Israel Iran Conflict

Attacks on on Gulf Arab neighbours will continue, says Mojtaba Khamenei

Under the Income-tax Act, residential status is primarily determined by the number of days an individual spends in India during a financial year

Up to 2 million barrels per day of Gulf refining capacity faces disruption as the Strait of Hormuz remains closed amid US-Iran tensions, threatening global oil supply, says Rystad Energy

Negotiations are still ongoing and are being handled by the ministry of foreign affairs, said the people, who asked not to be named as the conversations are sensitive

With LPG supply concerns rising amid the West Asia crisis, households are buying induction cooktops as a backup. But the appliances require specialised cookware to function properly

The statement came hours after reports emerged that Iran agreed to allow oil tankers flying the Indian flag to pass through the Strait following diplomatic discussions between New Delhi and Tehran

VOC Port Authority has made an arrangement of additional 90,000 square meter of space for shipping lines to keep their containers in the wake of the ongoing West Asia crisis, its Chairman Susanta Kumar Purohit said on Thursday. The official made the remarks while replying to a question on the sidelines of PHDCCI conference on shipbuilding and ship recycling. "We have given additional land to our customers where they can keep their goods safely beyond the time limit," Purohit said, sharing preparations made to deal with the situation of container diversions. However, the land remains unutilised as of now as operations and business at the port have not been affected, he said. He said all major ports are in constant touch of the Ministry of Shipping, terminal operators and shipping lines. Speaking further, the Chairman said the government is taking efforts to develop India as a hub of shipbuilding and ship recycling. The move will help save resources and increase availability of raw

Iran's parliament speaker said Thursday that any invasion of Iran's islands will "make the Persian Gulf run with the blood of invaders." It wasn't immediately clear what prompted Mohammad Bagher Qalibaf's comments, which again escalated the rhetoric surrounding the ongoing Iran war. Iran holds three islands it took from the United Arab Emirates before its formation in 1971. There also has been speculation that the United States could target Kharg Island in the Persian Gulf, Iran's main oil terminal.

LPG supply disruption could slow Zomato and Swiggy order volumes as restaurants cut operations. Motilal Oswal expects a temporary impact on food delivery growth

After the Ottoman Empire collapsed in World War I, European powers redrew West Asia's map through secret deals and mandates, creating borders and tensions that still shape the region today

As the IEA prepares its biggest-ever oil reserve release in the wake of the Iran war, here's a look at the countries that produce crude and the role of blocs such as Opec and Brics

The most immediate impact would be on India's current account deficit. This concern has pushed the rupee to a record low and forced the central bank to sell dollars from its reserves

LPG shortage triggered by Strait of Hormuz disruption is forcing QSR kitchens to shut or cut menus. Analysts say earnings may take a hit in Q4FY26 but advise investors not to panic

Going ahead, analysts expect natural gas prices to stay elevated in the backdrop of developments in West Asia. In March alone, prices of natural gas have climbed 16 per cent to $3.277/MMBtu

LPG supplies are tightening across cities, with long delivery delays and limited stock; restaurants and households in several cities are facing shortages

Gig worker union flags sharp fall in food delivery orders as LPG shortages shut restaurants and cloud kitchens, seeks ₹10,000 relief for workers and an urgent meeting with government

In a post on X, state broadcaster Press TV shared a documentary showing Persian Gulf vessels at risk of IRGC targeting for minor movements, highlighting tensions in the Strait of Hormuz

From fuel supplies and gas shortages to markets, industry, diplomacy and seafarers, here's Business Standard's coverage tracking the impact of West Asia war in India

The halt applies to cargoes that had yet to clear customs as of March 11 and goes beyond last week's move by Beijing urging refiners not to agree to new exports