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REVEALED: 158 | Rare Historical Photos

Trump’s inflation problem isn’t over as Iran tensions drive up oil prices

Inflation likely cooled last month as gas prices declined, providing consumers with some welcome relief even as renewed combat with Iran has sent oil prices climbing again

The Independent UK

Iran's tankers take secret route through Hormuz to dodge US sanctions

Iran secretly moved oil tankers through the Strait of Hormuz before US threats. US strikes followed an Iranian attack on a Cyprus-flagged container ship. Iran retaliated against US allies, striking UAE oil tankers and killing an Indian sailor. The US announced a reinstated naval blockade of Iranian ports and coastal…

The Economic Times

Sensex falls 500 points, Nifty slips below 24,100 as US-Iran conflict escalates. What lies ahead?

Indian stock markets edged lower on Tuesday, with major indices Sensex and Nifty falling. Escalating Middle East tensions contributed to rising oil prices, impacting investor sentiment negatively. Several prominent companies like HCL Technologies and Bajaj Finance saw significant share price drops. While some sectors like IT and Metal showed marginal…

The Economic Times

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Rupee's fall past 96/USD erases rally spurred by dollar inflow measures

The rupee weakened past 96 against the dollar on Tuesday. This decline occurred as oil prices saw a sharp increase this week. Tensions in the Middle East deepened, leading to fresh strikes between the US and Iran. Indian equities also faced pressure, with the Nifty 50 index experiencing losses. The…

The Economic Times

US Fifth Fleet targeted in Bahrain, says Iran, in latest exchange of strikes – as it happened

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The Guardian - AU

'Responsibility to protect Americans': Trump tells US Congress fighting with Iran has resumed

US President Trump has updated Congress on the recommencement of military action against Iran, marking the beginning of a new sixty-day operational phase for US forces. This escalation follows reported attacks on commercial shipping, attributed to Iran's supposed violation of a ceasefire. In response, the US has carried out several…

The Times of India

US launches strikes on Iran for third straight night as Trump says deal still 'possible'

Following the latest US strikes, the UAE said Iran attacked two ships in the Strait of Hormuz with missiles, as Iran said it carried out strikes on Bahrain.

Euronews

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Saudi Crown Prince sought US support before launching strikes on Houthi targets in Yemen, Trump backed action: Report

US President Trump backed Saudi Crown Prince's request for military action. Riyadh initiated operations against Iran-backed Houthi targets in Yemen. This move followed concerns over Houthi operations and a contested Iranian flight. Saudi forces targeted Sanaa airport after an Iranian aircraft landed there. Houthis retaliated with strikes on Saudi Arabia's…

The Economic Times

Iran's IRGC claims to shoot down US MQ-1 drone over Strait of Hormuz

Iran's IRGC claimed to shoot down a US MQ-1 drone over the Strait of Hormuz amid escalating tensions. This follows US President Donald Trump announcing a naval blockade against Iran and launching extensive military strikes, which US forces claim have severely degraded Tehran's military infrastructure and drone capabilities.

The Economic Times

India’s youngest airline Akasa Air seeks funds as Iran war drives up costs

Akasa Air is raising funds through equity and debt to navigate industry challenges. The airline seeks eight billion rupees from investors and two point five billion rupees in loans. Existing owners will contribute five billion rupees to the equity portion. Despite headwinds, Akasa has expanded its operations locally. The company…

The Economic Times

Yemen on high alert after strike blocks Iran flight

Yemen's government has heightened military readiness following an airport incident. The Houthis reportedly disabled the runway to prevent an unauthorized Iranian flight. Yemen's president accused the Houthis of undermining peace and stability efforts. Regional allies attempted mediation, but the Houthis rejected alternative flight solutions. The UN envoy urged all parties…

The Economic Times

Middle East crisis: Indian killed, sirens blare across Gulf states as US-Iran trade strikes - top developments

In a significant escalation, two Emirati oil tankers were hit by Iranian cruise missiles in the Strait of Hormuz. Tragically, one Indian national lost their life, while eight crew members suffered injuries during the assault. Calling this act unacceptable, the United Arab Emirates pledged a robust response. Iran defended its…

The Times of India

Oil Price Today (July 14): Crude oil hits one-month high at $85 as US-Iran war tensions simmer. Will it cross $100?

