Iran Financial News

West Bank Saturday killed nine Palestinian militants, according to Israel's army, as violence flares in the Israeli-occupied territory. The Israeli army said its forces first struck a vehicle in a rural area northwest of the city of Tulkarem in the northern West Bank early Saturday morning, killing the five occupants. The army said they were on their way to carry out an attack. The Palestinian health ministry said the dead men's corpses were taken to a nearby hospital in Tulkarem. All five men were later identified by Hamas as militants belonging to the group, including one who was a local commander.

Iran's Revolutionary Guards said on Saturday that Palestinian militant group Hamas' leader Ismail Haniyeh was slain in Tehran by a short-range projectile with a warhead of about 7 kg, and vowed severe revenge. Wednesday's assassination has drawn fears of direct conflict between Tehran and its arch-enemy Israel in a region shaken by Israel's war in Gaza and a worsening conflict in Lebanon.

Amidst a tumultuous market, Bitcoin (BTC) has shown both resilience and volatility, recently failing to breach the coveted $70,000 mark.

As blue-chip cryptocurrency markets remain subdued despite growing tailwinds from traditional asset markets, traders hunting for top crypto performers today are turning to smaller and lesser-known altcoins that might be able to deliver strong gains.

Bank of England cut interest rates from a 16-year high. Concerns about a widening conflict in the Middle East intensified this week after Hamas leader Ismail Haniyeh was assassinated in the Iranian capital Tehran on Wednesday morning, an attack that drew threats of revenge on Israel.

Read this | Modi vibes well with Trump. But India may not be ready for a second Trump term With the death of Haniyeh, a crucial negotiator for a ceasefire, any de-escalation seems unlikely. Geopolitical analysts warn that the situation could escalate into a global conflict if allies on both sides become involved.

Bitcoin (BTC) has recently faced downward pressure, slipping below the $64,000 mark and reaching an intra-day low of $63,580. Market volatility is driven by escalating tensions between Iran and Israel and a dovish Federal Reserve outlook that has kept interest rates unchanged while hinting at potential cuts in September.

Iran held funeral processions on Thursday with calls for revenge after the killing in Tehran of Hamas political chief Ismail Haniyeh in a strike blamed on Israel.

Domestic markets traded sideways throughout the day on Wednesday to close near day's high. Nifty gained about 3% in the month of July supported by growth led budget and second month consecutive buying by FIIs. «We expect this momentum to continue with sectorial rotation at play,» said Siddhartha Khemka, Head — Retail Research, Motilal Oswal.

Russia and China, reports the 'Daily Express US'. It has also been said that the US military may lose a future war against the arch-rivals if considerable investment is not made in the defense sector. The report has made it clear that major changes and significant investments are needed now and the country should not wait for the next Pearl Harbor or 9/11. The Imperial Japanese Navy conducted a surprise aerial assault on Pearl Harbor on December 7, 1941. The unprovoked attack sucked the US into World War II, and it immediately declared war on Japan.

Hamas leader Ismail Haniyeh was assassinated in the Iranian capital Tehran early on Wednesday morning, an attack that drew threats of revenge on Israel and fuelled further concern that the conflict in Gaza was turning into a wider Middle East war.

Gaza Strip, Israel has fought a parallel, slower-paced conflict with Hamas' allies across the Middle East in which all sides have risked major escalation but ultimately avoided dragging the region into a bigger, multi-front war.

Hamas political chief Ismail Haniyeh in Tehran and Hezbollah commander Fuad Shukr in Beirut within hours of each other on Tuesday-Wednesday, Israel has successfully conducted what it had purportedly set out to do: take out what lay at the core of the Hamas October 7, 2023, attacks on Israel that led to more than 1,000 deaths and over 250 people taken hostage by the Palestinian terrorist group. In the process, Tel Aviv has pushed the region further to wider conflict. Predictably, Iran has vowed vengeance. It is now the job of Israel's allies, especially the US, to ensure that Tel Aviv doesn't go for an over-overkill. Further escalation must be nipped in the bud.

Global stocks have advanced and oil prices jumped more than $2 a barrel after Hamas’s top political leader Ismail Haniyeh died in an air strike

Munshi Premchand, a towering figure in Indian literature. Known for his Hindustani literature, Premchand's work vividly portrays colonial India through a realistic lens. His contributions to Hindi and Urdu fiction have left an indelible mark on the literary world.

Hamas on Wednesday announced that its leader Ismail Haniyeh was assassinated in Tehran, with Itan's paramilitary Revolutionary Guard also putting out a statement attesting to the same. Iranian state TV reported on Haniyeh's death in the early hours of the day.

Lebanon on Monday as diplomatic efforts were underway to contain soaring tensions between Hezbollah and Israel after deadly rocket fire in the annexed Golan Heights.

Iran's supreme leader Ayatollah Ali Khamenei gave Sunday his official endorsement of Masoud Pezeshkian as the Islamic republic's ninth president, following snap elections won by the reformist camp's candidate.

Israel Katz said Israel was approaching an all-out war against Hezbollah and Lebanon after a rocket attack on a football ground in the Israeli-occupied Golan Heights killed ten people on Saturday, Axios reported.

PARIS—France’s rail network was the target of a massive act of sabotage Friday, the day of the opening ceremony of the Olympic Games, officials said, bringing service on several high-speed rail lines to a halt in outages that are expected to last for days. Officials said fires were set at around 4 a.m. local time at several places around the country’s rail network.

Nitin Gadkari is likely to represent India at the Iran President-elect Masoud Pezeshkian's swearing-in ceremony on July 30, displaying New Delhi's commitment to the partnership marked by the recent 10-year-deal on the Chabahar Port. India has been deputing senior ministers and leaders to Iran on important occasions in the backdrop of the nature of the partnership. Earlier this year, Vice-President Jagdeep Dhankar represented India at Iran's former president Ebrahim Raisi's funeral. Raisi played a key role in the bilateral pact that will allow India operations of the Chabahar Port for 10 years. India had played a role in Iran's Brics membership last year. Five presidents and ten parliament speakers from different countries will attend Pezeshkian's inauguration. The election in Iran was necessitated following Raisi's death in a helicopter crash. Raisi had plans to visit India this year.