahrain's Sakhir base in response to US strikes on civilian infrastructure, according to state media
Oil prices edged higher, with Brent crude above $85 a barrel, as escalating US-Iran attacks raised concerns over disruptions to supplies through the Strait of Hormuz
Oil prices edged higher, with Brent crude above $85 a barrel, as escalating US-Iran attacks raised concerns over disruptions to supplies through the Strait of Hormuz
Sensex Today | Stock Market Highlights, Thursday: In the broader markets, the Nifty MidCap and the Nifty SmallCap ended 0.41 per cent and 0.1 per cent down, respectively
Iran's joint military command stepped up its threats on Thursday as intensifying US airstrikes target the country, saying it would destroy "all the infrastructure in the region". The threat from the Khatam al-Anbiya Central Headquarters referenced US President Donald Trump's repeated warning that he could launch attacks against power plants and bridges in Iran. Col Ebrahim Zolfaghari, a spokesperson for the Iranian military's Khatam Al-Anbiya Central Headquarters, issued the warning. "All the infrastructure in the region will be crushed under the steel blows of the powerful armed forces of the Islamic Republic of Iran" should Trump's threat be carried out, Zolfaghari said. "Under no circumstances and in no way will we allow America, as a foreign and extra-regional country, to interfere in the Strait of Hormuz," he added. "This is Iran's invincible red line.
Iran's joint military command stepped up its threats on Thursday as intensifying US airstrikes target the country, saying it would destroy "all the infrastructure in the region". The threat from the Khatam al-Anbiya Central Headquarters referenced US President Donald Trump's repeated warning that he could launch attacks against power plants and bridges in Iran. Col Ebrahim Zolfaghari, a spokesperson for the Iranian military's Khatam Al-Anbiya Central Headquarters, issued the warning. "All the infrastructure in the region will be crushed under the steel blows of the powerful armed forces of the Islamic Republic of Iran" should Trump's threat be carried out, Zolfaghari said. "Under no circumstances and in no way will we allow America, as a foreign and extra-regional country, to interfere in the Strait of Hormuz," he added. "This is Iran's invincible red line.
Asian shares were mostly lower Thursday and oil prices slipped despite a flurry of strikes between the US and Iran. US futures edged higher. Selling of AI-related shares weighed on benchmarks in South Korea and Japan. An interest rate hike by the Bank of Korea also contributed to a 6.6% tumble for the Kospi, to 6,816.70. It was the first rate hike by the BOK since 2023 and was aimed at helping curb inflationary pressures due to the Iran war. Memory chipmaker SK Hynix dropped 11.2%, while Samsung Electronics fell 8.2%. Taiwan's Taiex lost 0.3% ahead of the release of an earnings report by Taiwan computer chipmaker TSMC, which is often seen as a barometer for the global industry and for the boom in artificial intelligence. US futures edged higher. Tokyo's Nikkei 225 fell 2.9% to 66,767.64. Shares of Japanese memory chipmaker Kioxia plummeted 13.5%. Chipmaking equipment company Tokyo Electron dropped 5.2%, while chip testing equipment maker Advantest gave up 5.6%. SoftBank Group s