Israel Iran Conflict

West Asia crisis triggers severe LNG, LPG supply shock for Indian firms

LNG tenders fail, tankers stranded, storage at 30%; naphtha back in the mix

CBSE cancels Class X exams, postpones Class XII in West Asia region

Students are advised to stay in close contact with their schools and follow official announcements carefully

Rice exporters seek urgent relief as Iran crisis disrupts exports, shipping

International freight rates have risen by an estimated 15-20 per cent, while war-risk surcharges and insurance premiums for Gulf-bound shipments have increased significantly

More tankers hit in Gulf waters as US-Iran war spreads to oil routes

Iraq has cut its oil production by nearly 1.5 million barrels a day as it ran out of storage and was unable to load tankers, officials told Reuters

Sri Lanka lets 2nd Iranian ship dock at Trincomalee, evacuates 208 on board

Sri Lanka on Thursday allowed a second Iranian ship to dock at the eastern port of Trincomalee and evacuated all 208 personnel on board, President Anura Kumara Dissanayake said, a day after another Iranian frigate was sunk near the island nation. In a televised address, Dissanayake said the vessel, IRINS Bushehr, had sought permission to enter Sri Lankan waters, citing an engine failure. "We wanted to remain neutral while dealing with a humanitarian response," he said, adding that Sri Lanka's role was limited to responding to a request from one party involved in the conflict. "No one deserves to die. Every life is precious," the President said. He also criticised opposition parties for attempting to politicise the situation. "We won't succumb to pressure. We will maintain our neutrality," Dissanayake said. According to the President, the ship had 208 personnel on board, comprising 53 officers, 84 cadets, 48 senior sailors and 23 seamen, all of whom were evacuated after the ship w

Pentagon preparing for US war with Iran to last until September: Report

US military planners are said to be allocating resources for a conflict that could extend well beyond Donald Trump's earlier four-to-five week estimate, Politico reported

Indian gas firms may cut industrial supply if Qatar halt persists

QatarEnergy has halted production of liquefied natural gas (LNG) amid attacks on its facilities as tensions rise in West Asia

Markets snap 3-day losing streak, rebound over 1% despite West Asia crisis

Benchmark indices bounced back after three sessions of steep losses, but analysts caution the recovery may remain fragile as escalating Middle East tensions continue to cloud global sentiment

Trump says he must be 'personally involved' in picking Iran's next leader

Trump's remarks suggested a direct role for Washington in shaping Iran's leadership transition, even as senior US officials denied that the military campaign targeted a change of government in Tehran

Gold prices up on safe-haven rush, but dollar strength restrains rally

Spot gold was up 0.5 per cent at $5,166.3 per ounce as of 1800 ist, while US gold futures for April delivery were up 0.7 per cent at $5,168.20

RIL's telecom, retail and new biz could mitigate impact of West Asia crisis

While the Middle East conflict has hit sentiment, analysts say strong diesel cracks, petchem margins, and rising contributions from telecom, retail and new businesses could soften the blow for RIL

Markets react strongly to geopolitics but eventually move on: Jim Rogers

Oil prices, Rogers said, could definitely cross $100 a barrel again, especially if the geopolitical developments continue.

Coal India jumps 4% as Iran war lifts global coal prices; analysts upbeat

Coal India shares rose over 4% as global coal prices surged amid Iran war and LNG supply disruptions. Analysts say higher e-auction premiums could support earnings

Navy aids Sri Lanka's ongoing search for crew of Iran warship sunk by US

A torpedo from a US Navy submarine sank the Iranian frigate IRIS Dena off Sri Lanka's coast on Wednesday

ECB policymakers warn prolonged Iran war could lift inflation, hit growth

The ECB was stung by an energy-led rise in inflation following Russia's invasion of Ukraine in 2022, which it initially wrote off as temporary before hastily raising rates by a record amount

Sri Lanka deliberates appropriate action as 2nd Iranian ship awaits entry

Sri Lanka on Thursday said it is deliberating appropriate action after a second Iranian ship has sought entry to its territorial waters, a day after a frigate belonging to the Islamic country was attacked near the island nation. Sri Lanka on Wednesday said it had recovered over 80 bodies of Iranian sailors killed after a US submarine attack sank the Iranian frigate - IRIS Dena - off Galle, the island's southern coastal town. Government spokesman and minister Nalinda Jayathissa was on Thursday responding to a query by the main opposition leader Sajith Premadasa in parliament about the second Iranian ship. "We are aware of it and are contemplating action to safeguard all lives on board," Jayathissa said. "We are intervening to resolve this issue to safeguard regional peace." The ship, according to Jayathissa, awaits in Sri Lanka's Extended Economic Zone (EEZ) but is out of its territorial waters. Sources said the ship had requested emergency assistance. Meanwhile, in Galle, the cre

PM Modi speaks to Macron about West Asia crisis, seeks return to dialogue

Prime Minister Narendra Modi on Thursday spoke to French President Emmanuel Macron and discussed shared concerns over the evolving situation in West Asia, and the need for a return to dialogue and diplomacy. After his telephonic conversation with Macron, Modi said they will continue to engage closely and coordinate efforts towards the early restoration of peace and stability in the region. "Spoke with my friend President Emmanuel Macron today. We discussed our shared concerns over the evolving situation in West Asia and the need for a return to dialogue and diplomacy. "We will continue to engage closely and coordinate efforts towards the early restoration of peace and stability in the region," Modi said in a post on X. The conflict in West Asia began after the US and Israel launched military strikes on Iran on February 28, killing Iran's Supreme Leader Ayatollah Ali Khamenei. Following the military offensive, Iran has carried out a wave of attacks targeting Israeli and American ..

India seeking US marine cover for West Asia energy cargoes: Report

India, the world's third biggest oil importer, relies on the Middle East for about 40 per cent of its oil imports and about 85-90 per cent of LPG imports

Iran's attacks across Gulf show regional chaos central to its strategy

For years, Iran's theocratic government warned it would blanket the Middle East with missile and drone fire if it felt its existence was threatened. Now, the Islamic Republic is doing just that. Since the US and Israel launched the war Saturday and killed Iranian Supreme Leader Ayatollah Ali Khamenei, Iran has unleashed thousands of drones and ballistic missiles targeting Israel, American military bases and embassies in the region, and energy facilities across the Persian Gulf. Meanwhile, there's been Iranian missile fire on Turkey and drones targeting territory of Azerbaijan. Iran's basic strategy is to instill fear about the dangers of a widening war in hopes that allies of the US will apply enough pressure to halt their campaign. A protracted conflict, along with American and Israeli casualties, could also work in Iran's favour. Trouble is, the barrage-thy-neighbours strategy also could backfire. A bid to wear down regional defences and instill ...

Prolonged Iran conflict may hit corporate earnings in India: Report

'We expect some downside risk to corporate earnings, especially if the conflict lasts longer than a few weeks,' the report said on Thursday