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INSANE: 37 | Rare Historical Photos

Asian shares mostly rise as oil prices fall and hope grows for AI

Asian shares are mostly higher as investors keep an eye on the ongoing talks over reopening the Strait of Hormuz, which remains largely shut down because of the war in Iran

The Independent UK

Sensex rises over 300 points; Nifty above 24,350 as oil prices slide. What lies ahead?

On Wednesday, Indian stock markets rallied, buoyed by a decrease in oil prices and renewed optimism surrounding the reopening of the Strait of Hormuz, following a resumption of talks with Iran. Both the Sensex and Nifty indices showed positive momentum, with broader market metrics also trending upward, reflecting a hopeful…

The Economic Times

Iran and Oman discuss temporary corridor in Strait or Hormuz

Iran and Oman held talks in Tehran to discuss the management of traffic passing through the Strait of Hormuz, as well as a joint mine-clearing project. Further negotiations are expected to discuss a permanent solution.

Euronews

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Four India-based companies engulfed in Trump's economic offensive against Iran

The United States has sanctioned four Indian companies and three individuals for facilitating Iran trade. These actions place Indian businesses dealing with Tehran under increased scrutiny. Washington aims to sever economic lifelines sustaining the Iranian regime through "Operation Economic Outcast". India maintains limited but strategically important economic ties with Iran,…

The Economic Times

‘Muslim countries should unite’: Iranian President Pezeshkian seeks regional alliance, US exit

Iranian President Masoud Pezeshkian urged Muslim nations to strengthen regional security and stability. He emphasized expanding cultural, commercial, and political ties among Islamic states. Iraqi officials praised Iran's role in combating terrorism and sought economic cooperation. Both nations discussed enhancing bilateral relations and security cooperation. Iraq reiterated its commitment to…

The Economic Times

Trump's new economic squeeze on Iran has a big challenge: China

The United States is imposing economic sanctions on Iran's financial networks globally. China, Iran's largest trading partner, presents a significant challenge to this strategy. President Trump plans to host Chinese leader Xi Jinping soon, impacting policy decisions. Beijing states its cooperation with Iran adheres to international law and will be…

The Economic Times

Oil Price Today (August 26): Crude oil tanks 6% in two days to hover near $85. What’s behind the decline?

Brent crude futures were down $2.35, or 2.65%, at $86 a barrel, while U.S. West Texas Intermediate crude futures fell $1.94, or 2.36%, to $80.42. Both benchmarks had declined more than 3% on Tuesday.

The Economic Times

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'Not open tomorrow': Iran FM Gharibabadi says temporary Oman route isn't Strait of Hormuz reopening

Speaking in a television programme on Tuesday night, Gharibabadi said the understanding reached with Oman should not be interpreted as the reopening of the strait.

The Economic Times

US starts returning staff to Middle East missions after Iran war evacuations: Sources

United States personnel are returning to some Middle East diplomatic missions after tensions eased. Staff will go back to posts in Lebanon, Israel, and Saudi Arabia. Family members can also return to the U.S. post in Riyadh, Saudi Arabia. This move suggests a lower risk of conflict escalation with Iran…

The Economic Times

US shifts Iran war strategy from fresh strikes to sanctions as Trump seeks to squeeze Tehran: Report

The United States is implementing economic sanctions alongside a naval blockade aimed at Iran. These new measures specifically target cooperatives interacting with Tehran, striving to disrupt its funding sources. Recent military operations have dispelled maritime threats, reducing Iran's influence over global oil supplies, while oil ships are now navigating the…

The Economic Times

Oil prices slide 2% on Iran-Oman talks to reopen Strait of Hormuz

Oil prices have dropped following the revival of discussions between Iran and Oman regarding the management of the Strait of Hormuz. The losses across both benchmarks highlight the market's reaction to navigation issues. Despite uncertainty gripping the market, some bargain buying has emerged, preventing further price decreases, while the U.S.…

The Economic Times

Iran and Oman discuss temporary Hormuz corridor as impasse with US drags on

Iran and Oman are discussing managing the Strait of Hormuz traffic. The United States is sending personnel back to Middle East diplomatic missions. U.S. sanctions threaten countries doing business with Iran. Oil prices fell as traders brushed off sanctions impact. Thousands have died in the conflict, with Iran's military capacity…

