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The Latest Breaking News from Iran

Shares drop and oil surges as US, Iran trade strikes

Miners, banks and IT stocks have dragged on the local bourse as renewed hostilities in the Persian Gulf rattle an already fragile US-Iran ceasefire.

AAP

AAP Rolling News Bulletin May 28, 1300

AAP Rolling News Bulletin for May 28 at 1300

AAP

Gold hits two-month low as fresh US-Iran strikes fuel inflation fears, hurt peace hopes

Gold prices fell to a two-month low on Thursday. This happened after new U.S. strikes in Iran boosted the dollar and oil prices. Concerns about inflation and interest rates increased. Spot gold dropped to $4,406.81 per ounce. Other precious metals also saw declines. Investors are now watching U.S. economic data…

The Economic Times

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'War left regime desperate for cash': US sanctions authority overseeing Strait of Hormuz as Middle East conflict enters 90th day

The US has imposed fresh sanctions on Iran's new Strait of Hormuz authority, escalating economic pressure. This follows US strikes on Iranian military sites after drone downings. The sanctions target the agency regulating transit and charging tolls, impacting global oil and gas supplies. Negotiations for a war-ending deal continue amidst…

The Times of India

AAP Rolling News Bulletin May 28, 1230

AAP Rolling News Bulletin for May 28 at 1230

AAP

Has war resumed? US launches fresh strikes on Iran; Kuwait intercepts missiles, drones — what we know so far

The US military carried out fresh strikes in Iran on Wednesday, shooting down four Iranian drones and hitting a control centre in the southern port city of Bandar Abbas, even as Washington and Tehran continue negotiations to end their three-month conflict.

The Times of India

Stocks retreat from record highs as Gulf tensions flare

News of fresh US military strikes in Iran has taken the steam out of the tech-driven bull run in Asia, while oil prices have rebounded.

AAP

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Trump’s bind deepens with Hormuz shut and hawks pushing war

President Trump faces pressure from Iran's demands for financial relief and Republican hawks urging a decisive end to the conflict. This has led to fluctuating promises of a deal and threats of renewed military action, complicating efforts to resolve the ongoing war and open the Strait of Hormuz.

The Economic Times

AAP Rolling News Bulletin May 28, 1200

AAP Rolling News Bulletin for May 28 at 1200

AAP

Dollar near one-week high as US-Iran tensions flare, yen nears intervention zone

The dollar strengthened near a one-week peak. New U.S. strikes in Iran have complicated peace talks. Oil prices rebounded as hopes for a quick resolution faded. Investors anticipate the dollar to rise further. The yen weakened significantly, nearing a level that previously prompted central bank intervention. Markets await key U.S.…

The Economic Times

Gold eases as US-Iran tensions cloud interest rate outlook

Gold prices dipped as escalating U.S.-Iran tensions fueled oil price surges, sparking inflation worries and casting a shadow over the Federal Reserve's interest rate decisions. Investors are now keenly awaiting crucial U.S. economic data for further policy direction. Meanwhile, other precious metals like silver, platinum, and palladium also experienced declines.

The Economic Times

Trump says he can outwait Iran, dismisses midterm election pressure

President Donald Trump expressed no concern over a prolonged conflict with Iran. He believes Iranian leaders wrongly assumed the November midterm elections would compel him to reach a deal. Trump dismissed the idea of being pressured by the midterms. He also highlighted a recent primary election win as a preview…

The Economic Times

Global Market Today: Asian stocks slip from record highs, oil gains

Asian equities retreated from record highs as conflicting signals from the US and Iran on a potential peace deal emerged. Crude oil prices surged as the Strait of Hormuz remained disrupted. The dollar strengthened and Treasuries dropped as sentiment soured following US strikes and White House skepticism about negotiations.

The Economic Times

US imposes sanctions on Iranian agency trying to control shipping in the Strait of Hormuz

The Trump administration imposed new sanctions on Iran's newly formed agency controlling shipping through the Strait of Hormuz. This economic pressure campaign aims to force Iran into an agreement to end the war and reopen the vital waterway. The move follows rising energy prices and ongoing diplomatic efforts to resolve…

The Economic Times

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The Independent UK

US military conducts another strike against Iran

IN FULL

AAP

AAP Rolling News Bulletin May 28, 1130

AAP Rolling News Bulletin for May 28 at 1130

France 24

Middle East war live: Iran and US agree ceasefire deal framework, but still need Trump’s approval

US and Iranian negotiators have agreed on a framework for a 60-day ceasefire extension deal but it still needs President Donald Trump's approval, US sources told AFP on Thursday, confirming a report by US site Axios. Neither Trump nor Tehran have confirmed the information. Follow our liveblog for all the…

The Economic Times

Oil rebounds after news of US strikes on Iranian military site

Oil prices surged today following reports of new U.S. strikes on an Iranian military site. This escalation comes as Washington and Tehran are in negotiations to end their conflict. Brent crude futures and U.S. West Texas Intermediate futures saw significant gains. U.S. crude oil stockpiles also fell for the sixth…

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The Guardian - US

Trump news at a glance: president lobs accusation at Iran and threat at Oman with peace talks in limbo

Trump claims Iran intends to wait until US midterm elections in the hope of getting better deal – key US politics stories from Wednesday, 27 May

The Independent UK

US launches new strikes on Iran days after targeting missile sites and mine-laying boats, officials say

The strikes were aimed at a military site believed to have posed a threat to U.S. forces and commercial traffic in the Strait of Hormuz, according to one official

AAP

AAP Rolling News Bulletin May 28, 1100

AAP Rolling News Bulletin for May 28 at 1100

The Economic Times

US, UK firms boost currency hedging as war sparks volatility

American and British companies significantly boosted currency hedging last quarter. This move came as global markets faced turbulence. Events like the war in Iran and energy price surges prompted treasurers to protect more foreign-exchange exposure. This proactive approach reflects a response to heightened market volatility. Companies cited higher import costs…

The Economic Times

US carries out new strikes in Iran against military site, official says

Overnight, the U.S. military launched new strikes in Iran targeting a military site deemed a threat to American forces and maritime traffic in the Strait of Hormuz. Multiple Iranian drones posing similar dangers were also intercepted and downed. These actions follow recent defensive strikes and occur amidst ongoing peace negotiations…

AAP

AAP Rolling News Bulletin May 28, 1030

AAP Rolling News Bulletin for May 28 at 1030

AAP

AAP Rolling News Bulletin May 28, 1000

AAP Rolling News Bulletin for May 28 at 1000

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