Crude oil prices reached a new record high in futures trade, both domestically and internationally, as escalating military tensions between the US and Iran in West Asia continue to fuel market volatility. Diplomatic efforts concerning the Strait of Hormuz are being closely watched for potential price stabilisation.
'Without ground troops the US will not be able to oust the Iranian Islamic regime. Political change does not happen just by using bombs or planes.'
India's foreign policy establishment is adjusting with alacrity in real time -- an extraordinary spectacle in itself, considering the manifest reluctance to indulge in public diplomacy critical of American moves, observes Ambassador M K Bhadrakumar.
At least eight civilians have been reported killed, and 95 others have sustained injuries following United States-Israeli strikes, Iranian state media Press TV reported.
Indian benchmark equity indices Sensex and Nifty closed higher, recovering from previous losses, driven by a global market rebound, a pause in Israel-Iran hostilities, and a rally in bank stocks.
US President Donald Trump is set to provide an "operational update" on the progress of 'Operation Epic Fury' during a national address scheduled for 9 PM Wednesday (US local time).
Iranian forces fired upon three commercial vessels in the Strait of Hormuz, with one possibly headed for Gujarat, raising concerns about maritime security in the strategic waterway.
Union Shipping Minister Sarbananda Sonowal confirmed the deaths of three Indian seafarers who were initially reported missing from the Palau-flagged MT Settebello. India has protested to the US over the attack on the commercial vessel, which the US Central Command stated was due to the vessel attempting to transport oil from Iran, violating a blockade.
Pakistan is set to host the foreign ministers of Saudi Arabia, Egypt, and Turkiye to discuss a range of issues, including de-escalating tensions in West Asia.
Equity benchmark indices Sensex and Nifty tumbled in early trade on Monday, with the 30-share BSE Sensex falling 1,613.09 points and the 50-share NSE Nifty plunging 495 points, as the failure of US-Iran negotiations heightened concerns of a prolonged conflict driving crude oil prices sharply higher. Track Sensex, Nifty50 movement and key market drivers for April 13, 2026.
Crude oil prices are projected to fall significantly this year, driven by hopes of a peace deal between the US and Iran, which could lead to the reopening of the Strait of Hormuz, and a notable drop in Chinese demand for seaborne crude imports.
The ministry of defence of the United Arab Emirates on Monday said its air defence systems successfully intercepted multiple aerial threats launched from Iran, as tensions in the region continue to rise.
People across Kashmir have donated generously to Iran, which has been ravaged by war. Donations included cash, gold, silverware, and copper utensils. A woman even donated gold kept as a memento of her husband, who died 28 years ago. The Iranian Embassy in New Delhi has expressed its gratitude for the support.
US President Donald Trump has threatened to target Iran's civilian energy infrastructure, including power plants, oil wells and Kharg Island, if Tehran does not reopen the Strait of Hormuz.
Joe Kent, former head of the National Counterterrorism Center, accuses Israel of instigating the conflict between the United States and Iran, claiming there was no imminent threat from Iran.
Global oil prices fell on Thursday to their lowest levels since before the outbreak of the Iran conflict, offering a significant economic tailwind for India, the world's third-largest crude importer, by easing inflation risks, reducing the import bill and improving the government's fiscal position.
The Iranian terrorist regime launched a long-range missile for the first time since the start of Operation Roaring Lion that could reach a distance of ~4,000 km, Israel said.
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.
US President Donald Trump has announced plans to clear the Strait of Hormuz to secure the vital oil corridor, citing risks to global energy supplies and criticising other nations' inaction.
Indian benchmark indices Sensex and Nifty surged in early trade, driven by a rally in IT stocks and tempered expectations of US Federal Reserve monetary tightening following softer-than-expected US jobs data. Track Sensex, Nifty on July 3.
In a post on Truth Social, Trump said the decision followed a request from the Iranian government and added that talks between the two sides were 'going very well'.
Talismanic Mohamed Salah scores twice to help Egypt rally to 3-1 win over New Zealand on Sunday.
Pakistan's Prime Minister Shehbaz Sharif has offered to host talks between the US and Iran to help resolve the ongoing conflict in the Middle East, following reports of Pakistan's involvement in backchannel diplomacy.
Smallcap funds give investors access to businesses that can grow much faster than the broader economy.
Indian benchmark equity indices, Sensex and Nifty, ended lower after a five-day rally, with the Sensex dropping 607 points and the Nifty falling to 24,013.10. The decline was primarily driven by heavy selling in IT firms following Accenture's trimmed revenue guidance and renewed geopolitical uncertainty, specifically the postponement of US-Iran negotiations.
Members of Iran women's football team returned home after five players withdrew asylum claims in Australia, ending a tense journey amid safety concerns.
FIFA President Gianni Infantino addressed various issues ahead of the World Cup, defending the body's handling of visa challenges, stressing its inability to override government decisions, and highlighting efforts to ensure participation from all nations, including Iran. He also defended ticket pricing and expressed optimism for a competitive tournament focused on unity.
To be sure, Trump is furious, as the trajectory of the war is in a state of Zugzwang, as chess players call it. Trump and Netanyahu stare at two choices -- retreat in humiliation and concede Tehran's demands -- recognition of its rights, reparations, and binding security guarantees -- or perish in a quagmire, points out Ambassador M K Bhadrakumar.
US President Donald Trump's threats against Iran have drawn strong condemnation from Democrat leaders, who are calling for his removal from office, while some Republicans express concern.
An air strike conducted by US and Israeli forces on the Black Mountain has resulted in the deaths of at least three individuals, Al Jazeera reported, citing Iranian state media.
The IRGC had announced earlier that it was carrying out an intense wave of attacks on US and Israeli positons throughout the region since dawn, using missiles as well as drones.
"The US President's statements are within the framework of efforts to reduce energy prices and gain time to implement his military plans," the ministry stated.
The call came before Iran's new supreme leader Mojtaba Khamenei vowed vengeance and urged citizens to continue their fight against the attacks by US and Israel.
United States President Donald Trump has issued a strong warning to Iran, asserting that any attempt to impede the transit of petroleum through the Strait of Hormuz would be met with massive military retaliation.
For India, much is at stake: Crucial energy supplies traversing the Strait of Hormuz, the fate of its 10 million citizens living and working in West Asia -- who send generous remittances home -- and its major trade links with the region.
Iranian Foreign Minister Seyed Abbas Araghchi on Saturday criticised the United States over its stance on Russian oil, claiming Washington was now "begging" countries across the globe, including India, to purchase Russian crude.
The Islamic Revolutionary Guard Corps (IRGC) has announced a series of military operations against US and Israeli targets in retaliation for earlier airstrikes. The IRGC claims to have launched multiple missile and drone strikes, and has warned against any potential ground operations within Iranian territory.
Amidst ongoing conflict, Iranian President Masoud Pezeshkian signals a potential de-escalation by apologising to neighbouring countries while firmly rejecting US President Donald Trump's demand for unconditional surrender.
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.
A United States missile strike has reportedly hit an educational facility in Khomeyn in central Iran, according to a report by Al Jazeera citing Iran's Mehr news agency. The site was identified as the Dr Hafez Khomeyni School.
