Indian information technology (IT) stocks, led by Infosys, experienced a significant selloff, dragging the Nifty to a two-month low, primarily due to escalating West Asian tensions pushing crude oil prices higher, and concerns over upcoming large IPOs diverting funds from secondary markets. The sector is also grappling with the long-term implications of AI disruption.
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.
Russian President Vladimir Putin has offered his support to help bring peace to West Asia, praising the Iranian people for their resilience. This comes as Iran seeks to resolve the conflict with the US, following discussions with Pakistani and Omani leadership.
US President Donald Trump has shared an article suggesting that the option of enforcing a naval blockade was available in the context of Iran, as peace talks ended in a stalemate in Islamabad after differences of opinion arose between the two parties on the Strait of Hormuz and Iran's nuclear capacities.
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.
Trump added that the United States would assist in managing the traffic buildup in the Strait of Hormuz.
Donald Trump has strongly refuted claims of a munitions shortage and denied any confrontation with Defence Secretary Pete Hegseth, labelling the reports as "fake news" and asserting the nation's robust military production capabilities.
Indian benchmark equity indices, the Sensex and Nifty, bounced back significantly, with the Sensex climbing 628 points and the Nifty snapping its seven-day losing streak, driven by easing global bond yields and fresh foreign fund inflows.
Passenger traffic Y-o-Y fell 26.8 per cent in April and 24.6 per cent in May, while capacity declined 9.6 per cent and 11.3 per cent, respectively.
Lapid said the Israeli military carried out everything that was asked of it, but Netanyahu failed politically and strategically.
US President Donald Trump threatened to bomb Iran if a deal is not reached before the ceasefire ends, while Pakistan urged both sides to extend the truce and pursue diplomacy.
Bangladesh Cricket Board President Tamim Iqbal remains optimistic about a white-ball series against India, despite the originally planned September window being missed. He confirmed that both boards are actively seeking a suitable time, highlighting positive intentions from both sides. Iqbal also reflected on past tensions, including Bangladesh's withdrawal from the 2025 ODI World Cup, acknowledging that negotiations could have been handled better.
Iran has denied sending a delegation to Islamabad for peace talks with the United States, contradicting Pakistan's claims of mediating the negotiations. The denial highlights a lack of confidence in Pakistan's ability to ensure security for high-level participants and underscores the fragile nature of diplomatic efforts between the US and Iran.
Iran's Foreign Ministry has denied reports of planned talks with the United States during a visit to Islamabad, Pakistan, despite US envoys also visiting the region.
The purge in Washington does not pause the war. Strikes continue, Hormuz remains closed, and Brent crude is still dancing around $109 a barrel. For India, the command chaos in the Pentagon is another layer of uncertainty piled on five weeks of conflict that was already straining every buffer Delhi has.
The Centre has spent 28 per cent of its FY27 capital expenditure budget of Rs 12.21 trillion in the first three months against around 24.5 per cent during the corresponding period a year ago.
Despite a ceasefire extension, Iran has rejected the United States' conditions for negotiations, creating uncertainty in ongoing diplomatic efforts.
The escalating crisis in West Asia and its impact on the global energy supply chain are expected to dominate deliberations at a two-day meeting of BRICS foreign ministers to be hosted by India.
Indian benchmark indices Sensex and Nifty saw declines in early trade, primarily due to elevated crude oil prices stemming from the unresolved geopolitical situation in the Strait of Hormuz. Analysts suggest that while global sentiment improved slightly after a benign US inflation report, the ongoing US-Iran standoff continues to exert pressure on domestic equities. Track Sensex, Nifty on August 13.
Although extensive air attacks have been carried out to destroy most of Iran's defence capabilities, the latter's resilience and sustenance during the war clearly indicate that the US landing force would encounter severe resistance in the operation, explains Commodore Venugopal Vengalil (retd).
Iranian Foreign Minister Seyed Abbas Araghchi has warned the United States that Iran is ready to confront American troops if the US launches a ground invasion, calling such a move a potential 'big disaster' for Washington.
Iran has asserted that maritime movement through the Strait of Hormuz will be strictly controlled by Tehran, stating that passage will be allowed only through designated routes and under Iranian approval.
Conflicting reports emerge regarding the effectiveness of the US blockade on Iranian ports, with Iran claiming successful transit of vessels and the US asserting complete maritime dominance.
Iran's participation in the upcoming FIFA World Cup is uncertain as the government awaits FIFA's response regarding their request to relocate matches from the United States to Mexico due to security concerns.
India has advised its citizens residing in Iran to leave the country due to the evolving security situation, including protests and fears of potential US military action.
Tensions escalate between Iran and the US following an attack on an Iranian commercial vessel in the Sea of Oman, with both sides trading accusations over maritime security and ceasefire violations.
A spokesperson for the Central Khatam al-Anbiya Headquarters said that Iran's armed forces are prepared to intensify their response if aggression continues.
The Iranian Foreign Ministry has stated that Tehran currently has no plans for a subsequent round of negotiations with the United States, according to the state media Tasnim news agency. This announcement comes as international mediators had hoped for a follow-up to the Islamabad talks before the looming ceasefire deadline.
US President Donald Trump is inclined to reject Iran's latest diplomatic proposal, which suggests restoring maritime traffic through the Strait of Hormuz while deferring nuclear programme concerns, according to CNN. Concerns remain over Iran's nuclear enrichment and internal government fractures.
By all available indications, the White House drafted a face-saving note and handed it, ready-made, to Islamabad. Pakistani Prime Minister Shehbaz Sharif was supposed to then post it in the guise of a plea urging Trump to extend the deadline by two weeks 'to allow diplomacy to run its course'. Trump would then graciously accept Pakistan's 'request' and declare a ceasefire. Sharif dutifully posted the message on X. Except that he, or whoever was handling the account, forgot to delete the tell-tale first line visible in the edit history: 'Draft - Pakistan's PM Message on X'. Prem Panicker's must read blog on the Iran War.
Analysts predict that the Reserve Bank of India's interest rate decision, the evolving situation in West Asia involving the US-Iran conflict, and crude oil prices will be the primary factors influencing investor sentiment in the Indian stock market this week.
US President Donald Trump has stated that the war with Iran is "close to over," while the US Central Command reports blocking traffic to Iranian ports.
US Vice President J D Vance is expected to travel to Islamabad for peace talks with Iran to end the seven-week war, amid a fragile ceasefire and ongoing tensions.
Talks between Iran and the US in Pakistan concluded without a deal due to disagreements over key issues, including Iran's nuclear programme and sanctions, despite efforts to find common ground.
The statement comes even as Tehran links the issue to ongoing efforts to bring a complete end to hostilities in West Asia involving the United States and Israel.
The harsh truth is that the US is no longer a reliable partner, cautions Ramesh Menon.
US Vice President JD Vance's visit to Islamabad for peace talks with Iran has been put on hold after Tehran failed to respond to American negotiating positions, according to a New York Times report.
The Trump administration maintains the US is 'not at war' with Iran, despite military engagement reaching a critical legal threshold under the War Powers Resolution, potentially leading to a confrontation with Congress.
Trump's message, posted on his Truth Social platform, is a reminder of his 10-day ultimatum given to the Islamic Republic earlier to make progress toward a deal or reopen the vital shipping lane.
Indian benchmark equity indices, Sensex and Nifty, surged over 1 per cent, driven by a significant correction in crude oil prices and a global market rally, fueled by improving sentiment surrounding potential US-Iran negotiations.
