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The Latest Breaking News from Iran

Aussie shares end week lower as mining rout continues

Mining stocks have continued to come under selling pressure, leaving the Australian share market down for a second week.

AAP

Oil Price Today (July 17): Crude oil jumps 12% this week as Hormuz, Red Sea closure risks loom. What are experts saying?

Brent crude futures gained $1.05, or about 1.25%, to $85.28 a barrel while U.S. West Texas Intermediate (WTI) crude futures rose $1.03, or 1.3%, to $79.98 a barrel. The gains helped both benchmarks recover losses from the previous session. For the week, both oil benchmarks have rallied nearly 12%. Brent…

The Economic Times

Bitcoin, Ethereum, XRP, Dogecoin Slide as 'Fear' Sentiment Prevails: Analyst Says BTC's 'Clear Breakthrough' Above This Level a Trigger for 'Strong Run

Leading cryptocurrencies fell alongside stocks on Thursday as the chip selloff and Iran tensions impacted risk appetite.

Benzinga

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Gold set for biggest weekly fall in six as Iran war fans inflation worries

Gold prices saw a rebound on Friday, yet are set for a significant weekly loss. Renewed clashes between the United States and Iran have lifted oil prices considerably. This escalation has stoked inflation concerns and strengthened expectations for higher interest rates. Fed officials are signaling openness to rate hikes amid…

The Economic Times

Oil rises on intensifying US-Iran hostilities and threat of Red Sea closure

Oil prices climbed Friday as United States and Iran escalated attacks. The Strait of Hormuz oil flow is limited by the broken truce. Iran asked Houthi movement to prepare to close the Red Sea route. United States launched air strikes on Wednesday and continued firing. Oil security remains a critical…

The Economic Times

US expands attacks on Iran, which calls Strait of Hormuz a 'red line' as it retaliates

United States intensified strikes against Iran, hitting targets farther north. Iran retaliated with missiles and drones at US allies in the region. The interim ceasefire collapsed, leading to days of back-and-forth attacks. US strikes reached areas around Iran's capital, Tehran, widening targets. The US reimposed a naval blockade on Iranian…

The Economic Times

Iran strikes US military assets in Bahrain with drones after Washington's attacks on civilian infrastructure

Iran's Army on Thursday (local time) stated that it has launched drone attacks targeting US military assets in Bahrain in response to American strikes on civilian infrastructure in the Islamic Republic, which resulted in the death of three and injured several.

The Economic Times

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US forces continue 'wave of strikes' against Iran for sixth consecutive night

US forces on Thursday (local time) launched a fresh wave of military strikes against Iran, marking the sixth consecutive night of operations against the Islamic Republic amid rising hostilities between the two sides following the collapse of the 14-point memorandum of understanding between the two sides.

The Economic Times

White House says Iran 'very much continues' talks with Washington, wants to 'make a deal' despite US strikes

The White House on Thursday (local time) said Iran continues to engage in talks with the United States and has expressed its willingness to reach an agreement with Washington, even as US forces have carried out multiple rounds of strikes against Iranian targets in recent days.

The Economic Times

Trump threatens new Iran escalation and risks repeating old mistakes

President Trump has increased U.S. air strikes on Iran, but strategy shows little success. An interim ceasefire deal has collapsed, leaving the U.S. in a difficult situation. Iran has threatened to involve its allies in Yemen if strikes continue. Analysts believe escalation will not compel Iran to change its position.…

The Economic Times

White House says Trump 'certainly agrees' with Vance's remark on Israeli govt elements influencing US opinion on Iran conflict

The White House on Thursday (local time) said that US President Donald Trump "certainly agrees" with Vice President JD Vance's assertion that foreign countries, particularly Israel, seek to influence American public opinion, after Vance alleged that certain elements within the Israeli government were attempting to shape US opinion to prolong…

The Economic Times

Kuwait desalination plant hit as US and Iran escalate infrastructure attacks

The United States struck bridges and energy sites in Iran on Friday, and Tehran responded by hitting a power and water desalination plant in Kuwait, as the two sides expanded their targets to include infrastructure. Read our blog to see how the day's events unfolded.

