-
Germany, EU, stable investment stops despite upheaval: Merz
-
Wall Street faces earnings and Fed tests after turbulent technology-led week
-
China brands drop Mbappe for 'offending national sentiments'
-
Ukraine, Russia say US-brokered truce holding in ravaged city
-
India orders evacuations as Cyclone Arnab looms
-
Police form SIT after vehicles in Rahul Gandhi convoy collide on expressway
-
Dutch broadcaster pulls out of Eurovision over Israel 'sensitivities'
-
Delhi grants minimum monthly pay and DA to about 4,000 MCD health workers
-
Critical coal inventories affect nearly half of India’s domestic power plants
-
Ather Energy shares climb 14% after quarterly profit and expansion plan
-
FCNR(B) deposit drive puts sharper margin pressure on private banks
-
Gold ETF flows turn negative after 13 weeks as bullion loses 4%
-
Noel Tata requests records of September 17 Tata Sons board meeting
-
Pakistan's last antique restorers give old treasures new life
-
Reparations calls to dog King Charles's tough Caribbean trip
-
India braces for Cyclone Arnab with evacuations
-
Global rates and foreign outflows remain key risks for Indian markets
-
Steel Strips Wheels gains 36% in two sessions on growth outlook
-
Neha Nagar says ₹3 crore can fund retirement with disciplined planning
-
Cavs edge T'Wolves in overtime despite superb Edwards
-
Vikas Satija says steady SIP flows shielded Indian equities from deeper losses
-
Prescott fires Cowboys to 38-21 win over plummeting Eagles
-
Brewers rout Rays to reach brink of World Series sweep
-
Kuwait padel chief hails national showing at Premier Padel Major
-
Mbappe dropped by Chinese brands for 'offending national sentiments'
-
Britain prepares constrained budget as debt and defence pressures mount
-
Kuwait exhibition presents Ukraine’s Islamic heritage and cultural ties
-
Valkyries beat Dream to reach brink of WNBA title
-
Tech firms track Wall St rally on mixed day for Asian markets
-
Benjamin Netanyahu: Israel's longest-serving PM fighting for survival
-
Jay-Z to perform at Super Bowl LXI halftime show: NFL
-
Kuwait receives invitation to 2026 UN Water Conference in Abu Dhabi
-
Climate-threatened Fijian utopia rejects calls to relocate
-
Arab World Institute president outlines plans for stronger Kuwait-France cultural links
-
Israel to give verdict on Netanyahu in pivotal election
-
Bolsonaro's party says it recognizes Lula's election win in Brazil
-
$1m bounties, dawn arrests: Trump presses voter fraud campaign
-
Meghan on TV menu for 'Junior MasterChef Australia'
-
Gasping for air: Borneo residents struggle as island burns
-
South Korea's chip boom fuels forecast-beating third-quarter growth
-
Doha exhibition charts a millennium of Chinese maritime ceramics trade
-
US-brokered truce begins in Ukraine city occupied by Russia
-
New Zealand ex-PM Ardern to teach leadership in Sydney
-
Qatar launches Fashion and Crafts Council to connect talent with global markets
-
Ballon d'Or 'beyond wildest dreams' but Kane has plenty more to prove
-
Jordan strikes militant groups in Syria after church attack
-
No envy, no secrets: How Spain's Gipuzkoa became football coaching hotbed
-
FIA chief praises Middle East motorsport volunteers and officials
-
South Korea economy grows three times faster than expected in Q3
-
Australia warns of 'unprecedented' AI threat
US hits Iran, says war cost at $37.5 bn
Fresh US strikes triggered air defences in Tehran on Wednesday after President Donald Trump warned he was "not finished" with a war with Iran that has already cost his nation $37.5 billion.
After the foes' fighting over the strategic Strait of Hormuz led to the collapse of a preliminary deal, the Middle East war has expanded to include the region's other key chokepoint for global oil supplies.
The US military said its latest attacks hit targets such as "military logistics infrastructure", while Iranian state media reported strikes around the country, including Bushehr, which hosts a nuclear power plant
"News sources reported minutes ago that air defence activity was heard in the west, east and northeast of Tehran," state TV posted on Telegram.
As the war nears the five-month mark and November legislative elections approach, Trump has faced intense political pressure to end the conflict, which is unpopular even with segments of his base.
Critics have pointed to the cost of the war that Pentagon Chief Pete Hegseth said Tuesday had soared to $37.5 billion, defending a request for tens of billions in additional funding for the military.
The US military said Tuesday it had launched an eleventh consecutive night of strikes against Iran, saying it targeted military sites to "further degrade Iran's ability to threaten commercial shipping in the Strait of Hormuz.
Trump said Tuesday that the next US target could be an underground complex known as Pickaxe Mountain, a subterranean nuclear site near Natanz where Western intelligence suspects Iran is building an undeclared enrichment facility.
Iran threatened reprisals, with the Khatam Al-Anbiya military command saying it would "consider it as an expansion of war in the region" if such an attack were carried out, threatening strikes on "all the interests of America, the allies and supporters", state-run broadcaster IRIB reported.
The warning came as Tehran broadened its offensive against US-allied Gulf states after its Houthi allies threatened to blockade Saudi ports.
Two weeks after fighting resumed between the decades-old foes, Trump said Iran would need more than 20 years to recover from the damage inflicted in the Middle East war.
"If we left right now, it would take Iran 20, 25 years to rebuild," he said. "We're not finished at all... we're not leaving right now.
- Houthi threat -
Kuwait's army said Wednesday its air defences were engaging with drone attacks from Iran, the latest round of Tehran's reprisals.
US ally Bahrain said Tuesday it intercepted Iranian attacks as sirens sounded repeatedly, while Kuwait and Jordan said they had intercepted drone and missile strikes.
The Iranian army had said it targeted US assets in Kuwait and Bahrain, including air defence systems, radar installations and administrative buildings.
"With this radar sweep, the enemy should prepare for even more decisive and powerful waves of drone and missile attacks," the Guards said in a statement carried by state news agency IRNA.
Trump said he would "take care of" Yemen's Iran-backed Houthi rebels if they followed through on a threat Monday to blockade Saudi Arabia's ports.
"If something like that happens, we take care of it," Trump said. "We've done that with the Houthis before, and we haven't heard from them in a while since we did what we did originally."
Saudi Arabia strongly condemned the threat from what it called the "terrorist Houthi militia".
It remains unclear how the Houthis would enforce such a blockade.
But maritime intelligence provider Vanguard Tech said a Singapore-flagged tanker and a Liberia-flagged tanker both "reversed course" in the Red Sea after loading crude at the Saudi port of Yanbu.
If the Houthis make good on the threat, they could endanger Riyadh's ability to bypass the Strait of Hormuz for some oil exports, with major repercussions for the global economy.
Saudi Arabia and the Houthis traded fire last week for the first time in years, threatening a 2022 truce, but the rebels have largely remained on the sidelines since Israel and the United States attacked Iran in late February.
The Revolutionary Guards said Tuesday that two tankers attempting to transit the strait "were hit by explosions, resulting in massive fires that brought them to a standstill".
The UK Maritime Trade Operations agency earlier reported that an "unknown projectile" struck a tanker off the coast of Oman.
Despite the fighting, Iranian foreign ministry spokesman Esmaeil Baqaei said diplomatic exchanges with Washington through mediators were continuing.
Mediator Pakistan's Prime Minister Shehbaz Sharif called for restraint during a meeting with Iran's Interior Minister Eskandar Momeni.
Sharif urged all sides to "refrain from actions that could further destabilise the region", his office said.
R.Braegger--VB