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Page 21 - Us Iran Tensions

Pentagon seeks $80 billion from Congress to cover mounting Iran war costs

The Pentagon has told senators it needs roughly USD 80 billion, mostly to cover the cost of the US war against Iran, adding to what is already a sizable military spending boost being sought by President Donald Trump. The White House Office of Management and Budget has yet to make a formal request to Congress. But Defence Secretary Pete Hegseth has been making the rounds on Capitol Hill, including Monday evening. A top deputy defence secretary told senators about the Iran funding request last week, according to two people familiar with the situation but not authorised to discuss it publicly. The Wall Street Journal first reported on the developments. Push for Pentagon money faces skeptical lawmakers --------------------------------------------------------- The push for billions of dollars in Iran war funding comes at a fraught political moment. Lawmakers are skeptical of the deal Trump struck with Iran to bring an end to the war, and wary of next steps. The White House has reques

Pentagon seeks $80 billion from Congress to cover mounting Iran war costs
Updated On : 23 Jun 2026 | 7:37 AM IST

Four India-bound ships carrying fertilisers cross Hormuz after peace deal

Four fertiliser ships have crossed the Strait of Hormuz after the US-Iran peace deal, easing concerns over supplies for India's agriculture sector

Four India-bound ships carrying fertilisers cross Hormuz after peace deal
Updated On : 22 Jun 2026 | 11:30 PM IST

US, Iran want a deal but uncertainty persists over Israeli intentions

Early progress in US-Iran talks offers hope for a deal, but tensions involving Israel, Lebanon and the Strait of Hormuz could still derail negotiations

US, Iran want a deal but uncertainty persists over Israeli intentions
Updated On : 22 Jun 2026 | 10:34 PM IST

US-Iran talks lay 'good foundation' for final peace deal, says Vance

The United States and Iran agreed on a roadmap towards a permanent agreement within 60 days, with progress reported on nuclear inspections, oil exports and maritime security

US-Iran talks lay 'good foundation' for final peace deal, says Vance
Updated On : 22 Jun 2026 | 10:15 PM IST

US authorises Iranian oil sales as talks advance towards final peace deal

The United States has temporarily eased sanctions on Iranian oil exports, linking the move to commitments by Tehran on nuclear inspections and free transit through the Strait of Hormuz

US authorises Iranian oil sales as talks advance towards final peace deal
Updated On : 22 Jun 2026 | 9:41 PM IST

Stock Market Close: Sensex jumps over 292 pts, Nifty ends at 24,103; pharma, oil & gas shares shine

Sensex Today | Stock Market Highlights, Monday: In the broader markets, the Nifty MidCap and the Nifty SmallCap settled 0.34 per cent and 0.6 per cent higher, respectively

Stock Market Close: Sensex jumps over 292 pts, Nifty ends at 24,103; pharma, oil & gas shares shine
Updated On : 22 Jun 2026 | 3:45 PM IST

Iranian crude prices slashed as more shipments exit Strait of Hormuz

At least 11 tankers carrying a combined 20 million barrels were detected leaving the Iranian port of Chabahar in recent days, Bloomberg shipping data show

Iranian crude prices slashed as more shipments exit Strait of Hormuz
Updated On : 22 Jun 2026 | 1:47 PM IST

Iranian crude prices slashed as more shipments exit Strait of Hormuz

At least 11 tankers carrying a combined 20 million barrels were detected leaving the Iranian port of Chabahar in recent days, Bloomberg shipping data show

Iranian crude prices slashed as more shipments exit Strait of Hormuz
Updated On : 22 Jun 2026 | 1:47 PM IST

Govt bonds walk tightrope on steady oil price, shaky US-Iran truce

Traders said Indian debt markets still face rate risks from El Niño's potential impact on inflation and growth and elevated global yields after a hawkish US Federal Reserve commentary

Govt bonds walk tightrope on steady oil price, shaky US-Iran truce
Updated On : 22 Jun 2026 | 11:20 AM IST

US, Iran agree on roadmap for final deal within 60 days at Swiss talks

The US and Iran have agreed on a roadmap aimed at reaching a final agreement within 60 days following two days of talks at the Swiss resort of Burgenstock, according to a joint statement issued by mediators Pakistan and Qatar on Monday. The talks, held on Sunday and Monday, took place under the framework of the Islamabad Memorandum of Understanding (MoU) signed by the US and Iran on Thursday to advance negotiations on regional security and other contentious issues. Pakistan Prime Minister Shehbaz Sharif and Qatari Prime Minister Sheikh Mohammed bin Abdulrahman Al Thani also participated in the discussions, facilitating the negotiations. While the US team was led by Vice President JD Vance, the Iranian delegation was led by Parliament Speaker Mohammad Bagher Ghalibaf. In a joint statement issued after the conclusion of the Lake Lucerne Summit, the first high-level committee meeting since the signing of the MoU, the mediators stated that representatives of Iran, the US, Pakistan, and

US, Iran agree on roadmap for final deal within 60 days at Swiss talks
Updated On : 22 Jun 2026 | 9:37 AM IST

