West Asia – Artifex.News https://artifex.news Stay Connected. Stay Informed. Thu, 20 Aug 2026 15:40:00 +0000 en-US hourly 1 https://wordpress.org/?v=7.1.2 https://artifex.news/wp-content/uploads/2026/05/cropped-cropped-app-logo-32x32.png West Asia – Artifex.News https://artifex.news 32 32 Domestic tourism cushions India as West Asia crisis, high airfares hit international travel https://artifex.news/article71369999-ece/ Thu, 20 Aug 2026 15:40:00 +0000 https://artifex.news/article71369999-ece/ Read More “Domestic tourism cushions India as West Asia crisis, high airfares hit international travel” »

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Travel & Tourism Fair, Mumbai 2026
| Photo Credit: Special Arrangement

India’s domestic tourism market is emerging as a key cushion for the travel and tourism sector as the West Asia crisis, currency fluctuations, visa challenges and a sharp rise in Aviation Turbine Fuel (ATF) push up international airfares and reshape traveller preferences, industry officials said.

“Geopolitical uncertainties, currency fluctuations and high international airfares are reshaping travel choices,” Burjis Mehta, President, Bombay-Skal International, a part of the global network of travel and tourism professionals, said on the sidelines of TTF (Travel & Tourism Fair), Mumbai 2026, organised by Fairfest Media.

With travellers becoming increasingly cautious about West Asia, he said destinations across the Far East, including Vietnam, Laos, Cambodia, Thailand, Singapore, South Korea and Japan, are witnessing increased interest.

Within India, high airfares are prompting price-sensitive travellers to choose rail and road travel, shorter holidays and destinations closer to home, further supporting domestic tourism, he added.

Rajesh Poddar, Chairman-Western Region, Travel Agents Association of India (TAAI), said the travel trade was witnessing strong momentum in both domestic and Far East markets, with geopolitical conflicts and visa challenges in the U.S. and European Union influencing travel decisions.

India recorded more than 4.3 billion domestic tourist visits in 2025, while 32.83 million Indian nationals travelled abroad during the year, marking a 6.3% year-on-year increase, he said.

Travellers are also increasingly looking for offbeat and lesser-known destinations, while affordable and hassle-free visa regimes are creating opportunities across segments, including luxury travel, he said. Greater government support through easier visa processes, tourist-friendly infrastructure and dedicated tourist police could further accelerate the sector’s growth, Poddar added.

Outbound, MICE, luxury and experiential travel are among the fastest-growing segments, with several businesses reporting double-digit growth, according to Jay Kantawala, Chairman-Western Chapter, Travel Agents Federation of India (TAFI).

“Travellers are now increasingly seeking premium, personalised and immersive experiences,” Kantawala said, adding that the shift was transforming the role of travel agents from itinerary providers into experience designers.

Sanjiv Agarwal, Chairman and CEO of Fairfest Media, the organiser of TTF Mumbai 2026, said India’s response to uncertainty in global travel markets had been stronger domestic travel.

India recorded close to 3 billion domestic tourist visits in 2024, while domestic visitor spending has been a major driver of the sector’s post-pandemic recovery, according to the World Travel & Tourism Council.

Industry projections estimate India’s domestic tourism market could reach around ₹35 trillion by 2029, with surveys also indicating that a majority of Indian travellers intend to increase their travel spending.



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The view from India Newsletter: The war within the war  https://artifex.news/article71356394-ece/ Tue, 18 Aug 2026 08:41:00 +0000 https://artifex.news/article71356394-ece/ Read More “The view from India Newsletter: The war within the war ” »

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This image taken from video broadcast by Al-Masirah TV, a Houthi-controlled news channel, shows an explosion at the Sanaa International Airport compound during what the Iranian-backed Houthi rebels in Yemen said were several Saudi airstrikes in Sanaa, Yemen, July 13, 2026. (Al-Masirah TV via AP, File)

(This article is part of the View From India newsletter curated by The Hindu’s foreign affairs experts. To get the newsletter in your inbox every Monday, subscribe here.)

Yemen’s Ansar Allah is one of Iran’s closest allies in West Asia. Ansar, better known as the Houthis, Hezbollah, Hamas and Iraq’s Hashad al-Shabi make Iran’s infamous quadrilateral axis in the region. When the U.S. and Israel launched their war against Iran on February 28, many thought the Houthis would join the war in defence of the Islamic Republic. Hezbollah opened a new front on Israel’s northern border. Hashad carried out occasional drone attacks at U.S. bases in Iraq. But the Houthis largely stayed out of the war. 

