Latest news with #IranianPresident
Yahoo
3 days ago
- Business
- Yahoo
Oil prices rise despite fragile ceasefire between Iran and Israel
Investors kept an eye on the Middle East on Wednesday as a fragile ceasefire between Iran and Israel appeared to hold after initial shakiness. Both sides claimed victory; Iran's president said Israel had suffered a 'historic punishment', while Israel's prime minister argued the offensive had removed 'the Iranian nuclear threat'. A new US intelligence report nonetheless found that Tehran's nuclear programme had only been set back by a few months by US strikes. Washington denied the findings of the leaked report. Early in Europe, Brent crude had risen around 1.15% to $67.91 a barrel, while WTI was 1.21% higher at $65.15. The prices suggest the market has still not fully calmed after the conflict in the Middle East, with investors continuing to monitor the shaky ceasefire. US President Trump rebuked both countries for violating the announced ceasefire on Tuesday. Related Why the Strait of Hormuz remains critical for the global economy The dollar sees a rebound after US strikes Iran, but can it continue? 'Israel, as soon as we made the deal, they came out and they dropped a load of bombs, the likes of which I've never seen before, the biggest load that we've seen,' he said. On his social media platform, Truth Social, he wrote: 'Israel, do not drop those bombs. If you do, it is a major violation. Bring your pilots home, now!' Trump claimed that neither Iran nor Israel "know what the f*** they're doing". Stocks, meanwhile, rose modestly on Wednesday. France's CAC 40 was up 0.4% at 7,647.07 in morning trading, Germany's DAX rose 0.08% to 23,660.55, the UK's FTSE 100 increased 0.35% to 8,790.03, and Italy's FTSE MIB rose 0.24% to 39,568.10. The STOXX 600 jumped 0.35% to 542.88, while the STOXX 50 rose 0.21% to 5,308.40. Looking to the US, Dow Jones futures were 0.06% higher at 43,452.00, while S&P 500 futures gained 0.05% to reach 6,149.25. In Asian trading, the Shanghai Composite index climbed 0.44% to 3,435.60, the Nikkei 225 rose 0.31% to 38,910.93, Hong Kong's Hang Seng jumped 0.78% to 24,364.79, while South Korea's Kospi was almost flat, rising 0.01% to 3,104.20. Australia's S&P/ASX 200 notched up 0.09% to 8,563.20. The US Dollar Index was up 0.13% at 97.98 although the currency has still failed to recover from losses seen earlier this year. The euro rose less than 1% against the dollar while the Japanese Yen dropped around 0.12% against its US safe-haven alternative. 'The situation in the Middle East is fluid. While the downside risks have subsided, the situation can change quickly and the balance of risks remains weighted toward higher oil prices,' said Ryan Sweet, Chief US Economist at Oxford Economics, on Tuesday. Sign in to access your portfolio
Times of Oman
4 days ago
- Politics
- Times of Oman
HM the Sultan receives phone call from Iranian President
Muscat: His Majesty Sultan Haitham Bin Tarik has received a phone call from His Excellency the President of the Islamic Republic of Iran. Oman News Agency (ONA), reported that His Majesty the Sultan receives a phone call from His Excellency the President of the Islamic Republic of Iran, during which they reviewed the developments of the worrying escalation in the region and emphasised the importance of all parties committing to self-restraint, prioritizing wisdom and dialogue, and working seriously to stop the cycle of military escalation, thus sparing the region further tension and paving the way for diplomatic solutions. His Excellency the Iranian President expressed his deep appreciation for the Sultanate of Oman's stance and its balanced role in supporting regional security and enhancing opportunities for calm, stressing his country's commitment to cooperation to avoid further escalation in the region.
Wall Street Journal
5 days ago
- Politics
- Wall Street Journal
Putin Seeks to Play Both Sides—and Trump—in Iran-Israel Clash
At the start of the year, Russian President Vladimir Putin met his Iranian counterpart at the Kremlin to sign a new strategic partnership to seal the budding alliance between the two countries that had spent the last decade trying to undermine the U.S.-led world order. Now, after more than a week of punishing Israeli and U.S. airstrikes, that partnership is doing Tehran little good.
