Israel Iran Conflict

US won't strike Iranian power plants for the next five days: Trump

Citing progress in talks with Iran, US President Donald Trump said he has directed a five-day halt to planned military strikes on Iranian energy infrastructure

Taking steps to address West Asia conflict's impact on flight ops: Govt

The financial implications of the West Asia conflict on the flight operations are evolving and appropriate measures are being taken in consultation with airlines and other stakeholders, the civil aviation ministry said on Monday. The escalating conflict involving the US, Israel, and Iran that started on February 28 has significantly hit operations of airlines in and through the West Asia region. Minister of State for Civil Aviation Murlidhar Mohol told the Rajya Sabha that the situation arising from the closure of the West Asian air corridor and its impact on flight operations was being closely monitored by the ministry. "The associated financial implications are evolving and appropriate measures are being taken as required by the ministry in consultation with airlines and other stakeholders," he said in a written reply. According to him, the ministry is in constant coordination with airlines and closely monitoring airfares to ensure that ticket prices remain reasonable and that th

Strait of Hormuz open to friendly nations: Iran's envoy to Sri Lanka

The Strait of Hormuz remains open to friendly countries, the Iranian envoy to Sri Lanka said on Monday, stressing that Tehran is ready to supply oil or other essential goods to the island nation if the need arises. The conflict in West Asia, involving the US, Israel, and Iran, has led to the blockade of the Strait of Hormuz, a key shipping route through which 20 per cent of the world's energy is transported. Iran, which controls the Strait of Hormuz, has allowed very few ships to cross it since the conflict started on February 28. Addressing a press conference here, Iran's Ambassador to Sri Lanka Alireza Delkhosh said that the key strait remains open to friendly country vessels to pass. "Sri Lanka is our friendly country and as I told you, Hormuz is not closed to our friends like Sri Lanka," he said. "If Sri Lanka demands oil or any other necessary goods, Iran will supply," he added. The conflict, which has roiled global oil markets, entered its fourth week, coinciding with which

Iran threatens to strike Gulf power plants after Trump's ultimatum

Iranian attacks have effectively closed the Strait of Hormuz, which carries a fifth of global oil and liquefied natural gas

Iran war upends markets: Why gold, bonds and stocks are moving differently

In the wake of the West Asian crisis, markets are defying typical patterns as equities fall, bond yields rise and gold weakens, signalling a shift in investor behaviour amid oil shocks and rate concer

Beyond fuel: How your daily life depends on oil flowing through Hormuz

Crude prices are rising amid the Iran-US-Israel war, but oil's role extends far beyond fuel, shaping plastics, fertilisers, electronics and everyday essentials across modern life

Iran war poses unprecedented challenges for India, PM Modi tells Lok Sabha

PM Modi flags risks to energy supply, trade routes and Indian diaspora as Iran war disrupts Strait of Hormuz, raising concerns over oil, LPG imports and global economic stability

LPG supply crisis: No respite for transporters, restaurants in West Bengal

Supply contraints of LPG cylinders showed no signs of abating in parts of West Bengal on Monday, with gas distributors, transporters and restaurants reporting disruption in operations amid the crunch. Bijan Biswas, vice-president of the Indane LPG Distributors' Association in Bengal, said the overall situation has not improved significantly. He, however, said panic booking of cylinders is not the primary issue now, with the servers largely functioning normally. "The queues of people are mainly for completing eKYC formalities rather than booking cylinders. Once a bill is generated, delivery is taking about five to seven days," Biswas said. He also claimed that the government has reduced the allocation of cylinders by 30 per cent from March, pushing the delivery cycle between two cylinders to a minimum of 25 days. Biswas said there have been discussions on supplying smaller LPG cylinders of 7 kg or 10 kg to help manage the crisis and ease supply pressure. "These low-volume cylinder

Nepal seeks fourfold increase in hydropower supplies to India amid Iran war

The Himalayan nation is looking to nearly double its contribution to India's grid to 1.1 gigawatts this summer, when high temperatures are expected to drive record demand

