Indian benchmark indices Sensex and Nifty climbed in early trade, driven by a significant drop in crude oil prices following reports of a potential 60-day ceasefire extension between the US and Iran, coupled with positive global market trends and buying in IT stocks.
Iran launched retaliatory military strikes targeting Israel and American military bases across the region, including in Qatar, the United Arab Emirates, Kuwait, Bahrain and Jordan.
The Israeli Finance Ministry has warned that the ongoing war with Iran could cost Israel an estimated NIS 9.4 billion (USD 3 billion approximately) per week under current restrictions on economic activities.
Pakistan has significantly increased the price of high-octane fuel, impacting luxury vehicle owners, while also seeing increases in petrol, diesel, and airline fares due to rising global oil prices.
Domestic institutional investors (DIIs), driven by the popularity of mutual funds, have emerged as significant stabilising forces for Indian capital markets amidst global volatility and foreign portfolio investment (FPI) outflows, according to Sebi whole-time member Amarjeet Singh.
Foreign Portfolio Investors (FPIs) withdrew Rs 49,340 crore (USD 5.16 billion) from Indian equities in June, driven by global risk aversion, a preference for developed markets, soaring US bond yields, and stretched domestic valuations, bringing total withdrawals to Rs 2.7 lakh crore so far in 2026.
Two youths from Rajasthan were killed in drone attacks in Oman amid the ongoing conflict involving the United States, Israel and Iran.
Morocco's impressive rise in global football is uniquely funded by its vast phosphate reserves, with the state-owned OCP Group investing heavily in national team development. This strategic investment, driven by a royal directive, supports training academies and infrastructure, contributing to the nation's recent successes like reaching the 2022 World Cup semi-finals and hosting the 2025 Africa Cup of Nations. The country's abundant phosphate resources provide a stable economic base for these ambitious sporting endeavours.
Tensions escalate at the UN Security Council as the US and Israel defend their military actions against Iran, while Iran condemns the strikes as war crimes, raising fears of a wider Middle East conflict.
Indian benchmark indices Sensex and Nifty closed lower, snapping a two-day rally, as a spike in crude oil prices, triggered by reports of fresh US military operations in southern Iran, dampened investor sentiment and reignited fears of renewed energy supply disruptions.
US President Donald Trump stated that Iran is eager to make a deal and predicted a sharp decline in oil prices due to abundant supply, amidst a Senate resolution to limit his war powers in Iran.
US President Donald Trump said on Thursday the Iranian men's national soccer team was welcome to participate in the 2026 World Cup but that he believed it was not appropriate that they be there "for their own life and safety."
Iran is observing 40 days of public mourning following the death of Ayatollah Ali Khamenei, Reuters reported, citing Iranian state media.
Belgium have their full squad available for the Round of 32 match against Senegal but are not taking Senegal for granted, said coach Rudy Garcia.
Senegal coach Pape Bouna Thiaw expressed confidence in his team's ability to overcome their group-stage struggles as they prepare to face Belgium in the World Cup round of 32. Despite a shaky start with two losses, Senegal qualified as a best third-placed team after a decisive win against Iraq. Thiaw emphasised that the knockout phase is a fresh start, dismissing past results and individual errors, while also confirming goalkeeper Edouard Mendy's injury and temporary absence from play.
Despite the escalation in US military action, the War Secretary noted that Iran's missile response has declined in the last 24 hours.
US Secretary of State Marco Rubio met with Pakistan's Foreign Minister Ishaq Dar amid American demand that countries mediating the peace talks with Iran join the Abraham Accords and establish diplomatic and economic ties with Israel.
India significantly increased its crude oil imports from Russia and the United Arab Emirates in June, securing supplies as the Strait of Hormuz began to reopen, with Russian barrels remaining attractive due to discounts and UAE supplies offsetting earlier uncertainties.
India has expressed firm opposition to attacks on merchant shipping amidst the ongoing Iran conflict, revealing that several Indian nationals have died or are missing due to these incidents. The nation also called for restraint, de-escalation, and prioritising civilian safety in the region.
The IRGC also warned residents to evacuate areas near military bases, security centres and government facilities.
