Reuters

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

Walmart-backed PhonePe targets up to $10.5 billion valuation in IPO

Walmart will trim its stake in PhonePe by about 12 per cent in the firm's initial public offering, while Tiger Global and Microsoft plan to exit their stakes, according to the firm's IPO filing

MRPL declares force majeure on gasoline exports cargoes amid Gulf crisis

The state-run refiner, which operates a 500,000-barrel-per-day refinery in the southern state of Karnataka, exports about 40 per cent of its refined fuel output

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

US strike on Iran 'ahead of game plan' but global markets rattled

As the war headed into the fifth day, global markets reacted to mounting concerns of a prolonged conflict in a region along a major corridor of oil and gas exports

Gold rises over 1% as US-Israel strikes on Iran boost safe-haven demand

Spot gold gained 1.6 per cent to $5,168.69 per ounce as ‌of 0249 GMT while US gold futures for April delivery added 1.1 per cent to $5,178.40

Asian stocks slump as markets brace for energy shock amid West Asia crisis

Shares in Seoul dived 4 per cent ​to take two-day losses beyond 11 per cent as fast-money and foreigners bailed out of a ‌market that had soared on memory chipmakers' vast AI-driven profits

Iran war enters fourth day amid 'smoke and blood' as conflict widens

Iranian drones struck the US embassy in Saudi Arabia after previously hitting the mission in Kuwait