West Asia

West Asia war digest, March 12: Stories tracking the economic fallout

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

Updated On: 12 Mar 2026 | 11:56 AM IST

LPG crisis: How West Asia war is shrinking India’s menus | Iran-US war | Cooking gas

The conflict in West Asia is no longer just a distant geopolitical crisis. Across India, restaurants and hotels are running out of cooking gas, menus are shrinking, and some eateries are shutting down

Updated On: 12 Mar 2026 | 11:10 AM IST
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Why M&M, Maruti Suzuki, TVS Motor & other auto stocks falling today?

Among others, Bharat Forge, TVS Motor, and Tata Motors Passenger Vehicles slipped over 3 per cent

Updated On: 12 Mar 2026 | 9:59 AM IST

West Asia war updates: Brent above $100; US releases oil from reserves

Oil prices surged above $100 a barrel after tanker attacks near the Strait of Hormuz raised supply concerns; here are the top updates at 9 am (IST)

Updated On: 12 Mar 2026 | 9:32 AM IST

Explained: Why India faces LPG shortage amid ongoing West Asia war

India relies heavily on LPG imports from West Asia routed through the Strait of Hormuz. The ongoing conflict has forced the Centre to divert domestic output to protect households

Updated On: 12 Mar 2026 | 9:13 AM IST

As gas supply worries grow, households push to buy induction cooktops

Retailers and e-commerce platforms report a surge in induction cooktop demand as households look for alternatives amid concerns over possible disruptions in PNG and LPG supply

Updated On: 12 Mar 2026 | 8:58 AM IST

West Asia crisis threatens Saudi Arabia's $38 billion video game push

Recent attacks on Saudi Arabia by Iran are impacting business leaders' faith in the country's goal to grow into a cultural centre for video games, sports and entertainment

Updated On: 12 Mar 2026 | 8:58 AM IST

Air India, Air India Express to operate 58 flights to West Asia today

The two carriers will also operate their respective scheduled services to and from Jeddah and Muscat with a total of 10 flights to and from Jeddah, and 08 scheduled flights to and from Muscat

Updated On: 12 Mar 2026 | 7:04 AM IST

Gas supply jitters begin rattling industry pockets across key sectors

LPG and natural gas shortages are beginning to disrupt parts of Indian industry, though most sectors say production remains largely stable for now

Updated On: 12 Mar 2026 | 12:19 AM IST

Don't panic, fuel cargoes on the way, says govt as supplies tighten

India will soon receive two cargoes each of crude oil and LNG via routes bypassing the Strait of Hormuz as refiners boost LPG production to ease supply pressures

Updated On: 12 Mar 2026 | 12:04 AM IST

West Asia crisis forces leaner menus at India's peak wedding season

LPG shortages linked to the West Asia conflict are forcing caterers to trim menus and guest lists as India heads into the peak April-May wedding season

Updated On: 12 Mar 2026 | 12:02 AM IST

Long days, longer nights: Seafarers trapped in West Asia navigate a war

Shared meals, regular work schedules, communication with families seeing them through uncertainty

Updated On: 11 Mar 2026 | 11:47 PM IST

Manufacturing-led capacity additions likely to touch Rs 3.6 trn in FY26

India's capacity additions are expected to touch nearly Rs 3.6 trillion in March FY26, led by manufacturing projects, though geopolitical tensions in West Asia could cloud future private investments

Updated On: 12 Mar 2026 | 8:03 AM IST

Opposition CMs urge PM to ensure cooking gas supply isn't disrupted

Prime Minister Narendra Modi criticised Congress over the West Asia crisis as chief ministers urged the Centre to ensure LPG supply and evacuate Indians

Updated On: 11 Mar 2026 | 11:28 PM IST

Iran war: Fiscal pressures on govt may mount next FY, say experts

A prolonged West Asia conflict could strain India's fiscal position through higher fertiliser subsidies, rising import costs and weaker revenue growth

Updated On: 11 Mar 2026 | 11:20 PM IST

EAM Jaishankar speaks to Sergey Lavrov after US' Russian oil waiver

External Affairs Minister S Jaishankar held talks with Russia's Sergey Lavrov and EU foreign policy chief Kaja Kallas as the West Asia conflict disrupts energy supplies

Updated On: 11 Mar 2026 | 11:06 PM IST

LPG shortage forces Infosys to limit catering services on campuses

Food courts at Infosys campuses in Pune, Bengaluru and Chennai will operate with limited menus as LPG supply curbs linked to the West Asia crisis disrupt catering operations

Updated On: 11 Mar 2026 | 10:51 PM IST

Iran warns oil could hit $200 a barrel amid threat of continuous strikes

"We won't allow even one litre of oil to reach the US, Zionists (Israel) and their partners. Any vessel or tanker bound to them will be a legitimate target," Ebrahim Zolfaqari said

Updated On: 11 Mar 2026 | 10:13 PM IST

IEA to release record 400 million barrels of oil from stockpiles

The IEA, which co-ordinates stockpile releases for OECD countries, has said its 32 members hold more than 1.2 billion barrels in public emergency stockpiles

Updated On: 11 Mar 2026 | 9:50 PM IST

India's Russian oil buy surges 50% amid scramble to replace lost barrels

India's purchase of Russian crude oil has surged 50 per cent in March as New Delhi tapped alternate sources to make up for the shortfall arising from disruption in the Middle East amid a widening military conflict. India bought about 1.5 million barrels of Russian oil this month, up from 1.04 million bpd in February, ship tracking data showed. India, the world's third-largest crude importer, sources 88 per cent of its oil needs from abroad. It consumes 5.8 million barrels per day, of which 2.5-2.7 million barrels came from Middle East countries like Saudi Arabia, Iraq, and the UAE via the Strait of Hormuz. The chokepoint also carried 55 per cent of India's cooking gas (LPG) and 30 per cent of liquefied natural gas (LNG), used for power, fertilizers, CNG, and household cooking. The ongoing conflict has largely halted shipments through the strait, forcing India to seek alternative crude sources from Russia. "India was expected to import around 2.6 million barrels per day of crude vi

Updated On: 11 Mar 2026 | 9:34 PM IST