Iran Financial News

Also Read: Government cuts windfall tax on crude petroleum to ₹1,700/tonne effective tomorrow Back home, on the Multi Commodity Exchange (MCX), crude oil futures due for a January 19 expiry, was last trading 0.72 per cent higher at ₹6,051 per bbl, having swung between ₹5,969 and ₹6,109 per bbl during the session, against a previous close of ₹6,008 per barrel. -Analysts say that oil prices may find a ceiling unless production is shut in. Oil markets are still sensitive to tensions in the Middle East, but the base case remains that we'll see no significant disruption to flows, according to OANDA analysts.

Sen. Markwayne Mullin, R-Okla., reacts to the U.S.-U.K. militaries launching strikes against Houthis in Yemen and weighs in on the Iowa caucuses on 'The Bottom Line.'

Brent crude futures gained 81 cents, or about 1.04%, to $78.96 a barrel at 1333 GMT. The contract had lost 14 cents on Monday. U.S.

US Navy SEALs seized Iranian-made missile parts and other weaponry from a ship bound for Yemen's Houthi rebels in a raid last week that saw two of its commandos go missing, the US military said Tuesday. The raid marks the latest seizure by the US Navy and its allies of weapon shipments bound for the rebels, who have launched a series of attacks now threatening global trade in the Red Sea and Gulf of Aden over Israel's war on Hamas in the Gaza Strip. The seized missile components included types likely used in those attacks.

strikes in Syria and Iraq, Iran has sought to «flex its muscles» in the fallout of the Israel-Hamas war without provoking a confrontation with the United States, analysts said. In neighbouring Iraq, the strikes by Iran's Revolutionary Guards targeted an alleged Israeli «spy headquarters» in the autonomous Kurdish region in response to the assassination of Iranian and pro-Iranian commanders in recent weeks. In Syria, the strikes targeted the Islamic State jihadist group in response to twin suicide bombings that killed around 90 people at an official memorial event in southern Iran earlier this month.

Qatar’s prime minister has warned of the massive destruction inflicted by Israel’s offensive on Gaza and criticized the Israeli defense minister’s rejection of a cease-fire in the battered enclave

Gold fell slightly on Tuesday as the U.S. dollar and Treasury yields jumped, with investors awaiting comments from a host of Federal Reserve speakers this week for more clarity on the central bank's interest rate trajectory.

Investing.com-- Oil prices moved little in Asian trade on Tuesday as traders awaited more developments in the Middle East, while a string of key economic readings due this week also kept markets on edge.

By Arathy Somasekhar

S Jaishankar announced that the Government of India has decided to include Farsi (Persian) as one of the nine classical languages in India under the New Education Policy. «The government of India has decided to include Farsi as one of the nine classical languages of India in our New Education Policy,» said Jaishankar, highlighting the cultural, literary, and linguistic connections between Iran and India. Jaishankar, who is on a two-day visit to Iran, made the above remarks during a joint press conference with his Iranian counterpart, H Amir-Abdollahian on Monday. This recognition reflects a commitment to fostering greater understanding and appreciation of Farsi's rich heritage within the Indian educational framework. Tamil was the first language in India to be accorded classical language status in 2004.

By Jana Choukeir, Ahmed Elimam and Robert Harvey

NEW DELHI : New Delhi and Tehran discussed the spate of Houthi attacks on shipping vessels in the Red Sea during external affairs minister S. Jaishankar’s visit to Iran, said India’s foreign ministry. “As you are all aware, recently there has also been a perceptible increase in threats to the safety of maritime commercial traffic in this important part of the Indian Ocean.

Yemen’s Houthi rebels have fired an anti-ship cruise missile toward an American destroyer in the Red Sea

S Jaishakar on Monday met Iran's Minister of Roads and Urban Development and discussed on establishing a «long-term cooperation framework» for Chabahar port, a strategic maritime facility situated on the southereastern coast of Iran. EAM Jaishankar is in Iran as part of the ongoing high-level exchanges between the two sides, according to the Ministry of External Affairs. «Began my engagements in Tehran by meeting Minister of Roads and Urban Development @mehrdadbazrpash.

By Natalie Grover

Investing.com-- Oil prices retreated Monday as markets awaited new developments in the Middle East conflict, while anticipation of several key U.S. and Chinese economic readings this week kept sentiment on edge.

Yemen in response to the Iran-backed rebel group’s attacks on ships in the Red Sea may be limited, a former U.S. diplomat says.Frank Lowenstein, who served as the U.S.

a scrappy insurgency in desolate northern Yemen has managed to put itself in conflict with both the Middle East’s strongest power and the world’s superpower. Early on January 12th American and British warplanes bombed dozens of targets in Yemen. More allied strikes could take place.

(Corrects paragraph 2 to say Subramaniam took over as CEO in 2022, not 2023)

After 100 days, Israel’s war with Hamas is turning into a protracted conflict with no clear end, threatening to spread across the Middle East, disrupt global trade and bog down the U.S. One of the biggest geopolitical events this century, the war has swung from a Hamas attack on Oct. 7 that Israel says killed 1,200 people to the Israeli military’s ferocious retaliation against the militant group in Gaza.

The U.S. military has struck another Houthi-controlled site in Yemen that it had determined was putting commercial vessels in the Red Sea at risk