Crude oil rises ₹359 to ₹9,617 per barrel on Iran war, supply concerns

Crude oil prices rose sharply by Rs 359 to Rs 9,617 per barrel on Monday, marking their fourth straight session of gains in futures trade amid escalating geopolitical tensions in West Asia and supply concerns. On the Multi Commodity Exchange, crude oil for the April contract climbed Rs 359, or nearly 4 per cent, to Rs 9,617 per barrel. The May-delivery increased by Rs 436, or nearly 5 per cent, to hit a lifetime high of Rs 9,407 per barrel on the commodities bourse. Analysts said crude oil prices rallied in domestic and international markets as investors assessed the impact of rising tensions around the Strait of Hormuz, a key oil transit route. In the international market, West Texas Intermediate (WTI) crude for the May contract gained USD 3.27, or 3.33 per cent, to USD 101.50 per barrel, while Brent Crude for the same month delivery rose USD 2.89, or 2.72 per cent, to USD 109.30 per barrel in New York. According to analysts, market sentiment remained firm after US President Dona

Two Indian vessels carrying LPG are in transit through Strait of Hormuz

The two supertankers were signaling Indian ownership instead of a destination, but are likely to be heading to India, which has been facing acute shortages of LPG, used as cooking gas

Benchmark bond yield hits 14-month high as oil surge fuels concerns

Indian benchmark bond yield rose to a 14-month high on Monday, possibly due to surge in Brent crude oil prices amid escalating conflict in the Middle east. The 10-year government bond yield was trading at 6.8173 per cent around 11 am on Monday, as compared to Friday's close of 6.737 per cent. The yield is highest since January 14, 2025, according to the data compiled from market participants. "Bond yields are rising in response to crude oil prices climbing above USD 110 amid escalating tensions between the US-Israel and Iran. Foreign institutional investors who were net buyers of government bonds in January and February, have also turned net sellers in March," said Mataprasad Pandey, vice-president at Arete Capital (Choice Group). He added that higher crude prices are not only fuelling inflation concerns but also putting pressure on India's trade and current account balances, which is a big negative for the already depreciating rupee moving towards 94. "These factors not only dampe

Iran threatens to hit Gulf power plants as Israel launches new attacks

As US President Donald Trump's deadline on opening the Strait of Hormuz approaches, Iran on Monday threatened to attack West Asia electrical plants powering American military bases. The statement from Iran's paramilitary Revolutionary Guard marks the latest attempt by Tehran to try and explain its attacks on the Gulf Arab countries. Iranian state television read out the statement on air Monday morning. "What we have done is to announce our decision that if the power plants are attacked, Iran will retaliate by targeting the power plants of the occupying regime and the power plants of regional countries that supply electricity to US bases, as well as the economic, industrial and energy infrastructures in which Americans have shares," the statement said, referring to Israel as an "occupying regime." It added: "Do not doubt that we will do this." Trump warned early Sunday morning that the US will target Iranian power plants in 48 hours if the strait remains effectively closed by Irani

Disruptions from West Asia war threaten to derail India's growth momentum

Generations of Indian workers and businesses have turned the Arab side of the Gulf into a vital appendage of their own country

Explained: What are Iran's nuclear capabilities and where are its sites?

US and Israel have struck Iran's nuclear-linked sites, raising tensions. Here's a look at Iran's nuclear capabilities, uranium stockpile, and key facilities at the centre of the conflict

Trump's 48-hour Iran ultimatum raises risk of reckless escalation

The logic is obvious: Having started the war, Trump can now only win it by continuing until, at a minimum, Iran is unable to endanger tanker traffic through Hormuz

China's state refiners explore Iranian oil after US sanctions waiver

Limited relief opens door to new buyers amid global supply crunch

Iran campaign is 'ahead or on plan', says US central command leader

The top commander of the US military's Central Command said the campaign against Iran is "ahead or on plan," as the Israeli military began what it called "a wide-scale wave of strikes targeting Iranian terror regime infrastructure" early Monday. US Navy Adm. Brad Cooper gave his first one-on-one interview of the war to the Farsi-language satellite network Iran International, which aired it early Monday. Iranian media reported new airstrikes targeting Tehran without identifying the sites being hit. The previous day, Tehran warned it could attack US and Israeli energy and infrastructure assets if Israel or the US attempt to follow through on President Donald Trump 's threat that the US would "obliterate" Iran's power plants if it doesn't fully open the Strait of Hormuz. Trump - who is facing increasing pressure at home to secure the strait as oil prices soar - issued the ultimatum in a social media post while he spent the weekend at his Florida home. The death toll from the war has .

Buffett Indicator vs Nifty P/E: Analysts warn risk against mid, smallcaps

While the Buffett Indicator signals froth, Nifty P/E shows large caps are stable. The real risk, analysts said, lies in mid & small caps, where valuations remain stretched.

West Asia war risks pushing up prices, says Coca-Cola bottler SLMG

West Asia conflict drives input costs, pressures India's soft drink market