Crude oil prices experienced a significant drop following the announcement of a US-Iran ceasefire and the reopening of the Strait of Hormuz, leading to heavy selling by traders.
Iran's supreme leader Mojtaba Khamenei on Wednesday extolled the sacrifice and martyrdom of senior Iranian armed forces leaders as the conflict in West Asia enters into its second month.
The Indian rupee depreciated by 32 paise to close at 92.83 against the US dollar, influenced by escalating global tensions, particularly the US-Iran conflict, and the deadline for the RBI's instructions to banks to curb overnight positions.
Trump also praised Chinese President as "a great leader of a great country" and said the two sides had "already agreed to a lot of things."
It remains unclear whether United States President Donald Trump or Iranian authorities will pursue the offer.
Iran's football federation is in discussions with FIFA about moving their World Cup matches from the United States to Mexico due to concerns about the safety of their players, Iranian football president Mehdi Taj said.
After constantly threatening China with 100% plus tariffs, US President Donald John Trump was all chummy when he met Chinese President Xi Jinping at Gimhae international airport during the Asia-Pacific Economic Cooperation summit in Busan, South Korea, on Thursday, October 30, 2025.
Trump repeated the claim during a bilateral meeting in the Oval Office in the White House with visiting Crown Prince of Saudi Arabia Mohammed bin Salman.
The visas were granted to the five Iranian players after US President Donald Trump spoke to Australian Prime Minister Anthony Albanese following reports that the players had requested asylum.
White House Press Secretary Karoline Leavitt clarifies President Trump's stance on H-1B visas, emphasizing his priority for American workers while acknowledging the need for skilled foreign workers to train them in specialized industries.
'American stature has been reduced because they have not been able to achieve their aims.'
The United States Central Command (CENTCOM) has confirmed the implementation of a naval blockade on Iranian ports, enforcing strict measures on vessels entering or departing, significantly escalating tensions between the two nations.
External Affairs Minister S Jaishankar has emphasised India's commitment to safe maritime transit and condemned attacks on merchant shipping amidst the ongoing West Asia conflict and global energy market disruptions.
Iran is fighting a different war: Older, slower, and in some ways more dangerous. Iran doesn't need to shoot down an F/A-18. It only needs to make the Strait of Hormuz feel dangerous long enough for insurance markets, shipping companies, and oil futures traders to do the rest. Prem Panicker continues his must-read daily blog on the war in the Middle East.
'India should understand that we are not going to make the same mistakes with India that we made with China 20 years ago.'
US Vice President J D Vance stated that while progress was made during peace talks in Islamabad, it is now up to Iran to further the discussions and address US concerns regarding its nuclear ambitions.
White House Press Secretary Karoline Leavitt said that Trump feels "very positive and strongly" about the future of India-US relationship.
On Saturday, April 11, 2026, Pakistan is set to host crucial US-Iran talks aimed at solidifying a fragile ceasefire and de-escalating tensions in the Middle East.
The embassy also said that the exit must be undertaken in coordination with the mission.
Alliances fight wars effectively only when they share an endgame. If Israel acted without US knowledge, then the military alliance is operating without real coordination at the level of strategic targeting. Neither picture is reassuring in a war that is no longer regional in its consequences. Prem Panicker continues his must read daily blog on the Gulf War.
Iran has confirmed its participation in peace talks hosted by Pakistan, aimed at resolving the conflict with the US and Israel, despite concerns over ceasefire violations.
United States President Donald Trump said that China 'knows the consequences' if it attacks Taiwan, asserting that Chinese President Xi Jinping understands the situation 'very well'.
Israel wishes to continue its bombing campaign until Iran's military and industrial infrastructure are degraded to a point where it ceases to pose a threat to Israel. Iran, for its part, has learnt from its experience in the 12-day war of last June. Any ceasefire, it believes, will only be a prelude to another attack on itself. It is determined to convey that any attack on Iran will impose heavy costs on Israel, the US, America's allies in the Gulf -- and on the world at large, points out T T Ram Mohan.
The Trump administration said it will conduct a "rigorous" re-examination of all Green Cards issued to immigrants from "every country of concern".
Iran cannot participate in the 2026 World Cup after co-host the US launched airstrikes alongside Israel, Sports Minister Ahmad Donyamali said on Wednesday.
India and the United States are committed to finalising an interim trade agreement, despite recent challenges including the US imposing a blanket 10 per cent surcharge and India's decision to wait for a new global tariff architecture. The US Trade Representative's annual report highlights India's maintained high import tariffs and various non-tariff barriers across several sectors.
Rahul Gandhi accuses Narendra Modi of remaining silent on the Sabarimala issue to protect the interests of the Left Democratic Front (LDF) in Kerala, alleging a hidden alliance between the BJP and LDF.
According to the Pentagon, the vessels were targeted as part of efforts to prevent the deployment of naval mines in the strategically vital passage through which a significant portion of global crude oil shipments transits.
Amidst the stalling of high-level peace talks between Tehran and Washington, Iran continues to endure severe digital isolation as the nationwide internet blackout reached its 44th day on Sunday.
The diplomatic intervention follows various media reports which attributed comments to Iranian lawmaker Alaeddin Boroujerdi, suggesting that merchant vessels were being charged USD 2 million for safe passage through the "conflict-hit Hormuz."
The urgency for a resolution is underscored by the military situation, as joint operations by Israel and the US have consistently been "targeting Iran's missile systems, launch sites and other critical infrastructure" since the onset of the conflict.
The Trump administration has announced a temporary authorisation for countries to purchase Russian oil stranded at sea, aiming to stabilise global energy markets amid rising oil prices and tensions with Iran.
After the US Supreme Court struck down President Donald Trump's global tariffs, Congress leader Rahul Gandhi accused Prime Minister Narendra Modi of being "compromised", saying his "betrayal" in the India-US interim trade deal stood exposed.
The Indian rupee weakened against the US dollar due to a strengthening dollar, high crude oil prices, and foreign fund outflows amid geopolitical uncertainties.
The US President said that companies have to bring people to "get those plants opened, we want you to do that, and we want those people to teach our people how to make computer chips and how to make other things."
Congress leader Shashi Tharoor praised the cordial meeting between Donald Trump and Zohran Mamdani, while the BJP hopes Rahul Gandhi learns from it.
'In such a scenario, Iran could proclaim itself victor, rebuild, re-enforce its diminished regional proxies to further destabilise neighbouring nations and take control of the Persian Gulf and Strait of Hormuz.'
The Iranian embassy also posted a video purportedly showing the aftermath of the strike, with plumes of smoke visible.
Gold prices experienced a significant decline in futures trading due to uncertainty surrounding geopolitical tensions in West Asia and conflicting statements regarding the conflict. Investors are also awaiting key macroeconomic data for further direction on interest rate cuts.
Pakistan is playing a key role in facilitating talks between the US and Iran, but the future of these negotiations remains uncertain. Despite ongoing diplomatic efforts, no dates have been set for a second round of discussions.
