Page 20 - Latest Updates on West Asia Conflict

A look at India's measures to cushion oil shock amid soaring prices

From curbing gold imports and raising fuel prices to tightening currency-market rules, authorities have stepped up efforts to conserve dollars, with the rupee hitting a new low Tuesday

US Senate passes resolution to limit Trump's powers to wage war on Iran

Senators approved a motion to discharge the resolution from committee in a 50-47 vote, with four Republican lawmakers joining most Democrats in support of the measure

Will end war 'very quickly' as Iran wants to make deal 'so badly: Trump

The US President further stated that global oil prices were expected to fall due to abundant supply

Iran could trigger 'nuclear arms race' in West Asia, says J D Vance

US Vice President J D Vance has said Iran having an atomic weapon would trigger a "nuclear arms race" worldwide and asserted that the US was "locked and loaded" to restart military operations if Tehran failed to reach a peace deal. Vance's remarks at a press conference at the White House on Tuesday came a day after President Donald Trump put off the decision to resume strikes on Iran at the request of Arab nations, including Qatar and the UAE, who said that Tehran was being "reasonable" in peace talks. "We think the Iranians want to make a deal. The president of the United States has asked us to negotiate in good faith. And that's exactly what we've done," the vice president said. But Vance warned that diplomacy will not come at the cost of Trump's key demand that Iran never obtain a nuclear weapon. "So as the president just told me, we're locked and loaded," Vance said, adding that he had a meeting with Trump before coming to the press briefing. "We don't want to go down that ...

US imposes fresh sanctions on Iran-linked exchange firms, oil vessels

The action is part of the Trump administration's 'Economic Fury' campaign aimed at intensifying pressure on Iran amid the geopolitical standoff due to the conflict in West Asia

Best of BS Opinion: Centre, states face strong fiscal headwinds

From Bharti Airtel's succession planning and AI-driven cyber risks to the economic fallout of the West Asia conflict and India's investment needs - here are today's top opinion pieces

Trump says Iran wants deal but fresh US strikes remain possible soon

US President Donald Trump said Washington could attack Iran again within days if Tehran fails to agree to a deal, even as Iran seeks sanctions relief and an end to hostilities

Peace deal seeks reparations for war damage, US troop withdrawal, says Iran

The terms as described in the Iranian reports appeared little changed from Iran's previous offer, which US President Donald Trump rejected last week as 'garbage'

Trump threatens Iran, then pulls back from planned strikes, all in same day

President Trump has repeatedly said he'll restart military action against Iran, only to stop short of plunging the United States directly back into an unpopular war

Called off planned strikes on Iran at request of Gulf allies: Trump

President Donald Trump said he is holding off on a military strike on Iran planned for Tuesday because "serious negotiations" are underway. Trump's announcement in a social media post Monday came as he had threated the clock was ticking for Iran to strike a deal or fighting would renew after a fragile ceasefire. The president did not offer details about the planned attack but said but he instructed the US military "to be prepared to go forward with a full, large scale assault of Iran, on a moment's notice, in the event that an acceptable Deal is not reached." Trump has been threatening for weeks that the ceasefire struck in mid-April could end if Iran did not strike a deal, with shifting parameters for striking such an agreement.

Oil drops over 2% after Trump says he holds off scheduled attack on Iran

Brent futures for July delivery fell $3.01, or 2.7 per cent, to $109.09 a barrel as of 0001 GMT, ‌while US West Texas Intermediate crude for June delivery fell $1.38, or 1.3 per cent, to $107.28

G7 finance ministers look to contain economic fallout from Iran war

Officials discuss oil-price shock, sanctions on Iran, inflation risks and support for Ukraine amid growing global economic uncertainty

Iran war saddles global companies with over $25 billion in losses so far

Rising oil prices, supply disruptions and shipping bottlenecks are forcing companies to cut output, raise prices and suspend payouts

Pakistan conveys revised Iranian peace proposal to US amid fragile truce

Fragile ceasefire remains under strain as Tehran, Washington continue to differ over nuclear programme and Strait of Hormuz

Iran announces new authority to regulate shipping, tolls through Hormuz

Iran's top security body said the newly formed Persian Gulf Strait Authority (PGSA) would regulate and administer transit operations in the Strait of Hormuz

Oil touches 2-week high after drone attack on UAE nuclear power plant

Brent ‌crude futures climbed $1.65, or 1.51 per cent, to $110.91 a barrel by 0703 GMT, but were off the $112 they had touched earlier for their highest since May 5

Rupee hits record low of 96.25 against US dollar amid oil price surge

At the interbank foreign exchange market, the rupee opened at 96.19, then fell further to 96.25 against the US dollar, registering a fall of 44 paise from its previous close

Dangerous escalation: India condemns attack on UAE's Barakah nuclear plant

Expressing its concerns, the Ministry of External Affairs on Monday said that such actions are 'unacceptable' and represent a 'dangerous escalation'

Iran war cripples Qatar's gas-powered economy as Hormuz crisis deepens

Iranian attacks and the stoppage of seaborne transit have paralyzed Qatar's vital gas exports, stalling the economic pivots intended to anchor the country's growth

Asian shares slip as drone attacks in Gulf lift oil prices, bond yields

Japan's Nikkei eased 0.4 per cent, having fallen 2 per cent last week, though that was from record highs