Iran Financial News

Strait of Hormuz and seized the vessel Saturday, authorities said. Iran's state-run IRNA news agency acknowledged the seizure after a video seen by The Associated Press showed the commandos raiding the ship Saturday, an attack a Mideast defense official attributed to Iran amid wider tensions between Tehran and the West. The attack was earlier reported by the British military’s United Kingdom Maritime Trade Operations, which said it took place in the Gulf of Oman off the Emirati port city of Fujairah.

Strait of Hormuz by helicopter Saturday, an attack a Mideast defence official attributed to Iran amid wider tensions between Tehran and the West. The video showed the attack earlier reported by the British military's United Kingdom Maritime Trade Operations. It had offered no details about the boarding in the Gulf of Oman off the Emirati port city of Fujairah. The defence official, who spoke on condition of anonymity to discuss intelligence matters, shared the video with the AP. Though the AP could not immediately verify it, it corresponded to known details of the boarding and the helicopter involved appeared to be one used by Iran's paramilitary Revolutionary Guard, which has carried out other ship raids in the past.

AI) chips to China's military modernization efforts. This move comes as part of the US government's efforts to prevent sensitive American technology from being used for military purposes in China. The blacklisted companies, including Linkzol (Beijing) Technology Co, Xi'an Like Innovative Information Technology Co, Beijing Anwise Technology Co, and SITONHOLY (Tianjin) Co, were among 11 additions to the Commerce Department Entity List this week. Being placed on this list makes it significantly challenging for these companies to access American goods and technology.

Oil rose around 1% on Friday on geopolitical tensions in the Middle East but posted a weekly loss on a bearish world oil demand growth forecast from the International Energy Agency (IEA) and worries about slower U.S. interest rate cuts. Brent crude futures settled up 71 cents at $90.45 a barrel, while U.S. West Texas Intermediate crude futures rose 64 cents to $85.66.

Jerome Powell was poised to kick off the great monetary pivot in earnest thanks to the steady demise of inflation, while Corporate America’s famous profit machine vindicated the euphoria on Wall Street and beyond. Now after a week of geopolitical tensions and bond volatility, life is getting harder for money managers who are sitting on some of their highest exposures to stocks and credit combined in a decade.

The dollar index was on track to post its largest weekly percentage gain since September 2022. It was last up 0.7% at 106.02.

Multibagger stocks to buy: Shares of Tata Power and Adani Power are one of the multibagger stocks that the Indian stock market has delivered in recent years. However, some analysts are still bullish on the fundamentals and technical of these businesses.

Regional tensions have intensified following Iran's warning of retaliation against Israel over an attack on its embassy in Damascus that resulted in the deaths of two Iranian generals. This development has heightened concerns about a potential escalation in the already volatile region, with countries like India, France, and Russia advising against travel to the area. Threat of Direct Iranian Attack on Israel Iran perceives the strike on its embassy as an attack on its territory, raising the possibility of a direct Iranian assault on Israel. This threat comes amid ongoing tensions over the war in Gaza, which has entered its seventh month.

market such as bonds and the dollar. Oil rose. Equities saw their worst day since January after a news report that Israel was bracing for an attack by Iran on government targets.

Iran planning to attack Israel in next 24 hours? Here's what new report says On Friday, the US President said he expected Iran to attack Israel "sooner, rather than later". Biden also explicitly defended Israel by saying, "We will support Israel. We will help defend Israel and Iran will not succeed".

Gold rate today: Despite the continuous rally in the US dollar rates and the US Treasury yield, gold prices finished higher for the fourth week in a row. The MCX gold rate registered over ₹1,000 per 10 gm on Friday and touched a fresh high of ₹73,461 per 10 gm mark.

Asked by reporters about his message to Iran, Biden said simply, «Don't,» and he underscored Washington's commitment to defend Israel. «We are devoted to the defense of Israel. We will support Israel. We will help defend Israel and Iran will not succeed,» he said.

₹2.54 trillion on the NSE. While some experts said investors were spooked by concerns over escalation of the Middle East crisis, a delay in rate cuts by the US, and an amendment to the India-Mauritius tax treaty, others pooh-poohed these concerns and said the correction was expected and healthy. The sectors that saw the highest profit booking were banking, IT, infra, oil and gas, and pharma.

an attack in Damascus, Syria. Tehran had accused Israel of launching airstrike on a consulate building. It had reportedly killed 13 people, including a senior member of the Islamic Revolutionary Guard Corps’ elite Quds Force.

Gold prices hit all-time high on strong US inflation figures, Fed rate cut buzz. Silver price also climbs a new peak Drawing inspiration from the upward movement of gold, platinum surpassed the significant psychological threshold of $1,000 per ounce, reaching its highest point in almost four months. The White House emphasized the genuine and substantial threat of a potential attack by Iran on Israel, without disclosing specific timing details.

NEW DELHI : India on Friday issued an advisory, warning its citizens against travelling to Iran and Israel due to escalating tensions between the two West Asian nations. “In view of the prevailing situation in the region, all Indians are advised not to travel to Iran or Israel till further notice. All those who are currently residing in Iran or Israel are requested to get in touch with Indian embassies there and register themselves.

Gold jumped to another record as the safe haven asset was boosted by simmering Middle East tensions.

The ongoing conflict between Israel, the United States, and Iran and its regional allies in Lebanon, Iraq, Syria, and Yemen continues to escalate tensions in the Middle East. The recent Gaza war, triggered by Hamas's October 7 attack on Israel, resulted in significant civilian casualties and hostage-taking.

FUNDAMENTALS

Middle East, where Iran has promised to retaliate for a suspected Israeli air strike on its embassy in Syria, which could risk disruptions to supply from the oil producing region. Brent crude futures climbed 34 cents, or 0.38%, to $90.08 a barrel, while U.S. West Texas Intermediate crude futures rose 44 cents, or 0.51%, to $85.45, at 0033 GMT.

Israel was on alert Thursday after its arch-foe Iran threatened reprisals over a strike in Syria this month that killed two Iranian generals, and as the war against Hamas ground on in Gaza. Days after Israel strengthened its air defences and paused leave for combat units, the United States also warned of the risk of an attack by Iran or its allied groups at a time when Middle East tensions have soared. Iran is «threatening to launch a significant attack on Israel», US President Joe Biden said Wednesday, pledging «ironclad» support for its top regional ally despite diplomatic tensions over Israel's military conduct in Gaza.