France 24

Gold prices face turbulence as oil, Fed risks increase

Renewed hostility between the US and Iran could cause global gold prices to plunge to US$3,600-3,800 an ounce, or 60,000 baht per baht-weight for domestic gold bar, especially if oil prices rise to $90-100 a barrel and remain at that level for more than a month, according to Thailand's leading…

Bangkok Post

Trump makes unverified claims of China ‘election meddling’ as critics fear ploy to challenge midterm results

Opponents say president’s address about 2020 election loss is attempt to sow confusion ahead of midterms that could deliver big losses for Republicans

The Guardian - UK

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The Independent UK

US launches new wave of strikes on Iran

IN FULL

Reason

Congress Wants To Keep Funding a Pentagon That Won't Account for Its Spending

The only federal agency that has never passed an audit could soon get another $60 billion, even as it buries reports on the spiraling costs of its programs.

Barchart

Stocks Settle Lower as Chipmakers and AI Stocks Slump

The S&P 500 Index ($SPX ) (SPY ) on Thursday closed down -0.51%, the Dow Jones Industrial Average ($DOWI ) (DIA ) closed down -0.20%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) closed down -1.62%. September E-mini S&P futures (ESU26 ) fell -0.50%, and September E-mini Nasdaq futures...

Evening Standard

Iran targeted by more US strikes while White House says sides are talking

Donald Trump will not let ships be fired on in the Strait of Hormuz without Tehran ‘paying a consequence’, says administration

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We Got This Covered

JD Vance claims Israel is trying to manipulate Iran war, admits Trump administration messed up with Epstein files

“I represent Americans first.”

The Economic Times

US stocks today: Nasdaq ends lower as chip weakness offsets solid earnings, economic data

U.S. stocks slipped as chipmakers dragged the Nasdaq and S&P 500 lower despite solid economic data and strong earnings expectations. Semiconductor weakness offset gains in healthcare, while rising oil prices and escalating U.S.-Iran tensions added pressure. Investors remain cautious amid volatility, even as retail sales and labor data signal underlying…

The Conversation

Backed into a corner by Iran over the Strait of Hormuz, Trump may resort to even more reckless escalation

In a moment of brazen hubris in the Oval Office last year, US President Donald Trump railed at Ukrainian President Volodymyr Zelensky. He accused Zelensky of not being thankful for US support in Ukraine’s existential struggle against invading Russian forces, and famously told him: “You don’t have the cards”.

Barchart

Dollar Boosted by US Economic Strength and Hawkish Fed Comments

The dollar index (DXY00 ) rose by +0.27% on Thursday. The dollar rallied on Thursday as better-than-expected US economic reports signaled economic strength and lifted T-note yields. Weekly jobless claims unexpectedly fell to a 10-week low, Jun retail sales rose as expected, and the Jul Philadelphia Fed business outlook survey...

The Independent UK

Karoline Leavitt just revealed something worrying about Trump’s psyche — and his approach to the midterms

ANALYSIS: ‘Everyone should tune in’ because what Trump has found out ‘will shock you,’ said the White House press secretary, at a briefing that left a lot of people feeling nervous about both the 2026 and 2028 elections, writes Holly Baxter

Barchart

Dollar Strength Sparks Long Liquidation in Crude Oil Futures

August WTI crude oil (CLQ26 ) on Thursday closed down -0.65 (-0.82%), and August RBOB gasoline (RBQ26 ) closed down -0.0162 (-0.49%). Crude oil and gasoline prices gave up early gains on Thursday and settled lower, as a stronger dollar sparked profit-taking and long liquidation. Crude prices are supported by...

Barchart

Why are World Sugar Futures Stuck in Neutral?

World sugar futures on the Intercontinental Exchange have traded in a narrow range of 13.34 to 16.10 cents per pound in 2026. While sugar is consolidating, it has made higher lows since mid-February but lower highs since late March.

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