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REVEALED: 85 | Rare Historical Photos

Copper hits two-month high above $14,000 as inventories dip

Copper prices climbed above $14,000, reaching a two-month high on Tuesday. This surge was fueled by decreasing inventories outside the United States and potential Iran war resolution. Available copper inventory in LME warehouses fell to just over a day's global consumption. Aluminium prices also rose, touching their highest level since…

The Economic Times

Lebanon and Israel hold new round of direct talks in Rome to discuss Hezbollah disarming

This week's negotiations are the seventh round of Washington-mediated talks since Hezbollah drew Lebanon into the Middle East war in March with rocket fire at Israel in support of its backer Iran.

Euronews

Scott Bessent Signals Imminent US-Iran Deal to Reopen Strait of Hormuz, Sending Oil Lower: 'We May Have a Deal Today or Tomorrow...'

U.S. Treasury Secretary Scott Bessent signalled the U.S. and Iran could reach an agreement as early as Tuesday or Wednesday to reopen the Strait of Hormuz, restoring free passage for commercial shipping.

Benzinga

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Rubio hopes US can reach Hormuz deal with Iran ‘very shortly’ as officials say progress has been made – as it happened

US secretary of state comments come after treasury secretary, Scott Bessent, said Washington could reach a deal ‘by tomorrow’

The Guardian - UK

Oil shortages escalate from wars in Iran and Ukraine, with few signs of relief

The global energy crisis triggered by two wars is set to worsen, as Ukraine pummels Russia’s refining industry and Iranian attacks continue on Middle Eastern oil production and refining. Further, the nature of the destruction and the growing number of fronts and warring parties involved may herald a new era…

The Conversation

Qatar Says Efforts To Reach U.S.-Iran Deal Are 'Ongoing.' But There Are No Direct Talks On The Horizon

Qatar spokesperson Majed Al-Ansari said efforts to reach a deal between the U.S. and Iran are ongoing but there are no direct talks in the plans.

International Business Times

How the Iran war is draining America's long-range missiles crucial in countering potential China, Russia threats

US Army's long-range missile stockpiles are significantly depleted after operations against Iran. Reuters reports that ATACMS and PrSM missiles have been heavily utilized. This depletion raises concerns about America's readiness for future major power conflicts. Defensive missile inventories, including Patriot and THAAD, have also seen reductions. Production is now ramping…

The Economic Times

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US hopeful of Hormuz deal within days as diplomacy with Iran gathers pace

The United States expresses hope for a deal with Iran to reopen the Strait of Hormuz soon. Treasury Secretary Scott Bessent indicated talks could yield an agreement today or tomorrow. This comes as a cargo vessel was struck in the vital waterway, highlighting security concerns. President Donald Trump warned Iran…

The Economic Times

Qatar says draft US-Iran talks proposal in circulation as mediators push to ease tensions

Qatar is mediating a draft proposal to restart United States and Iran talks. This initiative aims to de-escalate current tensions and prevent further conflict. Oil prices saw a slight decrease following this diplomatic development. Diplomatic efforts focus on restoring shipping through the Strait of Hormuz. Iran maintains its authority over…

The Economic Times

BP’s £4.2bn Iran ‘war bonus’ fuels anger over UK soaring energy bills

BP has been slammed for raking in billions from a “war bonus” boosted by the US-Iran conflict, while UK households face soaring energy bills

The National (Scotland)

BP profit doubles to $5.7bn as war between US and Iran drives up oil prices

The five majors, BP, Shell, ExxonMobil, Chevron and TotalEnergies, together made about $46bn between April and June

The Independent UK

Trump Blasts Exxon, Chevron Over $26B Iran War Windfall, Vows They'll 'Give Some Back'

Donald Trump criticises major oil companies for profiting from the Iran conflict, urging them to reduce consumer prices as Americans face rising fuel costs ahead of midterm elections.