The Economic Times

Iraq may show how U.S. can squeeze Iran's trade partners

The United States is pressuring Iraq to curb its financial dealings with Iran. Washington has sanctioned Iraqi banks involved in trade with Tehran. Iraq relies heavily on US goodwill for its oil revenues and finances. Trade between Iraq and Iran exceeds ten billion dollars annually. New US measures could jeopardize…

The Economic Times

Oil Tanker Crippled by Mystery Projectile off Oman in Strait of Hormuz Amid Iran Sanctions War

An oil tanker was disabled in the Strait of Hormuz after being hit by an unknown projectile, escalating tensions between the US and Iran and raising concerns over global energy supply routes.

International Business Times UK

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International Business Times UK

CIA Chief John Ratcliffe Sparks Global Frenzy With Unannounced Moscow Flight for High-Level Discussions

CIA Director John Ratcliffe's unexpected visit to Moscow has sparked intense speculation about discussions on the Ukraine war and US-Iran tensions, highlighting the role of intelligence amid strained diplomatic relations.

France 24

Oil prices fall for second day as US shifts from Iran strikes to sanctions

Oil prices fell for a second straight day on Tuesday as traders saw a reduced risk of renewed US military strikes on Iran after Washington instead threatened broader economic sanctions. Treasury Secretary Scott Bessent declared an “economic D-Day” against Tehran but gave no timeline or details on countries that could…

The Economic Times

US prepares to send diplomats back to Middle East embassies after Iran war evacuations: Report

Embassies slated to restore higher staffing levels include those in Israel, Lebanon, Saudi Arabia, Qatar, Jordan, Oman, Iraq and Kuwait, according to the report. The State Department is continuously reviewing the security posture of its diplomatic missions worldwide and is adjusting staffing levels at certain posts in the Middle East…

International Business Times UK

China Warns It Will Take 'All Necessary Measures' Against US Over Fresh Iran Sanctions

China has vowed to take necessary measures to protect its interests following the US's new sanctions on Iran, warning that such actions could escalate global tensions and disrupt economic order.

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Barchart

Crude Oil Prices Sharply Lower as Middle East Hostilities Subside

October WTI crude oil (CLV26 ) closed down -2.65 (-3.12%) on Tuesday, and October RBOB gasoline (RBV26 ) closed down -0.0391 (-1.32%). Crude oil and gasoline prices settled sharply lower for a second day on Tuesday, falling to 1-week lows. Crude prices came under pressure on Tuesday after a news...

International Business Times

A New Poll Finds Support For Iran War At A Low Point. And It's Dragging Down Trump's Popularity.

Only 31 percent of Americans were supportive of the Iran war.

The Independent UK

America’s might has failed in Iran – an ‘economic D-Day’ is also unlikely to succeed

THE INDEPENDENT VIEW: Editorial: As Donald Trump opens a new front in his Middle East war, it has become clear the foray is a bigger disaster for the United States than Vietnam or Pearl Harbor

The Economic Times

Crude oil prices slide 4% as markets look past Iran sanctions

Oil prices dropped significantly as traders viewed new US sanctions on Iran less severely. Brent crude and West Texas Intermediate both reached their lowest levels since mid-August. The sanctions announcement was less aggressive than anticipated by many market participants. However, Iran has vowed retaliation, and shipping risks remain a concern…

The Guardian - UK

The Guardian view on Trump’s economic threats: bullies can overplay their hand

Editorial: Tariffs on Canada, threats against Iran’s partners and bond market intervention show a president weaponising US power while making Americans poorer at home

Fortune

‘This is obviously a very, very lucrative business for them’: Somali pirates are back—the Iran war is keeping the US too busy to stop them

Brett Erickson, a managing principal at Obsidian Risk Advisors, says Somali pirates have a lower risk of American retaliation because of resources in the Middle East.

The Economic Times

Another airline shuts down as US-Iran war keeps fuel costs high; hydrogen-electric air taxi startup abandons plans before launching passenger flights

Australia's Stralis, an airline startup, is shutting down after plans for hydrogen-electric air taxi flights failed to reach commercial readiness. The decision comes as high jet fuel prices linked to the US-Iran war continue to pressure airlines. Moreover, the company also faced regulatory costs, limited hydrogen infrastructure and a lack…

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