Asian stocks surge and oil falls after US-Iran deal confirmation
Asian equity markets rose sharply on Monday after Washington and Tehran confirmed a deal to end hostilities and reopen the Strait of Hormuz. The move came as investors reacted to the prospect of lower geopolitical risk to energy supplies and a possible easing of pressure on global inflation. Brent crude fell in response, while US stock futures also moved higher.Japan's Nikkei 225 benchmark index rose 5.5% in morning trading, while South Korea's Kospi climbed as much as 5.7%. Taiwan's Taiex gained as much as 2.7%, and Australia's ASX200 rose about 1.5%. In Hong Kong, the Hang Seng Index was up... [Continue Reading]
360LiveNews | 15 Jun 2026 04:00 LONDON
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US-Iran peace deal announced as Strait of Hormuz set to reopen
The United States and Iran have announced a peace framework that would end their war, lift the US naval blockade of Iranian ports and reopen the Strait of Hormuz. The announcement was made on Monday after days of conflicting signals from the two sides, with Pakistan's prime minister saying the agreement had been reached and that a signing ceremony would take place in Switzerland on Friday. The deal is being presented as an immediate halt to military operations, including in Lebanon, although the wider terms still appear to be under discussion.US President Donald Trump said the agreement with Iran was... [Continue Reading]
360LiveNews | 15 Jun 2026 01:29 LONDON
US-Iran peace deal finalised as Trump says Strait of Hormuz will reopen
The reported US-Iran peace deal has moved from expectation to public confirmation, with Pakistan's prime minister and Donald Trump both saying the agreement is now complete. Shehbaz Sharif said the two sides had declared the immediate and permanent termination of military operations on all fronts, including in Lebanon, and said the formal signing ceremony would take place in Switzerland on 19 June. Trump separately said he had authorised the end of the US naval blockade on Iranian ports and called for the Strait of Hormuz to reopen.Iranian state media has also repeated the claims, while a senior Iranian foreign ministry... [Continue Reading]
360LiveNews | 14 Jun 2026 22:59 LONDON
Iran and US draft deal covers nuclear limits, sanctions relief and Hormuz reopening
Iran has agreed in draft form not to produce or acquire nuclear weapons under a memorandum of understanding with the United States, according to a report citing a senior Iranian official. The reported framework also covers sanctions relief and the reopening of the Strait of Hormuz, a key maritime chokepoint for global fuel trade. The two sides are said to be set to discuss a final agreement during the 60 days after approval of the framework.The report said Tehran and Washington have not officially reacted to the draft so far. It also said US President Donald Trump had earlier announced... [Continue Reading]
360LiveNews | 14 Jun 2026 12:00 LONDON
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Trump says US-Iran deal could be signed as Tehran disputes Sunday timing
President Donald Trump said the emerging US-Iran agreement could be signed as early as Sunday, while Iranian officials continued to dispute that timetable and said the process may take several more days. The reported framework is tied to ending the conflict and reopening the Strait of Hormuz to shipping, making it one of the most consequential diplomatic developments in the region in recent weeks. Pakistan has also been cited as saying preparations are under way for an electronic signing, adding to the sense that talks are moving quickly even as the two sides describe the timing differently.Trump said the deal... [Continue Reading]
360LiveNews | 14 Jun 2026 10:59 LONDON
US-Iran deal signing shifts to electronic format as Tehran denies Sunday plan
The planned signing of a US-Iran agreement has been changed from an in-person ceremony to an electronic process, after conflicting public accounts from Washington and Tehran over when and how the deal would be finalised. US President Donald Trump said on Saturday that the agreement was scheduled to be signed on Sunday, and linked it to the reopening of the Strait of Hormuz. Iran's Islamic Revolutionary Guard Corps denied that any Sunday signing had been planned and criticised Trump for focusing on that date.The change comes as talks have moved quickly and mediators have sought to prevent any disruption before... [Continue Reading]
360LiveNews | 14 Jun 2026 03:00 LONDON
