Israel Iran Conflict

LPG production up 30%, fuel supply stable, says govt amid West Asia crisis

The government said India has enough petrol, diesel and crude stocks despite the West Asia conflict; LPG output has risen 30 per cent and people are urged not to panic buy fuel

Economic Stabilisation Fund to help India tackle global headwinds: FM

Finance Minister Nirmala Sitharaman said the proposed Economic Stabilisation Fund will create fiscal headroom for India to respond to global shocks such as supply chain disruptions and energy crises

EAM Jaishankar holds 4th call with Iranian FM amid Strait of Hormuz crisis

External Affairs Minister S Jaishankar spoke to his Iranian counterpart Seyed Abbas Araghchi -- their fourth such conversation since the West Asia crisis began -- as New Delhi intensifies efforts to secure safe passage to 28 merchant vessels currently stationed on either side of the Strait of Hormuz. The two foreign ministers held the phone conversation on Thursday night. Jaishankar and Araghchi had spoken on February 28, soon after the US and Israel launched the attack on Iran that killed Ayatollah Ali Khamenei. They also spoke on March 5 and March 10. "Had another conversation with Iranian FM @araghchi yesterday night. Discussed bilateral matters as also BRICS related issues," the external affairs minister said on social media. The latest phone conversation came as India ramped up efforts to secure safe passage to the Indian-flagged merchant vessels through the strategic shipping route of Strait of Hormuz that has been partially blocked by Tehran following escalation in its ...

US announces 30-day waiver for countries to buy Russian oil stranded at sea

India was also granted a similar 30-day waiver on March 5 for purchase of Russian oil

How the Iran war's oil shock is giving Russia a $150 million daily boost

As the Iran war disrupts Gulf oil exports, higher prices and rising demand from India and China are delivering Russia an estimated $150 million a day in additional revenues

Govt to delay signing US trade deal amid fresh tariff, energy concerns

Complicating matters is a new US investigation into what it calls "structural excess capacity and production in manufacturing sectors" in 16 trading partners, including India

US military refuelling plane crashes in Iraq: What we know so far

The US military says a KC-135 refuelling aircraft supporting operations against Iran crashed in western Iraq and rescue operations are underway. The US Central Command, which oversees the Middle East, said the crash followed an unspecified incident involving two aircraft in "friendly airspace," and that the other plane landed safely. Here's what is known so far about the tanker, which is the fourth publicly acknowledged US aircraft to crash during the war against Iran: The KC-135 is a long-serving tanker plane =========================== The KC-135 Stratotanker is a US Air Force aircraft used to refuel other planes in midair, allowing them to travel longer distances and maintain operations longer without landing. The plane is also used to transport wounded personnel during medical evacuations or conduct surveillance missions, according to military experts. Based on the same design as the Boeing 707 passenger plane, the tanker has been in service for more than 60 years, supporting

Restrictions imposed in Kashmir as protests erupt in Shia dominated areas

Protests broke out on Friday in some Shia-dominated areas of Kashmir, including Magam and Budgam, against the US-Israel strikes on Iran, officials said. Apprehending the protests on the last Friday of Ramzan, restrictions were imposed this morning in Srinagar and other parts of the valley, especially the Shia-dominated areas. The restrictions on the assembly of people were imposed in the morning as a precautionary measure to maintain law and order in view of the likelihood of protests, the officials said. The protesters shouted slogans against the US and Israel aggression in Iran, and in support of Palestine, they said. However, the officials added that the protests remained peaceful so far. They situation is being monitored closely, they said. Juma-tul-Vida (last Friday of Ramzan) is also being observed as Youm-ul-Quds to express solidarity with Palestine and there are apprehensions of anti-Israel protests after the congregational prayers, they said. The authorities also shut t

Iran war spurs work-from-home calls, fuel-saving measures in Southeast Asia

With inflation also accelerating in parts of Southeast Asia, policymakers are acting to rein in consumption as the price surge threatens additional strain

Saudi Arabia intercepts 50 drones, Israel launches fresh strikes on Tehran

Several locations in Saudi Arabia, including the United States Embassy in Riyadh, key oil infrastructure facilities, and a military base hosting American troops, have faced threats

Two killed by drone debris in Oman; Sirens heard at Turkiye's Air Base

Drone crashed in the al-Awahi industrial area, resulting in the deaths of two foreign workers and injuries to several others

India key to ensuring stable oil prices: US Ambassador on Hormuz tensions

Gor affirmed US President Donald Trump's commitment to stop Iran, outlining the threats of a nuclear Iran and condemning Tehran's attacks across the Gulf

LNG crisis bigger risk than oil; earnings may fall over 4%: Shriram AMC

Analysts at Shriram AMC warn that LNG supply disruption due to the Iran war may hurt India Inc earnings more than crude oil shortages

Iran crisis threatens 55-65% of India's LNG imports via Hormuz: Explained

55-65% of India's LNG imports transit the Strait of Hormuz, with Qatar alone accounting for 40% of India's LNG imports.

Pak PM pledges 'solidarity, support' to Saudi Arabia amid ongoing Iran war

Pak PM's solidarity pledge came during his Saudi visit, part of Islamabad's efforts to engage Tehran and Jeedah and de-escalate regional tensions

Voltas, Blue Star, LG: Will the LPG crisis weigh on air conditioner stocks?

Analysts are positive on AC stocks amid strong summer demand outlook, though they caution that LPG/PNG shortages and rising input costs could impact production in near-term

Amid strategic challenges, project delays hurt efforts to strengthen Navy

Despite a surge in budgetary allocation over the last five years, Indian Navy struggles to upgrade fleet strength

US waiver frees up 19 million barrels of Russia oil for purchase

The crude is being carried on 25 vessels, with grades such as Sokol on ships near China. There's also a number of tankers in the Arabian Sea that are mainly loaded with the medium-sour Urals blend

'Alive in some form but damaged': Trump on Iran leader Mojtaba Khamenei

Trump's remarks came after reports claimed that Khamenei was injured in US-Israeli strikes that killed his father, Ayatollah Ali Khamenei, during an attack on a compound in Tehran on February 28

Donald Trump issues fresh threat to Iran, says 'watch what happens today'

In a post on Truth Social, Trump warned Iran of consequences, saying Washington had unmatched firepower and unlimited ammunition to destroy the 'terrorist regime' in Tehran