Fresh Trump strikes on Iran kill seven as US marines storm tanker IN FULL The Independent UK · Jul 17
Iranian airport and bridges hit as US forces board ship amid ports blockade – as it happened Southern rail station also attacked, Iranian media says, as IRGC claims to have destroyed US fighter jets stationed in Jordan The Guardian - UK · Jul 17
U.S. companies have finally gotten $71 billion in tariff refunds, but they’re using it to offset inflation caused by the Iran war “The Middle East conflict is really driving more inflation…so we are going to use the majority of the tariff refund to offset these higher costs,” the McCormick & Company CFO said. Fortune · Jul 17
China's oil imports have plunged during the Iran war. How much will they recover? China's oil imports have significantly decreased since April. This reduction has kept global prices stable and freed up supply. Analysts are uncertain about the permanence of this demand drop. Factors like electric vehicle adoption and industrial slowdown influence future consumption. Stockpiling and fuel export policies will also shape import levels. The Economic Times · Jul 17
Iran war and monsoons key risk for Indian economy, says RBI Governor Sanjay Malhotra RBI Governor Sanjay Malhotra said India’s inflation remains elevated, with rising Middle East tensions and the possibility of a weak monsoon posing key risks. He attributed recent price pressures mainly to supply-side factors and said policymakers should remain in a “wait and watch” mode. The Economic Times · Jul 17
Iran-US war latest: Iran warns ‘not a single drop’ of oil will pass through Hormuz as US ends ninth night of strikes Oil prices climb above $90 a barrel after Iranian military targets two tankers in Strait of Hormuz The Independent UK · Jul 17
US airstrikes hit Iranian civilian sites as Tehran attacks Gulf neighbours In a primetime address to the nation, Trump said the US was "winning big in Iran" and the public would see "the fruits of that labour". However, a deal seems far out of reach as fighting in the region continues to escalate. Euronews · Jul 17
US war secy Pete Hegseth shares photo of Chabahar port tower collapsing amid strikes in Iran Chabahar port has been a repeated target of American airstrikes. Iranian state media acknowledged a third round of strikes on the facility without immediately acknowledging the tower’s collapse. Iran, however, described the tower as overseeing commercial traffic into the port. However, Iran’s paramilitary Revolutionary Guard also operates at ports across… The Times of India · Jul 17
CENTCOM Reveals Fresh Strikes on Iran Amid Escalating Tensions, Says 50,000 US Service Members Are Active in Region The U.S. Central Command (CENTCOM) on Thursday revealed a new round of strikes against Iran, targeting Iranian military infrastructure amid escalating tensions. Benzinga · Jul 17
Why did market rise today? Sensex surges 965 points; Nifty ends above 24,300. 4 reasons why D-Street defied global rout Indian stock markets saw gains on Friday, with Sensex and Nifty trading higher. IT stocks led the gains, while broader markets experienced marginal losses. Escalating Iran-US conflict and rising oil prices added to investor caution. Foreign investors remained net sellers of Indian equities on Thursday. Analysts advise caution due to… The Economic Times · Jul 17
US airstrikes on Iran appear to have damaged Gulf of Oman port facility U.S. airstrikes appear to have collapsed a tower at Iran’s Chabahar port on the Gulf of Oman, a key trade route for Afghanistan The Independent UK · Jul 17
Gold prices dip Rs 3,000/10 gram this week, silver plunges Rs 7,300/kg as oil rally raises rate hike bets. What’s next? Gold prices edged higher on MCX while silver traded slightly lower on Friday. Renewed U.S.-Iran fighting lifted oil prices, stoking inflation concerns and rate hike expectations. MCX silver futures for September 2026 delivery were down Rs 745. Gold futures for August 2026 delivery declined by Rs 385. For the week,… The Economic Times · Jul 17
US hits civilian infrastructure as it expands strikes against Iran Tehran bombs US allies in Middle East after US attacks on bridges, energy facilities and key port The Guardian - UK · Jul 17
'Cyber threat to democracy': Trump claims Russia, China, Iran, North Korea can compromise US election systems US President Donald Trump on Friday alleged that Russia, China, Iran, North Korea and non-state actors possess the capability to compromise America's election infrastructure. The Times of India · Jul 17
AAP · Jul 17 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.
The Economic Times · Jul 17 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…
Benzinga · Jul 17 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.
The Economic Times · Jul 17 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 · Jul 17 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 · Jul 17 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 · Jul 17 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 · Jul 17 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 · Jul 17 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 · Jul 17 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 · Jul 17 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…