Approximately 14 million barrels of Iraqi oil have exited the Persian Gulf via the Strait of Hormuz in late June, reaching buyers in Asia, Europe, and the US. This follows a US-Iran ceasefire, easing a blockage caused by earlier US-Israel attacks on Iran that had nearly closed the vital shipping lane.
Crisil Ratings revised its profitability impact forecast for corporate India, now expecting a 100-basis-point decline in operating margins by fiscal 2027, down from an earlier 200 bps. This improvement follows a US-Iran ceasefire and the reopening of the Strait of Hormuz, easing energy prices, though geopolitical risks persist.
Financial markets show strain despite a US-Iran ceasefire framework, with unresolved issues like Iran's nuclear program and the Strait of Hormuz causing volatility. China's markets face property sector woes, while India is seen as a potential long-term AI powerhouse. Investors are advised caution.
Planned technical talks between the US and Iran in Switzerland on a ceasefire deal have been postponed. Reports suggest Iran delayed sending its delegation due to Israel's ongoing military campaign in Lebanon, raising fears the deal could unravel.
Planned technical ceasefire talks between the US and Iran in Switzerland were postponed Friday, raising fears the deal could unravel. Iran reportedly delayed its delegation due to Israel's ongoing military campaign in Lebanon.
Planned US-Iran ceasefire talks in Switzerland were postponed due to Israel's ongoing military campaign in Lebanon. Iran reportedly delayed sending its delegation, citing Israeli strikes that killed at least 16 people in southern Lebanon. The talks were to focus on technical terms of a digitally signed memorandum of understanding.
The White House has detailed a deal including an "immediate and permanent" end to fighting in Lebanon, a demand from Iran. The agreement also specifies Iran's enriched uranium stockpile must be "down-blended" under IAEA supervision, a move hailed as a win for the US.
Israeli airstrikes persist in southern Lebanon despite a US-Iran agreement to end the war on all fronts. Drone attacks in Tyre and Bint Jbeil caused injuries, while Hezbollah responded with rockets. Iran warns that continued Israeli actions violate the deal, which includes Lebanon as a sensitive issue.
South Korea is facing increased pressure to participate in international maritime security efforts, including potential naval mine-sweeping operations, to ensure freedom of navigation through the Strait of Hormuz, a critical energy chokepoint. This pressure stems from US and UK/France-led initiatives, forcing Seoul to balance diplomatic demands with operational risks.
Qatar's discreet mediation, characterized by patience, access, and shuttle diplomacy, ultimately secured the US-Iran ceasefire, outmaneuvering Pakistan's more public efforts. Doha's credibility with Tehran and established lines to Washington proved crucial.
Experts suggest China and Russia significantly influenced the US-Iran ceasefire deal, with their involvement expected to shape future US-Tehran negotiations. The deal, reportedly signed by Donald Trump and JD Vance, followed extensive diplomatic efforts involving Iran, China, and Russia.
Experts suggest China and Russia played a significant role in shaping the US-Iran ceasefire deal, with their influence expected to continue on future negotiations between Washington and Tehran. The deal's announcement followed diplomatic engagements between Iran, China, and Russia.
Experts believe China and Russia played a significant role in shaping the US-Iran ceasefire deal, with their influence expected to continue in future negotiations between Washington and Tehran. The deal, reportedly electronically signed by US President Trump and Vice-President Vance, followed diplomatic engagements between Iran, China, and Russia.
The Reserve Bank of Australia's interest rate decision is due today at 2:30pm AEST, with no change expected. Global markets rallied overnight, buoyed by a US-Iran ceasefire agreement, with the Dow Jones, Nasdaq, and S&P 500 closing higher. SpaceX shares surged following a significant investment by Gina Rinehart's Hancock Prospecting.
The federal politics live blog from Parliament House, Canberra, covers the Reserve Bank's interest rate decision and the reported ceasefire deal between the US and Iran.
Despite a US-Iran ceasefire agreement, Israeli PM Netanyahu stated forces will remain in occupied Lebanese and Syrian territory indefinitely. The deal, announced by Pakistan's PM, aims for permanent termination of military operations, including in Lebanon.
The US-Iran ceasefire agreement has put Israeli Prime Minister Benjamin Netanyahu in a political dilemma, challenging his security-focused political image and leaving him with unfavorable options ahead of Israel's general election.
A US-Iran ceasefire agreement has created a political crisis for Israeli PM Netanyahu, undermining his core political tenets and leaving him in a difficult security position. Rivals and allies alike are questioning his influence and Israel's security strategy.
A US-Iran deal to end Middle East conflict faces hurdles as Lebanon's role is unclear and Israel criticizes terms. While a ceasefire is in effect, details remain unknown, with conflicting reports on Strait of Hormuz tolls and Israeli withdrawal from Lebanon.
President Lee Jae Myung welcomed the US-Iran ceasefire deal, expressing hope for Middle East stability and safe passage through the Strait of Hormuz. The presidential office also welcomed the agreement but awaits confirmation on the strait's reopening.
South Korea's presidential office welcomed the US-Iran ceasefire deal, particularly its inclusion of reopening the Strait of Hormuz. However, officials expressed caution, stating they will monitor if the agreement leads to an immediate reopening and noting that nuclear negotiations could impact the ceasefire.
Construction-related stocks surged following the announcement of a ceasefire agreement between the US and Iran. Samsung E&A, DL E&C, Daewoo E&C, Kumho E&C, and GS E&C all saw significant price increases.
A US-Iran ceasefire and plans to reopen the Strait of Hormuz ease external risks for South Korea's economy, but oil prices and supply normalization may take time. Experts anticipate benefits for refining and petrochemical industries, though consumers may see delayed price relief.
Australia has welcomed a US-Iran ceasefire, with PM Albanese emphasizing the need for dialogue and addressing Iran's nuclear program. Meanwhile, domestic politics sees Opposition Leader Angus Taylor focusing on the federal budget and a Senate inquiry, while One Nation's rising poll numbers and fundraising are also in focus.
