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Iran's Islamic Revolutionary Guard Corps has threatened to close all other export corridors benefiting the US and its allies, following the closure of the Strait of Hormuz and the US naval blockade. US strikes continue, while Houthi forces in Yemen fired missiles at Saudi Arabia, escalating regional tensions.
The US has reinstated a naval blockade on Iranian ports following Iranian attacks on ships in the Strait of Hormuz. US forces have disabled vessels attempting to breach the blockade, while Iran says its control over the waterway will not be compromised.
Seoul stocks closed more than 6% higher on Wednesday, led by tech heavyweights, after softer U.S. inflation data boosted Wall Street. The KOSPI jumped 427.58 points to 7,284.41, while the Korean won strengthened against the dollar.
Seoul shares closed more than 6% higher on Wednesday, led by technology heavyweights, after cooler-than-expected US inflation data eased rate-hike concerns. The KOSPI settled at 7,284.41, with institutional and foreign investors net buyers, while Middle East tensions remained a backdrop.
Pakistan's KSE-100 index snapped a two-day losing streak, gaining more than 1,700 points on Wednesday and continuing its rebound on Thursday with a surge of around 2,600 points. Analysts attribute the recovery to investor sentiment turning positive after US President Donald Trump's remarks on Iran and easing concerns over oil prices.
Tehran's ultraconservative Hamshahri newspaper has published images of 13 international politicians, including German Chancellor Friedrich Merz, labeled as 'wanted' in connection with the death of former Supreme Leader Ali Khamenei. The article, which appeared online and was later removed, has prompted German officials to warn of potential Iranian attacks in Europe.
The United States has launched strikes against Iran, with bombings reported in Bandar Abbas, Qeshm, and Ahvaz, and Iran retaliating with attacks on Jordan, Kuwait, and Bahrain. The US naval blockade on Iranian ports has resumed, and President Trump has reversed a plan to charge a toll on cargo through the Strait of Hormuz. The conflict has entered its sixth day, with the International Energy Agency warning about energy security.
Iran's Islamic Revolutionary Guard Corps (IRGC) has carried out missile and drone strikes on a US air base in Jordan and plans to continue attacking US military bases until 'ultimate victory,' according to reports from the Russian state news agency TASS. The strikes are described by the IRGC as a 'retaliation operation' that is still underway.
The interim US-Iran ceasefire has collapsed, leading to renewed airstrikes, Iranian retaliation, and threats to close strategic straits. President Trump has escalated rhetoric, proposing and quickly abandoning a toll plan for the Strait of Hormuz, while global oil prices rise. The conflict has renewed discussions in Washington about regime change, with diplomatic efforts failing to secure concessions.
Senate Democrats on Tuesday blocked debate on the annual National Defense Authorization Act, citing objections to President Trump's war in Iran and provisions deepening US-Israeli military cooperation. The procedural vote failed 50-46, short of the 60 votes needed to advance, marking a rare setback for a must-pass bill.
Iraqi Prime Minister Ali al-Zaidi and US President Donald Trump announced that all US troops will leave Iraq by September 30, ending a 23-year military presence. The withdrawal is tied to Iraq's commitment to disarm Iran-backed militias and a new economic partnership with US companies.
South Korean stocks extended gains Wednesday morning, with the KOSPI climbing more than 6% to above 7,300, buoyed by a Wall Street rally fueled by cooling U.S. inflation and President Trump's decision to drop a proposed fee on Strait of Hormuz cargo.
US President Donald Trump threatened to escalate strikes against Iran, targeting power plants and bridges next week unless Tehran negotiates. US forces have carried out strikes for a fourth day and reimposed a naval blockade, while tensions spread across the region.
The US Treasury Department has issued a general license for limited wind-down activities in the Strait of Hormuz while simultaneously imposing new sanctions on individuals, ships, and entities linked to Iran. The move follows the revocation of a license that had authorized Iranian oil sales, amid attacks on tankers in the strategic waterway.
The US and Iran exchanged fresh military strikes over the Strait of Hormuz, with Washington targeting Iranian provinces and Tehran hitting Gulf states and shipping. The escalation has undermined the June 17 memorandum of understanding, while oil markets reacted with a 3.5% price rise.
US President Donald Trump hosted Iraqi Prime Minister Ali al-Zaidi at the White House, pledging a 'massive' oil partnership and deeper economic ties as both nations prepare for a complete US troop withdrawal by September 30. Al-Zaidi described the relationship as shifting from militaristic to economic, vowing to disarm armed factions. Analysts highlight Washington's financial leverage over Baghdad in al-Zaidi's rise.
President Donald Trump has abandoned his proposal to impose a 20 percent 'reimbursement' fee on cargo shipped through the Strait of Hormuz, instead seeking trade and investment deals with Gulf states. The U.S. naval blockade of Iranian ports has resumed, according to reports from Yonhap News Agency.
Donald Trump says there is a 'good chance' Congress passes a bill to tighten sanctions against Russia, though he notes key provisions remain under review. The bill, introduced by a bipartisan group of senators, would impose tariffs on countries purchasing Russian energy and includes measures targeting Russia's defense, energy, and financial sectors.
US President Donald Trump has abandoned a proposed 20% fee on ships passing through the Strait of Hormuz, instead opting for trade and investment deals with Gulf states. The decision follows 'highly productive conversations' with Middle East leadership, according to Trump.
US President Donald Trump has abandoned his proposal to charge a 20% fee on cargo shipping through the Strait of Hormuz, saying he will instead pursue trade and investment agreements with Gulf states. The reversal came hours before the US naval blockade of Iranian ports was set to take effect, as US and Iranian forces continued to trade strikes across the region.