Iran Financial News

Investing.com-- Oil prices fell in Asian trade on Monday as investors locked in some profits after stellar gains over the prior week, with focus now turning to any more developments in the Israel-Hamas war and cues from key industry reports. 

Iran marked Sunday the 45th anniversary of the 1979 Islamic Revolution amid tensions gripping the wider Middle East over Israel's continued war on Hamas in the Gaza Strip. Thousands of Iranians marched through major streets and squares decorated with flags, balloons and banners with revolutionary and religious slogans. In Tehran, crowds waved Iranian flags, chanted slogans, and carried placards with the traditional «Death to America» and «Death to Israel» written on them. Some burned US and Israeli flags, a common practice in pro-government rallies. Processions started out from several points, converging at Azadi Square. State TV showed crowds in many cities and towns, claiming that «millions participated in the rallies» across the country.

Meta has removed Instagram and Facebook accounts run on behalf of Iran’s Supreme Leader Ayatollah Ali Khamenei after criticism over his support for Hamas after its Oct. 7 attack on Israel that sparked the monthslong war still raging in the Gaza Strip

Iran. New Delhi may see the attack as an opportunity to improve ties with Tehran and open a second front against Pakistan. That would be a mistake. India needs only to consider the aftermath of the October 7 terrorist attacks by Tehran-backed Hamas in Israel to realise this. That assault has led to a growing chain of military conflicts that negatively affect India's vital national interests in trade, energy and transport. Here's how Iran's actions and policies are undermining India's interests:

As the White House ponders its response to the attack on Tower 22, the U.S. military outpost in Jordan, the news from the Middle East could hardly be worse. From Gaza to the Red Sea and from Jordan to Iraq, a stream of unprovoked attacks by Iran and its proxies are driving President Biden into the greatest crisis of his presidency.

Denmark on Monday sent a frigate to the Red Sea, where it will participate in a U.S.-led coalition to safeguard commercial traffic against attacks by Yemen's Houthi militants. The Iran-aligned Houthi have launched waves of exploding drones and missiles at commercial and navy vessels since Nov.

Iran denied Monday any links to a drone strike in Jordan that killed three US military personnel and said it was not seeking an «expansion» of conflict in the Middle East. The killing of three American troops on Sunday in a strike in Jordan marked the first US military losses in the region since the Israel-Hamas war began. US President Joe Biden said "radical Iran-backed militant groups operating in Syria and Iraq" were behind the strike on the frontier base in Jordan's northeast. British Foreign Secretary David Cameron reiterated a call for Iran «to de-escalate in the region». Iran lambasted what it described as «baseless accusations» and said they were a «projection» and part of a «conspiracy of those who see their interests in dragging America's foot into a new battle». «The Islamic Republic of Iran does not welcome the expansion of conflict in the region,» Iran's foreign ministry spokesman Nasser Kanani said in a statement, adding that Tehran «is not involved in the decisions of the resistance groups». Iran has previously said it sees it as «duty» to support what it calls «resistance groups» in the region but insists they are «independent» in decision and action. Sunday's strike also left 34 personnel wounded, eight of whom required evacuation, according to the US Central Command. US troops operate at the base known as Tower 22 near Jordan's border with Iraq and Syria as part of an international coalition against the Islamic State jihadist group. Tensions have surged in the Middle East since Palestinian militant group Hamas launched an unprecedented attack on Israel on October 7, leaving around 1,140 deaths, mostly civilians, according to an AFP tally of official figures. Israel has since launched a

Syria and Iraq, Reuters reported. It is pertinent to note that there are 350 US Army and Air Force troops at the base as it includes logistics support. However, there is little known publicly about the Tower 22 base.

Amir-Abdollahian on Monday visited Islamabad at the invitation of his Pakistani counterpart Jalil Abbas Jilani. This diplomatic engagement took place amidst tension in relations following recent reciprocal strikes between the two countries.

Joe Biden said on Sunday that the US “shall respond" in response to an overnight drone strike near the Syrian border in northeast Jordan, resulting in the deaths of three American troops and injuries to dozens more. As reported by AP, Biden blamed the initial US fatalities in months, amid ongoing strikes by similar groups against American forces in the Middle East, on Iran-backed militias.

