Page 32 - Latest Updates on West Asia Conflict

Iran warns Bab al-Mandeb could shut: What it means for global trade routes

Iran's warning over a possible Bab al-Mandeb closure has raised concerns over global trade. The strategic strait carries oil and goods between Asia, Europe and West Asia

Why Trump's Iran threats are raising war crimes concerns globally

Trump's warnings to target Iran's infrastructure have triggered legal scrutiny as experts say such threats may violate international humanitarian law and escalate risks of war crimes

Bridge linking Saudi Arabia to Bahrain reopens after attack threats

The King Fahd Causeway, a key bridge linking Saudi Arabia and the island of Bahrain, reopened Tuesday morning after closing for hours over possible threats from Iran. The King Fahd Causeway Authority made the announcement in a post on X, saying the only route by road between Bahrain and the Arabian Peninsula had reopened. Bahrain's airport has been closed over the Iranian attacks for weeks. The hours-long closure came after a ballistic missile attack from Iran targeted Saudi Arabia and may have done damage to energy infrastructure there. The kingdom has not elaborated on the damage from that attack.

Morgan Stanley cuts India FY27 GDP forecast by 30bps to 6.2%

If crude spikes to $150/bbl for a quarter, we see FY27 (GDP) growth at around 5.7 per cent, CPI inflation breaching 6 per cent and the CAD widening to around 3 per cent of GDP, Morgan Stanley said.

Stock market outlook: Why analysts say this isn't 'buy on dips' market yet

Indian markets have rebounded in April, with Nifty50 rising nearly 3 per cent this month. Analysts, however, say sentiment remains cautious. Here's why it's not yet a broad-based buy-on-dips phase

Govt plans ₹2.5 trn credit guarantee scheme for businesses hit by Iran war

The guarantee on bank loans would be provided by the National Credit Guarantee Trustee Company (NCGTC), a wholly-owned subsidiary of the government

Air India CEO steps down: Inside the turbulence airline is facing

Air India's CEO Campbell Wilson has reportedly stepped down as the airline deals with financial losses, safety concerns, regulatory scrutiny and flight disruptions linked to the West Asia conflict

Iran urges youth to form human chains near power plants, Saudi shuts bridge

The King Fahd Causeway, a key bridge linking Saudi Arabia to the island kingdom of Bahrain, closed early on Tuesday over threats from Iranian attacks. The King Fahd Causeway Authority made the announcement in a post on X. It said vehicle movements had been "suspended as a precautionary measure" over Iranian attacks targeting Saudi Arabia's Eastern Province. The 25-kilometre (15.5 mile) bridge is the only connection by road for Bahrain, home to the US Navy's 5th Fleet, to the Arabian Peninsula. US President Donald Trump has issued an ultimatum for Iran to reopen the Strait of Hormuz and threatened to bomb Iranian power plants and bridges if it doesn't by Tuesday 8 pm EDT.

Trump floats seizing Iran oil as he weighs expanding US energy dominance

Trump's proposal reflects push for energy dominance, but raises risks of deeper conflict and global fallout

Markets set on favourable FY27 base; Iran war ceasefire key trigger: MOFSL

India's valuation premium over emerging markets, according to MOFSL, has narrowed to 27 per cent, well below the 10-year average of 73 per cent

West Asia war: Iran submits 10-point plan as Trump's Hormuz deadline nears

As President Donald Trump's deadline to reopen the Strait of Hormuz nears, Iran has submitted a 10-point proposal to end the war with the US and Israel. Here are the top updates at 10 am (IST)

Iran war hits Uttarakhand industries as costs rise: Industry group chief

On the input side, costs have increased, while exports to West Asia--particularly in sectors like pharmaceuticals, food processing, and handicrafts--have been disrupted, with no new orders coming in

'Blessing of martyrdom': Mojtaba Khamenei hails slain intel chief Khademi

The remarks come at a time when Iran continues to project its security apparatus as resilient in the face of regional and internal threats

New UNSC draft on Hormuz eases off threats of force to avoid veto risks

Russia, which is allied with Iran and holds veto power on the Security Council, had expressed its disapproval over some of the earlier language of the previous draft resolution

Saudi Arabia intercepts 7 missiles; debris falls near energy facilities

Saudi Arabia has faced repeated attacks involving hundreds of missiles and drones since the start of the US-Israeli war on Iran, most of which have been intercepted

Asian shares mixed ahead of Trump's deadline for Iran to reopen Hormuz

Asian shares were mixed in cautious trading on Tuesday, as oil prices continued to surge ahead of a deadline that US President Donald Trump set for Iran to reopen the Strait of Hormuz to all shipping traffic or risk its power plants and bridges being bombed. Japan's benchmark Nikkei 225 erased earlier gains to decline 0.2 per cent in morning trading to 53,310.30. Australia's S&P/ASX 200 gained 1.5 per cent to 8,706.90. South Korea's Kospi was little changed, inching down less than 0.1 per cent to 5,445.80. The Shanghai Composite edged up 0.4 per cent to 3,896.98. Trading was closed in Hong Kong for a holiday. On Wall Street, stock prices drifted higher, with the S&P 500 rising 0.4 per cent, coming off its first winning week in the last six. The Dow Jones Industrial Average added 165 points, or 0.4 per cent, and the Nasdaq composite climbed 0.5 per cent. In energy trading, benchmark US crude jumped USD 2.37 to USD 114.78 a barrel. Brent crude, the international standard, added .

Iran's 10-point proposal demands end to US-Israeli attacks, sanctions

As President Trump's deadline for new attacks loomed, Iran conveyed its conditions through Pakistani intermediaries

Trump threatens to jail journalists who reported on pilot rescue from Iran

Trump said that reports that mentioned that only one of the two pilots had initially been rescued threatened the attempt to rescue the other by tipping off the Iranians

Trump's threat on Iran energy infra could be considered war crime: Experts

In his news conference on Monday, President Donald Trump threatened to blow up every bridge and power plant in Iran, a declaration so far-reaching that some experts in military law said it could constitute a war crime. The issue could turn on whether the power plants were legitimate military targets, the attacks were proportional compared with what Iran has done and whether civilian casualties were minimised. Trump's threat was so broad brush it did not seem to account for the harm to civilians, prompting Democrats in Congress, some United Nations officials and scholars in military law to say such strikes would violate international law. The president's eventual actions often fall short of his all-encompassing rhetoric in the moment, but his warnings about the power plants and bridges were unambiguous both on Sunday and Monday as he set a deadline of Tuesday night for Iran to open the Strait of Hormuz. A spokesman for UN Secretary-General Antonio Guterres on Monday warned that ...

North American oil in demand as world grasps for supplies amid Iran war

Oil grades from Texas and North Dakota to Alberta are surging as refiners compete with rivals in Asia and Europe for barrels after weeks of strangled shipments via the Strait of Hormuz