International Business Times UK

Mediator Qatar says efforts 'ongoing' for Iran-US diplomatic solution

Qatar has confirmed its role as a mediator in the ongoing diplomatic interactions between the United States and Iran. These talks aim for a temporary solution that may pave the way for more extensive negotiations. The U.S. president agreed to engage in discussions prompted by multiple nations, with a focus…

The Economic Times

Pakistan invites Iranian FM Abbas Araghchi for talks amid renewed US-Iran tensions

Pakistan's Foreign Minister Ishaq Dar has extended an invitation to Iranian Foreign Minister Abbas Araghchi to visit Islamabad for crucial talks. This move underscores Pakistan's ambition to serve as a vital diplomatic link between Tehran and Washington, especially in light of recent events where US President Donald Trump cancelled military…

The Economic Times

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The Guardian - US

US water facilities targeted by ‘malicious cyber actors’ – who’s to blame?

Despite Trump’s efforts to blame Tim Walz and Minnesota, officials suspect Iran behind attacks on US infrastructure

The Guardian - UK

First Thing: Trump chastises oil companies for ‘making too much money’ from his Iran war

US president takes aim at profits as oil companies worldwide benefit from US-Iran conflict

The Economic Times

US has used 'virtually all' of its long-range precision missiles during Iran war, sources say

The United States has nearly exhausted its supply of key long-range missiles. This depletion occurred during the ongoing five-month conflict with Iran. Concerns are rising about the military's readiness for future potential conflicts. The nation also used a significant portion of its Tomahawk missile reserves. Officials worry about the impact…

The Times of India

Iran won't escalate tensions but will defend itself, says Pezeshkian as Donald Trump claims Tehran has 'last chance'

Iran states it will defend its security while the US president claims a last chance for a deal. Conflicting reports emerge regarding ongoing negotiations between Iran and the United States. Shipping activity through the Strait of Hormuz remains subdued amid these diplomatic claims. Iran's IRGC reportedly launched a drone attack…

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Benzinga

Stock Market Today: S&P 500, Dow and Nasdaq Futures Gain as Scott Bessent Says Hormuz Deal Could Come Soon— Caterpiller, Palantir in Focus (UPDATED)

(Editor’s note: The headline, lede and ETFs, stocks and futures data have been updated.)

The Economic Times

Global Market: Goldman Sachs sees Brent crude trading at $80-$90 until Iran conflict outlook clears

Goldman Sachs forecasts Brent crude prices between $80 and $90 per barrel. This range persists until clarity emerges on US-Iran nuclear talks. Physical oil markets are tightening significantly due to reduced flows from key regions. Gulf oil exports have dropped substantially from pre-war levels. Russian crude supplies also show a…

Fortune

The Gulf’s AI boom is driving the race to control the data highways

The Gulf’s AI ambitions are spurring governments and telecom giants to invest in building out the cables, fiber networks and data centers that will determine who controls the region’s increasingly valuable flows of data.

France 24

How Israel reduced Iran’s historic Rafi-Nia synagogue to rubble (1/2)

Before it was destroyed in an Israeli air strike on April 7, Tehran’s Rafi-Nia synagogue was emblematic of one of the Middle East's largest Jewish communities outside of Israel. According to one worshipper and an expert, both well acquainted with its vibrant community, the prominent synagogue was far more than…

The Guardian - UK

Trump accuses oil companies of ‘making too much money’ from his war on Iran

US president hits out at ExxonMobil and Chevron, saying they should ‘give some of that back to the public’

The Independent UK

Millions join Arbaeen pilgrimage in Iraq amid regional tensions and fears of US-Iran escalation

Millions of Shiite Muslims are observing the annual Arbaeen pilgrimage in Karbala, Iraq, despite regional tensions and fears of escalation in the U.S.-Iran conflict

The Times of India

'How do you explain US, China?' Former India envoy counters Pakistan army's 'kaafir' remark

Former Indian ambassador to Iran Dinkar P Srivastava has questioned Asim Munir-led Pakistan's military over its recent remarks invoking religious references while commenting on India-Afghanistan ties. He asked how Islamabad reconciles those statements with its own long-standing partnerships with the United States and China.

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