Iran Financial News

UNHRC adopts resolution over Gaza war, India among 13 countries to abstain The US is on high alert and is preparing for a “significant" response from Iran against Israeli or American targets in the region. Earlier this week, an Israeli airstrike hit the Iranian consulate in Damascus, killing at least seven Iranians, including two generals. While Israel has repeatedly targeted Iran-linked assets in Syria over the past few months, this was the first time an attack struck an Iranian diplomatic building.

Qassem Suleimani with a drone strike in 2020. Israeli officials did not publicly claim responsibility for the strike (though in private they leave little doubt about their role). But they did argue that whoever bombed the embassy compound had a right to do so.

Middle East prompt a dramatic repricing of geopolitical risks. Fears of a wider region conflict are rising, with Israel increasing preparations for an attack from Iran in retaliation for its strike on the country's diplomatic compound in Syria. Limiting crude's gains were US jobs data that beat expectations and strengthened the dollar.

Oil prices extended gains on Friday and were on course for a second weekly gain, supported by geopolitical tensions in the Middle East, concerns over tightening supply and expectations about demand growth as economies improve. Brent crude was up 26 cents, or 0.3%, to $90.91 a barrel by 1252 GMT. U.S. West Texas Intermediate crude was at $86.65 a barrel, up 6 cents, or 0.1%.

Huawei of misleading banks about the tech company's business in Iran, among other charges, is heading toward a January 2026 trial. At a status conference on Thursday in Brooklyn, New York, Assistant US Attorney Alexander Solomon told US District Judge Ann Donnelly that «settlement discussions ended in an impasse. We believe it would be prudent to schedule a trial date.»

geopolitical tensions put a dent in risk sentiment, while traders were also cautious ahead of U.S. jobs data due later in the day. The threat of supply disruptions owing to a prolonged conflict in the Middle East kept Brent futures above $90 a barrel — a level not seen since last October. [O/R]

dollar held steady against peer currencies on Friday after rebounding from a two-week low, as traders braced for a key jobs report due later in the day and grew cautious over tensions in the Middle East. The yen, while still close to the 152 range, hit a two-week high against the greenback as safe-haven bids and fresh warnings from Japanese authorities buoyed the currency.

Oil prices extended gains on Friday and headed for a second weekly gain, supported by geopolitical tensions in Europe and the Middle East, concerns over tightening supply, and optimism about global fuel demand growth as economies improve. Brent crude climbed 49 cents, or 0.5%, to $91.14 a barrel by 0108 GMT. U.S. West Texas Intermediate crude was at $86.96 a barrel, up 37 cents, or 0.4%.

Also Read: FY24 Review | Brent rises 9% in last 12 months on OPEC cuts, Middle-East tensions; Will crude oil hit $100 in FY25? Both benchmarks closed on Wednesday at their highest levels since October, having received support in recent days from the heightened geopolitical tensions and potential supply risks. Back home, crude oil futures last traded 0.94 per cent lower at ₹7,095 per barrel against a previous close of ₹7,162 per barrel on the multi commodity exchange (MCX).

Oil prices reached their highest levels in five months this week, and economists say that could make the Bank of Canada a “little concerned” as it figures out the right time to cut interest rates.

Oil prices rose in early Asian trade on Thursday on concerns of lower supply as major producers are keeping output cuts in place and on signs of stronger economic growth in the U.S., the world's biggest oil consumer. Brent futures for June rose 15 cents, or 0.2%, to settle at $89.51 a barrel at 0037 GMT. U.S. West Texas Intermediate (WTI) futures for May rose 15 cents, or 0.2%, to $85.59 a barrel.

Chhatrapati Shivaji Maharaj was a legendary character in Indian history. He was the Maratha empire's founder and the first Chhatrapati. He had a high fever and diarrhea, and on April 3, 1680, he passed away. With the passing of Chhatrapati Sivaji Maharaj in 1680, an era of daring, brave Indian rulers came to an end. His life narrative is an embodiment of bravery, ingenuity, and nation-building. The famous Maratha warrior's death anniversary is observed as a reminder of the value of social justice, effective leadership, and strategic thinking.

Oil prices extended gains on Wednesday as a larger than expected fall in U.S. crude inventories and escalating geopolitical tensions raised investor worries about tighter supplies. Brent futures for June delivery rose 20 cents, or 0.22%, to $89.12 per barrel, while U.S. West Texas Intermediate (WTI) crude futures for May climbed 17 cents, or about 0.2%, to $85.32 a barrel, at 0015 GMT.

Israel and Iran have fought a shadow war across the Middle East, trading attacks by land, sea, air and in cyberspace. Iran has largely used foreign proxies to strike Israeli interests, while targeted assassinations of Iranian military leaders and nuclear scientists have been a key part of Israel's strategy. Israel's strike in the Syrian capital, Damascus, that killed three top Iranian commanders Monday was the most brazen attack in years, raising fears of a wider confrontation. That would be particularly dangerous in a region already in turmoil on multiple fronts, including Israel's war in the Gaza Strip, cross-border skirmishes between Israel and the Lebanese militant group Hezbollah and attacks by Yemen's Houthi militia against Western interests in the Red Sea. An escalation between Israel and Iran would also risk further entangling the United States, given the presence of U.S. troops in the region.

Benjamin Netanyahu admitted Tuesday that Israel's military had «unintentionally» killed seven aid workers with a US charity in an air strike in Gaza. World Central Kitchen had already said a «targeted attack» by Israeli forces on Monday had killed the group, which included Australian, British, Palestinian, Polish and US-Canadian employees.

worst atrocity against Jews since the Holocaust, conflict has spread across the Middle East. In all, ten countries are now caught up in fighting. In Gaza Israeli soldiers and Hamas are still killing each other, even as 2m people face famine.

sentenced in the case by an Islamabad accountability court on January 31. A day later, they were sentenced to seven years in jail each in a case related to their marriage during the latter’s Iddat period. The duo married in 2018, months before Khan was elected prime minister.

Also Read: Kung Fu Panda 4: Four valuable money lessons from Po's journey to becoming the Dragon Warrior Leonidas knew that with a small force, he would be unable to take on the might of the Persians on an open field. Thus, he chose to meet them at the Hot Gates, a small mountain pass that was just 12 metres wide, forcing the enemy into 1-on-1 combat. As a value investor, trying to take on the market in the short term is futile.

Arvind Kejriwal's ED summon challenge was listed for April 24. Meanwhile the Income Tax Department has issued a demand notice of ₹1,823 crore to the Congress. A hostage drama in the Netherlands ended peacefully after several hours on Saturday afternoon.

Indian Navy's specialist teams have completed sanitisation and seaworthiness checks of fishing vessel Al-Kambar, the statement read. On Friday, the Indian Navy rescued the hijacked Iranian fishing vessel and its crew, after more than 12 hours of “intense coercive tactical measures".

Somali pirates during a 12-hour-long-Arabian Sea operation on Friday. The incident occurred when Indian Navy warship INS Sumedha caught the hijacked vessel ‘FV A1-Kambar’ during the early hours of March 29, ANI reported. INS Trishul swiftly joined the INS Sumedha to bolster the operation.