A major tanker operator estimates the Strait of Hormuz may take weeks to fully reopen, despite US President Trump's claims of partial opening. Meanwhile, a preliminary US-Iran deal faces skepticism and potential complications with Israel.
ET Wealth readers ask about EPF withdrawal tax implications and investment strategies. Experts advise on tax-free withdrawals after 5 years of service, suggest equity and debt fund allocations for reinvestment, and caution against transferring to NPS due to lower tax exemption.
Vice president JD Vance suggests Donald Trump might release the US-Iran agreement text before Friday. Meanwhile, Israeli PM Netanyahu notes disagreements with Trump, while shipowners await confirmation of the deal's "material" impact before resuming Strait of Hormuz transit.
Israeli PM Netanyahu stated he and US President Trump "don't always see eye to eye" following Trump's announcement of a peace deal with Iran. A senior US official clarified Israel's withdrawal from Lebanon is not a condition of the deal, allowing Israeli military response to Hezbollah attacks.
A high-ranking US source stated that the US-Iranian memorandum of understanding does not include provisions for the withdrawal of Israeli forces from Southern Lebanon. The deal, expected to be signed June 19, involves a 60-day ceasefire and the end of US maritime blockade measures against Iran.
Weather warnings loom over World Cup 2026 matches in the US, with high temperatures and thunderstorms threatening games. In Formula 1, Lewis Hamilton secured a significant victory for Ferrari in Barcelona, signaling a potential challenge to Mercedes' dominance. Meanwhile, Emma Raducanu withdrew from the Nottingham Open after reaching the Queen's Club final.
Syria's Interior Ministry announced the arrest of Raft Anwar Al-Amoudi in Daraa, accused of involvement in forced disappearances. Meanwhile, Lebanese PM Nawaf Salam urged Hezbollah to support negotiations with Israel for withdrawal from South Lebanon, a move that reportedly angered Tehran.
The American Chamber of Commerce in Russia (AmCham) estimated that American businesses have lost approximately $100 billion due to their withdrawal from the Russian market. These losses stem from selling assets below their true value and losing market share, affecting all commercial sectors. Many US companies that left are considering a return, awaiting authorization from Washington and the lifting of sanctions.
Serena Williams' return to tennis was cut short after her doubles partner Victoria Mboko withdrew from Queen's Club due to a knee injury. The pair had won their first match but were forced to forfeit their quarter-final.
Lebanon's President Aoun met with a delegation and stressed the importance of state sovereignty and negotiations with Israel. Lebanon demands a full Israeli withdrawal, cessation of attacks, and return of displaced persons and prisoners as conditions for a lasting ceasefire.
Dani Dyer, media personality and daughter of actor Danny Dyer, has been announced as a contestant for Strictly Come Dancing's 24th series. This marks her return after withdrawing last year due to a broken ankle sustained in training.
Russia consistently advocates for the withdrawal of US nuclear weapons from Europe, a stance reiterated by Moscow amidst Western discussions on nuclear deterrence. Expert Andrey Koshkin views this as a reminder of US nuclear presence and a factor influencing Russia's security, especially concerning the conflict in Ukraine.
Mohammed Siraj, India's busiest fast bowler, has been withdrawn from T20I series for workload management. Despite diminishing white-ball roles, he's crucial in Tests, bowling 1,231 overs since Jan 2023.
President Lee Jae Myung signaled his intent to enact a special counsel bill that would allow for the withdrawal of indictments, a move critics deem predetermined and lacking substantiation. The bill, pushed by the ruling Democratic Party, grants the special counsel authority to nullify charges if investigations are found improper.
Former Israeli PM Ehud Barak questions the current military operation in Lebanon, drawing parallels to his 2000 withdrawal. He argues for a political solution over prolonged occupation, while PM Netanyahu vows to quell Hezbollah fire. The conflict is linked to Iran and US-Iran tensions.
RJD workers are guarding Rabri Devi's residence after the Bihar government withdrew her security and issued an eviction notice for the 10 Circular Road bungalow, alleging targeted harassment of the Yadav family.
Flavio Cobolli advances to his first Grand Slam final at the French Open after compatriot Matteo Arnaldi withdraws due to illness; Cobolli will face Alexander Zverev in the final.
Dow hits all-time high on optimism Iran war may end; oil prices drop 3% as ceasefire hopes rise. Chip stocks stumble, bitcoin weakens, and private credit concerns grow. SpaceX IPO faces S&P Global index hurdles.
Blackstone imposed new withdrawal limits on its private credit fund, allowing only 5% of its $79 billion assets to be redeemed in Q2, following a surge in investor redemption requests. Other major investment firms like Cliffwater and Blue Owl have implemented similar restrictions due to growing concerns about the private credit sector's rapid growth and regulatory oversight.
Hezbollah rejected a ceasefire agreement with Israel, demanding a full Israeli withdrawal from Lebanon. Fighting continues, impacting global oil markets and efforts to end the Iran war.
Hezbollah has rejected a US-brokered ceasefire agreement with Israel, demanding a complete withdrawal of Israeli forces. The group's deputy leader called the deal a 'surrender' and a 'roadmap to enslave' Lebanon, vowing to continue resistance as long as occupation persists.
Blackstone is limiting investor withdrawals from its $79 billion Private Credit fund (BCRED) after redemption requests surged to 10% in Q2. The asset manager capped withdrawals at 5% of shares.
The Lebanese army opened the road connecting Ibl al-Saqi and Dibbeen after Israeli forces withdrew. This follows a US-brokered ceasefire agreement requiring Hezbollah's withdrawal south of the Litani River and establishing Lebanese army-controlled "pilot zones."
The Lebanese army opened the road connecting Ibl al-Saqi and Dibbeen after Israeli forces withdrew. This follows a US-brokered ceasefire agreement requiring Hezbollah's withdrawal south of the Litani River and establishing Lebanese army-controlled "pilot zones."
