Ankara, July 8 (IANS) US President Donald Trump on Wednesday warned Iran that the United States was prepared to launch further military strikes and even reimpose a naval blockade if Tehran continued its attacks, while declaring that he no longer believed negotiations over its nuclear programme were worth pursuing despite leaving the door open for his envoys to keep talking.Speaking during separate appearances with NATO Secretary General Mark Rutte and later Ukrainian President Volodymyr Zelensky…
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Mumbai, July 8 (IANS) Indian benchmark equity indices witnessed their sharpest single-day decline in more than three months on Wednesday as escalating tensions in West Asia dampened investor sentiment and sparked a broad-based selloff across sectors.The Sensex plunged 1,677.12 points, or 2.15 per cent, to close at 76,503.60, while the Nifty dropped 516.65 points, or 2.12 per cent, to settle at 23,882.05.Commenting on Nifty technical outlook, experts said that the 24,000 region is now expected to…
New Delhi, July 8 (IANS) Global crude oil prices surged more than 6 per cent on Wednesday after US President Donald Trump said the ceasefire between Washington and Tehran was effectively over following a fresh round of American military strikes on Iran, intensifying concerns over energy supplies from West Asia.International oil benchmark Brent crude climbed as much as 6.52 per cent or $4.69 to trade near $80 a barrel. Similarly, US benchmark West Texas Intermediate (WTI) advanced more than 6 per…
Mumbai, July 8 (IANS) Indian benchmark equity indices witnessed a sharp selloff on Wednesday, with the Sensex and Nifty falling more than 2 per cent each, as rising crude oil prices, weak global cues and renewed geopolitical tensions dented investor sentiment.The market decline gathered pace during the second half of the trading session after US President Donald Trump said that an interim agreement with Iran to end the conflict was “over”, triggering fresh concerns over escalating tensions in th…
Ankara, July 8 (IANS) US President Donald Trump on Wednesday announced that the ceasefire with Iran “is over” for him. Speaking to reporters at the North Atlantic Treaty Organization (NATO) Summit in Ankara on Wednesday, Trump called Iranians “liars and sick people.”On the US peace deal with Iran, he said, “To me, I think it’s over. I don’t want to deal with them anymore. They’re scum…They are sick people. They’re led by sick people. They are vicious, violent people and if they had a nuclear w…
Mumbai, July 8 (IANS) Gold and silver prices traded lower on Wednesday amid rising geopolitical tensions in the Middle East after the US military launched fresh strikes on Iran.On the Multi Commodity Exchange (MCX), gold futures for the August 5 contract opened at Rs 1,45,200 per 10 grams, down Rs 192 from the previous close of Rs 1,45,392.At around 10:35 am, the yellow metal was trading at Rs 1,45,000 per 10 grams, down Rs 392 or 0.27 per cent.During the session so far, MCX gold touched an intr…
Mumbai, July 8 (IANS) Domestic equity markets opened lower on Wednesday, tracking weak global cues amid renewed geopolitical tensions in the Middle East.Sensex opened 364.27 points or 0.46 per cent lower at 77,816.45, while Nifty slipped 139.15 points or 0.57 per cent to 24,259.55.Among sectoral indices, Nifty Oil & Gas led the losses, declining more than 1 per cent.Nifty Media, Nifty PSU Bank, Nifty Realty, Nifty Cement, Nifty Metal, Nifty Auto and Nifty FMCG also declined by up to almost 1…
Washington, July 8 (IANS) The United States on Tuesday launched a new wave of CENTCOM air strikes on more than 80 Iranian military targets and simultaneously revoked a key Treasury licence allowing Tehran to sell oil, sharply escalating pressure after Iran allegedly attacked three commercial vessels in the Strait of Hormuz.In a development marking Washington’s strongest military response since the ceasefire reached with Tehran last month, American forces targeted Iranian air defence systems, com…
Tehran, July 8 (IANS) Iran on Wednesday strongly condemned the United States’ decision to revoke the temporary suspension of sanctions on Iranian oil sales, describing the move as a “clear violation” of Article 10 of the Islamabad Memorandum of Understanding (MoU) signed on June 18 and holding Washington responsible for the consequences of the decision. In an official statement, Iran’s Ministry of Foreign Affairs said, “The Ministry of Foreign Affairs of the Islamic Republic of Iran strongly con…
Washington, July 8 (IANS) The United States has carried out a new round of military strikes against Iran, targeting more than 80 sites in response to what Washington described as Tehran’s latest attacks on commercial vessels transiting the strategically vital Strait of Hormuz.Announcing the operation, US Central Command (CENTCOM) said the strikes were conducted using precision-guided munitions and were aimed at degrading Iran’s ability to threaten international maritime commerce.In a post on…