The developments come amid the evolving security situation in West Asia and the Gulf
For OMCs, analysts suggest the fall in stock prices reflects, to some extent, the pain on account of higher crude oil prices that surged past the $100 a barrel (bbl) mark
The West Asia conflict showed no signs of easing on Day 19, with Israel striking Iran and Tehran confirming Ali Larijani's death; Donald Trump said US-Israel operations are 'proceeding very well'
Cluster bomb warheads indiscriminately spread dozens of sub munitions, each with several kilograms of explosives, over a radius of around 10 kilometres
Iran said that security chief Ali Larijani was killed in an Israeli airstrike, along with his son and aides, in one of the most significant hits to its leadership since the conflict began
The humanitarian agency warned that this war is sending 'shockwaves on food and fuel costs' across the globe
According to the Ministry of Defence, UAE's air defences are 'currently responding to incoming missile and drone threats from Iran'
This consultative session is set to focus specifically on "consultation and coordination regarding ways to support the security and stability of the region
As many as 430 ceramic units in Gujarat's Morbi will not operate for at least three weeks as the West Asia conflict has disrupted the supply of gas required in the manufacturing process, a representative of the industry said. In Morbi, known as the ceramic city and the world's second-largest hub for ceramic tile production, nearly 450 out of the total 670 factories have already ceased operations due to the gas shortage and many more are on the verge of shutting down in the days to come, officials said. The ceramic industry relies heavily on propane or natural gas for its operations, particularly for firing kilns and drying processes. The West Asian region has been facing military turmoil with the US and Israeli forces engaging in a war against Iran, which has closed the Strait of Hormuz, a major passage for vessels. "A special meeting of ceramic units operating at Morbi in Gujarat was convened on Tuesday, where the owners of around 430 units engaged in consultations regarding the g
China won't help the United States reopen the Strait of Hormuz as requested by President Donald Trump, but it is probably welcoming the delay in Trump's highly anticipated trip to Beijing as the US risks getting bogged down in the Middle East, analysts say. The latest developments are unfolding as Trump's Iran war, in its third week, is faced with mounting pressure as oil has stopped moving through the strait and US allies have refused to step up to secure the strait. That has produced concerns that China, the United States' biggest geopolitical rival, could stand to benefit from a war that some say was ill-considered. "President Trump's request to delay his long-awaited summit with President Xi Jinping underscores how significantly he underestimated the fallout from Operation Epic Fury," said Ali Wyne, senior research and advocacy adviser for US-China relations at the International Crisis Group. "A show of US force that was meant to intimidate Beijing has instead served to punctur
Iranian President Masoud Pezeshkian expressed deep grief over the loss, describing Larijani as a "virtuous, precious, and dear brother:
The Secretariat of Iran's Supreme National Security Council said Ali Larijani was killed along with his son Mortaza Larijani, and SNSC deputy for security Alireza Bayat
Israeli officials trumpeted airstrikes that killed Iran's de facto leader and the commanders of a militia notorious for suppressing protests. But "decapitation has its limits," an analyst warns
A US attack or a move to seize control of Iran's main oil export hub could cripple the country's ability to profit from its natural resources, but it would also risk sending energy prices even higher
As the Iran war enters the third week and cooking gas becomes scarce amid a conflict-driven supply shock
He is the first high-profile administration official to step down in protest of the conflict
As the US-Israeli war on Iran intensifies and continues to wreak havoc, some fear that the death of a figure like Larijani could block potential diplomatic efforts to end it quickly
Trump further said that it would take ten years to rebuild the damage that had been done to Iran
military spokesperson Effie Defrin said Israel would continue targeting members of Iran's paramilitary Basij force
US forces successfully employed multiple 5,000-pound deep penetrator munitions on hardened Iranian missile near Hormuz, said US Centcom