Page 29 - Us-iran Tensions

Iran says it struck US-linked targets in response to American attacks

Iran ​did not identify the targets ​or say where ‌they were located

Iran says it struck US-linked targets in response to American attacks

Iran ​did not identify the targets ​or say where ‌they were located

US strikes Iran after drone attack on cargo ship in Strait of Hormuz

The US struck Iran on Friday in response to a drone attack a day earlier on a cargo ship in the Strait of Hormuz. It's the most significant test yet to an interim understanding reached a week ago by the two countries to begin working to end their months-long war and reopen the pivotal waterway. US President Donald Trump said the drone attack violated the ceasefire. The strikes came shortly after Trump told reporters, "You'll find out," whether the US would respond. US Central Command said the military struck missile and drone locations and coastal radar sites in Iran. "I don't like the fact that they took a shot yesterday, actually four of them," Trump said at the White House shortly before the US struck back. When asked why there would be strikes when Trump has insisted talks with Tehran are going well, Trump said of Iran, "They're a little bit different." He then abruptly cut off questions and reporters were ushered out of his office. Ebrahim Azizi, who heads the Iranian ...

US strikes Iran after drone attack on cargo ship in Strait of Hormuz

The US struck Iran on Friday in response to a drone attack a day earlier on a cargo ship in the Strait of Hormuz. It's the most significant test yet to an interim understanding reached a week ago by the two countries to begin working to end their months-long war and reopen the pivotal waterway. US President Donald Trump said the drone attack violated the ceasefire. The strikes came shortly after Trump told reporters, "You'll find out," whether the US would respond. US Central Command said the military struck missile and drone locations and coastal radar sites in Iran. "I don't like the fact that they took a shot yesterday, actually four of them," Trump said at the White House shortly before the US struck back. When asked why there would be strikes when Trump has insisted talks with Tehran are going well, Trump said of Iran, "They're a little bit different." He then abruptly cut off questions and reporters were ushered out of his office. Ebrahim Azizi, who heads the Iranian ...

Donald Trump says Iran attacks on ships 'a foolish violation' of ceasefire

US President says Iran launched four one-way attack drones at ships transiting the Strait of Hormuz, with one striking the upper deck of a cargo vessel

India Inc profit hit from West Asia crisis to halve if truce holds: Crisil

The profitability impact of the recent West Asia conflict on corporate India is likely to be about half as severe as initially feared if the US-Iran ceasefire holds and energy supplies continue to normalise, Crisil Ratings said. The ratings agency said it now expects the conflict to shave around 100 basis points off India Inc's operating margins in fiscal 2027, compared with its earlier estimate of a 200-basis-point hit under a prolonged conflict scenario that included disruption to shipping through the Strait of Hormuz. The revised outlook follows a sharp correction in crude oil prices after the reopening of the Strait of Hormuz under a fragile US-Iran memorandum of understanding, although Crisil cautioned that geopolitical risks remain elevated and gas supplies could take longer to normalise. "If the armistice sustains, two-thirds of the 34 sectors (we assessed) will see minimal disruption, with margin recovery in the second half mostly offsetting pressures of the first half," sai

Strait of Hormuz reopens, but Iran wants to control shipping routes

Ships are moving through the Strait of Hormuz again, yet Iran's opposition to UN-backed routes shows the conflict has shifted to control over maritime access

US Secretary of State Marco Rubio ends Gulf tour as allies share Iran woes

Marco Rubio sought to reassure Gulf allies that any US-Iran agreement would protect regional security and preserve free navigation through the Strait of Hormuz

Govt relaxes LPG distribution curbs for industrial users as Hormuz reopens

The Centre has restored non-domestic LPG supplies to pre-conflict levels and partially resumed bulk LPG allocations as energy supplies improve following the reopening of the Strait of Hormuz

Iran to accept oil payments in any currency: What it could mean for India

Iran's central bank said oil export payments are not limited to the US dollar, highlighting greater flexibility as negotiations with Washington move forward

Hormuz reopening quickly floods oil markets with supply, weighing on prices

An increase in crude shipments from the Persian Gulf, combined with weak Chinese demand and inventory releases, is putting downward pressure on oil prices worldwide

US would reject Iran deal with shipping tolls on Hormuz: Trump warns Tehran

Iran sought to claim control of the strait after US and Israel launched strikes, denying passage to ships that hadn't been pre-authorised and effectively shutting down the waterway

