Rystad Energy has warned that renewed hostilities between the US and Iran could drive crude prices sharply higher as supply disruptions deepen across the Gulf region
Rystad Energy has warned that renewed hostilities between the US and Iran could drive crude prices sharply higher as supply disruptions deepen across the Gulf region
European bonds held gains after the announcement, with the 10-year yield three basis points lower at 3.05 per cent . The euro was steady against the dollar at $1.1538
Three Indian sailors died in a US strike on the Settebello tanker off Oman a day earlier
Trump said the US will attack Iran again with intensified strikes on Thursday night but he would rather not hit bridges and power plants
India summoned US Charge d'Affaires Jason Meeks and conveyed its strong objection over an attack on a commercial tanker carrying 24 Indian crew members off the coast of Oman
Sensex Today | Stock Market Highlights, Thursday: In the broader markets, the Nifty MidCap and the Nifty SmallCap ended 0.81 per cent and 0.67 per cent down, respectively
Indian embassy in Oman did not specify if the vessel involved in Thursday's incident had Indian seafarers on board
Indian embassy in Oman did not specify if the vessel involved in Thursday's incident had Indian seafarers on board
Three Indian seafarers onboard the Palau-flagged MT Settebello, initially reported missing, are now confirmed dead, Union Shipping Minister Sarbananda Sonowal said on Thursday after bodies were located and identified. It is deeply unfortunate to learn of the tragic incident aboard the Palau-flagged MT Settebello, Sonowal said in a social media post. "Sadly, three Indian seafarers initially reported missing are now confirmed dead after bodies have been located and identified," he added. The minister added that this is a "profound loss to our maritime family". "The Modi Govt stands firmly with the bereaved during this difficult hour and is fully committed to supporting the next of kin," he added. Sonowal said he has directed officials to ensure immediate repatriation of the rescued crew members and swift return of the mortal remains of the deceased for their final rites. India on Wednesday summoned the US charge d'affaires to strongly protest a US military attack on a commercial ve
Kuwait on Thursday said it closed its airspace over ongoing Iranian attacks. Kuwait's Directorate General of Civil Aviation made the announcement. It said flights were being diverted to other airports, without elaborating. Flights circled outside of Kuwait for some time before the announcement, after the military announced its air defences were firing. "This measure comes in light of the state of Kuwait being subjected to sinful Iranian aggressions and the potential risks that may result from this on civil aviation traffic in the region," Kuwait said. Kuwait International Airport took a direct Iranian hit in recent days, killing one person and wounding dozens.
Kuwait on Thursday said it closed its airspace over ongoing Iranian attacks. Kuwait's Directorate General of Civil Aviation made the announcement. It said flights were being diverted to other airports, without elaborating. Flights circled outside of Kuwait for some time before the announcement, after the military announced its air defences were firing. "This measure comes in light of the state of Kuwait being subjected to sinful Iranian aggressions and the potential risks that may result from this on civil aviation traffic in the region," Kuwait said. Kuwait International Airport took a direct Iranian hit in recent days, killing one person and wounding dozens.
'Effective immediately, due to insecurity in the region, the Strait of Hormuz is declared closed to all vessels, including oil tankers and commercial ships,' IRGC said
'Effective immediately, due to insecurity in the region, the Strait of Hormuz is declared closed to all vessels, including oil tankers and commercial ships,' IRGC said
Brent futures rose $2.30, or 2.47 per cent, to $95.40 a barrel, while US West Texas Intermediate (WTI) crude climbed $2.60, or 2.89 per cent, to $92.63
Brent futures rose $2.30, or 2.47 per cent, to $95.40 a barrel, while US West Texas Intermediate (WTI) crude climbed $2.60, or 2.89 per cent, to $92.63
The US military said Wednesday it began another round of strikes against Iran after President Donald Trump warned that Tehran would "pay the price" for stalled negotiations. The escalating attacks threatened to derail efforts to end the war. US Central Command said in a social media post that the military was striking "multiple targets in Iran," attacks that were "in response to Iran's unwarranted and continued aggression". The second day of American strikes came hours after Bahrain, Kuwait and Jordan - all of which host US troops - came under Iranian fire. It was the third time this week that back-and-forth strikes have tested a two-month ceasefire. They also came a day after the US struck Iran following the crash of an Army helicopter near the Strait of Hormuz that Trump blamed on the Islamic Republic. Trump has urged Iran to sign a deal to end the war and suggested earlier this week that an agreement could be reached in a matter of days. Iranian media reported that explosions we
The US military said Wednesday it began another round of strikes against Iran after President Donald Trump warned that Tehran would "pay the price" for stalled negotiations. The escalating attacks threatened to derail efforts to end the war. US Central Command said in a social media post that the military was striking "multiple targets in Iran," attacks that were "in response to Iran's unwarranted and continued aggression". The second day of American strikes came hours after Bahrain, Kuwait and Jordan - all of which host US troops - came under Iranian fire. It was the third time this week that back-and-forth strikes have tested a two-month ceasefire. They also came a day after the US struck Iran following the crash of an Army helicopter near the Strait of Hormuz that Trump blamed on the Islamic Republic. Trump has urged Iran to sign a deal to end the war and suggested earlier this week that an agreement could be reached in a matter of days. Iranian media reported that explosions we
Earlier, Trump said that the United States would resume attacks on Iran, as he voiced frustration over Tehran's delays in concluding the deal with Washington
Earlier, Trump said that the United States would resume attacks on Iran, as he voiced frustration over Tehran's delays in concluding the deal with Washington