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Iran fires on 3 ships in the Strait of Hormuz as US maintains blockade and diplomacy stalls

DUBAI, United Arab Emirates, April 22, 2026 (AP) — Iran fired on three ships in the Strait of Hormuz and seized two of them on Wednesday, intensifying its assault on shipping in the key waterway a day after U.S. President Donald Trump extended a ceasefire while maintaining an American blockade of Iranian ports. Iranian media said the paramilitary Revolutionary Guard was bringing the two ships to Iran after seizing them in the strait, through which 20% of the world’s oil passes in peacetime. The standoff over Iran’s closure of the strait and the U.S. blockade raised doubts about when or

EC issues ‘stern notice’ to Cong chief Kharge for calling PM Modi ‘terrorist’

New Delhi, Apr 22 (PTI) The Election Commission on Wednesday took “serious note” of Congress president Mallikarjun Kharge calling Prime Minister Narendra Modi a “terrorist” and issued him with a “stern notice”, officials said. He has been asked to explain his stand within 24 hours, they said. The notice comes a day before polling in Tamil Nadu and West Bengal. Kharge on Tuesday accused Prime Minister Modi of “terrorising” political parties by misusing government machinery and central agencies to stifle the opposition, triggering strong reactions from the BJP, which attacked the opposition leader for calling Modi a “terrorist”. Addressing a

Silver, gold fall as US-Iran talks uncertainty weighs on bullion

New Delhi, Apr 22 (PTI) Gold prices fell by Rs 300 to Rs 1.57 lakh per 10 grams while silver plunged by Rs 2,700 to Rs 2.55 lakh per kg in the national capital on Wednesday amid uncertainty over US-Iran peace negotiations. According to the All India Sarafa Association, gold of 99.9 per cent purity slipped Rs 300 to Rs 1,57,000 per 10 grams (inclusive of all taxes). “Gold declined on Wednesday after plans for a second round of US-Iran peace negotiations collapsed, despite President Donald Trump extending the ceasefire,” Saumil Gandhi, Senior Analyst – Commodities at HDFC Securities, said.

Rupee nears 94/USD level; settles 39 paise lower

Mumbai, Apr 22 (PTI) The rupee weakened for the third straight session, losing 39 paise to settle at 93.83 (provisional) against the US dollar on Wednesday as uncertainty on US-Iran peace talks eroded hopes of easing West Asia conflict and set crude oil prices on fire. Intense selling in domestic equity markets and sustained outflow of foreign capital also weighed on the Indian currency, forex traders said. At the interbank foreign exchange market, the rupee opened at 93.69 and touched an intraday low of 93.87 against the greenback during the session, nearing the 94 level it reached for the first

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