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Oil prices fluctuated as US-Iran talks showed signs of progress, clashing with US military strikes on Iranian missile sites and vessels. Hopes for the Strait of Hormuz reopening were dampened by fresh clashes, adding to market uncertainty after a major energy shock.

Questions are mounting over Supreme Leader Khamenei's direct involvement in Iran's ongoing US negotiations, with reports citing "serious ambiguities" about coordination. This uncertainty follows trips by Iranian officials and a reluctance to hold talks in Tehran or Pakistan, fueling speculation about who is directing the diplomatic process amid heightened Gulf tensions and ongoing clashes.

Oil prices dipped Friday as traders reacted to reports of a potential 60-day extension to a US-Iran ceasefire, which could ease restrictions on the Strait of Hormuz. While US Vice President Vance indicated a deal is close, sticking points remain, and renewed tensions on the ground underscore the ceasefire's fragility.

Karnataka CM Siddaramaiah has resigned, paving the way for DK Shivakumar. Meanwhile, CBI detained Twisha Sharma’s mother-in-law after her anticipatory bail was cancelled. Fresh US-Iran tensions simmer as Kuwait reports a missile attack. Japan halted Indian mango imports due to quarantine concerns, and North Korea rejected the Quad's denuclearisation call.

Africa's premier military drill, African Lion 26, illustrated the revolutionary role of artificial intelligence in joint operations. Across the landscapes of four nations, 5,600 troops from 40 different countries experienced AI-powered technologies that streamlined real-time surveillance and facilitated seamless communication.

In a dramatic turn of events, Kuwait's air defense forces successfully neutralized incoming missile and drone threats, reflecting the heightened tensions between the US and Iran. This incident unfolds in the wake of Iran's announcement about attacking a US airbase, a reaction to previous American strikes near Bandar Abbas where four Iranian drones met their demise.

As part of its commitment to strengthening naval power, the United States is embarking on an impressive campaign to re-establish battleships, with plans to launch 15 by 2055. Equipped with nuclear power, these colossal ships will enhance offensive firepower and enable superior command-and-control capabilities, supplementing existing carrier fleets.

Indian markets remained steady near record highs despite rising oil prices due to Iran tensions. Strong corporate earnings, particularly from Dollar Tree and Kohl's, bolstered investor confidence. While some companies faced headwinds from higher fuel costs, others like Snowflake saw significant gains driven by AI growth. Inflation data showed a slight acceleration, impacting Treasury yields.

US forces conducted 'self-defense' strikes on Iranian missile sites and boats near the Strait of Hormuz, escalating tensions despite ongoing diplomatic talks. President Trump warned Iran on enriched uranium, demanding its surrender or destruction. Iran condemned the strikes as a 'war crime,' accusing the US of targeting civilians. Peace negotiations continue, reportedly discussing the Strait's reopening and a ceasefire extension.

US forces struck Iranian missile sites and boats near the Strait of Hormuz. This happened during peace talks aimed at ending a three-month conflict. Iran accused the US of a war crime. Reports mentioned explosions and fatalities on Larak Island. Discussions continue on reopening the Strait of Hormuz and Iran's uranium stockpile.

Iran's parliament is considering hefty financial rewards for assassinating US President Trump and Israeli PM Netanyahu, escalating tensions after recent strikes. Lawmakers aim to formalize bounties, viewing these leaders as responsible for the death of Supreme Leader Khamenei. This move shifts threats from rhetoric to official parliamentary action, with warnings of wider retaliation.

US Secretary of State Marco Rubio's India visit highlights a deepening defence partnership, now a comprehensive strategic alliance in the Indo-Pacific. Discussions focused on sustained progress and regional security. India is a vital US partner, with cooperation in security, trade, and technology central to a free and open Indo-Pacific. Key agreements and joint exercises are enhancing interoperability and information sharing.

Oil prices saw a dip as hopes for a US-Iran deal to ease Middle East tensions and reopen the Strait of Hormuz emerged. Despite earlier drops, crude prices are recovering slightly. President Trump emphasized his focus on preventing Iran's nuclear ambitions and ensuring the Strait's accessibility, warning against interference.

United States military forces boarded an Iranian oil tanker in the Gulf of Oman. This action escalates pressure on Iran. The vessel was searched and redirected. It is the fifth commercial ship intercepted since Washington imposed a blockade on Iranian shipping. This is part of efforts to force Tehran back to negotiations and reopen the Strait of Hormuz.

Operation Epic Fury, initiated under the leadership of Donald Trump, saw the U.S. military suffer grave losses, with 42 aircraft—comprising fighter jets and drones—sustaining damage or being lost entirely. This aggressive strike prompted swift and vigorous reprisal from Iran, bringing the region to a boiling point.