The US has reportedly depleted nearly half of its advanced missile-defence interceptors while defending Israel during recent hostilities with Iran, raising concerns about future readiness.
US President Donald Trump and Russian President Vladimir Putin discussed the Iran conflict and its impact on global energy supplies during a phone call.
Prime Minister Narendra Modi will chair a meeting of the Cabinet Committee of Security (CCS) in Delhi to discuss the global situation following the attack on Iran and the killing of Iranian Supreme Leader Ayatollah Ali Khamenei.
The government has withdrawn most provisions of the emergency natural gas supply regulation order imposed during the West Asia conflict after liquefied natural gas (LNG) shipments through the Strait of Hormuz resumed following a ceasefire.
Indian markets on Dalal Street rallied sharply as easing tensions in the US-Iran conflict and stable oil prices boosted sentiment. Track Nifty 50 and BSE Sensex performance and key global triggers.
External Affairs Minister S Jaishankar addressed the Rajya Sabha on India's position regarding the escalating conflict in West Asia, emphasising the need for peace, dialogue, and the safety of civilians, while also prioritising India's energy security and trade interests.
Kerala Chief Minister Pinarayi Vijayan has expressed concern over the situation in the Gulf region following the US-Israel attack on Iran and has urged the central government to take necessary steps to ensure the safety of Indian nationals residing there.
US Secretary of State Marco Rubio stated that significant progress has been made in negotiations with Iran to reopen the Strait of Hormuz, a critical global shipping lane. However, President Donald Trump remains cautious, vowing not to accept a 'bad deal' regarding Iran's nuclear programme and regional stability.
Indian benchmark stock indices, Sensex and Nifty, recorded their fourth consecutive day of declines, driven by selling in FMCG, financial, and auto sectors. The downturn is attributed to fresh tensions in the Middle East, uncertainty surrounding the US-Iran 60-day ceasefire, and elevated crude oil prices.
The Centre on Monday informed the Supreme Court that the Central Board of Secondary Examination has come up with a new policy for the evaluation of private students, who were affected by the cancellation of Class XII board examination in Gulf countries due to the recent Iran-US war.
Indian markets on Dalal Street rallied sharply as easing tensions in the US-Iran conflict and stable oil prices boosted sentiment. Track Nifty 50 and BSE Sensex performance and key global triggers.
An Indian national was killed and several others injured in a drone attack on Kuwait International Airport, leading to the suspension of air traffic and significant damage. This incident marks the tenth Indian fatality since hostilities between the US and Iran began in February, with other Indians also affected by regional conflicts in UAE, Saudi Arabia, and Oman.
US forces have launched search and rescue efforts for a US fighter jet, which several news outlets, including the Wall Street Journal and CNN, said had been shot down over Iran.
People in Iran have taken to the streets as daily life has become increasingly difficult. Rising prices of food, fuel and basic necessities, job scarcity, and the falling value of money have fuelled wider anger and anti-government unrest in the capital Tehran and other Iranian cities.
American Grandmaster Hikaru Nakamura has criticised the International Chess Federation (FIDE) for its stringent anti-cheating measures at the Candidates Tournament in Cyprus.
British Prime Minister Keir Starmer has called for a negotiated settlement with Iran and deployed additional fighter jets to West Asia to strengthen the UK's defensive operations.
Trump's phone calls with Netanyahu came after Iran threatened to end the negotiations with the US over Israel's attacks on Lebanon. Netanyahu had said Israel would hit "terror targets" in Beirut if Hezbollah did not stop attacking Israel.
With Gulf countries emerging as popular destinations for Indian weddings and pre-wedding shoots, the March-April season had seen a flurry of bookings.
Prime Minister Narendra Modi spoke with the King of Bahrain and the Crown Prince of Saudi Arabia, condemning recent attacks on both countries and emphasising the importance of regional peace and stability.
The British government has called for a negotiated solution to prevent further escalation of conflict in the Middle East following joint strikes by the US and Israel on Iran, emphasizing the safety of UK nationals and the need to prevent Iran from developing nuclear weapons.
