Interest-rate bets that fully anticipated easing in the US have eroded, while possible hikes in the UK and euro zone later in the year are now being priced in
Missiles and bombs contain heavy metals and other toxic pollutants, which are released into the air, soil and water when they explode and crash, lingering often for decades
Here's a look at some of the sectors under increased investor scrutiny as the broader consequences of the war unfold
US broadcast regulator has responded to a complaint by President Donald Trump about negative coverage of the Iran war, urging them to "correct course before their license renewals come up". Brendan Carr, the chairman of the Federal Communications Commission, has previously launched investigations into networks he has said are unfairly partisan, most notably pressuring ABC to take late-night host Jimmy Kimmel off the air. It was the first time Carr had addressed Iran coverage, although Trump and the White House have sharpened their attacks in recent days against coverage they perceive as being unduly critical or unfair. "The law is clear. Broadcasters must operate in the public interest, and they will lose their licenses if they do not," Carr warned in a social media post. Iran's foreign minister calls on neighbours to expel foreign aggressors ----------------------------------------------------------------------------- Foreign Minister Abbas Araghchi made the call on social media
The attacks have occurred in and around the Persian Gulf, the Strait of Hormuz and the Gulf of Oman since March 1
US Energy Secretary Chris Wright directed a Texas-based oil and gas company Friday to restore operations in waters off southern California that were damaged by a 2015 oil spill, invoking the Defence Production Act. Restoring Sable Offshore Corp.'s Santa Ynez unit and pipeline off Santa Barbara aims to address supply disruption risks, according to a department news release. The unit includes three rigs in federal waters, offshore and onshore pipelines, and the Las Flores Canyon Processing Facility. The facility can produce about 50,000 barrels of oil per day and would replace nearly 1.5 million barrels of foreign crude each month, officials said. "The Trump Administration remains committed to putting all Americans and their energy security first," Wright said in a statement. "Unfortunately, some state leaders have not adhered to those same principles, with potentially disastrous consequences not just for their residents, but also our national security. Today's order will strengthen .
The United Arab Emirates (UAE) has ordered the arrest and urgent trial of 10 people of various nationalities for publishing video clips on social media platforms containing misleading and fabricated content amid regional tensions due to the war in Iran. In a statement released by the country's official news agency Wam, UAE Attorney-General Dr Hamad Saif Al Shamsi said the action follows the continuous monitoring of digital platforms amid regional developments. The attorney-general did not reveal the nationalities of the accused. "Such events have been exploited to disseminate misinformation intended to deliberately mislead the public while undermining national security, order and stability," he said. Investigations revealed that the defendants published videos featuring real footage of air defence systems intercepting attacks. Other clips depicted projectiles on the ground or crowds observing events. Dr Al Shamsi said the under trial circulated fabricated footage created using AI t
The incident came after Iran's military warned it could target ports and docks in the UAE in retaliation to a US strike on the critical Iranian oil export hub of Kharg Island
The development comes as Israel threatens what could be its largest ground invasion of Lebanon since the 2006 War
Iran issued an evacuation warning for three major ports in the United Arab Emirates on Saturday, including the busiest in the Middle East, openly threatening a neighbouring country's non-US assets for the first time as its war with the US and Israel entered its third week. Iran said the US had used "ports, docks and hideouts" in the UAE to launch strikes on Iran's Kharg Island, without providing evidence. It urged people to evacuate areas where it said US forces were sheltering. Hours after the threat, there was no sign of an attack on Dubai's Jebel Ali port - the Mideast's busiest - or the Khalifa port in Abu Dhabi. But Associated Press images showed a fire at the third port, in Fujairah, caused by debris from an intercepted Iranian drone hitting an oil facility. Iranian Foreign Minister Abbas Araghchi told MS NOW that the US attacked Kharg Island and Abu Musa Island with low-range artillery from two locations in the UAE, Ras Al-Khaimah and a place "very close to Dubai," calling th
Union Minister Piyush Goyal on Saturday said India is well-placed to deal with any situation on crude oil and fuel, as the West Asia crisis disrupts gas shipments and shipping routes, and highlighted that the government has ramped up kerosene production to provide an alternate option for the common man. Speaking at the CNBC-TV India Business Leaders Awards 2026 ceremony, Goyal said the government plans to come up with some "concrete agenda" next week to support exporters. "On crude oil, on fuel, we are pretty well placed. We have good stocks in hand. There's been absolutely no disturbance of any sort on the crude or the fuel front, petrol, diesel, aviation fuel," Goyal said. He said that India has ramped up kerosene production so that, in the event of any delays in LPG supplies, there will be an alternate cooking medium for the common man. "Incidentally, we are also covering through imports from diversified sources the requirements of LPG and LNG," he said. "The shipping times were
