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HISTORICAL FACTS: 38 | History Defined

Oil sinks further as Trump and Pezeshkian sign deal to end Iran war

Crude prices fell further on Thursday after the US and Iran formally signed a memorandum of understanding aimed at ending the war and reopening the Strait of Hormuz, while equity markets gave a mixed verdict in the wake of the Federal Reserve's latest decision.

Euronews

Oil prices drop further below 80 dollars a barrel as US-Iran peace deal signed

Pakistan’s prime minister Shehbaz Sharif said leaders of both the United States and Iran had signed the peace-deal agreement.

Evening Standard

Rupee hits six-week high on offshore, exporter flows

The Indian Rupee saw a remarkable resurgence on Thursday, hitting a six-week high after a period of weakness influenced by the Federal Reserve's strict monetary stance. This turnaround was fueled by increased dollar selling from foreign markets and robust exporter contributions. Furthermore, the recent downturn in oil prices offered additional…

The Economic Times

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‘If Ukraine burns, your Moscow will burn,’ Zelenskyy warns after overnight strikes in Russia – as it happened

Ukraine’s president ramps up rhetoric after overnight drone strikes on Russian capital

The Guardian - UK

Rupee’s oil relief capped by RBI's FX book, interest payment hedges, bankers say

The Indian rupee's upward surge encounters some obstacles. As the Reserve Bank of India gradually dissolves a hefty foreign exchange forward book, banks are also preparing for interest payments on foreign currency holdings. These maneuvers are likely to soak up dollar inflows, which could limit the rupee's rise. Analysts predict…

The Economic Times

Stay invested, keep accumulating quality stocks: Neeraj Dewan

Easing crude oil prices have boosted sentiment for Indian equities, with experts recommending accumulation of quality stocks in financials, defence, infrastructure, and metals. Investors are advised to use market dips as buying opportunities, especially in mid and small-cap segments. While inflation and monsoon concerns persist, they are seen as chances…

The Economic Times

World shares are mixed following signing of US-Iran deal on ending the war

Shares are mostly lower in Europe after benchmarks in Japan and South Korea surged to new records after the U.S. and Iran signed their initial agreement ending the war

AAP

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Ukraine hits Moscow oil refinery, disrupting commercial flights in major drone attack

Russian officials say Ukraine has hit a Moscow oil refinery for the second time in a week, disrupting commercial flights at Moscow airports

AAP

Ukraine hits Moscow oil refinery in one of the largest drone attacks since the start of the war

Smoke rose over Moscow Thursday morning after Ukraine launched its largest drone attack in years, hitting the Moscow oil refinery and sparking fires in and around the capital. The attack on the refinery was a "justified response" to Russian strikes in Ukraine, said President Volodymyr Zelensky.

France 24

Ukraine strikes Moscow oil refinery for second time this week

It comes as Ukrainian President Volodymyr Zelenskyy met with NATO Secretary General Mark Rutte in Brussels.

Euronews

Pink flamingos and shimmering lemon groves: exploring Sicily’s Vendicari nature reserve

This wetland south of Syracuse was saved from developers and preserved as an unspoilt haven for migratory birds

The Guardian - UK

I'm convinced this Caudalie glow oil saved me from becoming a burnt bride - here's why it's now my daily go-to

After shielding my skin on one of the most important (and hottest) days of my life, here's why Caudalie's SPF oil has made a loyal fan out of me - and my editor, too.

Woman & Home

Vedanta Aluminium vs Power vs Oil & Gas vs Iron & Steel: Which stock should you buy?

Four Vedanta Group companies debuted on the market, with aluminium, iron & steel, and oil & gas shares tumbling while power stocks rose. Analysts advise patience, focusing on business quality over price action. Experts suggest aluminium offers the best risk-reward for long-term investors due to strong demand and cost efficiencies.

The Economic Times

Moscow oil refinery struck in Ukraine’s biggest air raid on city since start of war

Kyiv says attack, which also forced evacuation at Russia’s biggest airport, was in response to strike on historic monastery

The Guardian - UK

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AAP

Asian shares shrug off Wall St blues following signing of US-Iran deal on ending the war

Shares have surged in Asia, with benchmarks in Japan and South Korea setting fresh records, after the U.S. and Iran signed their initial agreement ending the war

The Economic Times

Fuel prices in India won't fall immediately despite global crude slump, MoS Suresh Gopi reveals why

Union Minister Suresh Gopi explained that immediate fuel price reductions aren't possible despite global crude cost drops due to transit times and other factors. He highlighted the central government's Rs 12,000 crore absorption of past impacts, urging states to also contribute.

Bangkok Post

US-Iran peace accord takes effect

A US-Iran agreement to extend their ceasefire and begin talks on a permanent peace deal is now in effect, with the presidents of the two countries signing the 14-point memorandum of understanding, White House officials have confirmed.

The Independent UK

Iran-US war latest: Supreme Leader says Trump made a deal out of ‘desperation’ after US lifts naval blockade

US vice president JD Vance said more than 12 million barrels of oil passed through the Strait of Hormuz last night

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The Economic Times

Silver cracks Rs 6,300/kg; gold dips Rs 1,600/10 gm as traders fear Fed rate hike this year. Should you sell?

Gold and silver prices fell sharply on MCX after the US Federal Reserve signalled a possible interest rate hike later this year while keeping rates unchanged. Higher rate expectations pressured precious metals despite easing oil prices. Analysts advised booking profits in existing long positions and waiting for fresh entry levels.

The National (Scotland)

Voters hit the polls in three Westminster by-elections

VOTERS in constituencies across the UK go to the polls today to decide the outcomes of three Westminster by-elections.

The Times of India

Ukrainian drones strike Moscow’s oil refinery again; flames, thick plumes of smoke seen

Moscow's oil refinery in Kapotnya was hit by a Ukrainian drone attack on Thursday, causing visible flames and smoke. This incident follows earlier drone strikes on Russian energy infrastructure, contributing to a growing fuel shortage. Meanwhile, Russia launched its own attacks on Kyiv and Sumy. Ukrainian President Zelenskyy discussed war-ending…

AAP

Asian shares shrug off US retreat after initial signing of US-Iran deal on ending the war

Shares have surged in Asia, with benchmarks in Japan and South Korea setting fresh records, after the U.S. and Iran signed their initial agreement ending the war

AAP

US and Iran sign initial deal to end war, ease sanctions and open strait as nuclear talks continue

An initial agreement to end the war between the United States and Iran calls for Tehran to dilute its stockpile of highly enriched uranium and would waive sanctions on the country, immediately allowing Iran to sell its oil freely

The Economic Times

Iran deal calls for diluting uranium at minimum, waiving sanctions & opening strait, US officials say

President Trump announced a deal with Iran, involving uranium dilution and sanctions waivers, allowing immediate oil sales. Mediated by Pakistan, the agreement aims to reopen the Strait of Hormuz and end hostilities in Lebanon. While hailed by Trump, the memorandum of understanding faces scrutiny and potential future renegotiation.

AAP

Europe explores energy security alternatives after Iran war's turmoil

The Iran war's impact on global fuel prices has pushed Europe to explore alternative trade and energy routes

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