Page 41 - Israel Iran Conflict

Iranian oil offered to India at premium to Brent after US sanctions waiver

India, the world's third-biggest oil importer and consumer, has not received ‌a cargo from Tehran since May 2019 after it came under US pressure not to buy Iranian crude

White House sees Iran's Parliament Speaker as future leader, says report

Mohammad Bagher Ghalibaf, the 64-year-old who has repeatedly called out the US and its allies' actions with strong retaliation, is seen by some officials in the White House as a potential leader

Asian shares rebound after Trump hints at possible end to Iran war

Asian benchmarks mostly rebounded Tuesday, echoing cautious relief that swept through Wall Street after President Donald Trump said the United States has talked with Iran about a possible end to their war. Japan's benchmark Nikkei 225 added 1.1 per cent in morning trading to 52,093.02, recovering some of the losses it suffered the previous day. Toyota Motor Corp's stock price gained 1.1 per cent in morning trading after it announced overnight that it was investing USD 1 billion in its Kentucky and Indiana auto plants. That's part of a plan to invest up to USD 10 billion in the US over the next five years that the Japanese automaker announced in November. Japanese manufacturers have been eager to show their contribution to American jobs and economic growth. Australia's S&P/ASX 200 rose 0.5 per cent to 8,404.00. South Korea's Kospi jumped 2.2 per cent to 5,526.24. Global markets have been on a roller coaster ride over worries about the war in Iran, which began in late February, ...

Trump extends Iran ultimatum deadline, cites 'productive' early contacts

President Trump postponed his threat to strike power plants in Iran, citing "productive conversations" with the Iranians. But officials said the talks were in an early stage and not substantive

Iran 'wants to make a deal', says Trump, but Tehran denies any talks

US President Donald Trump extended his deadline for Iran to reopen the Strait of Hormuz on Monday, saying the US will hold off striking Iranian power plants for five more days. Trump said US envoys have been holding talks with a "respected" Iranian leader, and Iran wants "to make a deal." Iranian officials denied any such negotiations, and declared that the American leader had backed down "following Iran's firm warning". Trump also said the US would seek to retrieve Iran's enriched uranium and end its nuclear programme as part of a deal, telling reporters: "We want to see no nuclear bomb, no nuclear weapon. Not even close to it." The death toll has risen to more than 1,500 people in Iran, more than 1,000 in Lebanon, 15 in Israel and 13 US military members, as well as a number of civilians on land and sea in the Gulf region. Millions of people in Lebanon and Iran have been displaced. Here is the latest: Impact reported in northern Israel after missile ...

Trump delays energy strikes, but Iran's infrastructure is already battered

US and Israeli attacks on power plants and other civilian infrastructure risk escalating the conflict across the region, and angering Iranians who oppose the government

South Korean PM cancels China visit as energy concerns mount amid Iran war

The last-minute cancellation comes as the effective closure of the Strait of Hormuz is piling pressure on Washington and on major importers of oil, gas and fuels from the Persian Gulf

Lavrov, Iran FM slam 'unacceptable' US-Israeli strikes on nuclear sites

Russian Foreign Minister Sergey Lavrov on Monday spoke to his Iranian counterpart Abbas Araghchi.Russian Ministry of Foreign Affairs said in a post on X, "On March 23, FMs Sergey Lavrov & Seyed Abbas Araghchi spoke over the phone. The Ministers discussed the deterioration in the Persian Gulf caused by US-Israeli aggression. They also voiced concern over the conflict's dangerous expansion into the Caspian region."Sergey Lavrov stressed the categorical unacceptability of the US-Israeli strikes on Iran's nuclear infrastructure, including the Bushehr Nuclear Power Plant, which create unacceptable risks for the safety of Russian personnel and could lead to catastrophic environmental consequences for all countries of the region without exception, an official statement said.Both Sides also expressed concern over the dangerous expansion of the conflict provoked by Washington and Tel Aviv into the Caspian region. The Russian Side emphasized the need for an immediate cessation of ...

From Indian films to Italian wine, Iran war ripples through global economy

India is among the most vulnerable to the war's fallout, with heavy dependence on imported crude and LPG, much of it routed via Hormuz, now facing disruptions and shortages

Japanese PM Takaichi orders review of entire supply chain for oil products

Takaichi assigned the task to Trade Minister Ryosei Akazawa on Tuesday morning at a meeting with relevant ministers

US halts Iran strikes: Nifty set to rally; Emkay picks stocks to buy now

Equity markets are set to rebound today as US has decided to halt Iran strikes. GIFT Nifty is up over 350 points. Emkay Global expects OMCs, banks, autos, NBFCs, L&T too see a strong rally.

Saudi Arabia, UAE take steps toward joining Iran war amid escalation

Saudi Arabia agreed to give the US military access to King Fahd Air Base, an apparent reversal after saying its bases couldn't be used to attack its longtime rival

UAE air defences engage 7 ballistic missiles, 16 UAVs launched from Iran

This latest interception adds to the staggering volume of fire directed at the country since the beginning of hostilities

Rupee hits new record low amid Iran war: Will INR drop to 100 vs US dollar?

Rupee hit a record low of 93.94 on Monday as oil prices stay above $100/bbl amid Iran war, and FPI pulled out ₹1 trillion in 2026. Can INR fall to 100/USD? Analysts weigh in on outlook and risks

West Asia conflict: Trump pauses strikes on Iran's energy infrastructure

Iran's foreign ministry spokesperson said there were no talks with US and that stance on the Strait of Hormuz, as well as conditions to end the war, did not change

Best of BS Opinion: Policy push at home, volatility rising across the world

Here are the best of Business Standard's opinion pieces for today

India's market capitalisation erodes $1.3 trillion from peak, shows data

While global mcap has declined 7.3 per cent this month, India's 13.3 per cent drop is the steepest among major markets

Two more Indian LPG tankers cross Hormuz, set to reach India in two days

Two more Indian-flagged LPG tankers, carrying roughly a day's supply of the country's cooking gas, have safely navigated through the war-hit Strait of Hormuz and are expected to reach Indian shores over the next two days. LPG tankers Pine Gas and Jag Vasant, sailing close to each other, started from the Persian Gulf on Monday morning before crossing the strait, ship tracking data showed. The two ships are carrying 92,612 tonnes of LPG, said Rajesh Kumar Sinha, Special Secretary in the Ministry of Ports, Shipping, and Waterways, at a news briefing. "The movement has started." The tankers are likely to reach Indian ports between March 26 and March 28. The vessels have 33 and 27 Indian seafarers onboard, according to the Ministry of Ports, Shipping and Waterways. Both the LPG tankers sailed through waters between Iran's Larak and Qeshm islands -- possibly to make their identity clear to Iranian authorities before they cross the strait, ship tracking data showed. The two ships were am

Strikes on Gulf energy infra spark fears of prolonged global impact

This new phase of the war began Wednesday, when Iran carried out a retaliatory missile strike on Ras Laffan, Qatar's vast energy complex

War, emerging geopolitical faultlines: West Asia war jolts global economy

Iran's decision to shut off the Strait of Hormuz on March 1 was not merely an act of retaliation; it was a calculated demonstration of its enduring capacity to disrupt the global commons