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Iran holds national tribute for Ali Khamenei as funeral procession moves through Tehran

Iran is holding a nationwide public tribute on Monday for former Supreme Leader Ali Khamenei, as his funeral procession travels through the streets of Tehran before culminating in a large gathering at Azadi Square. State television broadcast live images of the procession carrying Khamenei’s coffin through the Iranian capital, where......

Global oil market weathers historic Iran supply shock, but shrinking reserves raise fresh price risks

The global oil market has so far demonstrated remarkable resilience after losing more than one billion barrels of supply during the conflict involving Iran. However, industry analysts warn that the stability achieved in recent months has come at the expense of emergency stockpiles, leaving the market more vulnerable to future supply disruptions......

Erdogan warns Israel against undermining US–Iran diplomatic efforts

Turkish President Recep Tayyip Erdogan has warned that Middle East peace efforts risk failing without the involvement and support of regional powers, urging that Israel must not be allowed to derail diplomatic progress between the United States and Iran. Speaking in Istanbul alongside Pakistani Prime Minister Shehbaz Sharif, Erdogan emphasized......

CMA CGM considers scrapping missile-damaged container ship after Strait of Hormuz attack

French shipping giant CMA CGM is considering scrapping one of its container vessels after it sustained extensive damage in a missile strike during the recent conflict in the Strait of Hormuz, according to the company's chief executive. Speaking at a business conference in southern France on Friday, Chairman and CEO Rodolphe Saadé......

UK services sector contracts at fastest pace since 2023 as Iran conflict weighs on Economy

Britain's services sector contracted for a second consecutive month in June, with business activity falling at its fastest pace since early 2023 as the economic effects of the conflict involving Iran continued to weigh on companies. The latest S&P Global Services Purchasing Managers' Index (PMI) fell to 48.8 in June from 49.3......

India sends senior delegation to Ali Khamenei funeral, signaling strategic diplomatic engagement

The government of India has announced that it will send a senior delegation to attend the state funeral ceremony of former Iranian Supreme Leader Ali Khamenei, underscoring the importance New Delhi places on its long-standing diplomatic relationship with Tehran. The delegation will include Minister of State for External Affairs Pabitra Margherita......

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