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.
A peace deal between the US and Iran, set to be signed in Geneva, faces significant hurdles over the release of Iran's USD 12 billion in frozen assets, with conflicting reports from both sides on the conditions for their release.
US President Donald Trump on Sunday said that the Israeli strikes on Lebanon's capital of Beirut "should not have happened", warning that such escalation could jeopardise the peace agreement with Iran to achieve a complete solution to the West Asia conflict, which, according to him, is within reach.
Indian benchmark indices Sensex and Nifty experienced a decline due to renewed geopolitical concerns in the Strait of Hormuz, a strained US-Iran ceasefire, and the rupee hitting a record low against the US dollar.
'PM Modi is trying to reduce the volume of fuel consumed instead of raising prices sharply.'
The government will lift restrictions on the sale of petrol and diesel to commercial and industrial consumers from July 1, easing emergency measures imposed to manage fuel supplies.
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.
Small- and midcap stocks have delivered their biggest monthly rally in 12 years, but rising oil prices and global tensions could make the road ahead volatile.
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.
US President Donald Trump indicated the possibility of further military operations against Iran's Kharg Island, a key oil export hub, claiming previous strikes had significantly damaged its infrastructure.
Iran has restored access to a significant portion of its underground missile infrastructure following months of excavation and repair work, highlighting the limits of US bombing strategy.
US President Donald Trump announced that a peace deal with Iran, which includes a commitment from Iran to abandon nuclear weapons, is nearly complete and expected to be signed in Europe this weekend. This development follows Trump's decision to call off military strikes against Iran hours after threatening to take control of its oil industry.
The government has introduced a mandatory 25-day gap between LPG cylinder bookings due to supply concerns arising from global disruptions and tensions in the Strait of Hormuz. This measure aims to prevent hoarding and prioritise essential non-domestic sectors, while domestic LPG production is being increased to mitigate shortages.
US President Donald Trump indicated that a peace deal with Iran is possible, but stressed that military action remains an option if talks fail. He emphasised the need for guarantees against nuclear weapons in any agreement.
External Affairs Minister S Jaishankar has affirmed India's commitment to ensuring issues like a free, open, and rule-based maritime order, seafarer safety, and countering terror financing receive due attention at the UN Security Council during its 2028-29 term.
Israel will continue its offensive in South Lebanon aimed at neutralising the threat from Hezbollah, which is backed by Iran.
Sagiv Steinberg, CEO of the Jerusalem Center for Security and Foreign Affairs (JCFA), described the recent US-Iran peace agreement as a temporary 60-day ceasefire, not a genuine peace deal, suggesting it's timed for the upcoming US midterm elections.
The US and Iran have agreed on a roadmap aimed at reaching a final agreement within 60 days after hours-long talks at the Swiss resort of Burgenstock, mediators Qatar and Pakistan said on Monday, describing the progress as "encouraging."
Far from it; the country's resistance to the US, its nuclear ambitions, and its pursuit of influence and proxies across the Middle East are driven by a constant search for independence and security. Thus, Iran will never capitulate. Trump will learn this home truth ultimately, and it is going to be a humbling personal experience that may even destroy his presidency, predicts Ambassador M K Bhadrakumar.
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.
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.
US Vice President JD Vance on Friday dismissed reports suggesting that Iran would receive financial incentives merely for signing the peace deal between Washington and Tehran aimed at ending the hostilities in West Asia, calling such claims "fake information".
Indian benchmark indices Sensex and Nifty experienced volatility due to conflicting developments in West Asia, including reports of the Strait of Hormuz closure, which led to a rebound in crude oil prices and heightened investor concerns about supply disruptions and inflation.
An Indian national was killed and several others injured in a drone attack on Kuwait International Airport, leading to the suspension of air traffic and significant damage. This incident marks the tenth Indian fatality since hostilities between the US and Iran began in February, with other Indians also affected by regional conflicts in UAE, Saudi Arabia, and Oman.
Pakistan's Deputy Prime Minister Ishaq Dar stated that the Indus Waters Treaty remains valid and binding, rejecting India's decision to revoke it following a terror attack. He emphasised the treaty's role in regional peace and warned of "profound consequences" if Pakistan is deprived of its allocated waters. PPP chief Bilawal Bhutto Zardari also proposed an international convention against the weaponisation of waterways.
Prime Minister Narendra Modi flagged off India's first hydrogen-powered train connecting Jind to Sonipat in Haryana, marking a significant milestone in the country's journey towards clean and sustainable railway mobility and showcasing the success of the 'Make in India' initiative.
The Indian stock market's trajectory this week will be significantly influenced by crude oil prices, global market trends, and the commencement of the corporate earnings season, with IT major TCS set to announce its June-quarter results on July 9.
The Indian rupee weakened against the US dollar due to geopolitical tensions surrounding the Strait of Hormuz and ahead of the Reserve Bank of India's monetary policy review.
A spokesperson said the government is carefully assessing these communications in the context of the ongoing regional crisis.
'Actual implementation of the 14-point agreement is proving hard to achieve let alone striking and sustaining a long-term treaty or deal.'
An Indian-flagged crude oil tanker, Jag Laadki, safely sailed from the UAE's Fujairah port despite an attack on the terminal and is scheduled to reach India. The Indian government is working to ensure the safe passage of remaining Indian-flagged vessels in the region.
Iran on Monday formally rejected a US-proposed ceasefire deal amid the escalating conflict in West Asia, instead unveiling its own 10-point plan aimed at permanently ending the ongoing war, as reported by the Iranian state news agency Islamic Republic News Agency (IRNA).
Iran has blamed the US for disruptions in oil and gas shipping through the Strait of Hormuz, citing 'destabilising actions' as the cause amid the ongoing West Asia conflict and rising energy prices.
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.
'FPIs are unlikely to return unless there is equilibrium between valuation premium and earnings growth.'
Ahead of the expiry on Tuesday of the two-week ceasefire declared by US President Donald Trump in the conflict with Iran, US media outlets reported on Sunday that negotiators Steve Witkoff, special envoy for peace missions and Jared Kushner will head to Islamabad for talks with Iran.
Iranian President Masoud Pezeshkian has confirmed Tehran's participation in Pakistan-facilitated peace talks with the US in Islamabad, according to Prime Minister Shehbaz Sharif. This development follows a conditional ceasefire agreement and aims to address regional tensions.
Indian benchmark indices, Sensex and Nifty, extended their winning streak for a fourth consecutive session, driven by a significant drop in crude oil prices following a peace deal between the US and Iran. This development has fuelled investor confidence and buying activity across the market.
A social media post by Shehbaz Sharif has triggered widespread debate after an apparent 'draft' message was mistakenly published on X and later edited.
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.
