War Conflict

Government prioritises LPG and LNG supply for domestic use as West Asia conflict disrupts shipments; India also secures alternative supplies that bypass the Strait of Hormuz

As many as 13 flights from Middle East countries to Hyderabad were cancelled on Tuesday following the ongoing conflict there, airport sources said. The sources further said 12 flights scheduled for leave to various countries in the Middle East were also cancelled. "Thirteen flights from the Middle East to Hyderabad were cancelled today. Similarly, 12 flights that should have left for the Middle East were also cancelled," sources told PTI. Social media is flooded with confused travellers seeking updates on the status of their flights. "I have a flight from Hyderabad to Kuwait and Kuwait to New York. Booking reference: AI6CP4. Can you please confirm if the flights will be running-on 13th March. In the app it's still showing confirmed," Rohit Chalumuri, a travellor posted on 'X'. Over 360 flights at Hyderabad Airport have been cancelled from February 28 till March 10, sources added.

Brent crude briefly surged to $120 a barrel amid supply disruptions in West Asia. Analysts warn that the Iran war could reshape oil price trajectories and pose fresh risks to India's energy security

Peskov was speaking a day after Putin spoke by phone to US President Donald Trump and, according to the Kremlin, shared proposals aimed at ending the war in Iran quickly

India, which meets nearly two-thirds of its edible oil demand through imports, also buys palm oil from Indonesia, Malaysia and Thailand, with shipments typically reaching its ports in about a week

Economists expect a CAD of about 1 per cent of the country's gross domestic product (GDP) this financial year. This could increase to about 1.5 per cent in 2026-27

Finance Minister Nirmala Sitharaman, in a written statement, said that the medium-term impact of global crude oil price rise on inflation would depend upon several factors

The unusually sharp repricing came as major oil producers cut supply and fears grew of prolonged shipping disruptions, pushing crude above $119 a barrel its highest level since mid-2022

Exporters stare at either a diversion in routes, or a U-turn to India

Air India will add 78 flights to Europe, North America and South Asia as the Israel-Iran conflict restricts West Asia airspace and forces airlines to reroute or cancel services

Wars, as the historian Correlli Barnett once argued, are the ultimate audit. They reveal the strengths and weaknesses of states, economies, and institutions

The Strait of Hormuz is currently closed to shipping, choking off 20 per cent of global oil and gas supply

On February 28, the United States and Israel launched a large-scale and unprovoked air and missile attack against Iran, killing Ayatollah Khamenei, Iran's supreme leader

IG Defence unveils 'Project KAL', an indigenous long-range strike drone capable of carrying explosive payloads up to 1,000 km, aimed at boosting India's unmanned warfare capabilities

Wright also said Americans should see lower gas prices in weeks, not months

Azerbaijan reacted angrily on Thursday to what it said was an incursion by Iranian drones into its Nakhchivan exclave, with President Aliyev threatening retaliation

While the Middle East conflict has hit sentiment, analysts say strong diesel cracks, petchem margins, and rising contributions from telecom, retail and new businesses could soften the blow for RIL

A torpedo from a US Navy submarine sank the Iranian frigate IRIS Dena off Sri Lanka's coast on Wednesday

US-made Patriot air-defense missiles have been largely successful in stopping the Iranian Shaheds and other ballistic missiles, with interception rates over 90%, according to the UAE

It was unclear where the missile was headed, but a NATO spokesperson said the trans-Atlantic defence bloc condemned Iran's targeting of Turkey and that it stood firmly with all allies