Page 2 - Us Iran Tensions

Oil falls as Iran proposes talks but prices still set for weekly gains

Brent's June contract hit $126.41 a barrel on Thursday, marking the highest level since March 2022, before ending the session down

Oil falls as Iran proposes talks but prices still set for weekly gains

Brent's June contract hit $126.41 a barrel on Thursday, marking the highest level since March 2022, before ending the session down

May Day rallies worldwide call for peace, higher wages amid Iran war costs

Activists worldwide will march in May Day rallies Friday, calling for peace, higher wages and better working conditions as many workers grapple with rising energy costs and shrinking purchasing power tied to the Iran war. The day is a public holiday in many countries, and demonstrations, some of which have turned violent in the past, are expected in many of the world's major cities. "Working people refuse to pay the price for Donald Trump's war in the Middle East," the European Trade Union Confederation, which represents 93 trade union organisations in 41 European countries, said. "Today's rallies show working people will not stand by and see their jobs and living standards destroyed." In the United States, activists opposing US President Donald Trump's policies are planning marches and boycotts. Here's what to know about May Day Rising energy prices and living costs -------------------------------------------- Rising living costs linked to the conflict in the Middle East are e

Iran's internet shutdown crushing businesses in already battered economy

At her studio in Iran's capital, Amen Khademi prepared a fashion shoot for a jacket she designed with Persian-inspired motifs. But even as she applied lipstick to the model, she was distracted, worrying if her business would survive after four months without its main link to customers - the internet. Iran's 90 million people have been cut off from the internet for most of 2026, one of the world's longest and strictest national shutdowns. That is devastating for an online economy that had long defied government restrictions and international sanctions. From fashion to fitness, to advertising and retailers, many have seen their incomes evaporate. Khademi hasn't made a sale in months. "The internet outage in the past four months has completely destroyed not only my business, but many online businesses," she said. Despite an uneasy truce with the US and Israel, Iran's rulers have refused to reverse the shutdown they have depicted as a wartime necessity. But they are facing an outcry as

Iran's internet shutdown crushing businesses in already battered economy

At her studio in Iran's capital, Amen Khademi prepared a fashion shoot for a jacket she designed with Persian-inspired motifs. But even as she applied lipstick to the model, she was distracted, worrying if her business would survive after four months without its main link to customers - the internet. Iran's 90 million people have been cut off from the internet for most of 2026, one of the world's longest and strictest national shutdowns. That is devastating for an online economy that had long defied government restrictions and international sanctions. From fashion to fitness, to advertising and retailers, many have seen their incomes evaporate. Khademi hasn't made a sale in months. "The internet outage in the past four months has completely destroyed not only my business, but many online businesses," she said. Despite an uneasy truce with the US and Israel, Iran's rulers have refused to reverse the shutdown they have depicted as a wartime necessity. But they are facing an outcry as

Iran 'dying to make a deal': Trump calls conflict a 'military operation'

Trump's remarks came at a time when Iran threatened fresh strikes if the US resumed the war which has been paused since the warring sides agreed to a ceasefire on April 8

Iran 'dying to make a deal': Trump calls conflict a 'military operation'

Trump's remarks came at a time when Iran threatened fresh strikes if the US resumed the war which has been paused since the warring sides agreed to a ceasefire on April 8

Trump admin says war in Iran has been 'terminated' before 60-day deadline

The Trump administration is arguing that the war in Iran has already ended because of the ceasefire that began in early April, an interpretation that would allow the White House to avoid the need to seek congressional approval. The statement furthers an argument laid out by Defense Secretary Pete Hegseth during testimony in the Senate earlier Thursday, when he said the ceasefire effectively paused the war. Under that rationale, the administration has not yet met the requirement mandated by a 1973 law to seek formal approval from Congress for military action that extends beyond 60 days. A senior administration official, who spoke on condition of anonymity to discuss the administration's position, said for purposes of that law, "the hostilities that began on Saturday, Feb 28 have terminated." The official said the US military and Iran have not exchanged fire since the two-week ceasefire that began April 7. While the ceasefire has since been extended, Iran maintains its chokehold on th

Trump admin says war in Iran has been 'terminated' before 60-day deadline

The Trump administration is arguing that the war in Iran has already ended because of the ceasefire that began in early April, an interpretation that would allow the White House to avoid the need to seek congressional approval. The statement furthers an argument laid out by Defense Secretary Pete Hegseth during testimony in the Senate earlier Thursday, when he said the ceasefire effectively paused the war. Under that rationale, the administration has not yet met the requirement mandated by a 1973 law to seek formal approval from Congress for military action that extends beyond 60 days. A senior administration official, who spoke on condition of anonymity to discuss the administration's position, said for purposes of that law, "the hostilities that began on Saturday, Feb 28 have terminated." The official said the US military and Iran have not exchanged fire since the two-week ceasefire that began April 7. While the ceasefire has since been extended, Iran maintains its chokehold on th

