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.
Iran denied on Thursday attacking a South Korean cargo ship in the Strait of Hormuz this week, as US President Donald Trump said a deal to end the war was "very possible" but warned Washington would resume bombing if talks failed.
A senior commander from Hezbollah's elite force was killed in an Israeli strike on Beirut's southern suburbs on Wednesday, the first on the area in nearly a month, a source close to the group said.
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.