Not any longer.

On July 13, during the second phase of the U.S.-Iran war, a Houthi-controlled airport in Yemen’s Sanaa was targeted. Yemen is practically divided among three rival factions. The Houthis, who control parts of the country’s Red Sea coast and its north and northwestern areas, including borders with Saudi Arabia, are arguably the most powerful ones. Yemen’s ‘internationally recognised government’, which is based in Saudi Arabia, controls parts of southern and southeastern Yemen.The Southern Transitional Council, a south-based separatist movement that is backed by the UAE, controls some areas in and around Aden, the southern port city. Yemen’s Saudi-based government claimed the July 13 attack on the Sana’a airport. But the Houthis directly held Saudi Arabia accountable for the attack. They carried out air strikes on Saudi oil fields and imposed a maritime blockade on the Kingdom’s Red Sea ports. 

Saudi Arabia hit back by bombing Houthi sites in Yemen. The crisis also led to an open conflict between the Houthi-led forces and the Saudi-backed forces of the Yemeni government, which is now rapidly escalating, despite a lull in fighting between the U.S. and Iran. The Houthis, like the Iranians, have a geographical advantage. They control Yemen’s coast of the Bab-el Mandeb Strait, which connects the Red Sea with the Gulf of Aden that joins the Arabian Sea. If the Red Sea is the link between European and Asian waters, Bab-el Mandeb is its southern gate, with the Suez Canal being the northern gate. If Bab-el Mandeb is closed, the link between the Mediterranean Sea and the Arabian Sea would be broken. 

After the Strait of Hormuz, which connects the Persian Gulf with the Arabian Sea, was closed by Iran, Saudi Arabia had moved much of its oil to the export terminals on the Red Sea coast, mainly Yanbu. The Kingdom has an East-West Pipeline connecting the eastern oil fields with the western ports on the Red Sea. But the Houthi move to target Saudi ships in the Red Sea or prevent them from crossing the Bab-el Mandeb Strait put the kingdom in a difficult spot. Hormuz remains closed. And the Houthi threat has made it increasingly difficult for Riyadh to ship oil out of its western ports through the Bab-el Mandeb strait into the Asian markets. The blockade has also added additional pressure on the global economy.

So to understand the Iran war and its regional and geoeconomic consequences, it is important to understand the Houthi role in it. That’s why we decided to unpack the Houthi question in two podcasts for The Hindu’s viewers. In this episode of In Focus (Red Sea on Fire), we discuss the horizontal expansion of the Iran war into Yemen and the Red Sea waters. But to begin with, who are the Houthis? In January 2024, when the Houthis had started attacking Israel and imposed a blockade on the Red Sea “in solidarity with the Palestinians”, I had written a profile of the movement in The Hindu. You may read it here. 

Though much has not changed in Yemen’s power balance ever since, the Houthis have emerged a more powerful regional actor in recent years, particularly after they survived a month-long U.S. military campaign (‘Operation Rough Rider’) in 2025. In the latest episode of Global Faultines, our fortnightly foreign affairs podcast, we discuss the Houthi question in Yemen’s historical context. 

Though the Houthis are largely seen as Iranian allies, they possess autonomy and they have their own strategic calculations. It would be a mistake to write them off just as Iranian proxies. What emerged as a Zaidi revivalist movement, the Houthis captured momentum when Yemen was rocked by Arab Spring protests in 2011.They seized Sana’a in 2014. When Saudi Arabia started bombing Yemen in 2015 aimed at expelling the Houthis, the latter turned the crisis into a source of political strength through resistance. Over the years, they have evolved from a revivalist movement to an insurgency to a territorial army and now a naval force in the Red Sea. More in the Global Faultlines episode.   

Are the Houthis Iranian proxies?



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Beyond national interest: role of ethics and emotions in world politics https://artifex.news/article71278490-ece/ Tue, 28 Jul 2026 17:28:00 +0000 https://artifex.news/article71278490-ece/ Read More “Beyond national interest: role of ethics and emotions in world politics” »

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The language of world politics has become remarkably predictable. Every military strike, diplomatic initiative, economic sanction, or strategic partnership is justified in the name of national interest. Television debates and commentaries have a common vocabulary — power, deterrence, balance of power, strategic autonomy, and security. It almost appears as though International Relations has become an emotionless discipline, focused on power concentration, where morality and ethics have little place. Yet the defining geopolitical crises of recent years tell a very different story.

