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The Latest Breaking News from Iran

Supertanker hit with Hellfire missiles: How US-Iran conflict is spreading across the Gulf

The United States intensified its military campaign against Iran on Thursday, expanding its strikes, for the first time since reimposing its naval blockade, attacking an oil tanker with Hellfire missiles headed for Tehran's main export terminal.

The Times of India · Jul 16

First Thing: US attacks tanker in continuing Iran conflict as Tehran releases US citizen

US renews blockade of Iranian ports, while Iran attacks sites in Bahrain and Kuwait. Plus, legendary director John Waters on 60 years of screen carnage

The Guardian - UK · Jul 16

Market Wrap: Sensex ends flat, Nifty holds 24,050 as Iran-US conflict keeps optimism in check

Sensex gained a mere 1 point to end at around 77,187, and Nifty 50 dropped around 6 points to close at nearly 24,073 on Thursday. Broader markets slipped into the red, with Nifty Midcap 100 and Nifty Smallcap 100 indices closing up to 0.4% lower.

The Economic Times · Jul 16

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Stock Market Today: Dow Futures Rise, S&P 500 Falls As Trump Says Iran Wants To Negotiate— AtaiBeckley, J B Hunt, AST SpaceMobile in Focus (UPDATED)

(Editor’s note: The lede, futures, ETFs and economic data were updated.)

Benzinga · Jul 16

Pakistan urges US, Iran to end hostilities, resume talks amid renewed strikes

Pakistan urged the United States and Iran to cease hostilities and resume negotiations. Renewed military strikes between the two nations threaten regional stability and peace efforts. The Islamabad Memorandum of Understanding aimed for a permanent peace agreement within sixty days. Pakistan reiterated its call for maximum restraint and a commitment…

The Economic Times · Jul 16

Iran warns Strait of Hormuz is a 'red line' and will resist until the end

Iran vows to strike regional infrastructure if President Trump attacks its infrastructure. The US is targeting Iran's military capabilities while reimposing a naval blockade. Iran declared the Strait of Hormuz an inviolable red line for global oil shipments. Tehran warned neighbors against assisting US attacks, threatening retaliation. This escalation raises…

The Economic Times · Jul 16

Global Markets: Japan's Nikkei drops nearly 3% as chip stocks slide despite robust TSMC results

Japan's Nikkei share average finished close to a three percent decline on Thursday, influenced by a sell-off in chip-related stocks and escalating hostilities in the Middle East that dampened risk appetite. Despite Taiwan Semiconductor Manufacturing reporting record earnings, investor caution prevailed amid renewed tensions between the U.S. and Iran. Conversely,…

The Economic Times · Jul 16

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Iran eyes the Red Sea: How it can control the vital maritime chokepoint

Iran has signalled that it could expand pressure beyond the Strait of Hormuz to another of the world's most critical maritime chokepoints, the Bab el-Mandeb Strait at the southern entrance to the Red Sea. The warning comes as disruptions in Hormuz continue to strain global energy markets and shipping.

The Times of India · Jul 16

US expands strikes into northern Iran and disables ship trying to run blockade

The United States intensified its strikes against Iran, hitting targets farther north. Iran retaliated by launching missiles and drones at US allies in the region. The interim ceasefire has collapsed, leading to days of back-and-forth attacks. The conflict is focused on the Strait of Hormuz, impacting shipping traffic. Efforts continue…

The Economic Times · Jul 16

Iran reports fresh strikes near Qeshm Island and accuses US over ‘barbaric’ hospital attack – as it happened

Iranian news agencies say a US missile hit island in strait of Hormuz, after foreign ministry said children’s cancer hospital in Ahvaz had to be evacuated

The Guardian - AU · Jul 16

A case for less talk? Making sense of Fed's flip-flops over past one year

The call from Federal Reserve chief Kevin Warsh to curtail policy guidance is gathering momentum, with Fed Governor Chris Waller making a notable leap from dovish to hawkish stances. Michelle Bowman has also shown a marked transformation in her policy views. Meanwhile, Stephen Miran is advocating for a focus on…