US House votes to end DHS shutdown as Senate grills Hegseth on Iran

After weeks of delay, the House on Thursday voted to fund much of the US Department of Homeland Security, excluding immigration enforcement. The bipartisan package would end the agency's longest shutdown and avoid another round of airport disruptions. The bill now heads to President Donald Trump to sign, although much of his immigration agenda - which has been central to the dispute over funding - is paid for separately. Meanwhile in the Senate, Defence Secretary Pete Hegseth and the chairman of the Joint Chiefs of Staff faced another day of intense questioning as the Trump administration seeks a historic USD 1.5 trillion military budget for 2027. It's the first chance for senators to confront or praise how the leaders are handling the Iran war. One Democrat raised "serious constitutional concerns" about Hegseth's claim that the 60-day legal limit for the war is on pause during a ceasefire. Senators also questioned the defense secretary's efforts to remake military culture, the ...

US House votes to end DHS shutdown as Senate grills Hegseth on Iran

After weeks of delay, the House on Thursday voted to fund much of the US Department of Homeland Security, excluding immigration enforcement. The bipartisan package would end the agency's longest shutdown and avoid another round of airport disruptions. The bill now heads to President Donald Trump to sign, although much of his immigration agenda - which has been central to the dispute over funding - is paid for separately. Meanwhile in the Senate, Defence Secretary Pete Hegseth and the chairman of the Joint Chiefs of Staff faced another day of intense questioning as the Trump administration seeks a historic USD 1.5 trillion military budget for 2027. It's the first chance for senators to confront or praise how the leaders are handling the Iran war. One Democrat raised "serious constitutional concerns" about Hegseth's claim that the 60-day legal limit for the war is on pause during a ceasefire. Senators also questioned the defense secretary's efforts to remake military culture, the ...

Iran's supreme leader vows to protect nuclear, missile capabilities

Iran's supreme leader vowed Thursday in a defiant tone to protect the Islamic Republic's nuclear and missile capabilities, which US President Donald Trump has sought to curtail through airstrikes and as part of a wider deal to cement the war's shaky ceasefire. In a statement read by a state television anchor, Ayatollah Mojtaba Khamenei said the only place Americans belonged in the Persian Gulf is "at the bottom of its waters" and that a "new chapter" was being written in the region's history. Khamenei has not been seen in public since taking over as supreme leader following the killing of his father in the war's opening airstrikes. His remarks come as Iran's economy is reeling and its oil industry is being squeezed by a US Navy blockade halting its tankers from getting out to sea. The world economy is also under pressure as Iran maintains its chokehold on the Strait of Hormuz, through which a fifth of all crude oil is transported. On Thursday, the global benchmark for oil, Brent ...

Iran's supreme leader vows to protect nuclear, missile capabilities

Iran's supreme leader vowed Thursday in a defiant tone to protect the Islamic Republic's nuclear and missile capabilities, which US President Donald Trump has sought to curtail through airstrikes and as part of a wider deal to cement the war's shaky ceasefire. In a statement read by a state television anchor, Ayatollah Mojtaba Khamenei said the only place Americans belonged in the Persian Gulf is "at the bottom of its waters" and that a "new chapter" was being written in the region's history. Khamenei has not been seen in public since taking over as supreme leader following the killing of his father in the war's opening airstrikes. His remarks come as Iran's economy is reeling and its oil industry is being squeezed by a US Navy blockade halting its tankers from getting out to sea. The world economy is also under pressure as Iran maintains its chokehold on the Strait of Hormuz, through which a fifth of all crude oil is transported. On Thursday, the global benchmark for oil, Brent ...

War, oil and the rupee: Why policy is playing defence, not stimulus

India's policy response to rising oil prices and geopolitical risks remains cautious, prioritising macroeconomic stability over stimulus as inflation pressures and second-order effects begin to emerge

Mojtaba Khamenei says new phase ahead for Gulf, Strait of Hormuz after war

Iran's Supreme Leader signals a 'new phase' in the Gulf, raising concerns over Strait of Hormuz security and global oil supply disruptions

Market Close: Sensex falls 583 pts, Nifty ends at 23,998; Brent crude above $120 on US-Iran standoff

Sensex Today | Stock Market Highlights, Thursday: In the broader markets, the Nifty MidCap and the Nifty SmallCap ended 0.98 per cent and 0.48 per cent down, respectively

Iran conflict creates two-speed diesel market across Asian economies

Asia typically sources most of its diesel from plants within the region, which in turn rely on flows of crude from West Asia for a substantial share of their input

Iran conflict creates two-speed diesel market across Asian economies

Asia typically sources most of its diesel from plants within the region, which in turn rely on flows of crude from West Asia for a substantial share of their input

Rupee hits record low: Analysts flag 96-97 levels as oil, Fed stance weigh

Rupee hit a record low of 95.32 vs dollar on Thursday. Going ahead, analysts see further downside with 96-97 levels in focus as oil surge, FII outflows and hawkish US Fed weigh on outlook