Brent crosses the $100 mark as attacks on shipping near the Strait of Hormuz intensify, raising concerns over deeper disruptions to global oil supplies
Brent crosses the $100 mark as attacks on shipping near the Strait of Hormuz intensify, raising concerns over deeper disruptions to global oil supplies
Sensex Today | Stock Market Highlights, Wednesday: In the broader markets, the Nifty MidCap and the Nifty SmallCap ended 0.51 per cent and 0.48 per cent lower, respectively.
The latest escalation comes as the US and Iran exchange strikes, with Washington targeting Iranian oil tankers and Tehran retaliating against US forces stationed in Jordan
The US military has destroyed five Iranian crude oil tankers following attacks on a US warship by Iran's Revolutionary Guard, US Central Command said in a social media post on Tuesday. The US strikes were in response to two Iranian efforts to hit the warship with ballistic missiles over the past two days, the statement added. Iranian state television also reported the strikes, saying US forces attacked at least three Iranian oil tankers near the southern port of Jask and near Kharg Island in the Persian Gulf. It said the crews were evacuated. The latest tit-for-tat strikes come as Washington and Tehran lurch back toward fighting during more than six months of war. Secretary of State Marco Rubio said the US will not allow Iran's attacks to go unanswered. "Iran continues to try to hit US naval ships. And for every time they do that or try to do that, they're going to lose tankers. And I think you'll see that again today," Rubio told reporters on Tuesday when asked about the latest .
The US military has destroyed five Iranian crude oil tankers following attacks on a US warship by Iran's Revolutionary Guard, US Central Command said in a social media post on Tuesday. The US strikes were in response to two Iranian efforts to hit the warship with ballistic missiles over the past two days, the statement added. Iranian state television also reported the strikes, saying US forces attacked at least three Iranian oil tankers near the southern port of Jask and near Kharg Island in the Persian Gulf. It said the crews were evacuated. The latest tit-for-tat strikes come as Washington and Tehran lurch back toward fighting during more than six months of war. Secretary of State Marco Rubio said the US will not allow Iran's attacks to go unanswered. "Iran continues to try to hit US naval ships. And for every time they do that or try to do that, they're going to lose tankers. And I think you'll see that again today," Rubio told reporters on Tuesday when asked about the latest .
Sensex Today | Stock Market Highlights, Tuesday: In the broader markets, the Nifty MidCap and the Nifty SmallCap rose 0.21 per cent and 0.17 per cent, respectively
Iran early Tuesday introduced a higher price for its heaviest users of gasoline, state media reported, in the latest economic pinch caused by months of war. It's the second such hike since December. Such gas price increases can be sensitive and contribute to inflation. An increase in 2019 sparked nationwide protests and a crackdown that reportedly killed more than 300 people. Without specifically mentioning the war with the United States, the government's announcement cited the "current situation", adding that the extra money from the price increase will be given to households. Under the new system, people buying more than their quota of 110 litres (29 gallons) of gasoline a month now must pay 100,000 rials (about 7 cents) per litre, or twice as much as they have been paying since December. Iran still has some of the world's lowest gasoline prices, but the price increase adds to daily pressures for many of the country's more than 90 million people. Already, the currency has been .
In a post on his Truth Social platform, Trump linked high energy costs directly to ongoing military operations in the West Asia, asserting that post-war markets would stabilise rapidly
In a post on his Truth Social platform, Trump linked high energy costs directly to ongoing military operations in the West Asia, asserting that post-war markets would stabilise rapidly
Rising crude prices are squeezing fuel marketing margins and could widen India's oil import bill, while attacks in West Asia raise concerns over supplies through the Strait of Hormuz
Iran has tightened restrictions on shipping through the Strait of Hormuz, a critical artery for global oil and gas supplies, since the war began with U.S. and Israeli strikes on February 28.
Iran has tightened restrictions on shipping through the Strait of Hormuz, a critical artery for global oil and gas supplies, since the war began with U.S. and Israeli strikes on February 28.