US, Iran agree on roadmap for final deal within 60 days at Swiss talks

The US and Iran have agreed on a roadmap aimed at reaching a final agreement within 60 days following two days of talks at the Swiss resort of Burgenstock, according to a joint statement issued by mediators Pakistan and Qatar on Monday. The talks, held on Sunday and Monday, took place under the framework of the Islamabad Memorandum of Understanding (MoU) signed by the US and Iran on Thursday to advance negotiations on regional security and other contentious issues. Pakistan Prime Minister Shehbaz Sharif and Qatari Prime Minister Sheikh Mohammed bin Abdulrahman Al Thani also participated in the discussions, facilitating the negotiations. While the US team was led by Vice President JD Vance, the Iranian delegation was led by Parliament Speaker Mohammad Bagher Ghalibaf. In a joint statement issued after the conclusion of the Lake Lucerne Summit, the first high-level committee meeting since the signing of the MoU, the mediators stated that representatives of Iran, the US, Pakistan, and

US, Iran agree on roadmap for final deal within 60 days at Swiss talks
Updated On : 22 Jun 2026 | 9:37 AM IST

What changed after almost four months of US-Iran war? Analysts say not much

Neither the war nor the agreement terminated the main threats emanating from Iran, many analysts said

What changed after almost four months of US-Iran war? Analysts say not much
Updated On : 22 Jun 2026 | 8:34 AM IST

What changed after almost four months of US-Iran war? Analysts say not much

Neither the war nor the agreement terminated the main threats emanating from Iran, many analysts said

What changed after almost four months of US-Iran war? Analysts say not much
Updated On : 22 Jun 2026 | 8:34 AM IST

US-Iran negotiations end in Switzerland, technical talks to continue

Negotiators expected to work through the night after high-level US-Iran talks on their interim deal to end the war had a tense start Sunday in Switzerland, when Tehran took offence at US President Donald Trump's threat to attack and his warning that Iran's president should watch what he says. The comments from afar on social media and to news outlets complicated efforts by Vice President J D Vance and mediators Pakistan and Qatar to keep Iran engaged in discussions meant to address thorny issues like Tehran's nuclear programme, the Strait of Hormuz and the unfreezing of billions of dollars in Iranian assets. Before anything, however, Iran wants to discuss Lebanon, where Israel's military has been fighting the Iranian-backed Hezbollah militant group, since the deal halts conflict on all fronts. "Iran must immediately stop their highly paid PROXIES in Lebanon from causing trouble," Trump said on social media. "If they don't, we'll hit Iran very hard again, just like we did last week

US-Iran negotiations end in Switzerland, technical talks to continue
Updated On : 22 Jun 2026 | 7:46 AM IST

US-Iran negotiations end in Switzerland, technical talks to continue

Negotiators expected to work through the night after high-level US-Iran talks on their interim deal to end the war had a tense start Sunday in Switzerland, when Tehran took offence at US President Donald Trump's threat to attack and his warning that Iran's president should watch what he says. The comments from afar on social media and to news outlets complicated efforts by Vice President J D Vance and mediators Pakistan and Qatar to keep Iran engaged in discussions meant to address thorny issues like Tehran's nuclear programme, the Strait of Hormuz and the unfreezing of billions of dollars in Iranian assets. Before anything, however, Iran wants to discuss Lebanon, where Israel's military has been fighting the Iranian-backed Hezbollah militant group, since the deal halts conflict on all fronts. "Iran must immediately stop their highly paid PROXIES in Lebanon from causing trouble," Trump said on social media. "If they don't, we'll hit Iran very hard again, just like we did last week

US-Iran negotiations end in Switzerland, technical talks to continue
Updated On : 22 Jun 2026 | 7:46 AM IST

Oil prices rise after Iran shuts Hormuz again, Trump threatens new attacks

Brent crude futures ​climbed 54 cents or 0.67 per cent, to $81.11 a barrel by 0030 GMT, after touching a high of $82.30 ‌at the start of trading

Oil prices rise after Iran shuts Hormuz again, Trump threatens new attacks
Updated On : 22 Jun 2026 | 7:43 AM IST

Oil prices rise after Iran shuts Hormuz again, Trump threatens new attacks

Brent crude futures ​climbed 54 cents or 0.67 per cent, to $81.11 a barrel by 0030 GMT, after touching a high of $82.30 ‌at the start of trading

Oil prices rise after Iran shuts Hormuz again, Trump threatens new attacks
Updated On : 22 Jun 2026 | 7:43 AM IST

Trump asked us to turn over 'a new leaf' in ties with Iranian people: Vance

Trump wants to 'turn over a new leaf' with Iran as US and Iranian officials begin technical talks in Switzerland, says Vice President JD Vance

Trump asked us to turn over 'a new leaf' in ties with Iranian people: Vance
Updated On : 22 Jun 2026 | 12:08 AM IST

Trump threatens Iran with fresh strikes as Vance leads peace talks

Trump warned Iran of tougher US strikes if it fails to rein in Hezbollah, even as Washington pursues diplomatic talks with Tehran

Trump threatens Iran with fresh strikes as Vance leads peace talks
Updated On : 22 Jun 2026 | 12:05 AM IST

EXIM matters: Fragile US-Iran ceasefire brings relief, likely to last

A pause in West Asia hostilities offers relief on energy, freight and trade costs, but India must stay alert as the US-Iran understanding remains fragile

EXIM matters: Fragile US-Iran ceasefire brings relief, likely to last
Updated On : 21 Jun 2026 | 11:25 PM IST