US stocks rebound on Fed reassurance

Speaking at a Women's History Month event at the White House, the US president said he had been fully briefed on the situation and described the incident as "terrible."

"Had a conversation with Iranian President, Dr. Masoud Pezeshkian, to discuss the serious situation in the region. Expressed deep concern over the escalation of tensions and the loss of civilian lives as well as damage to civilian infrastructure," PM Modi posted on X.

He highlighted India's role as a "first responder" for the Maldives, emphasising that India's support during critical periods has been fundamental to the stability and security of the island nation.

In a post by the White House, President Trump, while acknowledging that the United States is currently the world's leading oil producer and stands to benefit financially from higher crude prices, emphasised that his administration's overriding mission remains the permanent dismantling of Iran's nuclear program.

India on Thursday highlighted a high-level diplomatic push to protect Indian interests, emphasising the twin priorities of citizen safety and the stability of energy supply chains.

In his first address to the Iranian people. Ayatollah Mojtaba Khamenei called for the continued blockade of the Strait of Hormuz, a move that will raise tensions.

"The countries of the region must clarify their stance regarding the aggressors against our dear homeland and the killers of our people. I recommend that they shut down those bases as soon as possible; for they must surely have realized by now that America's claim of establishing security and peace has been nothing but a lie," he said.

Mojtaba further said that they must resist their enemies- the US and Israel.

"There have been maritime incidents involving Indian crew on foreign-flagged vessels. Of these vessels, there were 78 Indian seafarers. Of these, 70 are unhurt and escaped. Four sustained injuries over the last few days, but are stable. Unfortunately, there have been three casualties, and one seafarer is missing," he said.

Sibal argued that the US is unlikely to risk a naval operation to forcibly "reopen" the Strait of Hormuz as the deep-water channel necessary for large vessels lies within Iranian territorial waters. Iran does not need sophisticated long-range missiles to defend this corridor; short-range missiles, torpedoes, and mines can easily sink high-value naval assets.