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The Latest Breaking News from Iran

US launches strikes on Iran after 3 ships attacked in Strait of Hormuz; Bahrain and Kuwait targeted

The U.S. military has attacked Iran after it said Tehran struck three ships in the Strait of Hormuz

The Independent UK

US strikes ‘over 80’ Iranian targets after tankers hit in Strait of Hormuz

Following the strikes, Iran’s top negotiator Mohammad Bagher Ghalibaf accused the US of committing ‘major’ violations of the initial ceasefire deal.

The Independent UK

Trump says ceasefire with Tehran 'over' after US and Iran exchange fire

Washington initiated strikes on Iran overnight in response to cargo vessels being hit in the Strait of Hormuz. Tehran then launched its own attack targeting US bases in the Gulf.

Euronews

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Aussie shares pare losses as US, Iran trade air strikes

The ASX200 recovered from its heavy morning losses to finish the day down just 0.2 per cent despite Iran launching attacks on US bases in Bahrain and Kuwait.

AAP

Iraq's holy cities to host funeral processions for Ali Khamenei

Funeral processions for Iran's slain leader Ali Khamenei will pass through Iraq's holy cities. Ceremonies began Saturday in Iran and will include a dedicated day for neighboring Iraq. Iraqi officials received Khamenei's remains Tuesday night at Najaf international airport. Huge crowds are expected in Najaf and Karbala for the significant…

The Economic Times

Huge crowds flood Iraq’s holy cities for Khamenei funeral procession

The funeral procession of Iran's late supreme leader Ayatollah Ali Khamenei continued to draw massive crowds as it made its way through the holy cities of Iraq, home to some of the Shia faith's most sacred shrines. The six-day funeral ceremony will conclude on Thursday when Khamenei's body is returned…

France 24

Iranian President Masoud Pezeshkian leaves Iraq for Tehran after US strikes

US-Iran war news: Iranian President Masoud Pezeshkian departed Iraq after attending funeral rites for Ayatollah Ali Khamenei. US Central Command forces launched powerful strikes against Iran in response to vessel attacks. Explosions were reported near Sirik and Qeshm in southern Iran following these strikes. The US Treasury Department also cancelled…

The Economic Times

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Oil Price Today (July 8): Crude oil flares up over 5% as ‘powerful’ US strikes on Iran revive supply fears. What’s unfolding?

Brent crude futures climbed $1.62, or 2.16%, to $76 a barrel, while U.S. West Texas Intermediate crude gained $1.63, or 2.31%, to $72 a barrel. Both benchmarks had already advanced about 3% on Tuesday after the United States withdrew the general licence that had allowed the sale of Iranian crude…

The Economic Times

Watch: US unleashes massive 'punishment' strikes on Iran as Middle East tensions flare

The United States launched a major new wave of air strikes against Iran early Wednesday, targeting more than 80 military sites in what officials described as a direct response to Tehran's latest attacks on commercial shipping in the Strait of Hormuz.

The Times of India

Bitcoin Flat, Ethereum, XRP, Dogecoin Dip as US Strikes Iran: Analyst Spots Dollar-Cost Averaging 'Opportunity' in BTC

Leading cryptocurrencies and stocks fell on Tuesday after U.S. strikes on Iran and the revocation of the oil sanctions waiver rattled investors.

Benzinga

Gold eases as fresh US-Iran tensions lift oil prices, rate-hike bets

Gold prices fell to a near-weekly low as U.S. strikes on Iran boosted oil and the dollar. Higher interest rate expectations are pressuring the non-yielding precious metal. China's central bank reported its largest monthly gold reserve increase in over two years. Hong Kong authorities unveiled measures to bolster currency and…

The Economic Times

Indian Navy secures safe passage for crude tanker Omega Trader through Hormuz

India and the Indian Navy have secured the safe passage of the Omega Trader tanker. This vessel carries 23 crew members, including 15 Indian nationals, to Sikka in Gujarat. The development occurs amid heightened security concerns in the Strait of Hormuz region. Recent attacks on commercial vessels have escalated tensions…

The Economic Times

Strait of Hormuz Tensions Flare Again as US Strikes Iran Over Attack on Ships: Oil Climbs, Dow Futures Head Lower

Late Tuesday, U.S. military strikes on Iran renewed fears of a wider Middle East conflict, sending oil prices higher and weighing on equity futures as investors monitored the security of the Strait of Hormuz, one of the world’s most critical energy shipping routes.

