Oil prices drop following Trump announcement on Iran talks Crude oil futures fell over six percent after President Donald Trump said negotiations with Iran would begin imminently to end the war, though Iran denies any talks are taking place. The drop in oil prices boosted US stocks at the opening, with Dow Jones jumping 1. 3 percent, Nasdaq up 1.
At 2. 8 million barrels per day, the shipments now account for 55% of New Delhis purchases India's crude imports from Russia have surged to a record high in July, accounting for 55% of its total crude oil purchases, according to media reports. Shipments rose to around 2.
At 2. 8 million barrels per day in July, the shipments now account for 55% of New Delhis purchases India's crude imports from Russia surged to a record high in July, accounting for 55% of its total crude oil purchases, according to media reports. Shipments rose to around 2.
Brussels has quietly restored access to Russian sable pelts, a high-end fur used by European fashion houses, citing the lack of alternative suppliers Slovak Prime Minister Robert Fico has mocked the European Commission for what he called blatant hypocrisy after it quietly exempted Russian luxury sable fur from sanctions, reportedly bowing to pressure from member states dependent on the trade.
Iranian households are increasingly selling personal belongings ranging from natural hair to empty perfume bottles and renting out or borrowing basic work tools such as laptops, reflecting deepening economic hardship, the semi-official ILNA news agency reported on Sunday.
CAPITALS, 3rd August, 2026 (WAM) -- Gold rose on Monday as oil prices fell after US President Donald Trump held off on fresh attacks on Iran in hopes of a swift deal, slightly easing concerns over inflation and higher interest rates. Spot gold was up 0. 7 percent at $4,068.
Fuel excise cut, which was imposed after outbreak of Iran conflict, ended at midnight on Monday. Follow today’s news live Good morning, and happy Monday. Nick Visser here to get the week’s news going.
Local communities need Washington’s help to fight foreign hackers.
TEHRAN (Tasnim) — A US Marine-turned-activist argued that years of US-led sanctions have failed to achieve their intended objectives, saying Iran has become more resilient while Washington continues to underestimate the country’s domestic adaptability.
TEHRAN (Tasnim) – The number of transit trucks leaving Iran through the Bazargan border crossing with Turkey has increased by more than 60 percent following coordination between the two neighboring countries, an Iranian provincial official said.
Washington, DC [US], August 1 (ANI): Malicious cyber activity has disrupted technology at water and wastewater facilities in at least seven states, forcing affected utilities to revert to manual operations while state and federal investigators work to identify the perpetrators.
The Trump administration on Friday outlined military and financial measures against Tehran alongside negotiations that President Donald Trump said were being undermined by Iran’s conduct.
New Delhi [India], August 1 (ANI): India is keeping a close watch on a US bill that empowers Washington to impose tariffs of up to 100 per cent on nations purchasing Russian oil and gas, the Ministry of External Affairs (MEA) said on Friday, days after the proposed legislation cleared the US Senate.
Kpler says Hormuz traffic drops sharply, remains steady through Bab el-Mandeb Shipping traffic through the Strait of Hormuz dropped sharply, with vessel crossings falling 77 percent day-on-day to just five ships, according to maritime analytics firm Kpler. Kpler said all recorded transits used the Iranian Unilateral Scheme, indicating reduced operational confidence and limited routing options through the strategic waterway. By contrast, traffic through the Bab el-Mandeb remained relatively steady, with 47 vessel crossings despite continued movements by sanctioned ships, shadow fleet activity, and one dark transit.
Florida [US], August 1 (ANI): US Central Command (CENTCOM) announced that it has 'redirected 30 commercial vessels, disabled 2, and boarded 2 to ensure full compliance'. In a statement on X, the command further detailed its ongoing maritime operations, confirming that 'The US military has also permitted nearly 30 ships to pass through the blockade for humanitarian aid.
US Centcom says ’30 commerical vessels’ redirected during Iran blockade US Central Command (Centcom) said it has “redirected 30 commercial vessels, disabled 2, and boarded 2 to ensure full compliance” as of today. “The US military has also permitted nearly 30 ships to pass through the blockade for humanitarian aid," it said in a statement on X.
North Sea oil fields set to be reopened by Burnham would profit blacklisted Israeli company Submitted by Fleur Hargreaves on Thu, 07/30/2026 - 00:32 Rosebank oil field stakeholder Ithaca is majority owned by Israeli firm Delek, named by the UN for supporting West Bank settlements A man holds a placard against the Rosebank oil field project in the North Sea off the coast of Scotland during a protest outside the Department For Energy Security And Net Zero in London on 22 July 2026 (Justin Tallis/AFP) Off Campaigners say reopening North Sea oil and gas fields in the UK would be in breach of international law over a stakeholder company’s links to illegal West Bank settlements. Reports suggest that new British Prime Minister Andy Burnham is set to “move quickly” to green light more oil and gas drilling as one of his first moves since taking office last week, despite concerns some of the profits would flow to a company blacklisted by the UN. The two oil and gas fields in question are Rosebank, off Shetland in the North Atlantic, and Jackdaw in the North Sea coast of Scotland, which were approved by the previous Conservative government in 2022 and 2023, but then overturned in 2025 after a legal challenge.
An illicit Iranian gambling network helped move at least $4 billion through an unlicensed Dubai-based cryptocurrency exchange that also handled funds for sanctioned Iranian institutions, a Reuters investigation found.
Entities in Russia and China have also been targeted for doing business with the privately owned Mahan Air The US has sanctioned a Delhi-based company that represents Iran's Mahan Air in India, along with entities in Russia and China that do business with the privately owned carrier. "India-based Skiez Travels and Logistics Private Limited... and Russia-based Air Cargo Pro Limited...
Rashad Sultanov, from London, suspected of conducting hostile surveillance and passing information to Revolutionary Guards A British-Azerbaijani national has been arrested in Cyprus on suspicion of spying on a British airbase on the Mediterranean island and passing information to Iran’s Islamic Revolutionary Guard Corps, the Metropolitan police said. Rashad Sultanov, 44, from Islington, north London, was arrested on 17 July by Cypriot authorities and is being held in custody as extradition proceedings continue, the police said in a statement on Friday. Continue reading...
