The Latest Breaking News from Iran

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 · Jul 18

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 · Jul 18

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 · Jul 18

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...

Barchart · Jul 17

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

The Independent UK · Jul 17

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 · Jul 17

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,...

Barchart · Jul 17

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.

Bangkok Post · Jul 17

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.

International Business Times · Jul 17

Utility stocks support FTSE 100 in nervy trade

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

Evening Standard · Jul 17