Brent crude futures gained $1.68, or 2%, to $84.98 a barrel, while U.S. West Texas Intermediate (WTI) crude rose $1.65, or 2.1%, to $79.79 a barrel. On Monday, Brent had surged 9.6%, marking its biggest single-day jump since May 2020. Crude prices are now at their highest levels since the…

The Economic Times

'20% is too much, we'll be fair': Iran mocks Trump's 'guardian of Hormuz' claim over transit fee

Iranian foreign minister Seyed Abbas Araghchi on late Monday mocked US President Donald Trump over his proposal to charge a 20% fee on cargo transiting the Strait of Hormuz, asserting that Iran, not the US, is the true "guardian" of the strategic waterway.

The Times of India

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The Economic Times

Gold drops to 2-week low as oil surge drives inflation, rate-hike fears

Gold prices declined to a two-week low on Tuesday. Oil prices surged due to the U.S.-Iran conflict in the Gulf. Federal Reserve Governor Christopher Waller's hawkish remarks fueled interest rate hike bets. Investors await U.S. CPI data for inflation and Fed policy clues. European Union sanctions targeted Sudan's gold trade…

Benzinga

Trump Tells Congress Iran War Has Resumed, Launches Fresh US Strikes; Brent Oil Tops $85 as Dow Futures Fall 143 Points

President Donald Trump formally notified Congress that hostilities with Iran resumed earlier this month as U.S. forces carried out another round of strikes, sending oil prices higher and weighing on global markets.

The Economic Times

Iraq PM to meet Trump in Washington under pressure over Iran ties

Iraqi Prime Minister Ali al-Zaidi will meet US President Donald Trump in Washington on Tuesday, as the US administration piles pressure on Baghdad to curb Iranian influence. Washington had suspended the payments earlier this year as it pressured Baghdad to disarm the pro-Iran armed groups.

The Economic Times

Oil climbs to one-month high as US, Iran step up attacks in Strait of Hormuz

Oil prices climbed to a four-week high on Tuesday. The United States reinstated its naval blockade of Iran. Two United Arab Emirates tankers were struck by Iranian missiles. The United States conducted strikes against Iran for a third night. Houthi rebels fired missiles at Saudi Arabia after accusing them.

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The Independent UK

Trump says US launching fresh round of ‘very heavy’ strikes on Iran

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The Economic Times

Trump sends Congress formal notice that Iran conflict has resumed

President Trump notified Congress of renewed hostilities against Iran starting July seventh. This action begins a new sixty-day period for military use without approval. The administration claims Iran violated an agreement by attacking commercial vessels. The United States is reinstating its blockade of Iranian shipping in the Gulf. Congress previously…

The Economic Times

Global Market Today: Asian shares trade mixed; Brent climbs past $85

Oil prices climbed amid escalating US-Iran tensions and concerns over supply disruptions. Treasury yields rose as traders considered potential interest rate hikes by the Federal Reserve. Asian shares showed mixed performance, influenced by a tech stock sell-off. Investors now await US inflation data and Fed Chair Warsh's testimony. These events…

The Economic Times

'Hormuz blockade only for Iran and anybody doing business with them': Trump

In a bold move, US forces are set to re-establish a naval blockade in the vital Strait of Hormuz, specifically aimed at Iranian operations. This initiative is designed to significantly diminish Iran's military power and secure the essential shipping route. Current military engagements from the US have already dealt a…

The Economic Times

'20% too much, Iran will be fair': Iranian FM Araghchi takes dig at Trump over Hormuz "guardian" remark

In an amusing retort, Iran's foreign minister dismissed President Trump’s suggestion of charging fees for Strait of Hormuz security, claiming that Iran exclusively oversees this essential maritime route. Trump had previously indicated a twenty percent charge, but Iran strongly warned against US meddling, with both nations standing firm in their…

The Economic Times

Iran's military 'demolished', being hit 'very hard': Trump

United States President Donald Trump announced intensified strikes against Iran. He stated the US is blockading maritime traffic entering and exiting Iranian ports. These actions aim to impose a heavy cost on Iranian forces. Iran issued a stern warning against US intervention in Hormuz Strait management. President Trump will address…

The Economic Times

U.S. military renews strikes on Iran while tankers come under attack in Strait of Hormuz

US forces conducted strikes against Iran for a third night. Two tankers faced attacks in the Strait of Hormuz while transiting. President Trump declared a blockade and vowed to guard the vital waterway. Iran responded by targeting US facilities and equipment in the region. Oil prices surged significantly following these…

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