The Delhi government issued an order on Saturday, capping the daily regulated distribution of commercial LPG cylinders at roughly 20 per cent of the city's average consumption. The directive follows instructions from the Ministry of Petroleum and Natural Gas and intends to ensure that essential services continue to receive fuel amid the escalating military conflict between Iran and the US that has put international supply routes in distress. "Delhi typically records a daily sale of around 9,000 commercial LPG cylinders (19-kg equivalent). Under the new system, approximately 1,800 cylinders per day will be distributed through a priority-based allocation mechanism coordinated with the three oil marketing companies (OMCs)," said the order issued by the Department of Food, Supplies and Consumer Affairs. Under the distribution framework, sectors have been classified into eight priority categories. "Educational institutions, hospitals, railways and airports have been placed in the highes
Trump said nations affected by Iran's "attempted closure" of the waterway should contribute naval support to maintain the passage
The notification also stated that consumers with a PNG connection cannot apply for a new LPG connection or obtain cylinder refills
Against the backdrop of spiralling hostilities in West Asia, India on Saturday said it has remained in touch with all key players, including the Gulf Cooperation Council, Iran, the US and Israel, with a primary focus on safeguarding its energy security. External Affairs Ministry Spokesperson Randhir Jaiswal said that besides advocating for dialogue and diplomacy, India has consistently underlined the necessity of ensuring the unimpeded transit of goods and energy supplies through the region. Aseem Mahajan, an additional secretary in the ministry, said five Indian nationals have lost their lives and one remains missing in the ongoing conflict. He said around 1,72,000 Indians have returned to India since February 28, the day the hostilities began. "We have also called for avoiding targeting civilian infrastructure, including energy infrastructure, across the region. We believe that these are the priorities of a large part of the global community since the impact of the conflict is bei
India has fast-tracked fertiliser imports to safeguard supplies for the kharif sowing season as the West Asia crisis disrupts gas shipments, and shipping routes, government sources said on Saturday. India has brought forward a global tender for urea imports and ordered 13.5 lakh tonnes of fertiliser by mid-February. About 90 per cent of this order is expected to arrive by the end of March, the sources said. Urea, India's most consumed and heavily subsidised fertiliser, is produced domestically at around 30-31 million tonnes annually, with imports of 6-10 million tonnes bridging demand shortfalls. Production is heavily dependent on natural gas. India also imports phosphatic fertilisers, including Di-Ammonium Phosphate (DAP) and NPK compounds. A five-year supply contract with Saudi Arabia for 3 million tonnes of DAP remains intact with "no force majeure," the sources said. Supplies of urea, DAP and NPK from Russia and Morocco are flowing uninterrupted via the Cape of Good Hope ...
There is no shortage of fertilisers in the country in view of the West Asia conflict, the government said on Saturday, asserting that current stocks of urea and other crop nutrients remain "more than adequate". External Affairs Ministry Spokesperson Randhir Jaiswal said New Delhi's partners have also assured it of uninterrupted fertiliser supplies. "What I can tell you is that India has more than adequate stocks of fertilisers at this point of time, especially for the upcoming Kharif season," he "Our stocks of urea are more than what they were at this point last year," he said at an inter-ministerial media briefing on developments relating to the West Asia crisis. Jaiswal said India's DAP (Diammonium phosphate) stocks are double of what they were in 2025, while the NPK (Nitrogen, Phosphorus and Potassium) stock position is similarly much higher today in comparison to last year. "Observers and commentators would do well to look at the factual situation and not induce panic through
India on Saturday admitted that a common BRICS position on the West Asia conflict remains elusive due to "differing views" among member-nations and New Delhi is engaged to forge a consensus on the issue. Ministry of External Affairs (MEA) Spokesperson Randhir Jaiswal, without naming any country, said some BRICS members are directly involved in the conflict, which has impacted finding a unified stance for the grouping. India is the current chair of the influential bloc, which recently expanded to include Iran, the United Arab Emirates (UAE) and some other countries. Iran's counter-offensive against the UAE and other Gulf nations following the February 28 US-Israel strikes on Iranian targets has triggered some disquiet within the grouping. As the current chair of the BRICS, India is now navigating the challenge of finding a common position for the bloc on the conflict. "Some members of the BRICS are directly involved in the current situation in the West Asia region, which has impact
Indian LPG carriers Shivalik and Nanda Devi crossed the Strait of Hormuz safely and are sailing towards Mundra and Kandla ports, officials said amid tensions in the Gulf region
A drone attack triggered a fire and forced suspension of some oil loading operations at the UAE's Fujairah port, located just outside the Strait of Hormuz, a critical route for global energy shipments