Page 27 - Us Iran Tensions

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.

Thaw in West Asia: Marine insurance rates ease, market awaits durable peace

Industry executives expect war-risk insurance rates to soften further if the US-Iran agreement leads to sustained reopening of the Strait of Hormuz and lower regional tensions

'Iran agrees to never have nuclear weapons', says Trump after signing MoU

In a post on Truth Social, Trump reiterated his administration's position that the agreement with Iran would ensure that Tehran does not develop nuclear weapons

'Iran agrees to never have nuclear weapons', says Trump after signing MoU

In a post on Truth Social, Trump reiterated his administration's position that the agreement with Iran would ensure that Tehran does not develop nuclear weapons

Strait of Hormuz traffic recovery may be slow, say industry experts

The US-Iran agreement has eased oil market fears, but experts warn it could take months for Strait of Hormuz shipping to fully normalise

Strait of Hormuz traffic recovery may be slow, say industry experts

The US-Iran agreement has eased oil market fears, but experts warn it could take months for Strait of Hormuz shipping to fully normalise

India must use West Asia respite to pursue overdue policy reforms

An end to the West Asia conflict augurs well for India, but it should not lull the government into policy inaction

Trump to send agreement aimed at ending Iran war to Congress for review

US President Donald Trump on Tuesday said he's open to sending the emerging peace agreement with Iran to the American Congress for review. Speaking on the sidelines of the Group of Seven summit in the French Alps, Trump said, "I like the idea, send it to Congress, please." He added, "I mean, who wouldn't approve it?" Republicans on Capitol Hill say they want Trump to provide more information about the agreement, with some expressing scepticism that the deal can deter Iran from pursuing a nuclear weapon.

Trump to send agreement aimed at ending Iran war to Congress for review

US President Donald Trump on Tuesday said he's open to sending the emerging peace agreement with Iran to the American Congress for review. Speaking on the sidelines of the Group of Seven summit in the French Alps, Trump said, "I like the idea, send it to Congress, please." He added, "I mean, who wouldn't approve it?" Republicans on Capitol Hill say they want Trump to provide more information about the agreement, with some expressing scepticism that the deal can deter Iran from pursuing a nuclear weapon.

US-Iran deal promises end to war but how it will work still unclear

US President Donald Trump said on Monday a preliminary agreement to end the conflict had been signed by the US and Iran, although details have yet to be made public

US-Iran deal promises end to war but how it will work still unclear

US President Donald Trump said on Monday a preliminary agreement to end the conflict had been signed by the US and Iran, although details have yet to be made public

End of war includes end of Israel's occupation of Lebanon: Iran foreign min

Iran's top diplomat said Tuesday that the deal ending the war with the United States would also require Israel to withdraw from Lebanon, raising questions about the still-unpublished agreement and whether disagreement over its terms could prolong conflict. Foreign Minister Abbas Araghchi told diplomats from other countries that Israel's continued occupation of southern Lebanon would violate the memorandum of understanding reached between the United States and Iran, in comments aired on Iranian state television. "The end of the war in Lebanon is an inseparable part of the complete end of the war," Araghchi said. "Without the withdrawal of Israeli forces from the territories they occupied during this war, the war has not fully come to an end." Araghchi said further Israeli attacks on Lebanon "will be considered by us a violation of the Memorandum of Understanding." The United States has not said whether Lebanon was part of the final agreement. But Araghchi's description clashes with

End of war includes end of Israel's occupation of Lebanon: Iran foreign min

Iran's top diplomat said Tuesday that the deal ending the war with the United States would also require Israel to withdraw from Lebanon, raising questions about the still-unpublished agreement and whether disagreement over its terms could prolong conflict. Foreign Minister Abbas Araghchi told diplomats from other countries that Israel's continued occupation of southern Lebanon would violate the memorandum of understanding reached between the United States and Iran, in comments aired on Iranian state television. "The end of the war in Lebanon is an inseparable part of the complete end of the war," Araghchi said. "Without the withdrawal of Israeli forces from the territories they occupied during this war, the war has not fully come to an end." Araghchi said further Israeli attacks on Lebanon "will be considered by us a violation of the Memorandum of Understanding." The United States has not said whether Lebanon was part of the final agreement. But Araghchi's description clashes with

