Iran Financial News

Gold is having its moment. Geopolitical hedging from global central banks could keep it shining. Now at its highest level ever, above $2,400 per troy ounce, general jitters about the world alone can’t explain gold’s strength.

Israel Katz has ordered Israel's ambassadors from Ireland and Norway to immediately return to Israel, as Norway said it would recognize a Palestinian state and Ireland was expected to do the same. «Ireland and Norway intend to send a message today to the Palestinians and the whole world: terrorism pays,» Katz said.

Three years ago, when Ebrahim Raisi won the presidency in a rigged election, some Iranians thought it was a stepping stone to a bigger position. Ali Khamenei, the ageing, ailing supreme leader, did not have long to live; when he died, Mr Raisi would surely aim to replace him. But history has a sense of irony.

₹30,000-31,000 crore in fiscal 2025," the first person said. APSEZ’s consolidated revenue in FY24 grew 28% year-on-year to ₹26,711 crore, and net profit jumped 50% to ₹8,104 crore. Both are record highs.

Gold's future hinges on Fed rate cuts and dollar weakening, says Emkay report “Gold prices have reacted positively in recent days due to expectations of sooner interest rate cuts, following a drop in US inflation data after a long period of sideways to higher rates. This shift has led to speculation that the Federal Reserve might cut rates starting in September. Additionally, Iran's President's helicopter crash prompted a strong push in gold prices on Monday due to fears of renewed tensions between Iran and Israel.

Ebrahim Raisi, seen as a possible successor to supreme leader Ayatollah Ali Khamenei, has reshuffled the cards in the succession process and increased the spotlight on the Iranian number one's son Mojtaba as a contender. While analysts emphasise it is impossible to know for sure the intentions of Iran's leadership, Raisi's record as a pillar of the Islamic republic over several decades made him an inevitable candidate to become its third supreme leader after Khamenei and revolutionary leader Ayatollah Ruhollah Khomeini.

“This is 1938," historian Timothy Snyder said at a weekend conference in Estonia. He warned that a Ukrainian defeat would shift the calendar to 1939. Many Americans still don’t fully grasp how serious the international situation has become.

While Donald Trump’s hush money trial entered its sixth week in New York, an origin story for the Republican presidential candidate premiered at the Cannes Film Festival, unveiling a scathing portrait of Trump in the 1980s

The Environmental Protection Agency warns that cyberattacks against water utilities around the U.S. are becoming more frequent and more severe

Also Read: Gold price today: MCX Gold falls over half a per cent; what should be your strategy for bullion today? However, Brent crude oil was trading 0.92% lower at $82.94 a barrel, while the US West Texas Intermediate (WTI) crude futures was down 0.80% to $79.16 per barrel. MCX crude oil prices fell 0.41% to ₹6,552.

Ebrahim Raisi, in a helicopter crash on Sunday is unlikely to result in immediate changes to Iran's ruling system, which Supreme Leader Ayatollah Ali Khamenei determines. However, Raisi was widely viewed as a leading candidate to succeed the 85-year-old supreme leader. His sudden death raises the possibility that Khamenei's son could eventually assume the position.

Iranian presidents since the early 1980s have in essence been expressions of what the supreme leader thought he needed at the time. Ebrahim Raisi was not only a protégé of Ayatollah Ali Khamenei, but also closer in his purist religious and political views. So it matters that at home — where the future of the regime will ultimately be determined — the man chosen to restore faith in and obedience to the Islamic Revolution failed. Raisi came to power in 2021, claiming that Iran didn’t need a by-then-defunct nuclear deal with the West and could prosper by facing its “resistance economy” squarely to the east. He also quickly imposed a crackdown on female dress codes, in a demonstrative turn to a past where his revolutionary credentials — as “the Butcher of Tehran,” responsible for mass executions of regime opponents in 1988 —were impeccable.

Iran’s president, some clarity is emerging about Tehran’s next steps. The bad news for western capitals and those Iranian activists pushing for change is that there’s little hope of a relaxation of political oppression, or of the antagonism directed at the US and its allies, according to western officials. They see the authoritarian regime as robust enough to carry on its current trajectory after Ebrahim Raisi’s death in a helicopter crash.

Iran proclaimed five days of mourning for President Ebrahim Raisi on Monday, though the muted atmosphere revealed little of the spectacular public grief that has accompanied the deaths of other senior figures in the Islamic Republic's 45-year history. While government loyalists packed into mosques and squares to pray for Raisi and Foreign Minister Hossein Amir Abdollahian, both killed in a helicopter crash, most shops remained open and the authorities made little effort to interrupt ordinary life.

Ebrahim Raisi who died in a helicopter crash. Prime Minister Narendra Modi on Tuesday will interact with more than 25,000 women at a conference to be organized at the Sampurnanand Sanskrit University in Kashi aiming to appreciate the efforts of all women who played a vital role in PM Modi's roadshow. In the evening, a 'Nari Shakti Samvaad' focusing on women empowerment will be hosted at Sampurnanand Sanskrit Vishwavidyalaya to honour all women who played a vital role in PM Modi's roadshow.

Ebrahim Raisi in a helicopter crash on Sunday along with that of foreign minister Hossein Amir-Abdollahian comes at an explosive moment in world affairs, with domestic and global implications. Raisi’s departure is expected to spark a power struggle in a country that has been in turmoil over mounting calls for democratic reforms and women’s rights.

Also Read: Stock market today: Sensex, Nifty 50 end in green in the second special trading session; all sectoral indices shine Two special live trading sessions were held on Saturday, May 18, for the domestic benchmark indices. First, from 9:15 IST to 10 IST, from a primary site; second, from 11:30 IST to 12:30 IST, from a site dubbed the disaster's recovery site. According to Arvinder Singh Nanda, Senior Vice President of Master Capital Services Ltd., the benchmark indices had a strong run and made up for the losses from the previous week.

Iranian President Ebrahim Raisi died in an apparent helicopter crash in the East Azerbaijan province of the country. Various human rights groups have nicknamed as the "Butcher of Tehran". What is the reason for this? What has the deceased President done to earn the notorious title?

death of Iranian executive President Ebrahim Raisi and Foreign Minister Hossein Amirabdollahian in a helicopter crash on May 19 was a highly disruptive event that will test Iran and West Asia, both already in mayhem.

Iranian President Ebrahim Raisi’s death has dealt an unsettling blow to the country’s politics and raises questions regarding the succession of not just the presidency, but also the most powerful position in the country—that of supreme leader. Raisi, who died in a helicopter crash over the weekend along with Iran’s foreign minister, was widely seen as a potential successor to the current top figure, Ayatollah Ali Khamenei, who is 85 and has a history of illness. There is no publicly anointed heir-apparent.

Copper prices hit all-time high to break March 2022 record; what's driving the rally? Brent finished the previous week with a 1 per cent increase, marking its first weekly gain in three weeks. WTI had advanced by 2 per cent, bolstered by positive economic data from the U.S. and China, the world's largest oil consumers.