“As a market trader, I want to first assess the timeframe over the next 48 to 96 hours—see where we are by Friday. If tensions escalate further and the U.S. and Israel become more deeply involved, that changes the geopolitical footprint and could seriously impact the stability of the Middle East. But if things settle … Read more
SINGAPORE: Oil prices jumped on Monday to their highest since January as Washington’s weekend move to join Israel in attacking Iran’s nuclear facilities stoked supply worries. Brent crude futures rose $1.88 or 2.44% at $78.89 a barrel as of 1122 GMT. U.S. West Texas Intermediate crude advanced $1.87 or 2.53% at $75.71. Both contracts jumped … Read more
Oil tankers pass through the Strait of Hormuz. File. | Photo Credit: Reuters Iran’s Parliament, the Majlis, has reportedly approved the closure of the Strait of Hormuz in response to the attacks by the U.S. on Iranian nuclear facilities, the country’s state-owned media PressTV reported on Sunday (June 22, 2025), citing Esmaeil Kowsari, a member … Read more
Iranian Revolutionary Guard senior commander General Mohsen Rezaei has claimed that Iran has deployed only 30 per cent of its current military capabilities and just 5 per cent of its total potential in the ongoing conflict with Israel. He warned that any ceasefire at this stage would allow Israel to regroup and restart attacks. “We … Read more
Shipping stocks like GE Shipping and SCI soared up to 13% on Friday as mounting tensions between Israel and Iran jolted global markets, pushing crude prices sharply higher and raising bets of container shipping rates rising. Shares of Great Eastern Shipping Company rose as much as 7.7% to Rs 1,049.70 on the BSE, while Shipping … Read more
DUBAI: The top U.S. Navy official in the Mideast said Sunday America has reached an “uneasy deterrence” with Iran after months of regional attacks and seizures at sea, even as tensions remain high between Washington and Tehran over the Islamic Republic’s nuclear program. Vice Adm. Sam Paparo, who oversees the Navy’s 5th Fleet based in … Read more
TEHRAN: Defence Minister Rajnath Singh on Sunday said he had a “very fruitful” meeting with his Iranian counterpart Brigadier General Amir Hatami and discussed ways to bolster bilateral cooperation and exchanged views on regional security issues, including the situation in Afghanistan. Singh reached Tehran from Moscow on Saturday on a transit halt after concluding his … Read more