By Florence Tan

Iran-backed Houthi forces in Yemen who are regularly attacking commercial ships passing through Red Sea waters off Yemen's coast. While the United States has thus far maintained an official line that Washington is not at war in the region, it has been retaliating against the Iran-backed groups in Iraq and Syria and carrying out strikes against Yemen's Houthi military capabilities.

drone attack on a base in Jordan killed three American troops and wounded more than 30 on Sunday, with President Joe Biden blaming Iran-backed militants and vowing to hold the perpetrators to account. It is the first time American military personnel have been killed by hostile fire in the Middle East since the war between Israel and Iran-backed Hamas began, and the incident will further raise tensions in the region and add to fears of a broader conflict directly involving Tehran. «While we are still gathering the facts of this attack, we know it was carried out by radical Iran-backed militant groups operating in Syria and Iraq,» Biden said in a statement, pledging to hold «all those responsible to account at a time and in a manner of our choosing.» Later in the day at a South Carolina church banquet hall, the president held a moment of silence for the US troops killed in the attack, then said: «We shall respond.» Hamas spokesman Sami Abu Zuhri called the attack «a message to the American administration that unless the killing of innocent people in Gaza stops, it may be faced with the entire (Muslim) nation.» «The continuation of the American-Zionist aggression on Gaza risks a regional explosion,» Abu Zuhri said. The US Central Command (CENTCOM) said Sunday evening that the attack had hit a logistics support base located at Tower 22, in northeast Jordan, and that it wounded at least 34 service members, eight of whom required evacuation from the country. There are around 350 US Army and Air Force personnel at the base who conduct «a number of key support functions,» including for the international coalition against the Islamic State jihadist group, CENTCOM said. Jordan's government spokesman Muhannad Mubaidin,

Joe Biden vowed retaliation, saying in a statement that “we will hold all those responsible to account at a time and in a manner our choosing." The administration believes a stronger response is warranted than with previous attacks in which Americans were not killed, according to a person familiar with US deliberations. “We shall respond," Biden said later Sunday at a campaign event in Columbia, South Carolina.

Three American troops were killed and dozens were injured Sunday in a drone strike in northeast Jordan near the Syrian border, the U.S. military said. President Joe Biden blamed Iran-backed militias for the first U.S.

ISIS." Also Read: America and Iran step closer to the brink of war Austin said that US President Joe Biden and he will not tolerate attacks on American forces, and “we will take all necessary actions to defend the United States, our troops, and our interests." He noted that Iran-backed militias are responsible for these continued attacks on US forces, and “we will respond at a time and place of our choosing." “These brave Americans and their families are in my prayers, and the entire Department of Defence mourns their loss," he said. Also Read: Three US service members killed, many wounded in drone attack on US forces in Jordan: Joe Biden The drone attack represents the initial occurrence of US troops losing their lives to enemy gunfire in the Middle East since the beginning of the Gaza war.

Iran-backed militants launch missile attack on Iraq airbase, US soldiers injured Last week, Iran's Islamic Revolutionary Guard Corps sent the research satellite Soraya into space. However, Britain, France, and Germany condemned that launch.

By Phil Stewart, Steve Holland and Idrees Ali

WASHINGTON (Reuters) — Three U.S. service members were killed and as many as 34 wounded, United States officials said on Sunday, after a drone attack in Jordan that they linked to Iranian-backed militants.

AP quoted US President Joe Biden as saying in a statement on 28 January. It is the first time American military personnel have been killed by hostile fire in the Middle East since the start of the Israel-Hamas war, and the incident will further raise tensions in the region and fuel fears of a broader conflict directly involving Iran. Hamas said the death of the soldiers shows Washington's backing for Israel could put it at odds with the whole Muslim world if the Gaza war continues and that it could lead to a "regional explosion." "While we are still gathering the facts of this attack, we know it was carried out by radical Iran-backed militant groups operating in Syria and Iraq," Biden said in a statement.

Iran on Saturday, Pakistan's ambassador and a rights group said, amid efforts by the two countries to mend ties after tit-for-tat attacks. «Deeply shocked by horrifying killing of 9 Pakistanis in Saravan. Embassy will extend full support to bereaved families,» the Pakistani ambassador to Tehran, Muhammad Mudassir Tipu, said on the X platform. «We called upon Iran to extend full cooperation in the matter.»