Influence of Western traditions

International Relations, both as an academic discipline and as a practice of diplomacy, has been largely shaped by Western intellectual traditions, with much of academic research originating in the United States of America. No wonder, famous IR scholar, Stanley Hoffman, in his article, argued that IR is an American Social Science. It is difficult to refute Hoffman’s argument because initially the modern international order emerged when European powers dominated much of the world, leaving the Global South with little role in designing the institutions, norms, and rules that continue to govern global politics. However, the discipline itself acquired its modern identity after the Second World War, with the U.S. based scholar, Hans Morgenthau’s Realism becoming the dominant framework for understanding international affairs. Realism portrays the international system as anarchic and argues that states, in the absence of a central authority, are compelled to pursue their national interests. Although the theory is far more nuanced than its popular interpretation suggests, public discourse has reduced it to two defining ideas—anarchy and national interest. Over time, Realism travelled from classrooms to newsrooms, becoming the default language through which foreign policy is interpreted.

There is much to appreciate in the Realist tradition. It reminds us that power, military capability, and strategic calculations remain central to international politics. However, the dominance of Realism has also encouraged the belief that foreign policy is little more than a rational pursuit of national interest. Ethical considerations are often dismissed as idealistic, while emotions are treated as irrational distractions. Yet certain recent scholarships in International Relations have increasingly challenged this assumption. Scholars such as Neta Crawford have argued that emotions are not the opposite of rationality; rather, they are integral to political judgment. Fear, grief, anger, humiliation, empathy, and pride actively shape how leaders interpret threats, define interests, and respond to crises. Foreign policy, therefore, is not merely an exercise in cold strategic calculation, but also a product of moral perceptions and collective emotions. This dynamic is encapsulated by scholar Brent Sasley, who notes that while state leaders make formal decisions as members of a group, “they do so within a particular (social) context and on that (social) basis”.

Question of political legitimacy

The recent U.S.-Iran conflict illustrates this point. Much of the strategic analysis focused on military capabilities, damage assessments, and the future balance of power in West Asia. Comparatively little attention was paid to the emotional and ethical consequences of the conflict. The assassination of Ayatollah Ali Khamenei, who was not only Iran’s Supreme Leader but also one of the most influential religious figures in the Shia world, produced consequences that extended far beyond military calculations. Rather than weakening the Iranian state, his death generated an extraordinary wave of national solidarity. A society that had appeared politically divided only months earlier united around a shared sense of loss, nationalism, and religious identity. Crawford’s observation that grief and the desire for revenge continue to shape political behaviour long after the battlefield has fallen silent is particularly relevant in this context. Military planners may calculate strategic gains, but societies often respond through memory, identity, and emotion. Therefore, it is important to note that foreign policy must not be judged solely by the actions of a government, but also by how those actions shape and influence global public opinion. The debate surrounding the assassination largely focused on how Washington would engage with a post-Khamenei Iran. Far less attention was devoted to the ethical questions raised by such an operation and its implications for America’s moral standing. Strategic success does not automatically translate into political legitimacy.

The changing international perception of Israel offers another important example. Following the Hamas attacks of October 2023, Israel received widespread sympathy and support across much of the world. Most governments affirmed Israel’s right to defend itself. However, as the humanitarian crisis in Gaza deepened, due to mindless aggression shown by the Israeli army, public opinion began to shift. Large demonstrations across Europe and North America reflected growing concerns over civilian suffering and questioned the proportionality of Israel’s military response. In this, governments and societies increasingly spoke in different voices. While many governments continued to emphasise security considerations, public opinion became increasingly influenced by humanitarian concerns. Thus, while military superiority can alter realities on the battlefield, it cannot prevent the erosion of moral legitimacy.

Ethical concerns over globalisation

History offers numerous examples of ethics shaping international politics. Throughout the Cold War, the U.S. consistently presented itself as the defender of democracy, human rights, and individual liberty while portraying Soviet communism as an authoritarian system hostile to political freedom. The post-war liberal international order derived much of its legitimacy not merely from military and economic strength but also from its claim to uphold universal values. Even globalisation was promoted as a project that would bring societies closer together through greater interdependence and cooperation. Although globalisation generated unprecedented economic growth, it failed to bridge the structural inequalities between the Global North and the Global South, leading many to question whether the liberal international order had fulfilled its ethical promises.

