Iran Financial News

West Virginia Sen. Joe Manchin says new rules governing electric vehicle tax credits are a giveaway to China

The historic Kashan bazaar in central Iran once sat on a major caravan route, its silk carpets known the world over

arrests of three suspected hitmen accused of killing a B.C. Sikh leader highlight an emerging security problem: foreign intelligence services are contracting their dirty work to the criminal underworld.Governments are increasingly accused of trying to silence and kill opponents outside their borders, and they are relying more and more on crime groups to do so, officials and experts told Global News.“Some states leverage criminal organizations to advance their objectives,” said Eric Balsam, a Canadian Security Intelligence Service spokesperson.“The use of criminal elements can permit plausible deniability and generate resources to advance threat activities.”Iran’s intelligence service was recently accused of hiring Canadian Hell’s Angels to kill dissidents in the United States.

Gold rate today: Following the ease in the Iran-Israel conflict and a dent to the US Fed rate cut buzz in the near term, gold price declined for the second straight week. Gold future contract for June 2024 expiry on the MCX finished at ₹70,677 per 10 gm, logging a weekly loss of ₹809 per 10 gm against the previous Friday's close of ₹71,486 per 10 gm. However, if we compare MCX's gold rate today with its record high of ₹73,958, which climbed on 12th April 2024, the gold price today is around ₹3300 per 10 gm lower than its record high.

US Senator and highly vocal crypto critic, Elizabeth Warren, has claimed that Iranian crypto miners have terrorist ties including Hamas.

ballistic missile defences facing their first complex, high-stakes combat scenarios in Israel, the Red Sea and Ukraine will encourage militaries globally to invest in the pricey systems, experts say — and intensify missile arms races. Iran launched as many as 120 intermediate-range ballistic missiles at Israel on April 13, U.S. and Israeli officials say. U.S. SM-3 and Israeli Arrow interceptors destroyed nearly all of them, leaving drones and smaller threats to the Iron Dome system. In previous months, interceptors fired from U.S. Navy destroyers stopped Houthi anti-ship ballistic missiles, while in Ukraine, U.S.-made MIM-104 Patriot batteries have shot down advanced Russian Iskander and Khinzal missiles.

India supports ‘Two-State solution’ for Israel and Palestine at UN Kamboj asserted that terrorism stands in direct opposition to the culture of peace, and added, “It sows discord, breeds hostility, and undermines the universal values of respect and harmony that underpin cultural and religious traditions worldwide". Kamboj emphasised on the need for constructive dialogue and urged alignment with principles of respect and diplomacy.

Iran and Russia are working on CBDC and “digital financial asset” (DFA)-powered trade solutions, an Iranian official has confirmed.

Also Read: India's oil import bill could rise to $101-104 billion in FY25, says ICRA report Additionally, the EIA reported a notable rise in US crude oil production to 13.15 million barrels per day in February, up from 12.58 million bpd in the previous month. This marks the most significant monthly increase in almost three-and-a-half years. In just two sessions in May, both Brent and Crude futures experienced a 5% decline.

After weeks of nonstop coverage of destruction and death across the Gaza Strip, media across the wider Middle East has latched onto the demonstrations roiling American university campuses over the Israel-Hamas war

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Gold rate today: Ahead of the US Fed meeting outcome, gold prices across work have come under pressure. On the Multi Commodity Exchange (MCX), gold rates for the June 2024 expiry ended yesterday at ₹70,466 per 10 gm level, around ₹3,500 below its lifetime high of ₹73,958 level, which it had climbed on 12th April 2024.

Binance CEO Changpeng Zhao was sentenced Tuesday to four months in prison for allowing rampant money laundering on the world's largest cryptocurrency exchange. Zhao pleaded guilty in November to one count of failing to take required anti-money-laundering measures and stepped down as Binance agreed to pay $4.3 billion to settle related allegations. U.S. officials said Zhao deliberately looked the other way as people conducted transactions that supported child sex abuse, the illegal drug trade and terrorism.

A Portuguese-flagged container ship has come under attack by a drone in the far reaches of the Arabian Sea

Iran’s official IRNA news agency reported that a tycoon's death sentence has been commuted to 20 years in prison after he returned around $2.1 billion in assets from illegally selling oil abroad

Experts warn that Venezuela’s likely shift towards digital currency necessitates stricter regulations.

Also Read: Oil prices decline amid Israel-Hamas peace negotiations, Fed rate cut hopes As of now, Brent crude futures have seen a modest increase of 0.26% in April, while WTI crude futures have experienced a slight decline of 0.55%. Crude prices surged sharply in mid-April, reaching their highest level since October, driven by Iran's unprecedented attack on Israel in retaliation. This was seen as a response to a suspected Israeli strike on the Iranian Consulate in Damascus, Syria, earlier in the month.

Gold and silver rate today on 29-04-2024: Check latest rates in your city “Of particular importance is the US interest rate decision, which is poised to strongly impact Gold. Anticipation of two rate cuts could provide support for gold, whereas emphasis on higher rates for a longer duration may exert pressure. Hence, the week ahead is anticipated to be pivotal for gold markets," said Jateen Trivedi, VP Research Analyst - Commodity and Currency, LKP Securities.

death toll due to heavy rains and hailstorm in Pakistan's restive Balochistan province has increased to 22, the provincial disaster management cell said on Sunday. Heavy rains and thunderstorm caused flash floods and urban flooding in many districts of Balochistan, including its capital city, Quetta on Saturday. «So far the number of people killed due to rain, thunderstorm and hailstorm has touched 22. These deaths were reported in the last 48 hours,» said the department in a statement.

WASHINGTON—Donald Trump claims that neither the Oct. 7 Hamas attack on Israel nor Russia’s full-scale invasion of Ukraine would have happened on his watch, and that the world was an oasis of calm and stability when he was president. The reality was more complicated.

India and Oman will sign a trade deal in the coming months, two Indian government officials said, as New Delhi seeks to expand its ties in the Middle East, where rising tensions are putting major shipping routes at risk. «It will help India with a strategic partner and access to key trade routes in a volatile region,» one official told Reuters. India and Oman have annual trade of less than $13 billion, but the relationship is important for New Delhi as the Gulf nation is a gateway to the narrow Strait of Hormuz between Oman and Iran, a major transit point for global oil shipments.