All articles tagged with #iran us conflict
Asian governments are bracing for a prolonged energy crunch as Iran’s war tightens control of the Strait of Hormuz, risking higher oil costs, inflation, and disrupted supply chains, with emergency measures already in place from South Korea, the Philippines, Japan, and India.
President Trump postponed his threat to strike Iran's power plants and to reopen the Strait of Hormuz for five days, citing ongoing negotiations with Tehran; Iran publicly denies direct talks but warns of retaliation, while markets rally as oil prices retreat and investors await outcomes of the diplomacy.
Futures edged up after Netanyahu said Israel would assist the U.S. to open the Strait of Hormuz, easing some war fears; oil prices fell after the remarks, but the market remains broadly weak for the week with the S&P 500 below its 200-day moving average and major indices near correction territory as traders monitor the conflict’s potential earnings impact.
A fire near the Port of Fujairah was sparked by debris from an intercepted drone, temporarily suspending operations with no injuries reported, as U.S. strikes on Iran’s Kharg Island escalate tensions and send oil prices higher amid a large IEA reserves release.
Iran issued its first public message in the name of Mojtaba Khamenei, pledging to keep the Hormuz Strait closed and to continue attacks on US bases, while portraying a hardline stance linked to the IRGC. The missive, read on state TV, calls for US compensation and threatens asset destruction if Washington refuses, praises regional allies like the Houthis and Hezbollah, and urges Gulf states to sever ties with the US. It comes amid questions about Khamenei’s health after the attack on his father’s compound and references a broader push to confront the United States in the region.
CNN argues that Trump’s push to end the Iran war will likely not be quick or easy: a swift decapitation strike has given way to a long, endurance-based conflict as Iran, led by a reconstituted leadership around Mojtaba Khamenei and the IRGC, resists surrender. US airpower has proven to disrupt but not topple the regime, while Iran can sustain strikes and keep prices high in the Strait of Hormuz. With diplomacy and gradual exhaustion as possible paths to a de‑escalation, the piece cautions that a durable resolution remains uncertain, and future rounds of strikes or renewed pressure could occur, aided by Russia and China.
U.S. stock futures edged lower Monday night as investors weighed escalating tensions between the U.S. and Iran, with the prior session finishing modestly higher for the broad indices after a volatile day; oil surged on supply disruption fears tied to the Strait of Hormuz, while defense and tech names led and traders awaited earnings from CrowdStrike and Target.
An Iranian prayer-time app was hacked to display anti-regime messages urging defections, as protests widen and Iran faces a widespread internet blackout. The attacker remains unknown, but the incident coincides with cyberattacks on state outlets and heavy repression of demonstrations, with Netblocks noting internet access dropped to about 4%.
Iran's Supreme Leader Ali Khamenei claimed that US strikes on Iran's nuclear facilities caused no significant damage, despite Israeli and US assessments indicating severe destruction. Khamenei dismissed the impact of the strikes and emphasized Iran's resilience, while the conflict has significantly weakened Iran's military and nuclear capabilities. The situation remains tense as Iran faces the challenge of rebuilding its military strength.
Treasury yields declined as crude oil prices dropped over 7% following US and Iran military actions, while Fed Governor Bowman indicated support for a potential July interest rate cut if inflation remains controlled, amid ongoing geopolitical tensions and economic data releases.