Tehran, May 4 (IANS) The Navy of Iran’s Islamic Revolution Guard Corps (IRGC) on Monday claimed that it hit a US Navy frigate with two missiles that sought to pass through the Strait of Hormuz, the semi-official Fars news agency reported.The US frigate, which had set sail near Iran’s southern port city of Jask to cross the Strait of Hormuz “in violation of the traffic and shipping security,” was hit after ignoring the Iranian naval forces’ warning, Fars cited local sources as saying.It added tha…
Latest Donald Trump News & Updates
Mumbai, May 4 (IANS) Indian equity benchmarks ended higher on Monday but pared early gains to close off the day’s highs, as weakness in IT and banking stocks weighed on sentiment amid volatility linked to ongoing election results.The Sensex rose 356 points, or 0.46 per cent, to settle at 77,269.40, while the Nifty gained 121.75 points, or 0.51 per cent, to close at 24,119.30.Commenting on Nifty technical outlook, experts said that from a derivatives perspective, the structure remains clearly d…
Seoul, May 4 (IANS) South Korean stocks shot up by more than 5 per cent to close at a fresh high on Monday, approaching the 7,000-point mark, as investors scooped up semiconductor shares while awaiting developments in US-Iran peace talks. The Korean won rose sharply against the US dollar.The benchmark Korea Composite Stock Price Index (KOSPI) added 338.12 points, or 5.12 percent, to a fresh record high of 6,936.99.Trade volume was heavy at 864.3 million shares worth 41.3 trillion won (US$28.2 bi…
Tehran, May 4 (IANS) Iran on Monday warned the US army against entering the Strait of Hormuz and said that they will be attacked if they intend to approach and enter the Strait.”We warn that any foreign armed forces, especially the aggressive US army, will be attacked if they intend to approach and enter the Strait of Hormuz,” said Iran’s main military command, Khatam al-Anbiya Central Headquarters, in a statement.The warning came after the United States announced it would start on Monday to fre…
Mumbai, May 4 (IANS) Gold and silver prices declined up to 1 per cent on Monday amid signs of easing geopolitical tensions between the US and Iran, following remarks by US President Donald Trump.On the Multi Commodity Exchange (MCX), gold contracts for June 5 opened at Rs 1,51,150, down Rs 382 or 0.25 per cent from the previous close of Rs 1,51,532.At around 11.30 a.m., gold was trading at Rs 1,50,623, lower by Rs 729 or 0.48 per cent. The yellow metal touched an intraday low of Rs 1,50,400, a d…
Mumbai, May 4 (IANS) Global crude oil prices declined almost 3 per cent on Monday after US President Donald Trump said Washington would take steps to help clear vessels stranded in the Strait of Hormuz, though the lack of a breakthrough in US-Iran talks kept prices above the $100-mark.International benchmark Brent crude slipped 66 cents or 0.61 per cent to $107.51 per barrel, while US West Texas Intermediate (WTI) fell $2.83 or 2.77 per cent to $99.11 a barrel.On the domestic front, crude oil fu…
Mumbai, May 4 (IANS) Indian equity benchmarks opened on a strong note on Monday, with indices gaining 1 per cent each in the morning trade, aided by softer crude oil prices amid indications of easing tensions in West Asia amid early Assembly election trends in key states.Sensex surged as much as 833 points or 1.08 per cent to hit an intraday high of 77,746.79 in early deals, while Nifty touched 24,245.85, up 250 points or 1.03 per cent.On the sectoral front, buying interest was seen across auto,…
Seoul, May 4 (IANS) South Korean stocks opened at a fresh high of over 6,700 on Monday as US President Donald Trump announced plans to free ships stranded in the Strait of Hormuz, while Washington and Tehran exchanged their proposals for peace talks.After opening at a fresh record high of 6,782.93, or 2.79 percent higher, the benchmark Korea Composite Stock Price Index (KOSPI) added 157.3 points, or 2.38 percent, to 6,756.17 as of 9:15 a.m.The index had risen three straight sessions to close at …
Berlin, May 4 (IANS) German Chancellor Friedrich Merz said, despite the recent verbal tensions with US President Donald Trump, he would not give up on cooperation with the US side.The Pentagon announced on Friday that it is planning to withdraw about 5,000 US troops from Germany. This announcement came after Merz’s remarks about the United States being “planless” in its military engagement in Iran and “humiliated by the Iranian leadership.”During an interview with public broadcaster ARD, Merz al…
Washington, May 4 (IANS) The United States will begin a major military-backed operation to escort commercial vessels through the Strait of Hormuz, as President Donald Trump announced a humanitarian effort to free ships stranded amid escalating tensions in the Middle East.Trump said multiple countries had approached Washington for help, citing vessels “locked up in the Strait of Hormuz” despite having “absolutely nothing to do” with the ongoing conflict.“For the good of Iran, the Middle…