Crude oil prices have surged to record highs due to escalating tensions between the US and Iran, raising concerns about supply disruptions and market volatility.
The big question is whether Trump is any longer in command of the situation. For all practical purposes, the war seems set to cascade as the US is preparing for a potential ground operation in Iran and threatens to destroy 'bridges next, then electric power plants', points out Ambassador M K Bhadrakumar.
The Indian rupee gained 2 paise to settle at 93.33 against the US dollar, driven by positive sentiment in domestic equity markets and renewed hopes for US-Iran talks, despite rising WPI and CPI inflation.
Pakistan is actively engaged in diplomatic efforts to facilitate negotiations between the US and Iran, with hopes of hosting a second round of talks in Islamabad.
Reacting to remarks by the Premier of Greenland expressing a 'preference to remain with Denmark' over the United States, US President Donald Trump on Tuesday dismissed the statement and warned that it could create 'a big problem' for the latter.
'It was diminishing even before Trump came to power.' 'The US was at the centre of the global economy. That position is going to become less and less important and less central.'
Cameron Young leads the Cadillac Championship, while Indian golfers Akshay Bhatia and Sudarshan Yellamaraju faced challenges in the second round.
A social media post by Shehbaz Sharif has triggered widespread debate after an apparent 'draft' message was mistakenly published on X and later edited.
United States President Donald Trump reiterated the claims of having to do 'something' about Greenland, saying that if US doesn't take any action, Russia and China would spring in and that Washington, DC does not want to have them as neighbours.
The Indian rupee saw a significant appreciation against the US dollar following President Trump's suspension of military strikes against Iran and the Reserve Bank of India's decision to maintain its key interest rate. Market sentiment was further buoyed by positive comments from the RBI regarding the health of the banking sector.
'Pakistan has pitched Islamabad as a possible venue for talks as early as this week involving senior figures from the Trump administration and Iran,' the Financial Times reported.
'On behalf of the Islamic Republic of Iran, I express gratitude and appreciation for my dear brothers HE Prime Minister of Pakistan Sharif and HE Field Marshal Munir for their tireless efforts to end the war in the region.'
Indian-American golfer Sahith Theegala began the Cadillac Championship with a 3-under 69, placing him in the top 10, while Cameron Young leads the field with an impressive 64.
Sahith Theegala and Akshay Bhatia are set to compete at the Cadillac Championship, held at the Trump National Doral Golf Club. The tournament, a USD 20m Signature Event, features a strong field, though Rory McIlroy will be absent.
'Incidentally, Prime Minister (Modi) and President Trump have also spoken on the phone on eight occasions during 2025, covering different aspects of our wide-ranging partnership'
The ceasefire is still technically holding, to the extent that no overt hostilities have been reported yet, but the rhetoric has hardened dangerously. The week ahead will also clarify whether the Islamabad failure was a negotiating tactic or whether Washington has genuinely locked itself into a position from which the only exits are climb-down, escalation, or the slow bleed of a new status quo that nobody chose and nobody controls. Prem Panicker continues his must read blog on the Iran War.
The White House has responded cautiously to reports of Pakistan offering to mediate between the US and Iran, amid ongoing tensions and potential talks.
The cost of the war is being counted not in the corridors of power in Washington or Tehran, but in Firozabad's darkened furnace rooms, Howrah's idle casting sheds, and a barbershop in Kochi where the wait is suddenly, inexplicably, an hour long, notes Prem Panicker in his must read blog on the Iran War.
United States President Donald Trump on Tuesday boasted about India-US defence cooperation, claiming that India's order for 68 Apache attack helicopters was delayed by five years and that Prime Minister Narendra Modi personally raised concerns over the long delivery period during a meeting with him.
Global energy markets saw a significant correction as oil prices nosedived following Iran's announcement that the Strait of Hormuz has been fully reopened, dismantling the 'war-risk' premium that had gripped the market.
He added that current measures, including an oil quarantine and large naval deployments, are aimed at pressuring the Venezuelan regime.
United States President Donald Trump held a New Year bash at his Florida resort on Thursday and when he was quizzed about his wish for the New Year he said he wanted peace on Earth, reported Fox News.
Pakistan's Prime Minister Shehbaz Sharif has welcomed the ceasefire between the US and Iran and invited delegations from both countries to Islamabad for peace negotiations.
Following a US agreement to a ceasefire, Iran claims victory and outlines conditions for a lasting peace deal, including control over the Strait of Hormuz and the removal of sanctions.
Pakistan's Defence Minister Khawaja Asif has indicated that further Iran-US negotiations are anticipated soon, following talks in Pakistan. Despite initial optimism, the previous round of negotiations did not result in a lasting peace agreement.
Delhi Capitals struggled with the bat at home, posting a below-par 155 for seven against Chennai Super Kings in their IPL match. The home team batters failed to apply themselves on a pitch offering assistance to the spinners.
The United States and Iran, with regional mediators, are reportedly discussing a potential 45-day ceasefire to prevent further escalation of conflict, including strikes on Iranian infrastructure and retaliation against Gulf states' facilities.
He said that the US is financially and from a national security standpoint 'far stronger' and more respected than ever before because of tariffs.
Russian Foreign Minister Sergei Lavrov will visit Beijing to discuss the West Asia conflict, the Strait of Hormuz blockade, and bilateral relations with Chinese leaders.
The Congress party has criticised Prime Minister Narendra Modi's diplomatic efforts following the ceasefire agreement between the US and Iran, facilitated in part by Pakistan. The party claims this development undermines Modi's strategy and exposes his perceived failures in foreign policy.
The American warship stopped the tanker "after it attempted to sail to an Iranian port," according to a statement released by CENTCOM.
'At the first sign of real trouble, that money will move. There will be a run.'
During the meeting, Zelenskyy said he pressed for long-term security guarantees extending over the next 50 years and clarified that any engagement with Russia would only be possible if President Trump and European leaders reached consensus on formalised documents.
United States President Donald Trump ignited controversy after making sharp and unprecedented remarks about Colombia during a brief exchange with reporters.
United States President Donald Trump on Sunday said a peace agreement to end the Russia-Ukraine war is getting 'very close', after a high-level meeting with Ukrainian President Volodymyr Zelenskyy at his Mar-a-Lago resort in Florida.
Trump's remarks came amid heightened US messaging about the Iran situation and a series of White House statements indicating that multiple options remain under review.
Iran has formally appealed to the United Nations Security Council and the UN Secretary-General, accusing the United States of inciting violence, interfering in Iran's internal affairs, and threatening military action, according to an official letter circulated by Iran's Permanent Mission to the UN.
The Supreme Court has dismissed activist Umar Khalid's plea seeking a review of a verdict denying him bail in connection with the 2020 Delhi riots conspiracy case.
The 'rescue' operation occurred within kilometres of Iran's underground tunnel complex at Isfahan, assessed by the IAEA and US intelligence as holding a substantial portion of the country's 60 per cent enriched uranium stockpile. Retired senior US military officers have highlighted that the mission's footprint -- hundreds of special operators, multiple heavy-lift aircraft deep inside Iran -- appears outsized for recovering a single airman. Prem Panicker continues his must read blog on the Iran War.
Iran has submitted a fresh proposal to regional intermediaries offering to cease its military operations in the Strait of Hormuz, contingent upon a complete cessation of hostilities and the removal of the US blockade on Iranian maritime hubs.
