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The Latest Breaking News from Iran

US forces strike Iran for seventh consecutive night

Iran's Fars state news agency reported that Iranian forces had responded by attacking US allies and bases in the region, including the Ali Al Salem airbase in Kuwait.

Euronews

US warns Americans to reconsider Middle East travel amid rising tensions

The United States issued a travel warning for the Middle East due to escalating regional tensions. Escalating hostilities between the United States and Iran involved fresh military strikes. Fighting intensified over the Strait of Hormuz, impacting global oil prices significantly. Kuwait and Bahrain reported missile and drone interceptions amid the…

The Economic Times

🔴 Middle East live: Two US service members in Jordan killed, one missing in action

This live page is no longer being updated. For more of our coverage of the Iran war, click here.

France 24

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Trump, not Iran, is the world’s greatest danger. He’s a one-man weapon of mass destruction

As the bombing starts again, it’s clear the president has dragged the US into a limitless fiasco – and the world into an economic quagmire, says Guardian foreign affairs commentator Simon Tisdall

The Guardian - UK

Oil settles up on renewed US-Iran hostilities and threat of Red Sea closure

Oil prices climbed significantly on Friday, reaching their highest point in over a month. Escalating hostilities between the United States and Iran intensified attacks across the Gulf region. Shipping routes face potential closure, impacting global oil flows and prices. Saudi Arabia has redirected significant crude exports to avoid the Strait…

The Economic Times

Iraq, Syria Revive Oil Pipeline Shut Since 2003 in Bid to Bypass Strait of Hormuz After Iran War Disrupts Exports

On Friday, Iraq and Syria agreed to revive a long-idled oil pipeline linking northern Iraq to Syria’s Mediterranean coast as Baghdad looks to reduce its reliance on the Strait of Hormuz following disruptions caused by the recent U.S.-Iran conflict.

Benzinga

US plans to send additional refuelling aircraft to Israel amid possible expansion of Iran ops: Axios

The US administration is considering expanding its military campaign against Iran. Dozens of additional military refuelling aircraft may deploy to Israel soon. This move follows President Trump reviewing multiple military options earlier this week. US forces have conducted strikes around the Strait of Hormuz and southern Iran. Iran has intensified…

The Economic Times

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US CENTCOM confirms destruction of Chabahar Port surveillance tower in Iran

The US Central Command (CENTCOM) said on Friday (local time) that it had "successfully destroyed" a surveillance tower at Iran's Shahid Kalantari Port in Chabahar, claiming the facility was part of a maritime surveillance network operated by the Islamic Revolutionary Guard Corps (IRGC) to monitor commercial shipping in the Gulf…

The Economic Times

US and Iran escalate strikes across Mideast; bridges and a water plant hit

The United States and Iran intensified their conflict across the Middle East on Friday, launching fresh strikes on military and infrastructure targets as tensions over the Strait of Hormuz escalated. The U.S. targeted additional bridges, energy facilities and a key Iranian port, stepping up pressure on Tehran after President Donald…

The Economic Times

Australia expands its fuel buffer against Gulf turmoil

Australia's fuel reserves have hit all-time highs as the Iran conflict roils global oil markets, helping keep unleaded around $1.76 a litre in capital cities.

AAP

Gold price prediction: Why is Gold rate crashing to biggest weekly loss? Check latest projections for August

Gold price has fallen about 25 per cent since the U.S.-backed war with Iran began in late February, pressured by expectations that war-driven inflation could keep interest rates higher for longer.

The Economic Times

BP And ConocoPhillips Are Pouring Billions Into Iraq. The Bigger Goal Is Reducing Iran's Energy Influence.

ConocoPhillips has agreed to acquire a 42% stake in BP Energy Company of Kirkuk Limited, expanding its footprint in northern Iraq at a time when the United States and Iraq are working to strengthen energy ties and reduce the region's dependence on routes vulnerable to disruption.

International Business Times

US launches seventh night of Iran strikes as Hormuz conflict escalates

Central Command says attacks were designed to ‘continue degrading Iranian military capabilities’

The Guardian - UK

Stocks Fell Again Dragged By Chipmakers and U.S.-Iran Tensions, Wall Street Capped a Weekly Decline

Stocks fell on Friday and capped a negative week as chipmakers continue to drop.

International Business Times

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Barchart

Dollar Little Changed as Crude Prices Soar and T-note Yields Fall

The dollar index (DXY00 ) finished little changed on Friday. The dollar found some support from Friday’s +4% jump in WTI crude oil prices, which raises inflation expectations and could prompt the Fed to pursue tighter monetary policy, a supportive factor for the dollar. Also, Friday’s stock selloff boosted liquidity...

The Independent UK

US oil firms sign deals with Iraq to develop alternative shipping routes

U.S. companies have signed roughly $60 billion in agreements and partnerships with the Iraqi government, including deals intended to create alternative routes for shipping oil out of the Persian Gulf

Barchart

Escalation of US-Iran Hostilities Pushes Crude Oil Sharply Higher

August WTI crude oil (CLQ26 ) on Friday closed up +3.54 (+4.48%), and August RBOB gasoline (RBQ26 ) closed up +0.1080 (+3.29%). Crude oil and gasoline prices rallied sharply on Friday, with crude posting a 5-week high and gasoline posting a 2-month high. Crude prices surged on Friday amid heightened...

Barchart

Nat-Gas Prices Supported by a Surge in European Gas Prices

August Nymex natural gas (NGQ26 ) on Friday closed up +0.053 (+1.85%). Nat-gas prices settled higher on Friday, garnering carry-over support from a sharp rally in European nat-gas prices to a 3.75-month high. Prices rallied on concern that escalation of the US-Iran conflict will keep the Strait of Hormuz closed,...

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Bangkok Post

Tech sell-off takes toll on Asian equities

RECAP: Most Asian stock markets fell sharply on Friday, with equity benchmarks in Japan and Taiwan falling as much as 6%, as a global rout in technology stocks accelerated. The resumption of US-Iran hostilities and higher oil prices also dented sentiment.

International Business Times

Israel Is Hosting Dozens Of US Warplanes As Clashes With Iran Continue. Washington Is Reportedly Sending Many More

The U.S. is sending more refueling planes to Israel ahead of a potential expansion of operations in Iran, according to a new report.

Evening Standard

Utility stocks support FTSE 100 in nervy trade

The FTSE 100 Index closed up 28.13 points at 10,600.37.

Benzinga

Trump Declared The Iran Ceasefire 'Over': These 7 Energy Stocks Have Been Cashing In Ever Since

Crude is up roughly 10%, topping $80 per barrel, since President Donald Trump declared the Iran deal was “over.”

The Independent UK

Bulletin PM briefing: Burnham is new Labour leader and US attacks on Iran escalate

What Andy Burnham said as he is named new Labour leader. US attacks on Iran escalate as tower is destroyed in key port. Mexican coast struck by powerful earthquake as tsunami warning issued. Mum of Henry Nowak’s murderer Vickrum Digwa jailed for removing knife from crime scene. NHS cuts homeless…

Barchart

Crude Oil Prices Soar as the US and Iran Escalate Attacks

August WTI crude oil (CLQ26 ) today is up +2.16 (+2.74%), and August RBOB gasoline (RBQ26 ) is up +0.1049 (+3.19%). Crude oil and gasoline prices are moving sharply higher today, with crude posting a 1-month high and gasoline posting a 7-week high. Crude is rallying today on heightened concerns...

The Independent UK

US attacks on Iran escalate as tower is destroyed in key port

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