Why the price of gold is trending down amid war-driven inflation
Gold prices have come under pressure as the war involving the United States, Israel and Iran has pushed up inflation and kept interest-rate expectations elevated. The metal fell from a high of $5,303 per troy ounce on 28 January to $4,235 on Friday, according to the supplied report. The decline comes despite gold's usual role as a safe-haven asset during periods of geopolitical stress.The report says the conflict has disrupted traffic through the Strait of Hormuz, a key route for oil and gas shipments, since the start of the war. That has helped drive energy prices higher, feeding into inflation... [Continue Reading]
360LiveNews | 14 Jun 2026 02:30 LONDON
India protests US strikes on ships in Gulf as death toll of Indian mariners deepens row
India and the United States have sharpened their diplomatic dispute over US missile strikes on commercial ships in the Gulf region after three Indian seafarers were killed in an attack on 10 June. External Affairs Minister S Jaishankar said he had spoken to US Secretary of State Marco Rubio and reiterated India's "strong protest" over what he described as lethal actions against commercial shipping. The exchange comes as Prime Minister Narendra Modi and President Donald Trump head to the G7 summit in Evian-les-Bains, where a possible meeting could add another layer to the talks.The Indian side said the Ministry of... [Continue Reading]
360LiveNews | 14 Jun 2026 00:59 LONDON
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US strikes on tankers in the Strait of Hormuz kill Indian sailors as toll rises
Three tankers have been struck by the US military in and around the Strait of Hormuz over the past week, with the latest confirmed deaths involving three Indian sailors aboard MT Settebello. The vessel was hit on Wednesday by what US Central Command described as precision munitions fired into its engine room, after it allegedly failed to comply with directions linked to the blockade of Iranian ports. The ship was Palau-flagged and had a majority Indian crew on board.The new details confirm the names of the three men killed: deck cadet Aditya Sharma from Himachal Pradesh, engine fitter Shivanand Chaurasiya... [Continue Reading]
360LiveNews | 13 Jun 2026 20:59 LONDON
Three Indian sailors confirmed dead after US strike on tanker off Oman as row deepens
The row over the US strike on a commercial vessel off Oman has intensified after Indian politician Shashi Tharoor criticised Washington's response to the deaths of three Indian seafarers. He said the official US statement contained no expression of regret or condolence for the loss of innocent Indian lives. His comments came as US Secretary of State Marco Rubio defended Washington's blockade in the Strait of Hormuz, following India's protest over the killings.Tharoor questioned why a non-compliant commercial vessel could not have been stopped by non-lethal means, and asked whether it was necessary to fire missiles that killed civilian crew... [Continue Reading]
360LiveNews | 13 Jun 2026 19:01 LONDON
US-Iran talks move to Hormuz leverage and nuclear limits as deal hopes build
Iran's foreign minister has given the clearest indication yet that Tehran wants to preserve leverage over the Strait of Hormuz as negotiations with Washington continue. Abbas Araghchi said Iran would keep a presence over the waterway and suggested a negotiated framework could allow the collection of a "service fee" for vessels using it. He also said Iranian forces would intervene when necessary, while acknowledging that international law does not permit a toll on ships passing through the strait.The remarks come as the two sides appear to be edging closer to an agreement, but remain divided over the scope of any... [Continue Reading]
360LiveNews | 13 Jun 2026 05:59 LONDON
Trump rejects reported Iran ceasefire terms amid attack on Indian-linked ships near Strait of Hormuz
US President Donald Trump has publicly rejected reported ceasefire terms linked to Iran, saying leaked details "bear no relation to the truth" and were not what had been agreed in writing. In the same remarks, he condemned what he described as a drone attack on Indian-linked commercial vessels near the Strait of Hormuz. The comments add to a fast-moving dispute that now combines diplomacy, maritime security and the safety of Indian seafarers.Trump said on social media that the terms Iran had leaked to the media were false and "totally" different from the agreement he said had been reached. He also... [Continue Reading]
360LiveNews | 12 Jun 2026 16:00 LONDON
