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MRPL shuts refinery units amid crude shortage from West Asia conflict

Asian refiners are struggling to secure prompt replacement crude cargoes as Iranian threats to shipping through the Strait of Hormuz have disrupted crude oil flows

GAIL weighs supply cuts to gas customers after Petronet LNG force majeure

Fallout from the US-Israeli attacks on Iran and a widening war has brought the transit of oil and LNG through the Strait of Hormuz to a near halt after some vessels in the area were hit

IndusInd Bank treasury head Siddharth Banerjee to step down in April

Banerjee, who has been the head of the global markets group at IndusInd Bank since 2020, has informed the management about his decision

Global firms, investors in share sale rush as West Asia conflict erupts

Some firms and their shareholders have tapped equity investors before markets potentially sour further and hamper the ability to raise capital

India's retail auto sales rise 25% in Feb on tax-cut boost, seasonal demand

Two-wheeler sales jumped 25 per cent from a year ago in February, while passenger vehicle sales climbed 26.1 per cent, the Federation of Automobile Dealers Associations ‌said

South Korean chip industry worried Iran crisis to disrupt material supply

South Korea's chipmakers warn Iran crisis could disrupt helium supplies and threaten AI data centre expansion in the Middle East

Oil prices rise as West Asia crisis chokes off vital oil, gas supply

Brent crude was trading up $1.67, or 2.05%, at $83.07 per barrel by 0141 ‌GMT. US West Texas Intermediate crude rose $1.94, or 2.60%, to $76.60

Asian shares surge, led by KOSPI; treasuries fall as war concerns ease

South Korea's ​KOSPI gauge recovered its steep losses in the prior session following a rally ​on Wall Street on hopes the United States and Iran will seek an off-ramp from hostilities

US, European equities rise as oil eases, investors eye West Asia war

The dollar fell and US ​Treasury yields rose for a third straight day, even as the US-Iran war expanded after a US submarine sank ​an Iranian warship off Sri Lanka

Iran intelligence signalled openness to talks with CIA to end war: Report

Iran's ambassador to the United Nations in Geneva on Tuesday ruled out for now any negotiations with the United States, days after the US and Israel launched joint strikes on his country

Qatar declares force majeure on gas exports; restart may take weeks: Report

Qatar supplies Europe and predominantly Asian markets, with over 80 per cent of its customers in China, Japan, India, South Korea, Pakistan and other countries in the region

Nato air defences intercept Iran missile over Turkish territory

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

Maersk suspends cargo bookings for UAE, Oman, Saudi Arabia amid war

The Jeddah and King Abdullah ports in Saudi Arabia and the Salalah port in Oman remained operational while the shipping group also still accepting cargo to and from Jordan and Lebanon

Indian gas firms restrict local supplies due to West Asia conflict

The US and Israel's air war on Iran has disrupted fuel shipments in the region, affecting India's key supplier of liquefied natural gas, Qatar

Hormuz shutdown worsens after US hits Iran warship, tankers stranded

Hundreds of other vessels remained outside Hormuz unable to reach ports, shipping data showed. The waterway is a key artery for around a fifth of the world's oil and LNG supply

China to send envoy to West Asia for mediation: Foreign ‌Minister Wang Yi

Wang Yi tells Saudi and UAE counterparts China will send special envoy as conflict escalates; urges protection of civilians, energy assets and shipping lanes

Iran firing fewer missiles, its military capabilities 'diminishing': US

Pentagon says Iran's missile fire has declined as US widens inland strikes; confirms submarine torpedo sank Iranian warship off Sri Lanka

US killed Iranian official in alleged Trump assassination plot: Pentagon

Hegseth did not name the individual but said the operation took place on Tuesday

Oil prices fall after report of possible US-Iran talks amid Gulf turmoil

Brent crude was down 50 cents, or 0.6 per cent, to $80.90per barrel by 1318 GMT, after hitting a high of $84.48 earlier in the session

Russia offers to divert oil to India as Hormuz crisis hits supplies

India is vulnerable to supply ‌shocks, with crude stocks covering only about 25 days of demand, while refiners hold similarly limited inventories of gasoil, gasoline and liquefied petroleum gas