Page 26 - Us Iran Tensions

Trump defends Iran deal, says he wanted to avert economic disaster

Economists say the peace deal spells good news for the global economy, but warn of huge ​risks if the deal falls through and the conflict intensifies

Trump on Iran truce: 'If I don't like it, we'll go back to shooting'

G7 leaders welcome interim accord, call for Lebanon ceasefire and back efforts to reduce reliance on Strait of Hormuz

India's exports hit record $863 billion despite trade shocks, says official

Despite global trade disruptions stemming from the West Asia conflict and the imposition of US tariffs, India's exports reached a record high of USD 863 billion in Financial Year 2025-26, a senior Commerce Ministry official said on Wednesday. "This has been a very difficult year, from US tariffs to West Asia crises, but despite that, we have proved that India is very resilient as far as the export ecosystem is concerned. India's total exports reached an all-time high of USD 863 billion in FY 2025-26," said Additional Secretary in the Department of Commerce, Ajay Bhadoo. Bhadoo was speaking at the Outreach Programme: 12 years of achievements and progress of SEZs of Gujarat & vision of future" in Ahmedabad. He said India's overall exports have nearly doubled from approximately USD 441 billion to USD 863 billion over the last decade, led by sectors such as engineering goods, petroleum products, electronics, pharmaceuticals, gems & jewellery, and chemicals. He added that Gujarat ..

Why easing OMC losses may not translate into cheaper fuel anytime soon

Fuel prices were raised to reduce losses at state-run oil companies, but despite easing pressure after lower crude prices, consumers may not see immediate relief

Iran fires drones at commercial ships in Hormuz after peace deal: Report

The firing took place after the signing of the US-Iran memorandum of understanding (MoU) on Sunday, and the drones were intercepted by the US military

Iran fires drones at commercial ships in Hormuz after peace deal: Report

The firing took place after the signing of the US-Iran memorandum of understanding (MoU) on Sunday, and the drones were intercepted by the US military

US to give $300 bn to Iran: Does Trump's deal mirror Obama's nuclear pact?

According to the memorandum, the US, with its regional partners, will provide at least $300 billion in reconstruction funds to Iran "for the rehabilitation and economic development."

India Market Strategy: PhillipCapital expects moderate FY27 returns

In event of an end to the West Asia war, equities seem to be favourably placed and macros should improve, says PhillipCapital in its India Strategy report.

Iran deal includes $300 bn fund, more than half of which already committed

Iran has attracted almost no significant foreign direct investment in the past four decades, frozen out of global capital markets by successive waves of US and international sanctions

Iran deal includes $300 bn fund, more than half of which already committed

Iran has attracted almost no significant foreign direct investment in the past four decades, frozen out of global capital markets by successive waves of US and international sanctions

Oil dips as investors weigh Iran war deal, Hormuz reopening uncertainty

Brent crude futures dipped 16 cents, ​or 0.2 per cent, to $78.80 a barrel by 0340 GMT, while US West Texas Intermediate fell 25 cents, or 0.3 per cent, ‌to $75.80 a barrel

Iran now has powers to shut Strait of Hormuz at will, warns US Intel report

Iran's ability to hurt the economy using the critical waterway can crop up again regardless of the framework agreement to be signed on Friday, the assessment revealed

Iran now has powers to shut Strait of Hormuz at will, warns US Intel report

Iran's ability to hurt the economy using the critical waterway can crop up again regardless of the framework agreement to be signed on Friday, the assessment revealed

US set to offer broad financial incentives to Iran in peace agreement

The two sides agreed to the deal on Sunday and plan to formally sign it on June 19 in Switzerland, clearing the way for 60 days of talks intended to end the war for good

US set to offer broad financial incentives to Iran in peace agreement

The two sides agreed to the deal on Sunday and plan to formally sign it on June 19 in Switzerland, clearing the way for 60 days of talks intended to end the war for good

What is inside the 14-point draft memorandum between the US and Iran

Draft US-Iran pact proposes sanctions relief, nuclear curbs and $300 bn aid

What is inside the 14-point draft memorandum between the US and Iran

Draft US-Iran pact proposes sanctions relief, nuclear curbs and $300 bn aid

Trump's push for Iran deal puts friendship with Netanyahu to test

Israeli Prime Minister Benjamin Netanyahu told President Donald Trump last year that he was the "greatest friend Israel ever had in the White House". Now, as Trump tries to finalise a deal to end the war with Iran, he's unloading on Netanyahu with rhetoric that no other American leader has dared to use publicly. He claimed credit for Israel's existence - "without me, there would be no Israel" - and cursed his judgment in interviews. He even described him as "crazy". Netanyahu's tenure as prime minister spans four US presidents, and he's frustrated all of them at one point or another. But none has voiced that as openly as Trump, who started the conflict in tandem with Netanyahu. The tension comes as Trump criticises recent Israeli attacks in Lebanon, which threatened to jeopardise negotiations between Washington and Tehran. Trump has been pushing for a deal as he faces political blowback at home, where the war is unpopular and has driven up gasoline prices. "If Netanyahu gets in ..

Trump's push for Iran deal puts friendship with Netanyahu to test

Israeli Prime Minister Benjamin Netanyahu told President Donald Trump last year that he was the "greatest friend Israel ever had in the White House". Now, as Trump tries to finalise a deal to end the war with Iran, he's unloading on Netanyahu with rhetoric that no other American leader has dared to use publicly. He claimed credit for Israel's existence - "without me, there would be no Israel" - and cursed his judgment in interviews. He even described him as "crazy". Netanyahu's tenure as prime minister spans four US presidents, and he's frustrated all of them at one point or another. But none has voiced that as openly as Trump, who started the conflict in tandem with Netanyahu. The tension comes as Trump criticises recent Israeli attacks in Lebanon, which threatened to jeopardise negotiations between Washington and Tehran. Trump has been pushing for a deal as he faces political blowback at home, where the war is unpopular and has driven up gasoline prices. "If Netanyahu gets in ..

Senate fails to advance war powers resolution on US action against Iran

The Senate tried and failed again Tuesday to advance a war powers resolution that would halt the US military action against Iran, in what has become an almost weekly effort to rein in President Donald Trump as the administration floats a new plan to bring an end to the nearly four-month long war. Senators of both parties have have been sceptical of the Trump administration's emerging Iran deal and frustrated by the White House's refusal to share details. They are expecting a briefing from the administration, but nothing has been scheduled before Friday's planned deadline for the two sides to sign the agreement. The vote was 47-48, with four Republicans joining most Democrats in supporting the war powers resolution. That fell short of the majority needed to advance it. "Join me in putting a check on this president's lawless warmongering," said Senator Raphael Warnock, who proposed the resolution, in a speech before the voting. "The time is always right to do what's right," he said.