The position of Global South

Historically, the Global South has been among the most vocal in injecting moral considerations into international politics. The Non-Aligned Movement (NAM) was not merely a strategy to avoid Cold War rivalries; it represented a normative vision of sovereign equality and a collective call for a more just world order. Contemporary India continues to invoke similar ideas through its emphasis on the Global South and the civilisational philosophy of ‘Vasudhaiva Kutumbakam’— the world is one family. Notably, India’s international standing has historically rested not only on its growing economic and strategic capabilities but also on its democratic institutions, pluralism, and anti-colonial legacy. During the Bangladesh Liberation War of 1971, for instance, international public opinion gradually shifted in India’s favour after the humanitarian catastrophe in East Pakistan became widely known. More recently, India’s consistent opposition to cross-border terrorism has enjoyed broad international support because it resonates with widely accepted ethical norms.

This moral capital, however, cannot be taken for granted; it must be continuously reinforced through consistent foreign policy choices. For instance, India’s relatively restrained response to recent developments in West Asia has generated debate over whether its pursuit of strategic autonomy truly aligns with the ethical principles it frequently projects on the international stage. Ultimately, India’s international standing is built on more than just its market size. It is widely applauded as a vibrant, multicultural nation where democracy has successfully endured, even when it faltered in other developing countries facing similar socio-economic conditions.

In conclusion, it is a mistake to interpret International Relations merely as the study of the redistribution of power; it is equally crucial to understand how that power is evaluated. In a world defined by Artificial Intelligence, digital media, transnational activism, and instantaneous communication, wars are no longer judged solely by governments or strategic analysts. Instead, real-time images of civilian suffering, humanitarian crises, and political violence actively shape international narratives as they unfold. While Realism remains highly relevant for explaining why states pursue power and security, achieving a comprehensive and nuanced understanding of world politics requires us to examine how societies accept, reject, or morally evaluate that power.

(Dhananjay Tripathi teaches International Relations at the South Asian University, New Delhi.)

Published – July 29, 2026 08:00 am IST



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U.S. launches more strikes on Iran as standoff over Strait of Hormuz escalates https://artifex.news/article71215678-ece/ Sun, 12 Jul 2026 23:51:00 +0000 https://artifex.news/article71215678-ece/ Read More “U.S. launches more strikes on Iran as standoff over Strait of Hormuz escalates” »

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A man walks next to a symbolic mockup of an Iranian missile and an Iranian flag at Imam Hussein Square in Tehran, Iran, on July 12, 2026
| Photo Credit: via Reuters

The U.S. military said it has launched another round of strikes against Iran “to degrade their ability to attack commercial ships freely transiting the Strait of Hormuz.” The strikes, which took place overnight and into early Monday (July 13, 2026) in Iran, came after attacks by the military on Sunday morning in response to an Iranian strike on a container ship in the critical waterway the day before.

Iran responded to those strikes by attacking Gulf Arab states in an escalating cycle of violence that left the negotiations between Tehran and Washington to end the war at the edge of collapse.

The governor of Qeshm Island near the strait told Iran’s state-run IRNA news agency that projectiles were fired at military targets, with no casualties. Explosions were also heard in the coastal city of Bandar Abbas and Hajiabad city to the north.

A U.S. official said a few strikes were conducted on missile and air defence systems and paramilitary Revolutionary Guard boats at a couple of locations to further degrade Iran’s ability to attack commercial shipping. They spoke on condition of anonymity because they were not authorised to publicly discuss military operations.

Iran and the U.S. are nearly at the midway point of the 60 days of their interim deal aimed at reaching a permanent end to the war. The Strait, a key route for the global supply of oil and natural gas and long considered an international waterway, has become a sticking point in negotiations that seem in danger of collapse.

“A return to full-scale hostilities would have catastrophic consequences,” United Nations Secretary-General António Guterres said, according to a statement.

Heavier attacks

The attacks by the U.S. were heavier than in recent days. The U.S. has launched three rounds of airstrikes targeting Iran in the past week over attacks on ships heading through the strait using a route off Oman, seeking to avoid the Islamic Republic’s territorial waters.

“We bombed the hell out of them last night,” President Donald Trump told NBC’s ‘Meet the Press’.

Semi-official Iranian news agencies reported that a navy officer was killed. Iran retaliated by attacking nations in the region hosting US military forces, while insisting it alone must control the strait and potentially charge vessels for travelling through it.

Oman summons Iranian envoy to protest attack

Missile alerts sounded across several Gulf Arab countries. Qatar’s military said it intercepted incoming Iranian fire, with explosions heard in the neighbouring United Arab Emirates. Three people, including a child, were wounded by shrapnel from the interception of attacks, Qatar’s Interior Ministry said.