Benzinga

Global Market Today: Oil rises, Asian stocks steady as US strikes Iran

Oil prices surged as the United States conducted airstrikes and revoked waivers for Iran. Asian stocks remained largely unchanged while investors assessed the geopolitical situation. S&P 500 and Nasdaq futures showed slight gains after earlier declines in US markets. Renewed tensions risk energy market disruptions and undermine the recent US-Iran…

The Economic Times

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The Guardian - UK

US and Iran threaten return to war after fiercest exchange of fire since truce

Ceasefire appears close to unravelling after three commercial vessels are hit and two militaries target each other

The Economic Times

Iran vows 'crushing response' after US strikes around Strait of Hormuz

Iran has vowed a crushing response to fresh United States attacks. State media reported multiple explosions across the Strait of Hormuz region. The United States revoked a temporary sanctions waiver on Iranian oil sales. Three commercial tankers were struck in the Strait of Hormuz. These incidents occurred off the coast…

The Economic Times

US reinstates sanctions on Iranian oil sales after LNG, oil tanker attacks

United States reimposed sanctions on Iranian oil sales Tuesday. This action followed attacks on vessels in the Strait of Hormuz. The U.S. Treasury had previously authorized sales until August 21. Tuesday's revocation shortens this wind-down period to July 17. Oil prices rose more than five percent after the announcement.

The Economic Times

US resumes strikes on Iran with over 80 targets hit; revokes oil waiver

United States forces launched strikes targeting over eighty Iranian military sites. These actions followed attacks on three commercial vessels near the Strait of Hormuz. Iran's foreign ministry issued a warning of retaliation for the military action. Washington also revoked an oil license which had allowed Iran to sell crude. Oil…

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The Economic Times

Dollar at week-high after US resumes attacks on Iran

The dollar reached its highest weekly level against peers amid renewed U.S. strikes on Iran. Geopolitical tensions escalated, and oil prices saw an increase following the attacks. Concerns over peace deal stability reemerged after Iran's actions in the Strait of Hormuz. Global yields jumped higher as inflation outlook worries intensified…

The Economic Times

US oil prices jump after US military launches strikes against Iran

U.S. oil prices increased significantly after military strikes against Iran. These actions followed Iranian attacks on three commercial vessels in the Strait of Hormuz. A Qatari liquefied natural gas tanker reported being struck by a drone. Maritime security sources indicated a Saudi-flagged crude oil tanker was also damaged. Fears of…

International Business Times UK

US Central Command Launches 'Powerful Strikes' on Iran After Attacks on Civilian-Crewed Commercial Ships

The US military launched strikes against Iran, targeting assets after attacks on shipping vessels, marking a significant escalation in the region and aiming to protect civilian-operated merchant paths.

International Business Times UK

'Back From the Dead': Mahmoud Ahmadinejad Stuns Crowd at Ali Khamenei's Funeral

Mahmoud Ahmadinejad shocks mourners with a surprise appearance at Ali Khamenei's funeral, ending months of speculation and reigniting debate over his political future.

The Independent UK

US launches fresh strikes against Iran after tankers hit in Strait of Hormuz

The attacks came just hours after Washington also pulled Tehran’s license to sell oil, which was only approved last month

Barchart

Cotton Extends Rally to Tuesday, Nearing Limit Gains

Cotton futures closed with contracts 99 to 299 points higher, with some contracts hitting the three cent limit at the high. The outside markets were mixed, as Crude oil was up $3.65 following Iran striking vessels in the Strait of Hormuz overnight. The US responded by revoking waivers authorizing Iran...

The Guardian - AU

Middle East crisis: Trump threatens US will hit Iran ‘hard again tonight’ after saying truce is over – as it happened

Iranian foreign ministry said earlier US and Israeli attacks had rendered interim accord to end war ‘ineffective’

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