Page 5 - Latest Updates on West Asia Conflict

West Asia war: Bet on smallcaps, not Nifty to make money, says Shankar Sharma

In fact, a relief rally due to West Asia conflict resolution could provide foreign investors with another opportunity to reduce their exposure to India, Sharma said.

US, Iran head to Switzerland for peace deal: Here's what world can expect

After more than three months of conflict, the US and Iran have agreed to a peace framework that includes reopening the Strait of Hormuz and restarting nuclear negotiations

Hormuz reopening may ease India's oil worries, curb inflation risks

A reopening or normalization of shipping through the Strait of Hormuz would provide significant relief for India, one of the world's largest crude importers, by easing concerns over oil supplies, lowering freight costs and reducing pressure on inflation. The narrow waterway between Iran and Oman handles roughly a fifth of global oil consumption and serves as the primary export route for major Gulf producers, including Saudi Arabia, Iraq, Kuwait, the United Arab Emirates and Qatar - all key energy suppliers to India. Supply of crude oil - the raw material for making fuels like petrol and diesel - and natural gas - the feedstock used to generate electricity, produce fertiliser, turned into CNG to run automobiles and piped to household kitchens for cooking - through the strait was disrupted since the start of Iran in the end of February. This triggered sharp increases in crude oil prices, shipping insurance premiums and freight rates. Industry sources and analysts said the reopening an

Trump heads to G7 summit in France: Key issues, leaders and what's at stake

Right after his 80th birthday party celebrations, US President Donald Trump is heading to a summit in France of the G7 club of powerful democracies to dive into issues - Iran, Ukraine, trade and more - that have been sources of friction with allies he will be meeting. Hours before leaving Washington, Trump announced an agreement to end the war - a development that could change the dynamic for the G7 leaders during the talks from late Monday to Wednesday. Just days ago, when the Iran-U.S. ceasefire was hanging by a thread, with resumed strikes, the gathering on the shores of Europe's largest Alpine lake appeared headed for stormy waters. Analysts speculated that tempers could flare and that Trump might not stick around for long in Evian-les-Bains, the Alpine spa town that's been enveloped in a security bubble for the G7 leaders and guests also invited by French President Emmanuel Macron, the host. Aside from France and the U.S., the other G7 nations are Canada, Germany, Italy, Japan

DG Shipping asks carriers to restrict Indian seafarers deployment in Hormuz

DG Shipping has advised shipping companies to restrict deployment of Indian seafarers in the Strait of Hormuz and Gulf region amid escalating security risks and attacks on commercial vessels

Oil and gas supply woes may persist despite US-Iran peace deal: Experts

High oil and gasoline prices and energy supply problems won't be solved overnight, despite an agreement to end the Iran war and open the Strait of Hormuz announced Sunday. It will likely take months before energy companies can resume operations to the point of meeting the world's demand, according to energy experts. The slow pace of the process of shipping and refining crude oil, and doubts about the security of traveling through the strait mean the effect won't be seen immediately, they said. Ships loaded with crude oil have been stranded in the Persian Gulf for more than three months, unable to safely travel through the waterway, through which about a fifth of the world's oil and gasoline supplies typically traveled before the war began. "It's going to take time for people to feel comfortable and for insurance to be in place ... particularly to get people on the ground to restart some of these assets," said Daniel Evans, global head of fuels and refining research at S&P Global ..

Violation of red lines won't be tolerated: Iran after Israel strikes Beirut

The remarks came after the Israel Defence Forces (IDF) carried out what it described as a "precise strike" on a Hezbollah command centre in Beirut's Dahieh area on Sunday

Oil prices fall over 4% after US, Iran reach peace deal, reopen Hormuz

Brent crude futures ‌fell $3.51, ​or 4.02 per cent, ‌to $83.82 by 2203 GMT ‌and US ‌West Texas Intermediate ​was ​at $80.95 a barrel, down $3.93, or ‌4.63 per cent

Israel strikes Beirut suburbs in the lead-up to anticipated US-Iran deal

The Israeli military said it launched strikes on Beirut on Sunday targeting Hezbollah infrastructure, despite ongoing efforts to negotiate an end to the US-Iran war. Smoke could be seen rising over the Lebanese capital. The strikes threatened to hamper negotiations over a deal, which in its current form is a deep disappointment to Israel's government. The last time Israel struck the Beirut suburbs a week ago, it set off the most serious escalation of fighting between Iran and Israel since the tenuous ceasefire took hold April 7. The office of Israeli Prime Minister Benjamin Netanyahu said the strikes were in response to Hezbollah attacks on the north of the country. Israel's military said earlier in the day that Hezbollah had launched three projectiles into northern Israel, releasing footage where an audible boom was followed by a column of smoke rising above the tree line. An Associated Press photographer at the scene in Beirut said the building struck was a five-story apartment .

Iran's unity in war forced enemy to seek ceasefire: President Pezeshkian

In a message on Saturday marking the first anniversary of the conflict with Israel, Pezeshkian paid tribute to those killed during it and said that Israel "had miscalculated" the impact of its attacks

West Asia crisis has impacted fertilisers, pharma sectors, says Nadda

The Union Minister for Health and Family Welfare and Chemicals & Fertilisers, Jagat Prakash Nadda, said that the ongoing West Asia crisis has affected global supply chains linked to the fertiliser and pharmaceutical sectors, but assured that the Government of India has taken adequate measures to ensure that farmers and consumers do not face any hardship.Addressing mediapersons in Shimla, Nadda on Saturday said India had proactively diversified its sourcing strategy and strengthened supply arrangements to shield the country from disruptions arising out of geopolitical tensions in West Asia.Responding to a question from ANI regarding the impact of the crisis on the pharmaceutical and fertiliser industries, Nadda said the government had adopted a multi-pronged approach to safeguard supplies of medicines, medical devices and fertilisers."Despite the West Asia crisis, we have ensured that there will be no shortage of medicines, medical devices or fertilisers in India. Our farmers and