Missile alerts sounded in Bahrain, home to the US Navy’s 5th Fleet.

Kuwait’s Defence Ministry said three “land border posts” in the north and an offshore drilling platform of the Kuwait Oil Company were damaged, with one worker wounded.

Three Iranian missiles struck areas across Jordan, causing minor damage but no injuries, Jordan’s state news agency reported.

And the Omani state news agency said drones struck sites in an area on the waterway, a day after Oman and Iran held talks on the strait and agreed to continue discussions. The strait sits in Iran and Oman’s territorial waters.

Oman summoned the Iranian ambassador to protest the strikes, the first such move since the war began, calling Iran’s acts “irresponsible.”



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Rupee slips 4 paise to 95.52 against U.S. dollar in early trade https://artifex.news/article71200989-ece/ Thu, 09 Jul 2026 07:00:00 +0000 https://artifex.news/article71200989-ece/ Read More “Rupee slips 4 paise to 95.52 against U.S. dollar in early trade” »

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At the interbank foreign exchange market, the rupee opened at 95.52 and remained weaker against the U.S. dollar, down 4 paise from its previous close. File
| Photo Credit: Getty Images/istockphoto

The rupee fell 4 paise to 95.52 against the U.S. dollar in early trade on Thursday (July 9, 2026), weighed down by surging crude oil prices after fresh tensions in West Asia rattled sentiments worldwide, raising fears of uncertainties over global trade.

According to analysts, oil prices soared to their highest point in weeks after President Donald Trump announced an end to the ceasefire with Iran in response to Iranian attacks on commercial ships in the Strait of Hormuz and on American military sites in other Gulf nations.

However, positive sentiment in domestic equity markets supported the Indian currency, they said.

At the interbank foreign exchange market, the rupee opened at 95.52 and remained weaker against the U.S. dollar, down 4 paise from its previous close.

On Wednesday (July 8, 2026) , the rupee plunged 52 paise to settle at 95.48 against the U.S. dollar.

Meanwhile, the dollar index, which gauges the greenback’s strength against a basket of six currencies, was trading at 100.98, down 0.09%.

Brent crude, the global oil benchmark, was trading higher by 1% at $78.80 per barrel in futures trade.

Analysts attributed the sharp rise in crude prices to the fresh escalation in West Asia tension, which is likely to block the Strait of Hormuz and restrict the movement of oil tankers.

The domestic equity market saw some recovery, with Sensex rising 454.78 points, or 0.59%, to 76,958.38, and Nifty climbing 151.10 points, or 0.63%, to 24,033.15. Both indices crashed over 2% in the previous session.

Foreign institutional investors purchased equities worth ₹1,962.80 crore on a net basis on Wednesday (July 8, 2026) according to exchange data.



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Iran prepares for weeklong funeral of late Supreme Leader Ayatollah Ali Khamenei, killed in war https://artifex.news/article71180029-ece/ Fri, 03 Jul 2026 16:57:00 +0000 https://artifex.news/article71180029-ece/ Read More “Iran prepares for weeklong funeral of late Supreme Leader Ayatollah Ali Khamenei, killed in war” »

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Iran prepared on Friday (July 3, 2026) for the dayslong funeral of the late Supreme Leader Ayatollah Ali Khamenei, with banners across Tehran urging the public to rise up in support of the Islamic Republic after the devastating war that killed the 86-year-old cleric.

The country’s theocracy plans to see millions flood the streets of the capital beginning on Saturday (July 4, 2026) in scenes reminiscent of the burial of the late Supreme Leader Ayatollah Ruhollah Khomeini in 1989.

That could provide a boost for Iran’s government, particularly as it tries to leverage its hold on the Strait of Hormuz in negotiations with the United States over a permanent end to the war, and as concern still lingers that Israel could attack yet again.

Despite that, a powerful general who leads Iran’s paramilitary Revolutionary Guard emerged publicly for the first time in months for the funeral. Other top government officials will also likely will be on hand alongside foreign dignitaries in a show of strength of Iran.

“As long as these people, who are chosen (by God), are on the field, we will definitely continue the same ‘no to humiliation’ policy that was founded by the Islamic Republic,” said Mohammad Hossein Rezaei, a volunteer preparing for the funeral on Friday (July 3, 2026).

“We will continue our policy of pursuing independence, and decisions will be made inside the country, and the people will decide their own fate,” he said.

Caskets displayed in Tehran

Khamenei’s flag-draped coffin sat at Tehran’s Grand Mosalla alongside family members killed in the Israeli airstrike that came in the first moments of the war on February 28.

