Page 26 - Israel Iran Conflict

Mojtaba Khamenei rejects proposals to reduce tensions with US: Report

The Strait of Hormuz remains largely closed off, with US allies rebuffing US President Donald Trump's request for help to reopen the critical waterway, raising energy prices and fears of inflation

West Asia crisis: India's 2nd LPG carrier 'Nanda Devi' arrives in Gujarat

India's second LPG carrier 'Nanda Devi' arrived safely at Vadinar port in Gujarat on Tuesday, carrying 46,500 metric tonnes of gas after navigating the Strait of Hormuz amid the West Asia conflict, an official said. The first ship, 'Shivalik', reached Mundra Port in Gujarat on Monday. 'Nanda Devi' has docked at Vadinar port in Devbhumi Dwarka district, and preparations were being made to shift the LPG (liquefied petroleum gas) to the daughter ship, Deendayal Port Authority Chairman Sushil Kumar Singh told reporters. "A consignment of 46,500 metric tonnes of LPG has been brought in; this cargo will be transferred to a vessel named BW Birch, which will subsequently proceed to discharge portions of the consignment at the ports of Ennore (Tamil Nadu) and Haldia (West Bengal) along the eastern coast," he said. "The transfer process takes place at a rate of 1,000 tonnes per hour; consequently, the entire operation is expected to take two days to complete," he added. The port authority a

Fuel retailers seek advance payments as losses mount on price surge

Indian refiners, hit hard by a declining rupee, are facing revenue losses from retail sales as cracks for gasoline and gasoil surged to multi-year ‌highs

West Asia crisis to intensify soaring European corporate distress

Even before the US and Israel began their attacks on Iran on Feb. 28, financial strain among the continent's businesses was at a four-year high

India growth forecasts cut, inflation risks rise as Iran war drags on

Economists expect slower growth due to reliance on imported oil, with Goldman cutting its 2026 forecast to 6.5%, while IndusInd warns of a 30-basis-point hit and risks from weak consumption

West Asia crisis: Sri Lanka declares Wednesdays off amid fuel supply crunch

Sri Lanka has declared Wednesdays as public holidays and introduced fuel rationing to curb shortages, as the West Asian crisis disrupts energy supplies

Ensure airlines assess risk before flying in conflict-hit areas: ALPA

Pilots' body ALPA India on Tuesday asked its members to ensure that airline operators carry out "appropriate operational risk assessments" before planning flights in or near conflict-affected areas. The Air Line Pilots Association (ALPA) India, in an advisory to all pilots under an Indian licence, said that the pilots must remain aware that the risk environment in conflict-affected areas can change rapidly and without adequate warning. The advisory has come amid the escalating war in West Asia, involving the US, Israel and Iran, which has led to cancellations of a number of flights due to airspace closures since February 28. The pilots' body said that members are advised to take note of the potential implications related to aviation insurance coverage, particularly with respect to war-risk clauses. Under certain circumstances, insurance providers may withdraw or limit coverage for operations conducted in designated conflict zones or high-risk airspaces, it said. ALPA India is an .

LPG consumption falls 17% in first half of March on war-related shortages

Cooking gas LPG consumption in India fell by a steep 17.7 per cent in the first half of March on the back of supply disruptions due to war in West Asia, preliminary industry data showed. LPG consumption fell to 1.147 million tonne during the first fortnight of March, 17.3 per cent lower than 1.387 million tonne consumed in the same period last year and 26.3 per cent lower than 1.557 million tonne demand in the first half of February. India imports about 60 per cent of its LPG requirements, much of it via the Strait of Hormuz, which has been effectively shut following US and Israeli strikes on Iran and Tehran's retaliation. With supplies from Saudi Arabia and the United Arab Emirates disrupted, the government has cut LPG supplies to commercial establishments like hotels, and industries to safeguard household cooking gas availability. Preliminary sales data of three state-owned fuel retailers, who control roughly 90 per cent of the market, showed LPG consumption during March 1 to Mar

What are ethanol cookstoves and can they serve as an LPG alternative?

As LPG supply concerns grow due to the West Asia crisis, ethanol producers have proposed ethanol cookstoves; here's what they are, how they work and whether they can replace LPG in homes

Biz chamber seeks RBI relief for exporters hit by West Asia crisis

The Bharat Chamber of Commerce (BCC) wrote to RBI Governor Sanjay Malhotra, urging supportive banking measures for exporters reeling under disruptions in global logistics and shipping routes caused by ongoing tensions in West Asia. In a letter on Monday, it said West Asia serves not only as a key destination for Indian exports but also as a critical transhipment hub for shipments bound for Europe and Africa. "The ongoing situation has led to diversion of shipping routes, port congestion, higher freight and insurance costs, and extended transit periods, straining working capital cycles and liquidity positions of exporters," it said. The BCC urged RBI to encourage banks to adopt a supportive credit approach by enhancing working capital limits, providing ad-hoc credit facilities, and extending the tenure of pre-shipment and post-shipment export credit. Greater flexibility in rollover of packing credit and extension of due dates for export bills was also sought. It also requested ...

West Asia war digest, March 17: Stories tracking the economic fallout

From oil-driven rate hike bets and FPI outflows to export disruption, fuel shortages and shipping risks, Business Standard coverage tracks how the West Asia crisis is reshaping India's economy

Good will triumph over evil': Netanyahu wishes 'happy holiday' to Iran

His remarks come at a time of heightened geopolitical uncertainty in the West Asia, with multiple global leaders engaging on issues related to regional security and stability

Trump warned of likely Iran retaliation on Gulf allies despite his claim

Trump had said twice on Monday that Iran's retaliatory strikes against Qatar, Saudi Arabia, the United Arab Emirates, Bahrain and Kuwait were a surprise

Oil prices rise over 2% amid Iran war supply risks as Hormuz remains shut

Brent ​futures jumped $2.74, or 2.7 per cent, to $102.95 a barrel by 0357 GMT, while US West Texas Intermediate crude ‌gained $2.45, or 2.6 per cent, to $95.95

Iran war impact: Emkay sees Nifty at 21,000; lists top 3 stocks to buy now

Emkay Global warns of a 10-per cent downside in Nifty as Iran war volatility keeps crude oil above $100 per barrel. It has picked HDFC Bank, Eternal, and Max Healthcare as top stocks to buy now.

West Asia war updates: Trump says Iran must not get nukes; Brent tops $102

The US-Israel war with Iran entered day 18 as Donald Trump said the conflict may end soon; the Strait of Hormuz remains tense, while oil prices rose with Brent crude trading above $102 a barrel

Not happy with UK, France on Srait of Hormuz coalition, says Trump

French President Emmanuel Macron earlier spoke with Iranian President Massoud Pezeshkian, calling on him to put an end to attacks by Iran against the other countries in the West Asia

With threats and claims of 'treason,' Trump pressures media on Iran war

A president who calls journalists the 'enemy of the people' has accused news organisations of undermining a military effort that many Americans oppose

Mixed signals: Trump shifts his position on Iran almost with every sentence

The president is no stranger to staking out contradictory stands, part of what his aides say is his negotiating style. But on Iran, his shifting positions are colliding with the consequences of war

'This is not our war': Europe, UK push back against Trump's demands

While some European countries said they were discussing ways to help reopen the Strait of Hormuz, several rejected President Trump's calls to send warships