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Defence Minister Rajnath Singh on Thursday said that there is "no dearth of fuel or gas in the country" and India was ready to deal with any energy crisis resulting out of the West Asia conflict. Singh, speaking at a Sainik Samman Sammelan in poll-bound Kerala, said that Indian Navy ships were safely escorting the country's tankers through the Strait of Hormuz. The defence minister further said that Prime Minister Narendra Modi was using his diplomatic skills to protect Indian interests in the Gulf region. "We are closely monitoring the state of affairs in West Asia and are prepared to deal with any situation," he said. Singh, during his speech, urged everyone to choose the BJP in the assembly polls as it was the correct political party to bring changes to the state, as it came with "Modiyude guarantees" (Modi's guarantees). "His leadership is like 24-carat gold -- it is tried and tested," he contended. The elections to the Kerala Assembly, which has 140 seats, will be held on Ap
The gains followed an earlier fall of more than $1 in both benchmarks prior to Trump's televised speech to the nation, after having settled lower in the previous session
Input cost inflation hit a 43-month high in March, while softer demand, market uncertainty and the West Asia war slowed new orders and output growth
In March, India added 580,000 new households to its piped gas network, up from 342,300 a year earlier
One of the most important factors that will determine market's trajectory in the weeks ahead, according to analysts, remains crude oil prices.
Almost three dozen countries will meet Thursday in an effort to exert diplomatic and political pressure to reopen the Strait of Hormuz, a vital shipping route that has been choked off by the US-Israeli war against Iran. British Prime Minister Keir Starmer said the virtual meeting chaired by Foreign Secretary Yvette Cooper "will assess all viable diplomatic and political measures we can take to restore freedom of navigation, guarantee the safety of trapped ships and seafarers and to resume the movement of vital commodities". Iranian attacks on commercial ships, and the threat of more, have halted nearly all traffic in the waterway that connects the Persian Gulf to the rest of the globe's oceans, shutting a critical path for the world's flow of oil and sending petroleum prices soaring. The US is not among the countries attending Thursday's meeting. Trump has said securing the waterway is not America's job, and told US allies to "go get your own oil". No country appears willing to try
Tensions remain high in West Asia as Donald Trump threatens stronger attacks on Iran if talks fail. Here are the top updates at 10 am (IST)
India's heavy reliance on gas across the economy - businesses of all sizes, households, agriculture, public transport - makes its factories among the most vulnerable in Asia
Indian refiners, including Reliance Industries Ltd, Hindustan Petroleum Corp and Indian Oil Corp have purchased a combined 343,000 barrels a day for loading in March
Any decision by Iran to keep fighting would complicate President Trump's stated goal of trying to end the war within weeks
Iran's President Masoud Pezeshkian in a message to American people said both confrontation and engagement between Iran and the US are accessible, adding that Iran will endure any aggression by the US. "Today, the world stands at crossroads. Continuing along the path of confrontation is more costly and futile than ever before. "The choice between confrontation and engagement is both real and consequential; its outcome will shape the future for generations to come," said Pezeshkian. "Throughout its millennia of proud history, Iran has outlasted many aggressors. All that remains of them are tarnished names in history, while Iran endures - resilient, dignified, and proud." Pezeshkian did not mention a ceasefire offer last week by President Trump, though he accused Israel of dragging the US into a war against Iran. "Is it not also the case that America has entered this aggression as a proxy for Israel, influenced and manipulated by that regime?" asked Pezeshkian.
The US and Israel have done significant damage to Iran's military capabilities. But Iran still fires missiles, has nuclear material and coordinates with militias in the region
Reflecting on the resilience of the public, the Supreme Leader described the nation as having maintained a spirit of 'steadfastness and dignity' throughout the recent spring commemorations
Iranian Ministry of Foreign Affairs emphasised that the current hostilities were 'not Tehran's war of choice, but rather one imposed by the US and Israel'
As reported by the Tehran-based broadcaster, these "devices were meant to be distributed among operatives across the country" to facilitate further intelligence gathering
Trump said talks with Iran were underway but warned that the US would step up strikes if no agreement is reached
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The war could result in huge geoeconomic shifts. The big immediate winner is Russia, benefitting from higher oil prices and the removal of sanctions
Benchmarks surrender part of gains, end 1.6% higher; crude oil slips below $100 per barrel
Trump claimed that an Iranian leader had sought a ceasefire. He added that the United States would consider it only when the Strait of Hormuz was open, free, and clear