The dead being honoured include a son-in-law, his eldest daughter, a 14-month-old granddaughter and the wife of Iran’s new Supreme Leader, Ayatollah Mojtaba Khamenei, the son of the previous leader who remains in hiding after reportedly being wounded in the attack.

Religious leaders and foreign dignitaries walked up to Khamenei’s casket as a military band played or a man sang prayers. Iran’s Parliament speaker Mohammad Bagher Ghalibaf, Foreign Minister Abbas Araghchi and President Masoud Pezeshkian, key leaders in the country’s civilian government, all paid their respects.

Video published by Iranian state media showed an earlier mourning ceremony on Thursday (July 2, 2026) night for Khamenei. The black-clad mourners, whom state media identified as coming from families of those who lost loved ones in the 12-day war in 2025 and the recent Iran war, threw scarves and other items for attendants to brush against the coffin, a common practice in Iran seen as a blessing.

Later, state media showed images of Khamenei’s casket draped by a red flag with white calligraphy reading “Ya Hussein,” a Shiite expression in remembrance of the 7th-century martyrdom of the Prophet Muhammad’s grandson. It had been flying over the Imam Hussein golden-domed shrine in Karbala, Iraq. The flag also traditionally symbolises both the spilled blood of someone unjustly killed and a call for vengeance.

Top general appears for first time in months

Photos published online by Iranian state media showed Gen Ahmad Vahidi attending a meeting on Thursday (July 2, 2026) about the funeral of Khamenei, then sitting alongside his casket as Iran’s theocracy held a smaller service for him Thursday (July 2, 2026) night near the supreme leader’s former home in downtown Tehran.

“They must know that the pure blood of our martyred imam will mark another turning point in the victories of beloved Islam across the global arena,” Mr. Vahidi told state television in comments aired on Friday (July 3, 2026). “They will take to their graves the wish to see this nation surrender. This nation will rise higher day by day through this pure blood.”

Mr. Vahidi has become a major player in formulating Iran’s tough stance in negotiating a possible permanent end to the war with the United States, experts say. He had not been seen publicly since February 8, weeks before the Iran war began.

Israel killed top leaders in Iran’s military and government during the war, and has threatened the life of Ayatollah Mojtaba Khamenei as well. Vahidi is believed to be part of a small clique in direct contact with the younger Khamenei.

It remains unclear whether Khamenei will appear at his father’s funeral. His father appeared in 1989 at Khomeini’s funeral, weeping visibly, as he began his journey to lead Iran for decades with an iron fist while confronting the West.

Israel’s repeated threats to kill Khamenei drew a warning from Iran’s joint military command on Thursday (July 2, 2026).

“We warn the enemies of a strong Iran, especially the United States, the Israeli regime and their regional and extraregional accomplices, to avoid any miscalculation and to consider the harsh and regret-inducing responses that the sons of the Iranian nation in the armed forces will give to any threat or aggression against our beloved country,” the military command said.

Funeral to go on for days

Beginning Saturday (July 4, 2026), Iran will hold the days-long funeral for Khamenei, and his body will be transported to cities in both Iran and neighbouring Iraq. Authorities plan to shut down streets, airspace and daily life in Tehran as mourners commemorate the life of Khamenei.

In Tehran, images of the late Khamenei’s fist could be seen in banners and in a giant statue in Tehran’s Enghelab Square, framed by what appeared to be ballistic missiles flying through the air.

In his first message to the nation, read by a state television anchor, Mojtaba Khamenei said he saw his father’s body after his death with raised, clenched fist.

The banners read in Arabic, English and Farsi: “We must rise.”

“This fist is the clenched fist of all us Muslims,” taxi driver Jafar Javadi said. “The leader’s fist is a sign all our fists are clenched and they (the enemies) will be destroyed with these fists, God willing. We will continue chanting death to America and death to Israel with the same clenched fist.”

Published – July 03, 2026 10:26 pm IST



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U.S. says downed multiple Iran drones as both insist deal closer https://artifex.news/article71096932-ece/ Sat, 13 Jun 2026 07:50:00 +0000 https://artifex.news/article71096932-ece/ Read More “U.S. says downed multiple Iran drones as both insist deal closer” »

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The United States said it downed multiple Iranian drones targeting commercial ships in the Strait of Hormuz early Saturday (June 13, 2026), hours after both sides said a deal to end the West Asia war was closer than ever.