Stock Market Close: Sensex gains 544 pts, Nifty50 ends at 23,989; realty, consumer durables shine

Sensex Today | Stock Market Highlights, Tuesday: In the broader markets, the Nifty MidCap and the Nifty SmallCap ended 0.41 per cent and 0.42 per cent higher, respectively

Higher prices for gas, groceries and flights to outlast Iran war: Experts

A tentative deal to end the Iran war makes it reasonable to ask how soon prices will drop for gasoline, groceries, airline tickets and other items that got more expensive during the conflict. Not so fast, experts say. Even after oil starts flowing again from the Middle East, it could take a while for consumers to see a difference at local fuel pumps, supermarkets and other places they shop, according to economists and industry analysts. Fighting over the Strait of Hormuz disrupted not only supplies of crude and refined fuel but also the supply chains for fertiliser, food and even footwear. Businesses expect higher costs to linger, which means their customers might need to prepare for that too. "It is not clear, despite three months of war, that anything has been achieved that makes the American consumer better off," Brett House, an economist who teaches at Columbia Business School, said. "In fact, by almost any measure, not just the American consumer, but the world, is worse off as

Higher prices for gas, groceries and flights to outlast Iran war: Experts

A tentative deal to end the Iran war makes it reasonable to ask how soon prices will drop for gasoline, groceries, airline tickets and other items that got more expensive during the conflict. Not so fast, experts say. Even after oil starts flowing again from the Middle East, it could take a while for consumers to see a difference at local fuel pumps, supermarkets and other places they shop, according to economists and industry analysts. Fighting over the Strait of Hormuz disrupted not only supplies of crude and refined fuel but also the supply chains for fertiliser, food and even footwear. Businesses expect higher costs to linger, which means their customers might need to prepare for that too. "It is not clear, despite three months of war, that anything has been achieved that makes the American consumer better off," Brett House, an economist who teaches at Columbia Business School, said. "In fact, by almost any measure, not just the American consumer, but the world, is worse off as

Deal done, but don't count on cheap Oil yet; cautions Mirae Asset Sharekhan

Shipping data firm Kpler estimates that daily transits may rise to around 40 vessels within the first month - less than half the pre-war average of 100, says Mohammed Imran, of Mirae Asset Sharekhan.

Iran war is 'wake-up call' for Southeast Asia's energy sector, says report

The war in Iran has exposed major risks for Southeast Asia that could cost the region many billions of dollars if it does not diversify sources of energy more quickly, according to an International Energy Agency report released Tuesday. An overreliance on oil and gas transported through the Strait of Hormuz left the region particularly vulnerable to shocks from the Iran war, a "stark wake-up call" for its energy security, the report says. It notes that rising sales of electric vehicles, a renewed interest in nuclear power and a boom in rooftop solar and other renewable energy installations show the war is spurring change. But more sweeping reforms are needed. Otherwise, Southeast Asia's energy import bill could rise to $245 billion by 2035, tripling from $80 billion in 2024, the report warns. "Diversification of energy sources and supply routes is now a central priority," said Fatih Birol, the IEA executive director. Iran war exposes Southeast Asia's energy ...

Iran war is 'wake-up call' for Southeast Asia's energy sector, says report

The war in Iran has exposed major risks for Southeast Asia that could cost the region many billions of dollars if it does not diversify sources of energy more quickly, according to an International Energy Agency report released Tuesday. An overreliance on oil and gas transported through the Strait of Hormuz left the region particularly vulnerable to shocks from the Iran war, a "stark wake-up call" for its energy security, the report says. It notes that rising sales of electric vehicles, a renewed interest in nuclear power and a boom in rooftop solar and other renewable energy installations show the war is spurring change. But more sweeping reforms are needed. Otherwise, Southeast Asia's energy import bill could rise to $245 billion by 2035, tripling from $80 billion in 2024, the report warns. "Diversification of energy sources and supply routes is now a central priority," said Fatih Birol, the IEA executive director. Iran war exposes Southeast Asia's energy ...

Oil prices fall as markets weigh return of supply, US-Iran peace deal

On Monday, oil prices fell nearly 5 per cent to their lowest close since March 4, after US President Donald Trump said a memorandum of understanding was signed to end the US-Israeli war with Iran