Indian benchmark indices, Sensex and Nifty, staged a moderate rebound after a significant correction in the previous session, driven by foreign fund inflows and a largely positive trend in global markets, though geopolitical tensions between the US and Iran continued to foster caution.
Chinese President Xi Jinping has called for the Strait of Hormuz to remain open for normal passage of ships, describing it as an 'international waterway' amid rising tensions between the US and Iran.
Iran has strongly criticised US plans to impose a blockade on its ports, warning that maritime security across the Persian Gulf region would be jeopardised if its own security is threatened.
Indian benchmark indices Sensex and Nifty extended their losses for the fourth consecutive session, with the Sensex declining 363.66 points and the Nifty dipping 126.65 points, primarily due to a sharp jump in Brent crude oil prices to USD 98.32 per barrel amid escalating tensions in West Asia.
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.
After the United States and Iran agreed to a two-week ceasefire and expressed hope for lasting peace, Pakistan took much of the credit for playing mediator between the two countries. However, Jonathan Schanzer, Executive Director at the Foundation for Defence of Democracies and former US Treasury counterterrorism analyst, said Pakistan is deeply indebted to China.
Pakistan is set to host face-to-face talks between the United States and Iran, aiming to solidify a fragile ceasefire and prevent further conflict in West Asia. The discussions will focus on a long-term peace arrangement, including sanctions relief, regional security, and Iran's nuclear program.
'American stature has been reduced because they have not been able to achieve their aims.'
External Affairs Minister S Jaishankar addresses the Indian Ocean Conference, expressing deep concern over the West Asia conflict and its economic repercussions on energy, trade, and food security. India calls for a swift return to peace and opposes targeting civilians and infrastructure.
Iran on Monday described the 15-point proposal from the United States to end the conflict in West Asia and reopen the strategic Strait of Hormuz as 'excessively demanding', stating that it has prepared its own set of demands to end hostilities, which have now entered their second month.
US Secretary of War Pete Hegseth on Wednesday claimed that Tehran "begged" for a truce, maintaining that Washington achieved a "decisive military victory" during 'Operation Epic Fury.'
The United States Central Command (CENTCOM) has announced that American forces are maintaining a strict maritime restrictive operation in the region, continuing to enforce a blockade against Iranian ports.
Pakistan has increased security measures in Islamabad and surrounding areas as the US and Iran prepare for another round of peace talks. The move follows an announcement by former US President Donald Trump that American negotiators would be in Pakistan for discussions aimed at resolving the conflict between the two nations.
Alireza Beiranvand produced seven saves, including a stunning contender for save of the tournament, as Iran held Belgium to a 0-0 draw at the FIFA World Cup.
The performance capped an extraordinary journey from poverty and homelessness to national hero.
Benjamin Netanyahu declares that the joint Israel-US campaign is successfully 'crushing' Iran, eliminating existential threats and weakening the regime's regional influence.
US President Donald Trump on Wednesday (local time) claimed that Iran has asked US for a ceasefire. He said that Washington would consider it once the Strait of Hormuz is open.
...reopen for up to six months. Until then, the Strait stays nearly closed. The world pays. And no one, including the man who started this, can say when it ends, notes Prem Panicker in his must read blog on the Iran War.
Iranian authorities have announced the arrest of 35 individuals on charges ranging from espionage to illegal trafficking, including alleged Mossad-linked suspects and affiliates of separatist organisations.
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.
While Trump described the operation as the 'most daring' search and rescue mission in US military history, Iran termed it a victory, claiming it shot down a C-130-class aircraft involved in the operation.
Pakistan has announced its commitment to continue facilitating talks between the United States and Iran, urging both nations to uphold the ceasefire agreement. Deputy Prime Minister Ishaq Dar highlighted Pakistan's role in mediating recent discussions and expressed hope for durable peace and regional stability.
Donald Trump has issued a stern warning to Iran regarding alleged fees imposed on tankers passing through the Strait of Hormuz, further escalating tensions amid fragile ceasefire agreements and ongoing disputes with Israel over Lebanon.
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.
US Vice President JD Vance is set to arrive in Islamabad on Monday evening to lead a high-level American delegation in a second round of ceasefire negotiations with Iran, CNN reported, citing White House on Sunday.
Citizens in the city of Ilam formed a human chain on Tuesday to demonstrate their defiance against recent threats from US President Donald Trump.
Tensions between Washington, DC and Tehran have reached a boiling point, as a heavy barrage of aerial strikes was reported across multiple locations in Iran on Tuesday.
US President Donald Trump said on Wednesday that Washington is considering a "joint venture" with Iran to secure the Strait of Hormuz, following his announcement of a two-week ceasefire.
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.
A Financial Times report reveals Pakistan's crucial role in brokering a temporary ceasefire between the US and Iran, driven by White House concerns over rising oil prices and Iran's resilience.
Markets face risk of a prolonged bear phase as oil shocks and geopolitical tensions test inflation, growth and investor confidence globally, points out Debashis Basu.
US Special Envoy Steve Witkoff and Iranian Foreign Minister Abbas Araghchi are reportedly heading to Switzerland for a new round of US-Iran negotiations, following a recently announced memorandum of understanding to end hostilities in West Asia and a ceasefire between Israel and Hezbollah.
The logic of war plus the gathering storms in US politics as the midterms loom large leave him with no real alternative but to negotiate, points out Ambassador M K Bhadrakumar.
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.
US President Donald Trump on Tuesday claimed that Iran is in a "state of collapse" and has requested the United States to help "open" the Strait of Hormuz.
Hours after ceasefire, US President Donald Trump on Wednesday warned against any country supplying military weapons to the Islamic Republic, stating that he would impose a 50 percent tariff on all goods exported to the United States.
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.
The Indian rupee depreciated by 34 paise to close at 93.78 against the US dollar, marking its third consecutive session of decline. This fall is attributed to escalating crude oil prices driven by uncertainty surrounding US-Iran peace talks and fresh attacks in the Strait of Hormuz, alongside significant foreign institutional investor outflows from domestic equity markets.
Iran's foreign ministry spokesperson Esmaeil Baqaei on Sunday said that the recent meeting with US officials was the longest round of negotiations they have had in the past year.
Indian equity benchmark indices Sensex and Nifty surged significantly in early trade, mirroring a global market rally and a drop in crude oil prices below USD 100 per barrel, driven by renewed hopes of diplomatic engagement between the US and Iran.
Former Iranian water polo player Reza Soleimani expresses devastation over the execution of wrestler Saleh Mohammadi and voices support for Iranian athletes protesting against the government.