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World Bank cuts 2026 growth forecast as Strait of Hormuz closure raises energy shock fears
The World Bank has cut its forecast for global growth in 2026 after warning that the conflict involving the United States, Iran and Israel is putting pressure on energy markets and supply chains. In its latest Global Economic Prospects report, the Washington-based institution said Iran's closure of the Strait of Hormuz has added to the risk of a wider economic slowdown. The report said the strategic waterway, a key route for oil and gas transit, is under strain as a fragile ceasefire between the United States and Iran is tested.The bank lowered its 2026 global growth forecast to 2.5% from... [Continue Reading]
360LiveNews | 11 Jun 2026 19:30 LONDON
Iran says economy is still functioning after 100 days of US-Israel strikes and Hormuz closure
Iran is still operating after more than 100 days of US and Israeli bombing, according to the supplied material, even as the conflict has killed senior military and political figures and damaged military infrastructure across land, sea and air. The rows say Tehran has suffered a $347 billion loss and that the United Nations expects the economy to contract by 6.1% this year. They also say the closure of the Strait of Hormuz has added pressure on oil exports and global energy markets.The material says the strikes have choked off access to oil revenue, but that Iran has not been... [Continue Reading]
360LiveNews | 11 Jun 2026 19:00 LONDON
US sea drone used in helicopter rescue off Oman after Apache crash near Strait of Hormuz
A US military sea drone was used to rescue two crew members from a downed US Army helicopter off the coast of Oman, in what officials described as the first publicly known rescue mission carried out by an unmanned vessel. The incident took place near the Strait of Hormuz, a narrow and heavily watched waterway at the centre of regional security concerns. The two soldiers were recovered within about two hours and are in stable condition, according to US Central Command.The military has identified the uncrewed vessel as a Corsair sea drone, a 24-foot craft made by a Texas-based company... [Continue Reading]
360LiveNews | 11 Jun 2026 13:01 LONDON
Trump says US helped move oil through Strait of Hormuz as reports say operation was already public
US President Donald Trump has said the United States secretly helped move more than 100 million barrels of oil through the Strait of Hormuz, a narrow waterway between Iran and Oman that is central to global energy trade. He said the operation involved commercial vessels travelling at night without lights, and suggested Iran was unaware of the effort. The remarks were made in the Oval Office and later repeated in a social media post.The latest reporting says the operation was not entirely secret, and had already been publicly disclosed weeks earlier. Citing a senior US military official, one report said... [Continue Reading]
360LiveNews | 11 Jun 2026 11:29 LONDON
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Trump repeats Iran deal prediction as talks continue without agreement
US President Donald Trump has again predicted that a deal with Iran is close, even though no agreement has materialised after repeated similar claims since March. The latest prediction came on Monday local time, according to the supplied report, extending a pattern in which he has said at least 37 times that an accord was imminent. The remarks come against the backdrop of ongoing diplomacy and a war that has already had wide regional and economic consequences.The report says the predictions began on March 23, when Trump told reporters outside Air Force One that the two sides had reached "major... [Continue Reading]
360LiveNews | 09 Jun 2026 13:35 LONDON
Shipping through Strait of Hormuz goes dark amid regional conflict
Commercial shipping through the Strait of Hormuz is continuing at a reduced and unsettled pace after weeks of regional strikes and a ceasefire between the United States and Iran. Vessels are still moving through the narrow waterway, but many are doing so with their marine tracking transponders switched off, a practice known as dark transit. The pattern has raised fresh concern over one of the world's most important energy chokepoints, where traffic has become dependent on negotiated passage and shifting military pressure.Marine traffic observers say more than 80 commercial ships have crossed the Strait of Hormuz and left the Persian... [Continue Reading]
360LiveNews | 08 Jun 2026 20:30 LONDON
