The US struck Iran for a second straight day Monday, hitting air defences, radar sites, and missile capabilities across southern Iran. Iran's Revolutionary Guards retaliated with missile and drone attacks on US bases in Jordan, Bahrain, Kuwait, and Oman, sending oil prices up more than 3.5 percent.

Global Affairs · 4 min read

Russia and Iran are close to finalising a bilateral gas supply trade agreement, while US President Donald Trump asserted the Strait of Hormuz remains open and renewed criticism of Tehran. A completed deal would deepen energy ties between two heavily sanctioned economies and reduce Western leverage over both.

Global Affairs · 3 min read

Argentina beat Switzerland 3-1 after extra time to reach the 2026 FIFA World Cup semi-finals, keeping their title defence on track. The result extends Argentina's run as reigning world champions deeper into the expanded 48-team tournament.

Global Affairs · 2 min read

IBM shares fell 23% in premarket trade after the company flagged preliminary second-quarter results that missed profit and revenue estimates. Management cited delayed deal closures, clients pulling forward hardware purchases ahead of price hikes, and cybersecurity headwinds as the key drags.

Markets · 3 min read

The US struck over 140 Iranian military targets on Saturday as Iran declared the Strait of Hormuz closed and hit US facilities in Jordan, Kuwait, Oman, and Qatar.

Global Affairs · 4 min read

Brent crude jumped over 3% to above $78 a barrel and WTI hovered near $74, extending last week's 5.4% gain, as US-Iran tensions drove traders to price in a geopolitical supply risk premium.

Markets · 4 min read

The US launched a third round of strikes on Iran after the IRGC hit a Cyprus-flagged container ship in the Strait of Hormuz and declared the waterway closed. The blockade has pushed energy prices higher globally, with Gulf states reporting Iranian missile and drone attacks as Oman mediates talks.

Global Affairs · 4 min read

Brent crude jumped 4.38% to $79.50 a barrel and WTI rose 4.30% to $74.20 on July 13, extending a 5.5% rally from the prior week as U.S. and Iran military strikes stoked supply disruption fears. Analysts are now flagging $100 oil as a scenario worth pricing in if the Strait of Hormuz is threatened.

Markets · 3 min read

Pakistan's KSE-100 fell 2,314 points on Monday to close at 179,927 as US-Iran strikes near the Strait of Hormuz pushed oil prices up over three percent and triggered broad selling. The sell-off came despite stable domestic fundamentals, with refinery stocks the lone bright spot on policy upgrade expectations.

Markets · 4 min read

Brent crude hit $84.98 per barrel and WTI reached $79.79 on July 14, 2026, completing a 10% rally driven by the escalating US-Iran conflict. The spike raises fuel costs and inflation risks for major oil importers, including India.

Markets · 3 min read

Iran's new Supreme Leader Mojtaba Khamenei vowed revenge for his father's killing in US-Israeli strikes, hours after Trump threatened to "completely decimate" Iran if it acts on assassination threats.

Global Affairs · 4 min read

Brent crude jumped above $78 a barrel and WTI above $73 after Iran expanded military strikes into the Gulf, sharply slowing shipping traffic through a key oil transit route.

Global Affairs · 3 min read

US and Iranian forces have traded their heaviest strikes since an April ceasefire, targeting oil infrastructure and US military bases across the Gulf. Tanker traffic through the Strait of Hormuz hit a two-month low and oil prices jumped 4.5 percent as the June peace agreement came under serious strain.

Global Affairs · 4 min read

The U.S. military launched fresh strikes on Iran amid renewed fighting over the Strait of Hormuz, sending oil prices sharply higher. The escalation threatens global crude supply flows and, combined with a tech selloff, is pressuring equity markets and complicating inflation outlooks worldwide.

Global Affairs · 4 min read

The U.S. and Iran exchanged their most intense strikes in months as ceasefire efforts collapsed, with conflicting claims about the Strait of Hormuz adding fresh pressure to global oil markets. President Trump publicly stated the strait remains open, directly contradicting Iran's earlier claim that it was closed.

Global Affairs · 3 min read