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Oil prices increased slightly on Tuesday amid ongoing uncertainty over talks between the United States and Iran and speculation around the potential reopening of the Strait of Hormuz, one of the world’s most critical energy transit routes.Brent crude futures rose by 0.06% to $95.04 a barrel, while US West Texas Intermediate declined slightly by 0.18%…
Israel’s decision to resume strikes on Beirut’s southern suburbs has added a new layer of complexity to the fragile diplomacy between Washington and Tehran, with Iranian officials questioning whether military escalation by Israel is undermining efforts to reach a broader agreement with the United States.The renewed attacks come as US and Iranian officials continue indirect…
Gold prices traded steady as investors balanced ongoing uncertainty surrounding US-Iran ceasefire negotiations against rising inflation concerns and expectations of tighter monetary policy. While reports suggest US and Iran continue discussions on extending the current truce and reopening the Strait of Hormuz, key disagreements remain unresolved and any final agreement still requires approval from President…
In the upcoming week, gold prices will be shaped by developments in US–Iran peace negotiations, movements in crude oil rates and a series of macroeconomic data releases. Analysts have said that speeches by officials of the US Federal Reserve could also play a key role in shaping interest rate expectations, which in turn may guide…
US President Donald Trump on Friday said a potential deal with Iran was now at the stage of a “final determination”, while laying out a detailed list of conditions for Tehran and signalling that restrictions in the Strait of Hormuz could soon be lifted.In a characteristically dramatic message on Truth Social, Trump claimed ships stranded…
Representative image (AI) With the months-long ongoing war and despite the fragile ceasefire, mediators between the United States and Iran are now engaged in fresh negotiations aimed at ending the conflict.According to a report by The New York Times, officials involved in the talks are discussing a new draft memorandum that is said to be…
Growth was primarily supported by robust private consumption and sustained investment activity. Amid the Middle East crisis and the US-Iran conflict, the Indian economy is in focus for the possible fallout from the war and rising global crude oil prices that is now hitting the external sector’s resilience. However, striking a positive note, the Reserve…
Gold and silver prices began Friday’s trade on a softer note on the Multi Commodity Exchange (MCX) as market participants balanced uncertainty surrounding the ongoing Middle East conflict against reports suggesting a possible extension of the ceasefire arrangement between the United States and Iran. Investor sentiment also remained cautious amid persistent concerns over inflation and…
Oil prices fell slightly on Friday after reports of a potential extension of a US-Iran ceasefire amid the ongoing Middle East conflict that has stretched beyond three months.Prices of Brent crude fell 0.37% to $93.36 a barrel, while US oil futures slipped 0.71% to $88.27 a barrel, as traders reacted to shifting signals around a…
Kuwait under missile, drone attack after US strikes Iran; what happened at Bandar Abbas? (Image credit: AP) Kuwait’s army said on Thursday that its air defence systems intercepted hostile missile and drone threats amid escalating tensions linked to the ongoing US-Iran conflict.The military did not specify where the attacks originated from, Reuters reported.In a post…