West Asia war LIVE updates on June 13, 2026

The interception came after weeks of halting talks between Tehran and Washington, mediated by Pakistan, that have been marked by threats and exchanges of fire despite a fragile truce agreed in April.

U.S. Central Command (CENTCOM), which oversees operations in the region, posted on X that Iran had “launched multiple one-way attack drones in an attempt to strike commercial ships transiting the Strait of Hormuz”.

“U.S. forces have downed all of them in recent hours as traffic flow through the strait continues unimpeded,” it said.

CENTCOM added that the Strait of Hormuz — a key maritime trade route for oil and gas from the Gulf — “remains open for transit”, despite an Iranian enforced blockade since the start of the war.

Disagreements between the two sides have persisted, with Iranian state media publishing a breakdown of what was purportedly on the table that was at odds with Washington’s account.

“The Islamabad Memorandum of Understanding has never been closer,” Iran’s Foreign Minister, Abbas Araghchi, wrote in a social media post, referring to the Pakistani capital that hosted previous U.S.-Iran talks.

Mr. Trump — who on Friday (June 12, 2026) morning accused the Iranians of negotiating in bad faith and misrepresenting the terms that had been agreed — posted a screenshot of Mr. Araghchi’s message on his own feed just hours later.

Mr. Araghchi provided some details on the agreement in an interview with state television, saying it calls for the lifting of the U.S. naval blockade of Iran’s ports and unspecified changes to the administration of the Strait of Hormuz.

He also said the only way to deal with the country’s enriched uranium — which Washington alleges is part of a nuclear weapons programme — “is to dilute it inside Iran”.

‘Not 100 percent’

Disputing Mr. Trump’s “bad faith” accusation, Iranian Foreign Ministry spokesman Esmaeil Baqaei said an agreement had now been reached with Washington “on most points”.

Pakistani Prime Minister Shehbaz Sharif, whose country has been a key mediator since the initial talks, confirmed that “a final, agreed-upon text of the peace deal has been reached”.

“Peace has never been as close as it is now,” Mr. Sharif said, while acknowledging “incessant misinformation” surrounding the deal.

A senior U.S. official also voiced optimism that the parties would be “signing this agreement over the next few days”.

“If I were to give you a confidence that we were going to be signing this agreement, I maybe would have said 75% this morning, it’s probably more like 80-85% now, but it’s not 100%,” the official told reporters in a call.

The Swiss Foreign Ministry on Friday (June 12, 2026) said it had been in contact with both the United States and Iran, and had “proposed Switzerland as the venue for a possible signing, should the parties agree to it”.

But Mr. Araghchi said that upon finalisation, a draft deal with the United States would be signed “remotely”, adding that this could happen “in the coming days”.

U.S. ally Israel has said that Mr. Trump had promised it that any agreement would see Iran stripped of its enriched nuclear material, but Tehran’s official IRNA news agency said this was not even on the table.

‘Benefits will flow’

According to IRNA’s account, after an initial agreement is signed, Iran and the United States would hold 60 more days of talks and “Iran’s right to enrich uranium and the retention of enriched material… will be emphasised with a view to their inclusion in the final agreement”.

Beyond this, according to IRNA, Iran would insist on managing traffic through the Strait of Hormuz, which Tehran has blockaded since the outbreak of the war, causing major disruptions to the global economy.

On Friday (June 12, 2026), Iran’s Mehr news agency, quoting a source close to the country’s negotiating team, said the deal would also see the release of $24 billion in frozen Iranian assets.

But those details clashed with a summary offered by a senior White House official, who told AFP Iran had agreed to dismantle its nuclear programme, destroy its enriched uranium stockpile and reopen the strait — and that Tehran would not see any of its frozen funds returned until it had honoured these commitments.

U.S. Vice President J.D. Vance likewise said Iran was “not receiving any cash, and no funds are being released for simply signing a deal or attending a meeting”.

But, he added, if “Iran meets its obligations, then economic benefits will flow to them and to the entire region”.

Published – June 13, 2026 01:05 pm IST



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Pakistan PM Shehbaz says final text of U.S.-Iran peace deal agreed upon https://artifex.news/article71096649-ece/ Sat, 13 Jun 2026 05:36:00 +0000 https://artifex.news/article71096649-ece/ Read More “Pakistan PM Shehbaz says final text of U.S.-Iran peace deal agreed upon” »

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Pakistan’s Prime Minister Shehbaz Sharif. File
| Photo Credit: Reuters

Pakistan Prime Minister Shehbaz Sharif has said that the U.S. and Iran have agreed on the text of a peace deal, kindling hope of a diplomatic breakthrough in the region.

