Business
Iran’s military warns of decisive response if illegal US naval blockade continues – SUCH TV
Iran’s central military command warns that the continued naval “piracy, blockade, and banditry” by American forces in the region will be met with a decisive response from the Iranian armed forces.
“If the aggressive US military continues its blockade, piracy, and maritime banditry in the region, they can be certain that they will face the reaction of Iran’s powerful armed forces,” the Khatam al-Anbiya Central Headquarters said in statement on Saturday.
The headquarters emphasized that Iran’s military possesses “greater strength and readiness” than before to defend the country’s sovereignty, territorial integrity, and national interests.
It reminded Washington that parts of the US military had already experienced Iran’s offensive power and capabilities during the latest US-Israeli aggression against Iran, which began on February 28.
The statement further declared the country’s resolve to monitor enemy movements in the region while maintaining full control over the strategic Strait of Hormuz.
“We are ready and determined to inflict even more severe losses on American-Zionist aggressors in the event of any new violation,” the statement added.
Tensions have been running high over a so-called naval blockade the US has enforced on Iranian ports and ships as well as American attempts to conduct mine-sweeping operations in the Strait of Hormuz.
Iranian officials have said the blockade is unlawful and a breach of a two-ceasefire ceasefire that took effect on April 8 and was again unilaterally extended by US President Doland Trump hours before it was set to expire on April 22.
Iran says it will not accept diktats or conditions imposed by the United States and will not negotiate under the shadow of threats.
President Masound Pezeshkian said this week that the illegal blockade and breach of commitments by the US are the main obstacles in reviving talks with Washington aimed at ending the war.
Business
Gold price prediction today: Will gold prices continue to be volatile? Key levels to watch out for April 27, 2026 week – The Times of India
Gold price prediction today: Gold prices will closely track movements on the rate decisions by several central banks, including the US Federal Reserve, this week, says Manav Modi, Senior Analyst, Commodity Research at Motilal Oswal Financial Services Ltd.Gold is currently consolidating after sharp swings in a broad range, indicating a pause rather than a reversal. Price action shows a higher-high structure intact, but the recent sideways movement suggests indecision near the upper supply zone around 158,000–160,000. The formation resembles a short-term flag/triangle continuation pattern, where a breakout on either side will define the next directional move. Volume has tapered slightly, reinforcing the consolidation narrative.Gold prices recently moved from the upper band toward the mid-band (20 DMA), and are now attempting to stabilize. The bands have started to contract, signaling a potential volatility expansion ahead. Sustaining above the mid-band (~150,500–151,000 zone) keeps bullish bias intact, while a breakdown below this could trigger a deeper mean reversion toward the lower band.For the week, immediate support for gold prices is placed at around Rs 150,500, which is followed by stronger support near Rs 148,500. On the upside, the resistance stands at around Rs 155,500, and after that the key supply zone is at Rs 158,000. A decisive close for gold above Rs 158,000 levels can then resume the broader uptrend. However, a break in gold prices below levels of Rs 148,500 may shift the momentum to bearish in the near term.The economic docket is filled with data points and events this week as the focus will be on FED, BOJ, ECB and ECB policy meetings. US consumer confidence, GDP, inflation and durable goods orders data will also be in radar.(Disclaimer: Recommendations and views on the stock market, other asset classes or personal finance management tips given by experts are their own. These opinions do not represent the views of The Times of India)
British families tell BBC Panorama how the Iran war is affecting their monthly budgets.
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Business
Oil Prices: Oil prices today: Crude jumps nearly 2% as US-Iran talks stall, Hormuz disruptions tighten supply – The Times of India
Oil prices extended their rally on Monday, climbing nearly 2% as stalled peace talks between the United States and Iran and continued disruptions in the Strait of Hormuz kept global supply under pressure.Brent crude futures rose $2.16, or 2.05%, to $107.49 a barrel, the highest since April 7, while US West Texas Intermediate (WTI) gained $1.77, or 1.88%, to $96.17 a barrel.The latest surge follows sharp gains last week, when Brent and WTI climbed nearly 17% and 13%, respectively, their biggest weekly rise since the war began, reported Reuters.
Peace talks falter, tensions rise
Hopes of reviving diplomatic efforts weakened over the weekend after US President Donald Trump scrapped a planned Islamabad visit by envoys Steve Witkoff and Jared Kushner, even as Iranian foreign minister Abbas Araqchi arrived in Pakistan.“This move puts the ball squarely back in Iran’s court, and the clock is now ticking loudly,” IG market analyst Tony Sycamore said, adding that Iran could face pressure to shut production at ageing oil fields if storage capacity runs out, as per Reuters.
Supply squeeze intensifies
The supply outlook remains tight as Tehran has largely closed the Strait of Hormuz, while Washington continues its blockade of Iranian ports.Shipping data from Kpler showed that traffic through the key waterway remains severely restricted, with just one oil products tanker entering the Gulf on Sunday.The Strait of Hormuz, a critical global chokepoint, typically handles about a fifth of the world’s oil flows, making any disruption highly sensitive for markets.
Forecasts revised amid uncertainty
Reflecting the tightening supply scenario, Goldman Sachs raised its fourth-quarter oil price forecasts to $90 per barrel for Brent and $83 for WTI.“The economic risks are larger than our crude base case alone suggests because of the net upside risks to oil prices… and the unprecedented scale of the shock,” analysts led by Daan Struyven said in an April 26 note, reported Reuters.The combination of geopolitical uncertainty, restricted shipping routes and limited output is keeping oil markets on edge, with prices expected to remain volatile in the near term.
Gold price prediction today: Will gold prices continue to be volatile? Key levels to watch out for April 27, 2026 week – The Times of India
Iran proposes deal to reopen Strait of Hormuz, defer nuclear talks: report
Iran FM Araghchi arrives in Russia for high-talks with Putin
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