Iran said Sunday it struck an unmanned US vessel trying to enter the Strait of Hormuz, a claim that the US military dismissed as a "total lie." The purported attack came a day after the US military said forces struck three Iranian oil tankers in response to Navy warships being targeted with ballistic missiles. Experts called it a dangerous escalation after Iran's previous attacks at sea targeted commercial shipping. The war began with US and Israeli attacks on Iran on February 28. But since a fragile ceasefire agreement was announced in June, on-and-off fighting has persisted, with both sides trying to inflict military and economic pain as negotiations have collapsed. Strikes came about a week after fighting resumed ------------------------------------------------------- The United States and Iran resumed attacks last week, following a month of relative calm, with the Strait of Hormuz and areas along Iran's southern coast again being targeted. At least five people were killed ear
Iran said Sunday it struck an unmanned US vessel trying to enter the Strait of Hormuz, a claim that the US military dismissed as a "total lie." The purported attack came a day after the US military said forces struck three Iranian oil tankers in response to Navy warships being targeted with ballistic missiles. Experts called it a dangerous escalation after Iran's previous attacks at sea targeted commercial shipping. The war began with US and Israeli attacks on Iran on February 28. But since a fragile ceasefire agreement was announced in June, on-and-off fighting has persisted, with both sides trying to inflict military and economic pain as negotiations have collapsed. Strikes came about a week after fighting resumed ------------------------------------------------------- The United States and Iran resumed attacks last week, following a month of relative calm, with the Strait of Hormuz and areas along Iran's southern coast again being targeted. At least five people were killed ear
The new head of Iran's Supreme National Security Council on Sunday said Tehran plans to announce an "exclusion zone" outside the Strait of Hormuz aimed at vessels it believes are attempting to transit the waterway. Mohsen Rezaei's comments to Iran's state broadcaster came with few details, a day after the US struck three Iranian oil tankers in response to Tehran launching ballistic missiles at US warships. Experts called the launches a dangerous escalation after Iran's previous attacks at sea targeted commercial shipping. The new zone should be announced in the coming days and weeks and "will begin from the line of the US naval blockade, extend toward the Strait of Hormuz, and from this side continue into the Persian Gulf," Rezaei said. "Any ship that enters this area with the intention of passing through the Strait of Hormuz and is identified will be placed on our sanctions list." It is not clear where Iran defines the location of the weekslong US blockade, which is aimed at Irani
The new head of Iran's Supreme National Security Council on Sunday said Tehran plans to announce an "exclusion zone" outside the Strait of Hormuz aimed at vessels it believes are attempting to transit the waterway. Mohsen Rezaei's comments to Iran's state broadcaster came with few details, a day after the US struck three Iranian oil tankers in response to Tehran launching ballistic missiles at US warships. Experts called the launches a dangerous escalation after Iran's previous attacks at sea targeted commercial shipping. The new zone should be announced in the coming days and weeks and "will begin from the line of the US naval blockade, extend toward the Strait of Hormuz, and from this side continue into the Persian Gulf," Rezaei said. "Any ship that enters this area with the intention of passing through the Strait of Hormuz and is identified will be placed on our sanctions list." It is not clear where Iran defines the location of the weekslong US blockade, which is aimed at Irani
The exchange of attacks followed an escalation in the past week that threatens to deepen a conflict that has continued since the US and Israel launched strikes on Iran in February
The exchange of attacks followed an escalation in the past week that threatens to deepen a conflict that has continued since the US and Israel launched strikes on Iran in February
Iran on Saturday accused the US of attacking an Iranian tanker near Kharg Island in the Persian Gulf. The US did not immediately comment, but a new strike would raise the risk of sparking a new round of Iranian attacks on US allies and interests in the region. Here's a look at the latest news in the Middle East. Full coverage can be found here. Iran accuses the US of striking its oil tanker -------------------------------------------------- The Islamic Republic of Iran Broadcasting said Saturday that four US missiles struck a tanker about six miles (10 km) from Kharg Island. It said the crew was being evacuated and there were no casualties. The report did not provide evidence and did not include comment from Iranian officials. US Central Command did not immediately respond to a request for comment. Kharg Island is Iran's main oil export terminal and a strategically important hub for the country's crude shipments. It has been repeatedly targeted during the US-Iran conflict, includ