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Rupee slumps 69 paise to all-time low of 92.18 against US dollar in early trade

Mumbai, Mar 4 (PTI) Rupee slumped 69 paise to an all-time low of 92.18 against the US dollar in early trade on Wednesday, as a sharp spike in crude oil prices amid geopolitical tensions following the escalation of the US–Iran conflict weighed on investor sentiment. Forex traders said the domestic currency is under severe pressure due to a sharp spike in crude oil prices, with Brent Crude crossing the USD 82 per barrel level in futures trade in the wake of the Iran crisis, which dented investor sentiments. At the interbank foreign exchange market, the rupee opened at 92.05, then

Pentagon identifies four of first US soldiers killed in Iran war

WASHINGTON, March 4 (Reuters) – The U.S. military on Tuesday identified four of the first American soldiers ‌killed in the war against Iran as the Trump administration warned the intensifying conflict would lead to more American casualties. Among six U.S. military deaths so far, the four soldiers were members of an Iowa unit of the U.S. Army Reserve. ​They died on Sunday when a drone slammed into a U.S. military facility in Port ​Shuaiba, Kuwait, the U.S. military said on Tuesday. The Pentagon said four ranged in ⁠age from 20 to 42 and served in the 103rd Sustainment Command from

Tensions flare as US lawmakers question Iran war’s costs, risks and strategy

WASHINGTON, March 4, 2026 (AP) — Tensions flared as questions mounted at the U.S. Capitol on Tuesday over the Trump administration’s shifting rationale for war with Iran as lawmakers demand answers over the strategy, exit plan and costs to Americans in lives and dollars for what is quickly becoming a widening Middle East conflict. Trump officials made their case at the Capitol during a second day of closed-door briefings, this time with all members of the House and Senate ahead of a looming war powers resolution vote intended to restrict Trump’s ability to continue the joint U.S.-Israel campaign against Iran.

Israel steps up airstrikes in Tehran, as Iran widens its response across the region

DUBAI, United Arab Emirates, March 3, 2026 (AP) — Israel stepped up airstrikes against Iranian missile launchers and factories Tuesday, and Iran retaliated across the Gulf region, disrupting energy supplies and travel. As explosions rang out in Tehran and in Lebanon — where Israel said it struck Hezbollah militants — the American embassy in Saudi Arabia came under drone attack. Four days into a war that President Donald Trump suggested would last several weeks but perhaps longer, hundreds of people have been killed, the vast majority in Iran. Information coming out of Iran has been limited because of poor communications,

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