Iran Financial News
31.12 / 18:54
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Israel Embassy blast: Investigators take cue from previous attacks
probe into the blast near the Israel Embassy widens, investigators have started looking for clues from two similar incidents in the past: An IED blast in the same locality in 2021 and an attack on an Israeli diplomat in 2012. The National Investigation Agency probing the 2021 blast case has been unable to make any breakthrough so far. In February 2012, when a diplomat was targeted in Chanakyapuri, similar attempts were made on an Israel embassy staff member in Tbilisi, the capital of Georgia, and another in Bangkok.
31.12 / 15:33
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Houthis show no sign of ending 'reckless' Red Sea attacks as trade traffic picks up, says commander
commercial ships in the Red Sea, the top commander of US naval forces in the Middle East says, even as more nations join the international maritime mission to protect vessels in the vital waterway and trade traffic begins to pick up. Since Operation Prosperity Guardian was announced just over 10 days ago, 1,200 merchant ships have traveled through the Red Sea region, and none had been hit by drone or missile strikes, Vice Adm. Brad Cooper said in an Associated Press interview, although the US military said that one ship reported being struck by a missile late Saturday.
31.12 / 05:23
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Charting the global economy: Maritime attacks drive up costs
container ships that typically transit the key maritime artery of the Red Sea and Suez Canal are rerouting after a multitude of attacks by Iran-backed Houthi militants. Combined with disruptions at a drought-stricken Panama Canal in the Western Hemisphere, the rise in merchant shipping rates poses headwinds for central bankers in their inflation fight. Meantime, the economy in Vietnam exceeded expectations this year and is poised for better results in 2024.
30.12 / 05:57
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Why Oil Prices Never Surged to $100 This Year
Travelers, truckers and shippers worldwide can thank the U.S. for helping keep a lid on oil and gasoline prices this year. A year ago, Wall Street analysts were predicting the international benchmark for oil prices would surge from around $85 a barrel to well over $100 in 2023.
29.12 / 15:55
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BRICS to Grow as Saudi, Iran, UAE, Egypt, Ethiopia Join Ranks
(Bloomberg) — Membership of the BRICS group of emerging-market nations is set to double, with Saudi Arabia, Iran, the United Arab Emirates, Ethiopia and Egypt to join its ranks on Jan. 1, South Africa’s envoy to the bloc said.
28.12 / 19:03
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Political outcomes aren’t likely to impact the economy all that much
With 2024 around the corner, it is a good time to take stock of the prevailing political uncertainties around the world and their possible economic consequences. It is a vast subject. In this short column, I will touch on only a few key political fault-lines and share some speculations on their possible economic consequences.
28.12 / 17:56
28.12 / 11:17
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'No-hydrocarbon world is dreamland:' AIMCo CEO Evan Siddall on investment opportunities in 2024
Pensions plans made the political headlines in 2023 like seldom before, from Alberta’s threat to pull out of the Canada Pension Plan with more than half of the fund’s assets to Ottawa’s desire, stated in the fall fiscal update, to have the globetrotting trillion-dollar asset managers invest more at home. The Financial Post spoke to Alberta Investment Management Corp. chief executive Evan Siddall about these issues, geopolitics and how AIMCo is evolving its investment strategy for 2024 and beyond. This interview has been edited and condensed for space.
28.12 / 11:11
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Oil prices stabilise as Red Sea transport disruptions ease
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28.12 / 07:40
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Mint Explainer: Why the Israeli embassy in Delhi is a hotspot
Mint takes a look into previous incidents targeting the Israeli embassy in India, and possible reasons. On the evening of 26 December, a loud blast occurred near the Israeli embassy in New Delhi. There were no casualties but the incident has heightened fears of possible attacks on Israeli citizens in India.
28.12 / 01:58
27.12 / 12:15
27.12 / 11:37
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Live updates | Israel expands offensive in central Gaza as Netanyahu aide meets with US officials
The Israeli military says it has expanded its ground offensive in the Gaza Strip to the densely populated urban refugee camps in the central part of the territory
27.12 / 03:34
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Oil prices dip after rallying on Red Sea woes, US SPR refill
Investing.com-- Oil prices fell slightly on Wednesday, retreating from strong gains in the prior session as supply disruptions in the Red Sea and the prospect of early U.S. interest rate cuts in 2024 lent some support to crude.
27.12 / 01:48
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US shoots down 12 Houthi attack drones, 5 missiles in Red Sea
missiles, which it claimed were launched by the Iran-backed Houthis. There was no damage to ships in the area or injuries reported, the US Central Command (CENTCOM) said. «U.S. assets, to include the USS LABOON (DDG 58) and F/A-18 Super Hornets from the Eisenhower Carrier Strike Group, shot down twelve one-way attack drones, three anti-ship ballistic missiles, and two land attack cruise missiles in the Southern Red Sea that were fired by the Houthis over a 10 hour period which began at approximately 6:30 a.m.
26.12 / 19:18
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India to initiate strict action against Red Sea attackers: Rajnath Singh
NEW DELHI : Union defence minister Rajnath Singh, has vowed to take decisive action against those responsible for the assaults on the India-linked shipping vessels, MV Chem Pluto and MV Sai Baba, amid escalating tensions in the Red Sea region. For over a month, attacks by Yemen’s Houthi rebels on vessels using the crucial Red Sea shipping route have heightened uncertainty in the global economy. “The recent drone attacks on the MV Chem Pluto in the Arabian Sea and a few days ago on the MV Sai Baba in the Red Sea have been taken very seriously by the Indian government.
26.12 / 18:28
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Perpetrators will be brought to justice: Defence Minister Rajnath Singh after drone attack on merchant vessel
suspected drone attack on a merchant vessel off the Porbandar coast and perpetrators of the strike will be brought to justice, defence minister Rajnath Singh said on Tuesday. Speaking at the commissioning ceremony of stealth destroyer INS Imphal, the Union minister said that India's growing economic and strategic power has caused jealousy and hatred, and attacks on ships ferrying goods to the country have been taken very seriously. «The Indian government has taken the recent drone attack on MV Chem Pluto in the Arabian Sea and the attack on MV Saibaba in the Red Sea a few days ago very seriously.
26.12 / 18:28
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Israeli minister hints at retaliatory actions taken in Iraq, Yemen, Iran
Yoav Gallant hinted on Tuesday that the country had retaliated in Iraq, Yemen and Iran for attacks carried out against it as the war with Hamas-led Palestinian militants in the Gaza Strip widens to other areas of the region. «We are in a multi-front war and are coming under attack from seven theatres: Gaza, Lebanon, Syria, Judea and Samaria (West Bank), Iraq, Yemen and Iran.
26.12 / 17:20
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MV Chem Pluto drone attack: Indian Navy enhances warships' presence, air surveillance in Indian Ocean region
national maritime agencies towards ensuring the safety of merchant marine in the region," the Indian Navy said in a release. While speaking specifically about the attack on MV Chem Pluto, the Indian Navy informed that it conducted an on-scene examination and took crew inputs about the attack. “Based on MV Chem Pluto crew inputs and on-scene examination, the analysis by the Indian Navy team points to a strong possibility of a drone attack.
26.12 / 13:04
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Iran undoes slowdown in enrichment of uranium to near weapons-grade: IAEA
Iran has reversed a months-long slowdown in the rate at which it is enriching uranium to up to 60% purity, close to weapons grade, the U.N. nuclear watchdog said on Tuesday. Many diplomats believed the slowdown, which had begun by June, was the result of secret talks between the United States and Iran that led to the release of U.S.
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