Washington, June 15 (IANS) US President Donald Trump arrived in France for the Group of Seven Summit carrying what may become the defining diplomatic issue of the gathering: a still-unpublished agreement with Iran that promises to reopen the Strait of Hormuz and pause a conflict that has rattled energy markets and unsettled allies.The agreement, announced on Sunday, is expected to dominate discussions among G7 leaders, many of whom are seeking answers about a deal whose details remain largely un…
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Washington, June 15 (IANS) Israeli leaders and opposition figures have sharply criticised US President Donald Trump’s emerging agreement with Iran, warning that the deal risks leaving key security concerns unresolved even as Washington celebrates what it describes as a major diplomatic breakthrough.The criticism comes as details of the agreement remain closely held and world leaders prepare to discuss its implications at this week’s G7 summit in France. According to The Washington Post, the deal…
New Delhi, June 15 (IANS) Business chamber Assocham on Monday welcomed the peace deal between the USA and Iran as a major breakthrough that would benefit the entire world and bring the global economy back on the growth path.Assocham president Nirmal K Minda said, “The peace deal had been awaited for many weeks. This is a major breakthrough between the USA and Iran for the benefit of the whole world, as war benefits no one.”“India, though it mitigated the West Asia war impacts to a large ex…
Bratislava, June 15 (IANS) Prime Minister Narendra Modi on Monday welcomed the understanding reached between the US and Iran on ending the conflict in West Asia and expressed India’s hope that the implementation of this understanding will help restore peace and stability in the region. PM Modi’s statement came after US President Donald Trump announced that the United States and Iran had completed a deal that would reopen the Strait of Hormuz and end the US naval blockade, marking what he describ…
Mumbai, June 15 (IANS) Gold and silver prices traded higher on Monday, with precious metals gaining up to 3 per cent as a weaker US dollar and expectations around future US Federal Reserve policy decisions supported investor sentiment.The gains came even as geopolitical tensions eased after US President Donald Trump announced that Washington and Tehran had reached a peace agreement and that the deal is expected to be formally signed on June 19.On the Multi Commodity Exchange (MCX), gold futures …
New Delhi, June 15 (IANS) The Indian rupee strengthened by 58 paise against the US dollar on Monday as global crude oil prices tumbled after US President Donald Trump announced that Washington and Tehran had finalised a peace deal and agreed to reopen the Strait of Hormuz.The domestic currency opened at 94.70 against the greenback in the interbank foreign exchange market and further appreciated to 94.60, a gain of 58 paise from its previous close. In the last session, the rupee had settled 67 pa…
New Delhi, June 15 (IANS) Global crude oil prices declined by nearly 5 per cent on Monday after the United States and Iran reached an agreement and announced the reopening of the Strait of Hormuz, easing concerns over disruptions to global energy supplies.The international oil benchmark Brent crude fell as much as 4.90 per cent to $83.05 per barrel in early trade, while US West Texas Intermediate (WTI) crude plunged 5.74 per cent to around $80 per barrel.According to market experts, Asian equiti…
Mumbai, June 15 (IANS) Domestic equity markets opened sharply higher on Monday after US President Donald Trump announced that a deal with Iran had been finalised and the Strait of Hormuz would be reopened.Sensex began the session with a surge of around 1,200 points or 1.6 per cent at 76,725.27 while Nifty opened around 360 points or 1.53 per cent higher at 23,984.85.Sectorally, Nifty Realty surged 2.59 per cent, followed by Nifty Cement, which gained 2.46 per cent, while Nifty Auto advanced 1.92…
Canberra, June 15 (IANS) Australian Prime Minister Anthony Albanese on Monday welcomed the peace deal between the US and Iran and issued a call for both sides to show continued restraint. In a joint statement with Foreign Affairs Minister Penny Wong, Albanese said that the Australian government is “pleased” that the agreement includes steps towards re-opening the Strait of Hormuz and restoring freedom of navigation, reports Xinhua news agency.”Australia has long called for de-escalation and an e…
Wellington, June 15 (IANS) New Zealand on Monday welcomed progress toward a US-Iran agreement aimed at ending the Middle East conflict.”This pivotal, constructive deal is a step toward reducing tensions and promoting stability in a region that is critical to global economic security,” Foreign Minister Winston Peters said in a statement.Peters noted that disruptions to the Strait of Hormuz, a key oil and shipping route, have had serious impacts on New Zealand’s economy and that of its Pacific par…