A massive crude oil bet placed shortly before reports of a possible US-Iran peace deal sent prices crashing and fueled suspicion of insider trading, after the position reportedly generated a $125 million profit in just over an hour.
The US military has launched a wave of strikes on Iranian targets near the Strait of Hormuz, as Tehran accused Washington of violating the ceasefire and retaliated against American warships in the area.
Prime Minister Narendra Modi said India remains "steadfast as ever" in its determination to defeat terrorism and its "enabling ecosystem", marking one year since a deadly clash with arch-enemy Pakistan.
The US military has fired on and disabled an Iranian-flagged oil tanker in the Gulf of Oman after President Donald Trump threatened to resume the bombing campaign unless Tehran agrees to end the war on Washington’s terms.
US President Donald Trump has temporarily paused a military operation to escort ships through the Strait of Hormuz, but said the blockade of Iranian ports will “remain in full force and effect” until a final agreement with Tehran is reached.
At least three Indian nationals have been injured in a drone strike on a major petroleum industrial site in the Emirate of Fujairah in the United Arab Emirates, the authorities have said.
