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.
Iran has formally turned down a proposal from the United States for a 48-hour ceasefire, according to Al Jazeera, citing reports from the semi-official Fars news agency.
Oil and Natural Gas Corporation, India's largest oil producer, will sign an agreement with global steel tycoon L N Mittal on Saturday for jointly hunting for overseas oil properties and energy business.
