West Asia

Urges trade and energy diversification as US tariffs and West Asian conflict escalate crude import pressures

A global diesel supply squeeze has pushed up prices as Gulf and Russian supplies face disruptions; in India, industrial buyers are turning to petrol pumps, putting pressure on retail outlets

"So far we have navigated that uncertainty. In fact, I would say we have insulated ourselves from the turbulence," Puri said while speaking about the country's energy security

Russia supplied 1.74 million barrels per day of crude to India in September through September 27, as constrained West Asian supplies limited alternatives for refiners

Gold and silver are expected to face another choppy spell, with US data, West Asia tensions and their impact on crude prices set to test bullion sentiment during a holiday-shortened week, analysts said. Market participants will shift their focus to the US data calendar, with consumer confidence, GDP and PCE inflation readings, alongside Eurozone inflation. Additionally, manufacturing PMIs, speeches from Federal Reserve officials and the US non-farm payrolls report will provide further cues for bullion sentiment, they added. Geopolitical uncertainty will continue to play a role, particularly the US-Iran standoff, after US President Donald Trump said that he rejected Tehran's proposal to reopen the Strait of Hormuz within a week and resume nuclear talks in exchange for lifting the naval blockade. Commodity markets would remain closed on Friday for Mahatma Gandhi Jayanti. "The broader outlook remains cautious with volatility likely to stay elevated as the market will closely focus on

The crude for delivery in October and November will be sent via the Strait of Hormuz

Oil Minister Hardeep Singh Puri said India has navigated the crisis so far, but closure of key chokepoints could create supply challenges if the conflict escalates

The Chinese ecommerce leader will set up its first cloud regions in Turkey, Finland and the Netherlands over the next 12 months

At least 11 US embassies cautioned about possible travel disruptions

In this episode of Macro Matters, Ankur Bhardwaj speaks with A K Bhattacharya, Archis Mohan and Sanjeeb Mukherjee on UPI charges, Tata’s succession question, an expanded BRICS and how the West Asia.

Prime Minister Narendra Modi on Friday received a telephone call from UAE President Sheikh Mohamed bin Zayed Al Nahyan, and the two leaders exchanged views on West Asia

Six Indian-flagged vessels and eight foreign-flagged vessels of Indian interest are currently in the Persian Gulf, carrying a total of 153 Indian seafarers

Gold rebounds after three days of losses as lower oil prices ease inflation concerns and Treasury yields retreat

At the 18th Brics Summit, the New Delhi Declaration has criticised tariffs, sanctions and carbon trade measures linked to Western countries without naming them

The unanimous statement voices concern over West Asia, Gaza, Sudan and Syria, condemns the Pahalgam terror attack and flags rising military spending and nuclear risks

The West Asia war is driving up polyester, cotton, energy and freight costs, squeezing apparel manufacturers and potentially pushing clothing prices higher

Average crude oil prices will stay significantly higher than the previous forecast, as the recent turn of events would shrink global inventories.

Today's opinions examine rising oil risks, the balance between pharmaceutical innovation and affordability, Karnataka's uneven growth, women-focused welfare and misinformation

India must again prepare for higher oil prices

The latest escalation comes as the US and Iran exchange strikes, with Washington targeting Iranian oil tankers and Tehran retaliating against US forces stationed in Jordan