United States and Iran

September 15, 2026 9:13 AM

US, Iran make conflicting claims on El Gaia attack near Oman coast

The United States and Iran are disputing each other’s accounts over an attack on the Panama-flagged oil tanker El Gaia off the coast of Oman, near the Strait of Hormuz. Iran’s Revolutionary Guard, in a statement carried by Iranian media, says the tanker hit naval mine while trying to pass through what they call a restricted area south of the Strait. The IRGC says the vessel caught fire and was engulfed in flames. It said warnings had previously been issued about the dangers of using what ...

August 27, 2026 10:47 AM

Shipping traffic through Strait of Hormuz rises slightly, data shows

Shipping traffic rises at the Strait of Hormuzrose slightly even as a geopolitical standoff persisted between the United States and Iran, while the market also monitored Iran-Oman talks about the waterway, data showed on Thursday. Visible commodity vessel transits at Hormuz totalled 10 on Wednesday, up slightly from eight on Tuesday, data from Kpler showed. This remained below a 10-day moving average of about 15 vessels. Two medium-range fuel tankers, a liquefied petroleum gas carrier, a Panam...

August 22, 2026 8:44 AM

US, Iran keep up hostile rhetoric ahead of new sanctions

The United States and Iran exchanged defiant messages ahead of Monday's scheduled announcement of new U.S. economic sanctions that could impact the Islamic Republic and Tehran's most important trading partners including China. As the war neared six months old, the two sides were not exchanging fire but also not pursuing peace talks. All the while, oil shipments through the Strait of Hormuz have virtually halted as Tehran clings to its leverage by threatening to strike any unauthorized oil tanke...

July 13, 2026 10:25 AM

Indian markets open lower as US-Iran tensions rattle global sentiment

Indian equity markets opened sharply lower on Monday, tracking weakness across global markets amid escalating geopolitical tensions between the United States and Iran, which pushed crude oil prices higher and dampened investor sentiment. The BSE Sensex fell 670.12 points, or 0.86 per cent, to 76,899.27, while the NSE Nifty50 declined 192.15 points, or 0.79 per cent, to 24,014.75 in early trade. Market experts attributed the decline to renewed uncertainty in the Middle East following the collap...

May 27, 2026 9:07 AM

Global shares scale new peaks as markets eye shaky US-Iran truce

Asian shares climbed to record highs while oil prices remained elevated on Wednesday, as markets looked for signals that a shaky truce between the United States and Iran will be extended. The dollar held gains from the previous session after Iran said the U.S. had violated a ceasefire. New Zealand's dollar rose after the central bank kept its policy rate unchanged but signalled future hikes will need to come sooner. Japanese and South Korean shares scaled fresh peaks after major U.S. stock mar...

May 11, 2026 9:41 AM

Global share futures wobble, dollar gains as Gulf talks teeter

The dollar climbed in Asia on Monday on signs that talks between the United States and Iran were deadlocked, leaving the vital Strait of Hormuz all but shut and sending oil prices higher. U.S. stock futures wobbled and in Asia gains in a handful of AI-related stocks lifted share markets in Tokyo and Seoul. President Donald Trump on Sunday rejected Iran's response to a U.S. proposal for peace talks to end the war, saying Tehran's demands were "totally unacceptable." An Iranian plan sent to the...

May 7, 2026 9:28 AM

Global stocks hit records on tech earnings, oil slide from prospect of Iran deal

Stocks surged to fresh records and oil prices dropped on Wednesday after a report that the United States and Iran are closing in on an agreement to end their war, while momentum in AI-driven trades accelerated. Brent crude, the global benchmark, initially plunged to just below $100 per barrel, its lowest in two weeks, given the importance of oil passing through the Strait of Hormuz. Brent settled 7.83% lower at $101.27 a barrel. U.S. West Texas Intermediate crude fell about 7%, to $95.08. On W...

April 6, 2026 4:56 PM

US, Iran weigh peace plan as Trump’s ‘hell’ warning nears deadline

With a U.S. deadline approaching, the United States and Iran received the framework of a plan to end their five‑week-old conflict, though Tehran rejected any immediate move to reopen the Strait of Hormuz. President Donald Trump has threatened to rain "hell" on Tehran if it did not make a deal by the end of Tuesday that would allow traffic to start moving again through the vital route for global energy supplies. The Pakistani-brokered plan emerged from intense overnight contacts and proposes ...