Iran Financial News

New York to Mumbai and from Mumbai to London, respectively, on April 13 and April 14 above the Persian Gulf and Gulf of Oman when the shadow of a conflict between Iran and Israel loomed large, showed data by Flightradar24, a website that tracks flights. Iran attacked Israel over the weekend, firing at least 300 drones and missiles. Iran’s military assault was expected for days after tensions between the two countries ratcheted up on April 1, when fighter jets struck a building that is part of the Iranian Embassy at Damascus in Syria.

DUBAI—Saudi Arabia and other oil-rich Persian Gulf states have tried to avoid taking a position on America’s geopolitical rivalries in recent years, staying neutral in the Ukraine war and building ties with China. With Israel and Iran in open conflict, they might be forced to choose a side. Saudi Arabia and the United Arab Emirates struggled to stay on the sidelines when it became clear last week that Iran would attack Israel in retaliation for a strike in Syria that killed senior Iranian military officers.

Also Read: Stock market holidays in April 2024: NSE, BSE to remain shut on these two days As per the BSE, the Equity Segment, Equity Derivative Segment, SLB Segment and the Currency Derivatives Segment and Interest Rate Derivatives segments will remain closed for trading on Wednesday, April 17. The Commodity Derivative Segment on the Multi Commodity Exchange of India Limited (MCX) will remain shut for the morning session, while the evening session will be open on Wednesday, April 17.

Iran temporarily closed its nuclear facilities over «security considerations» in the wake of its massive missile and drone attack on Israel over the weekend, the head of the UN's atomic watchdog said Monday. Speaking to journalists on the sidelines of a UN Security Council meeting, International Atomic Energy Agency (IAEA) chief Rafael Grossi was asked whether he was concerned about the possibility of an Israeli strike on an Iranian nuclear facility in retaliation for the attack. «We are always concerned about this possibility. What I can tell you is that our inspectors in Iran were informed by the Iranian government that yesterday (Sunday), all the nuclear facilities that we are inspecting every day would remain closed on security considerations,» he said.

Cold War II: The world needs to minimize hot eruptions in West Asia Sullivan was to travel to India earlier this year in February but because of the global crisis in Ukraine and West Asia, the annual review meeting on iCET was rescheduled. "Due to ongoing events in the Middle East, NSA Sullivan has postponed his trip to India this week," a US embassy spokesperson said.

Israel-Iran Tensions Impact: Emerging-market currencies fell to a new low for the year as the dollar extended gains into a fifth day amid heightened geopolitical tensions and after robust US data boosted bets the Federal Reserve will delay interest-rate cuts. Also Read | Israel vows to respond to Iran's drone attack, US military military assets in Middle East | Top 10 updates The MSCI EM Currency Index dropped 0.2% on Tuesday to the lowest since December.

Day trading guide for stock market today: The Indian stock market witnessed sharp selling for the second day in a row on Monday as global equity bias continues to remain weak on the rising Iran-Iran conflict. The Nifty 50 index crashed 246 points or 1.10 percent and closed at the 22,272 level, the BSE Sensex tanked 845 points or 1.14 percent and finished at the 73,399 mark whereas the Bank Nifty index nosedived 791 points or 1.63 percent and ended at 47,773 level.

Investors are well aware that every war heightens uncertainty. It entails risks that are hard to price, as they defy probability estimates. A recency bias, however, must not get the better of us on the disruptive potential of hostilities in West Asia, where Israel’s night-sky was lit up on 13 April by the flares of aerial strikes by Iran in retaliation to an attack on its consulate in Syria.

Joe Biden help the Iranian regime by ignoring its nefarious activities like bankrolling Hamas and expanding its nuclear capabilities? After Tehran backed Houthi rebels and now attacked US ally Israel, this question has surfaced. Biden has also been accused of refusing to enforce sanctions imposed years ago. Tehran increased its oil exports, its most significant revenue source after Biden came to office four years back. Now, as the 2024 US Presidential Election is coming close and the campaign is picking up, the president will have to answer these allegations.

Middle East drove investors towards the safe-haven metal. FUNDAMENTALS

Federal Reserve is unlikely to be in a rush to cut interest rates this year. Rising geopolitical tensions kept risk sentiment in check, lifting prices of gold and oil, while investor focus in Asia turns to China with GDP data due at 0200 GMT.

Treasury yields and concerns about rising geopolitical tensions between Iran and Israel. With the S&P 500 coming off its biggest one-day percentage drop since Jan. 31 in the prior session, stocks opened higher in part after data showed retail sales increased by more than expected in March.

Middle East after Israel's military chief said his country would respond to Iran's weekend missile and drone attack amid calls for restraint by allies. Brent futures for June delivery rose 46 cents, or 0.5%, to $90.56 a barrel by 0005 GMT. U.S. crude futures for May delivery rose 43 cents, or 0.5%, to $85.84 a barrel.

Volodymyr Zelensky urged allies on Monday to show the same «unity» towards Ukraine as Israel, which said it repelled an Iranian attack over the weekend with Western support. Ukraine has in recent months grown increasingly frustrated at delays in Western aid, including air defences it says are urgently needed to repel deadly Russian attacks.

stock gauges, led by banking and financial shares, slumped more than 1% each Monday on mounting concerns of an escalation in the West Asia conflict, while likely central bank intervention in the currency markets cushioned the rupee's fall, but couldn't prevent a record closing low for the unit. Benign inflation prospects on a lower-than-expected rise in oil prices kept bond yields steady. The Nifty fell 246.9 points, or 1.1%, to 22,272.50. The Sensex declined 845.12 points, or 1.14%, to 73,399.78 in a volatile trading session that saw mixed responses across the Asia-Pacific to this weekend's Iranian drone attacks on Israel. China advanced 1.26%, Hong Kong fell 0.73%, South Korea declined 0.42%, and Taiwan dropped 1.38%.

markets succumbed to geopolitical concerns on Monday as indices remained under pressure throughout the session. Analysts said weakness was on account of the Iranian attack on Israel, persistent concerns over higher-for-longer US interest rates. «We expect domestic markets to witness near-term headwinds amid rising volatility. With the start of result season and poll promises by several political parties, we may continue to see sector & stock-specific action,» said Siddhartha Khemka, Head — Retail Research, Motilal Oswal.

With the bears back in control of the broader crypto market on Monday amid a continuation of concerns about the tense Iran/Israel situation and the latest strong US economic data, which will likely further deter the Fed from cutting interest rates, crypto traders are now flocking to the on-chain micro-cap markets as they hunt for top crypto gainers today.

Political and economic uncertainty may have investors trading cautiously but with Bitcoin’s halving on Friday set to revitalize what has been an already breakout year for crypto, one exciting new presale is getting a look-in: 99Bitcoins.

PAXG reached an all-time high of $2,855 on April 13 amid the ongoing conflict in the Middle East following the missile and drone attack. 

With cryptocurrency markets are choppy on Monday as traders weigh potentially easing geopolitical risks in the Middle East against another stronger-than-expected US economic data release, which has pushed traders further downsize bets on near-term rate cuts from the US Federal Reserve, crypto investors are turning to the altcoin market as they hunt for the best crypto to buy now.

S Jaishankar on Monday said that the government was sparing no efforts in getting the 17 Indians released. Speaking at a press conference in Bengaluru, he said that when he talked to his Iranian counterpart he seemed «responsive» and that he wanted the embassy officials to get in touch with the crew members soon. «Narendra Modi's guarantees are for both inside the country and outside,» he said, adding the Indian government would be there for any Indian who was in trouble outside the country.