Pentagon fast-tracks aircraft carrier and submarine to Middle East
The deployment will see the aircraft carrier strike group, including its accompanying destroyers and support vessels, positioned in the Middle East earlier than initially planned.
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The deployment will see the aircraft carrier strike group, including its accompanying destroyers and support vessels, positioned in the Middle East earlier than initially planned.
The U.S. and U.K. have ramped up military deployments in the Middle East amid rising tensions, particularly surrounding Israel's ongoing war in Gaza. Concerns of further escalation with Iran are growing.
Israeli airstrikes have killed 25 Palestinians in the last 24 hours, pushing the death toll in Gaza to nearly 40,000. Meanwhile, tensions in the Middle East escalate as Hezbollah targets Israel.
Oil prices dipped as traders weighed Middle East tensions and a partial shutdown of Libya’s Sharara oilfield. Prices were also influenced by US economic concerns and recent geopolitical events.
Iran issues a NOTAM warning of military exercises and possible missile tests on August 7 and 8, amid escalating tensions following the assassination of Hamas leader Ismail Haniyeh.
Hezbollah's drone attack on Israel injures civilians, showcasing the group's ability to penetrate deeper into the country. Intense Israeli raids continue, escalating tensions in the Middle East.
UAE residents in Beirut face heightened travel challenges amid rising tensions between Israel and Hezbollah, while a bride-to-be navigates the impact of canceled wedding plans as international travel advisories intensify.
The G7, comprising Canada, France, Germany, Italy, Japan, the United Kingdom, and the United States, emphasized the critical need for de-escalation measures to prevent further humanitarian and geopolitical fallout.
Tata Motors was the hardest hit among the stocks, with shares plunging more than 7%. Oil & Natural Gas Corporation (ONGC) and Adani Ports & Special Economic Zone also saw substantial declines, contributing to the overall market slump.
Iran’s IRGC claims responsibility for Ismail Haniyeh’s assassination, accusing Israel and the US of involvement, and vowing severe retaliation. The situation heightens regional tensions amid escalating violence.
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