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FORGOTTEN HISTORY: 24 - Caught on Camera

Oil Price Today (September 2): Crude oil nears $97 as war tensions escalate. Will it hit $100 again?

The United States said it carried out a series of airstrikes against targets in Iran overnight, drawing a response from Tehran in what was described as the most serious escalation in the conflict between the two countries in weeks.

The Economic Times

Watch: US strike hits wedding in Iran, leaving child among four dead

A US strike hit a home hosting a wedding ceremony in southern Iran, killing at least four people, including a child, and injuring around 50 others, Iranian officials said as hostilities between Washington and Tehran resumed.

The Times of India

Oil up nearly 1% as US and Iran trade fresh strikes

Brent crude futures rose 87 cents, or 0.92%, to $95.52 a barrel by 0008 GMT, while U.S. West Texas Intermediate crude futures climbed 80 cents, or ‌0.89%, to $91.02. Both contracts ⁠soared ⁠more than $4 on Tuesday, marking Brent's largest gain since July 24 and WTI's largest since July 23.

The Economic Times

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🔴 Live: Trump suggests renaming Hormuz 'Trump Strait'

President Donald Trump has suggested renaming the Strait of Hormuz as "Trump Strait," despite the fact that the crucial waterway remains contested amid the war with Iran.

France 24

Iran says it killed ‘large number’ of US forces in Jordan; America says no casualties

Iran on Wednesday claimed its attacks on US forces in Jordan killed a “large number” of American personnel, a claim Washington rejected by reporting no casualties. The Islamic Revolutionary Guards also said it struck US bases in Erbil with missiles and drones, while Bahrain said its air defences intercepted Iranian…

The Economic Times

Xi visits Egypt as China seeks deeper influence across the Mideast

China’s President Xi Jinping visits Egypt this week for the first time in a decade

The Independent UK

US and Iran exchange more airstrikes, fuelling fears of wider return to hostilities

Attacks on Iran’s Revolutionary Guard and reprisals against US bases in Middle East quash hopes that flare-up last weekend was limited in nature

The Guardian - US

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Global Market Today: Asian markets tumble as US-Iran fighting lifts oil and bond yields

MSCI's broadest index of Asia-Pacific shares outside Japan was down 0.8% in early trading as South Korea's KOSPI ‌dropped 3% on ⁠the ⁠open and Japan's Nikkei 225 sank 2.2%. S&P 500 e-mini futures were flat.

The Economic Times

Military denies Iran’s claims that it struck a US base in Jordan as strikes resume

IN FULL

The Independent UK

The Iran War's Defenders Are Losing the Plot

Robby Soave and Amber Duke break down the latest developments in the Iran war.

Reason

Missile alerts blare in Middle East as Iran retaliates for Trump’s latest strikes

IN FULL

The Independent UK

Gas prices this Labor Day expected to set a record as Trump’s war on Iran keeps costs high

Gas prices may reach as high as $4.03 a gallon over the holiday weekend, one expert warned

The Independent UK

Stocks Settle Lower as Bond Yields Surge

The S&P 500 Index ($SPX ) (SPY ) closed down by -0.71% on Tuesday, the Dow Jones Industrial Average ($DOWI ) (DIA ) closed down by -0.79%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) closed down by -1.29%. E-mini S&P futures (ESU26 ) fell -0.71%, and September E-mini...

Barchart

US stocks today: US stocks end lower as oil, yields raise September jitters

US stocks started September lower as rising oil prices and Treasury yields heightened inflation and rate concerns. Renewed U.S. strikes on Iranian targets pushed crude higher, while a global bond selloff lifted yields. Markets now price a 68.2% chance of a Fed hike this month.

The Economic Times

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International Business Times UK

Nearly 6 Million Afghans Pushed Across Borders as Pakistan and Iran Double Down on Deportations

Pakistan and Iran have deported over six million Afghans since late 2023, straining Afghanistan's resources. Returnees face poverty and Taliban restrictions, while international aid falls short.

International Business Times

Bond Yields Rose And U.S.-Iran War Escalated Again. Stocks Fell.

Iran retaliated to U.S. attacks, saying they seek to "tighten the lock" on the Strait of Hormuz.

The Economic Times

Iran warns US strikes will 'tighten the lock' on Strait of Hormuz

The Revolutionary Guard Corps of Iran issued a statement claiming that US military strikes would exacerbate conditions in the Strait of Hormuz. The US has verified its attacks on IRGC targets in Iran after a string of Iranian assaults on vessels and troops. In retaliation, Iran has initiated a military…

International Business Times UK

Putin and XI Declare Ties 'More Solid' as Trump Warns Moscow and Beijing Against Arming Iran

Putin and Xi reaffirm Russia-China ties at the SCO summit, amidst Trump's Iran warnings. Discussions focused on economic ties, with implications for global politics and the US-Iran conflict.

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Barchart

Crude Prices Surge on Escalation of US-Iran Hostilities

October WTI crude oil (CLV26 ) closed up +4.46 (+5.20%) on Tuesday, and October RBOB gasoline (RBV26 ) closed up +0.0581 (+1.89%). Crude oil and gasoline prices surged on Tuesday, with crude oil posting a 6-week high. Crude prices rallied sharply on escalation of hostilities between the US and Iran,...

Barchart

August’s Top Commodity Performers and Underperformers

August was a bullish month for commodities, with gains in most sectors except for animal proteins and lumber. Ongoing conflicts in Ukraine and the Middle East continue to affect commodity prices as markets head into fall.

The Economic Times

Trump says US gave Iran many chances, dismisses value of any deal: Report

During a Fox News interview on September 1st, President Donald Trump remarked that Iran has squandered multiple opportunities for a meaningful agreement. He stated that any potential deal with the Iranian government is unlikely to be trustworthy or reliable, highlighting his strong opposition to ongoing negotiations and indicating a decisive…

International Business Times

U.S. Strikes Iran Again In The Strait Of Hormuz. Tehran Vows 'Harsh Punishment.'

"Harsh punishment awaits the aggressors. The United States will regret its new attacks," an IRGC spokesman said.

France 24

US and Iran trade fire as hostilities flare again

The US military hit targets in Iran on Tuesday as Tehran reponded with retaliatory strikes as hostilities between the two countries flared once again in an intermittent war that has lasted more than six months. One US strike hit a home hosting a wedding, killing four people and wounding dozens,…

Euronews

US launches new strikes in southern Iran, Tehran responds with attacks across region

The US military launched new waves of strikes on military installations along Iran's southern coast. Tehran responded immediately with missile and drone attacks in Jordan, Bahrain and Kuwait, sparking a new flare-up of hostilities and threats from both sides.

The Independent UK

Trump launches new military strikes against Iran along Strait of Hormuz

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