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“Amid ongoing intense mediation efforts by Pakistan, we are fully aware of incessant misinformation campaign being waged by those who want to sabotage the peace deal,” Mr. Shehbaz said in a social media post on Friday (June 13, 2026).

“Setting aside the noise, we can confirm that a final, agreed upon text of the peace deal has been reached and Pakistan is now working closely with both sides to finalise the next steps,” he said.

The Prime Minister added that “peace has never been this close as it is now.” Mr. Shehbaz also tagged US President Donald Trump, Vice President J.D. Vance, Secretary Marco Rubio, as well as Iranian President Masoud Pezeshkian and Foreign Minister Abbas Araghchi in the post that came after a barrage of reporting on the possible deal.

There was no immediate reaction from the White House or Iranian authorities on Mr. Shehbaz’s assertion.

Earlier, Iranian Foreign Minister Araghchi had suggested progress in the negotiations, saying the “Islamabad Memorandum of Understanding has never been closer”.

“Pending its finalisation, the media should refrain from entering speculation about its content. In line with our responsible and transparent approach, all details will be shared with the public in due course,” he said in a social media post, without providing any details.

President Trump also shared Mr. Araghchi’s post on his own social media, but without giving any details about the emerging deal.

Meanwhile, Mr. Vance said there is “a lot of fake information” circulating about a potential deal to reopen the Strait of Hormuz and end Iran’s nuclear weapons programme.

“The Iranians are not receiving any cash, and no funds are being released for simply signing a deal or attending a meeting,” Mr. Vance said in a social media post.

He said the proposed arrangement was structured to address the concerns of the U.S. and its allies and that economic benefits would accrue to Iran only if it fulfilled its obligations.

“This deal has the potential to remake the region and lead to lasting peace,” Mr. Vance said, while cautioning against reliance on unconfirmed media reports and anonymous social media claims.

“The President is going to get us a good outcome, one way or the other,” he said.



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Watch: INDIA bloc’s latest huddle: What emerged behind closed doors? | Above the Fold | 08.06.2026 https://artifex.news/article71077832-ece/ Mon, 08 Jun 2026 15:41:00 +0000 https://artifex.news/article71077832-ece/

From the INDIA bloc’s latest strategy meeting and growing alliance tensions to the escalating U.S.-Iran conflict, a major arrest in West Bengal and Xi Jinping’s North Korea visit — The top stories of the day.



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Investing in gold and silver https://artifex.news/article71072226-ece/ Sun, 07 Jun 2026 02:54:00 +0000 https://artifex.news/article71072226-ece/ Read More “Investing in gold and silver” »

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| Photo Credit: Reuters

You would have observed how gold and silver prices have moved in recent times. It is also highly likely you gained from the price movements over the last year. With gold prices near record highs and silver prices very volatile, many appear undecided on the next course of action on the two metals. Should you buy now or wait for a dip? If so, should you buy physical or financial asset? Here, we discuss why market timing on gold and silver exchange traded funds (ETFs) is optimal.

Market timing?

The important decision you should make is whether to buy the physical asset or its financial equivalent viz. ETFs. It is optimal to invest in ETFs for two reasons. One, it is operationally efficient to buy and sell ETFs. And two, gold and silver ETFs closely track the spot price of the underlying metal. True, these ETFs trade at a premium to spot price but you may be able to capture a similar premium when you sell the ETF. Selling price of 24-carat physical gold is typically lower than its spot price.

The question of whether you should buy ETF units now or wait for a dip depends on how you invest in gold and silver and manage the positions. Typically, gold and silver form part of satellite portfolio within the core-satellite framework. In this framework, the core portfolio is goal-based and the satellite is trading portfolio, geared to capturing short-term price fluctuations in the market. That means you must be comfortable with market timing. To do this, you must be good at reading price charts — applying technical analysis. Otherwise, you could buy such research from investment professionals. Another choice would be to set up short-term systematic investment plans (SIPs) and take profit whenever the investment generates predefined absolute gains. This choice, however, removes market timing out of the decision process.

Conclusion

The geopolitical tensions around the world have made both gold and silver important assets to have in one’s investment portfolio. But you must be mindful of the difference between the two assets. Gold is typically considered as safe haven during global crisis (referred to as flight to quality). Also, central banks across the world invest in gold to build reserves. Silver is primarily an input in manufacturing processes. So, their returns and price volatility may not always be similar.

(The author offers training programmes for individuals to manage their personal investments)



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