The Economic Times · Jul 16

China's oil fortress will reshape the global order

China shielded itself from the Iran war's energy shock by cutting crude imports and restricting fuel exports. This move demonstrated its capacity to manage global energy flows independently. The nation's substantial oil stockpiles remain largely untapped, offering future strategic options. China's actions transformed it from a price taker to a…

The Economic Times · Jul 16

'We will kill Trump': Tehran puts up gigantic billboard depicting US president in coffin

A large billboard showing Donald Trump in a coffin appeared in Tehran's Enghelab Square. This display coincided with renewed military strikes between the United States and Iran. US forces conducted strikes targeting Iranian command centers and air defense systems. Iranian authorities reported a missile strike near a cancer hospital in…

The Times of India · Jul 16

Who is Dena Karari? Why was the Iranian-American tech professional detained by Iran

An American citizen, Dena Karari, has been released from Iran. She was detained in December 2024 on espionage charges. President Trump announced her release as a gesture of goodwill. Karari is a dual national who ran a US-registered non-profit. Her release occurred amid renewed military confrontation between the US and…

The Economic Times · Jul 16

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The Independent UK · Jul 16

UK economy ekes out growth in May amid Iran war pressures

Growth has been pulling back sharply after a much better than expected start to the year

The Independent UK · Jul 16

UK economy returns to growth in May despite Iran pressures – with Andy Burnham warned over what’s next

The Office for National Statistics said gross domestic product rose by 0.1% in May, following a 0.1% contraction in April.

Evening Standard · Jul 16

UK economy eked out growth in May amid Iran war pressures

The Office for National Statistics said gross domestic product rose by 0.1% in May, following a 0.1% contraction in April.

The Guardian - UK · Jul 16

UK economy grew by 0.1% in May despite impact of Iran war

Rise in GDP follows a 0.1% decline in April, figures from the Office for National Statistics show

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Euronews · Jul 16

Europe Today: Middle East tensions rise as Europe deepens support for Ukraine

US strikes on Iran escalate tensions in the Middle East as fears grow over the Strait of Hormuz and global energy markets. In Kyiv, the EU and Ukraine deepen defence cooperation with a new drone partnership, while Europe debates its role in supporting Ukraine’s war effort.

Benzinga · Jul 16

Analyst Sees $4 Gas if Current Trends Continue, Warns Failure to Hit 9 Million Barrels Per Day Could Signal 'Demand Destruction'

Demand for gasoline in the U.S. could be falling as price volatility, fueled by ongoing escalations in the Middle East amid the U.S.-Israel and Iran war, poses challenges to the global oil supply chain.

The Economic Times · Jul 16

Rupee slips 6 paise to 96.31 against US dollar in early trade

The rupee weakened against the US dollar due to global crude oil volatility and a stronger greenback. Foreign institutional investor outflows continued to pressure the local currency in early trade. The West Asia crisis intensified with further strikes and retaliatory actions by Iran. Domestic equity markets opened positively, providing some…

The Independent UK · Jul 16

Oil prices lower despite US intensifying strikes against Iran

Asian shares are mostly lower and oil prices have fallen despite back-and-forth strikes between the US and Iran

The Economic Times · Jul 16

Oil is crude once again! Is $95 the new normal and what it means for Indian investors?

Crude oil prices are rising again due to escalating Middle East tensions. This surge impacts India's import costs and government finances significantly. Higher oil prices will likely pressure the Indian rupee and fuel inflation. Indian equity markets may experience a broad risk-off reaction. Sectors like aviation and logistics face increased…

Euronews · Jul 16

Why this summer's heatwaves could raise your supermarket bill next year

While food inflation has eased across the eurozone, economists say this summer's extreme heat is now a bigger threat to next year's supermarket prices than the recent Iran war, as damaged harvests could outweigh the fading impact of higher oil and fertiliser costs.

The Independent UK · Jul 16

Iran-US war latest: US marines board tanker in Strait of Hormuz as Trump’s latest strikes kill seven

Tehran warns it could close a second key oil route as it retaliates against American allies

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