The Latest Breaking News from Iran

Miners and energy lift stocks but Iran risks remain

Gold, copper and oil prices have handed the local stock exchange a boost, but with nine sectors in the red it's clear that risk sentiment remains fragile.

AAP · Jul 22

Oil Price Today (July 22): Crude oil crosses $90, hits 2-month high as US strikes enter 11th day. $120 possible, say experts

Brent crude prices crossed the mark of $92 a barrel, rising to the levels last seen in early-June. West Texas Intermediate (WTI), the US crude, is now trading near the mark of $85 a barrel, climbing for the fourth straight session.

The Economic Times · Jul 22

Trump clears Saudi Arabia nuclear agreement, opens door to uranium enrichment

President Donald Trump approved a nuclear cooperation agreement with Saudi Arabia. This accord could allow uranium enrichment capabilities for their civilian nuclear program. US companies are expected to participate in developing Saudi Arabia's nuclear infrastructure. The agreement follows months of heightened tensions with Iran. It may pave the way for…

The Times of India · Jul 22

Pakistan seeks $10 billion US stabilization facility to shore up reserves

Pakistan has requested a ten billion dollar exchange stabilization facility from the United States. This loan aims to bolster foreign exchange reserves and ease pressure on the Pakistani rupee. The request follows Pakistan's diplomatic efforts in brokering talks over the Iran war. This facility would reduce reliance on multilateral financing…

The Economic Times · Jul 22

Middle East live: Trump attends dignified transfer of US service members killed in Iran war

President Donald Trump on Wednesday ​attended a dignified transfer of remains ceremony at a military base in Delaware for four US service members killed in the Iran war. Of the four slain soldiers, three were killed in an Iranian missile attack on a military base in Jordan and another died…

France 24 · Jul 22

Fresh US-Iran strikes overshadow Pakistan's bid to revive collapsed ceasefire

Tensions between the United States and Iran intensified over the Strait of Hormuz. Pakistan's diplomatic efforts to revive a ceasefire deal faced significant challenges. U.S. President Donald Trump expressed no interest in immediate talks with Iran. Iran-backed rebels opened a new front in the Red Sea, impacting oil supplies. Both…

The Economic Times · Jul 22

US Iran war bill climbs to $37.5 billion as Hegseth seeks urgent funding

The United States' war in Iran has reached $37.5 billion in costs. Defense Secretary Pete Hegseth sought urgent funding from skeptical lawmakers. This conflict strains the Pentagon's budget and risks military personnel matters. A fragile ceasefire collapsed, leading to daily strikes and troop casualties. President Trump threatens escalation and new…

The Economic Times · Jul 22

Trump says US 'not finished' attacking Iran as conflict widens

President Donald Trump said the US was "not finished" attacking Iran on Tuesday as the conflict widened, with Tehran launching strikes on Gulf states and its Houthi allies threatening to blockade Saudi ports. The escalation came amid fresh US strikes, rising military casualties and continued diplomatic contacts through mediators.

France 24 · Jul 21

‘Failure’ Hegseth melts down over questions about Iran war strategy as costs explode

Defense secretary demands ‘necessary injection’ of $67 billion for ‘generational investment’ in nation’s military as senators ask him to justify continued spending while Americans struggle at home

The Independent UK · Jul 21

US Official Warns White House Unaware of Missile Stockpile Shortage as Iran War Drags On

A US official warns of insufficient missile stockpiles for ongoing operations in Iran, raising concerns about military readiness and transparency from the Pentagon.

International Business Times UK · Jul 21