The Latest Breaking News from Iran

Iran rejects US-led Gulf security summit, says Hormuz is under its command

Iran has sharply criticized a US-led security summit in Bahrain, asserting that the Strait of Hormuz falls under Tehran's command, not American authority. Deputy Foreign Minister Kazem Gharibabadi dismissed the summit's legitimacy, stating that regional security must be managed by neighboring states without foreign military intervention. The meeting, attended by…

The Economic Times · Jul 2

Sensex jumps 580 points, Nifty closes above 24,150 as IT stocks outperform; oil prices near $70/barrel

Indian equity benchmarks rallied over 0.7% as easing crude oil prices, lower market volatility, and gains in IT stocks lifted sentiment. Analysts expect the market to remain supported by global macro developments, the India–Japan Summit, US jobs data and the upcoming corporate earnings season.

The Economic Times · Jul 2

Iran warns US, Israel against attacks ahead of Khamenei’s funeral

Iran on Thursday warned ​the US and Israel against ​any attack against the country as it prepares for the state funeral of Ayatollah Ali Khamenei, who was ​killed ‌in an Israeli strikes on the first day ⁠of the war. Funeral commemorations begin ‌on July 4 in Tehran and conclude on…

France 24 · Jul 2

Oil Price Today (July 2): Crude oil at $70, falls for 2nd session as US-Iran talks progress. Worst over?

Brent crude futures fell 80 cents, or 1.09%, to $70.80 a barrel, while U.S. West Texas Intermediate crude declined 90 cents, or 1.28%, to $67.75 a barrel. In the previous session, both benchmarks had dropped more than 1%, settling at their lowest levels in four months.

The Economic Times · Jul 2

Oil falls after US, Iran talks conclude in Doha

Oil prices dipped as Qatar reported positive progress in indirect Iran-U.S. talks concerning the vital Strait of Hormuz. Despite recent exchanges, tanker traffic is recovering, with U.S. officials noting a return to pre-war levels. This, coupled with anticipated OPEC+ output hikes and a smaller-than-expected draw in U.S. crude inventories, is…

The Economic Times · Jul 2

‘Positive progress’ in US-Iran talks despite Strait of Hormuz strikes

Donald Trump claims ship numbers using a vital waterway is ‘setting records’, but this is not reflected by maritime monitoring.

Evening Standard · Jul 2

US-Iran talks end without breakthrough as Tehran's nuclear prowess stays off the table

Indirect talks between Iran and the US concluded without significant progress on lasting peace, focusing instead on resolved issues like maritime traffic in the Strait of Hormuz and unfreezing funds. While President Trump expressed optimism about nuclear program discussions, sources indicated this topic wasn't addressed. The next meeting is scheduled…

The Economic Times · Jul 2

Diesel prices fall by record amounts as Iran crisis eases

The cost of oil, which is a major influence on fuel prices, fell below pre-crisis levels for the first time since the war started on February 28

The Independent UK · Jul 1

Iran War Fallout Set to Deepen China's Grip on Global Renewable Energy Supply

The US-Iran conflict accelerates the global shift from fossil fuels, with China emerging as a major beneficiary due to its dominance in renewable energy production and infrastructure.

International Business Times UK · Jul 1

Trade group: Jet fuel prices likely to remain elevated

Despite optimism around the US-Iran ceasefire and the reopening of the Strait of Hormuz, it will take time for jet fuel prices to return to pre-crisis levels and airfares could remain high for longer than passengers expect, says the International Air Transport Association (IATA).

Bangkok Post · Jul 1