US would reject Iran deal with shipping tolls on Hormuz: Trump warns Tehran

Iran sought to claim control of the strait after US and Israel launched strikes, denying passage to ships that hadn't been pre-authorised and effectively shutting down the waterway

White House seeks $87.6 bn for Iran war, farmers' aid and Ebola response

The White House has formally requested USD 87.6 billion mostly to replenish the Pentagon after the US war against Iran, submitting the request to Congress at a politically difficult time as a majority of lawmakers have objected to any further military action. The Office of Management and Budget sent the supplemental spending request Wednesday. It arrived just hours after President Donald Trump assailed Republican senators during a private lunch -- engaging in a shouting match with one -- over their votes to approve a war powers resolution that would halt further hostilities. The request is mostly for Operation Epic Fury, but it also includes a range of other items including aid to American farmers, help for the Ebola crisis in Africa and other needs closer to home, including restoration projects in Washington, D.C. "I urge the Congress to take action on these important and urgent requests as soon as possible," said OMB Director Russ Vought in a letter to House Speaker Mike ...

Oil prices fall towards pre-war levels as tankers exit Strait of Hormuz

Brent crude futures for August delivery fell 40 cents, or 0.54 per cent, ‌to $73.34 a barrel as of 0004 GMT, while US West Texas Intermediate fell 27 cents, or 0.38 per cent, to $70.07 a barrel

US President Donald Trump says Iran is making very big concessions

U.S. President Donald Trump said Iran is making "very big concessions", adding that developments remain uncertain

Nuclear site inspections possible only after final US-Iran deal: Iran

An Iranian diplomat rejected comments on Wednesday by the head of the International Atomic Energy Agency, saying nuclear site inspections would only be possible after a final US-Iran deal. Kazem Gharibabadi, a deputy foreign minister, made the comment on X. He was reacting to remarks earlier in the day by Rafael Mariano Grossi in Japan. "No meeting was held with Grossi in Switzerland, despite his request. Nor is there any plan for access to the facilities that were attacked or to nuclear material," Gharibabadi wrote. "These issues will be reviewed and decided only within the framework of a final agreement and as a result of practical action by the other side to end all sanctions and other measures." He added: "You cannot advance the stir up and take over' policy with media hype.

IAEA chief signals that inspectors will visit Iran's nuclear sites

The head of the UN's nuclear agency on Wednesday signalled that Iranian nuclear enrichment sites would be visited by his inspectors, a key component in the interim deal between the United States and Iran to reach an end to the war. International Atomic Energy Agency (IAEA) head Rafael Mariano Grossi made the comments in Tokyo. "Whether this happens the day after tomorrow or in one week or in 10 days, it's important, but not essential," Grossi told journalists. "This is going to happen." On Tuesday, Iran and the US disputed whether or not bombed enrichment sites would be inspected. That's key for the deal, which calls for Iran's stockpile of uranium to be "downblended" from highly enriched levels.

Iranian President Pezeshkian invites PM Modi to Ali Khamenei's funeral

Iranian President Masoud Pezeshkian is learnt to have invited Prime Minister Narendra Modi to the burial ceremonies for the late Supreme Leader Ayatollah Ali Khamenei, diplomatic sources said on Wednesday. The funeral ceremonies will be held from July 5 to 9. There is no confirmation from New Delhi on the invitation to PM Modi. Khamenei, who ruled Iran for three decades, was killed on February 28, the first day of massive US and Israeli air strikes on Tehran. The Indian prime minister has been invited by President Pezeshkian to the burial ceremonies, the diplomatic sources said. The funeral is slated to be held in Tehran and Qom on July 5, 6, and 7. The final ceremony will take place in the city of Mashhad on July 9.

Iranian President Pezeshkian invites PM Modi to Ali Khamenei's funeral

Iranian President Masoud Pezeshkian is learnt to have invited Prime Minister Narendra Modi to the burial ceremonies for the late Supreme Leader Ayatollah Ali Khamenei, diplomatic sources said on Wednesday. The funeral ceremonies will be held from July 5 to 9. There is no confirmation from New Delhi on the invitation to PM Modi. Khamenei, who ruled Iran for three decades, was killed on February 28, the first day of massive US and Israeli air strikes on Tehran. The Indian prime minister has been invited by President Pezeshkian to the burial ceremonies, the diplomatic sources said. The funeral is slated to be held in Tehran and Qom on July 5, 6, and 7. The final ceremony will take place in the city of Mashhad on July 9.