Violation of US blockade in Hormuz will not be tolerated: US tells India

US Secretary of State Marco Rubio has said that any violation of the American blockade and illicit transport of Iranian oil through the Straits of Hormuz will not be tolerated, an official statement said Saturday. Rubio conveyed this to External Affairs Minister S Jaishankar, who spoke with him on Friday to lodge a strong protest against the death of Indian nationals in US attacks on ships off the coast of Oman. "The Secretary stressed that all commercial vessels should immediately comply with orders from US forces as they seek to uphold peace and security in the Strait," State Department spokesman Tommy Pigott said. Rubio underscored that violations of the US blockade and the illicit transport of Iranian oil will not be tolerated, Pigott said in a statement here. Three vessels with Indian crew came under attack off the Oman coast this week. One of them resulted in the death of three Indian seafarers on Wednesday. "Such lethal actions against commercial shipping are not justified,

Iran says signing of Islamabad memorandum not expected on Sunday

According to Iran's state media, Foreign Ministry spokesperson Esmaeil Baghaei said the "exact timing of the signing of the Islamabad memorandum will not be on Sunday"

US and Iran have agreed on wording of peace deal to end war: Pakistan PM

Pakistan's prime minister said Friday the United States and Iran have agreed to wording of an agreement aimed at ending their war in the Middle East and that mediators were working with both sides to finalize a deal. Prime Minister Shehbaz Sharif said the U.S. and Iran have reached a "final, agreed upon text." He said Pakistan, which has taken the lead in mediation efforts, was working with the warring countries on next steps. "Peace has never been this close as it is now," Sharif said in a post on X. The apparent breakthrough in negotiations comes after Iran exchanged fire with the U.S. and Israel over three days this week, threatening to return the Middle East to full-scale war. Iranian Foreign Minister Abbas Araghchi said Friday an agreement "has never been closer" in a post on X. U.S. President Donald Trump, who has said multiple times in recent weeks the countries are on the cusp of a deal, shared Araghchi's post on his own social media. The war launched by the U.S. and Israe

UAE to unlock billions for Iran as war de-escalation talks advance

In the past month, the UAE, which was heavily targeted by Iran at the height of the war, has been spared fresh strikes, while Iran has trained its missiles and drones on Kuwait and Bahrain

India prepares to send oil tankers via Hormuz for new supply as war eases

State-owned Shipping Corp. of India is ready to go back to the Persian Gulf once it has approval from the Indian Navy and it has business from oil refiners

'Crew of MT Liaki Freedom safe': MEA dismisses reports of fresh strike

Clarification by the Ministry of External Affairs comes shortly after it was falsely reported that several media outlets that Indians had been killed in an overnight attack on the vessel Liaki Freedom

Jaishankar raises strong protest with Rubio over deaths of Indian seafarers

External Affairs Minister S Jaishankar spoke to US Secretary of State Marco Rubio and lodged a strong protest over the attacks by the US Navy in the Gulf that killed three Indian mariners. "Such lethal actions against commercial shipping are not justified," Jaishankar said in a post on X about his talks with Rubio. Three vessels with Indian crew came under attack off the Oman coast this week. One of them resulted in the death of three Indian seafarers on Wednesday. "Spoke to US Secretary of State Marco Rubio this evening. I reiterated India's strong protest at the attacks by the US Navy in the Gulf that killed three Indian mariners," Jaishankar said. India summoned the Charge d'Affaires of the US Embassy in New Delhi to lodge its protest on the matter. Earlier, US President Donald Trump accused Iran of carrying out drone attacks against Indian ships leaving the Strait of Hormuz, saying it was "totally unacceptable." "Their (Iran's) totally rebuffed Drone attack last night against

Downed Iranian drones targeting ships in Strait of Hormuz: US Navy

The US Navy said it has downed multiple one-way attack drones launched by Iran to target commercial ships transiting the Strait of Hormuz. "Iran launched multiple one-way attack drones in an attempt to strike commercial ships transiting the Strait of Hormuz," the US Central Command said in a post on X late Friday evening. It said US forces downed all of them in recent hours, and traffic flow through the strait continues unimpeded. "The international trade corridor remains open for transit," the CentCom said. The CentCom said US forces continue to strictly enforce a blockade against Iran, redirecting 139 compliant commercial ships and disabling nine non-compliant ships. In the past week, at least three ships with Indian seafarers onboard have been targeted by US forces, resulting in the deaths of three mariners. India lodged a strong protest with the US, asserting that such lethal actions against commercial ships were not justified. External Affairs Minister S Jaishankar spoke to

Trump accuses Iran of attacking Indian ships; Tehran rejects charge

US President Donald Trump on Friday accused Iran of carrying out drone attacks against Indian ships leaving the Strait of Hormuz, describing the alleged action as "totally unacceptable", while Tehran rejected the charge as "baseless". Three vessels with Indian crew came under attack off the Oman coast this week. One of them resulted in the death of three Indian seafarers on Wednesday. "Their (Iran's) totally rebuffed Drone attack last night against Indian Ships leaving the Hormuz Strait is TOTALLY UNACCEPTABLE," Trump claimed in a post on Truth Social. In the same post, Trump also accused Iran of leaking the terms of the peace deal to the media that had nothing to do with the points under discussion. Iran vehemently rejected Trump's allegation. "The US president's accusation against Iran regarding an Indian vessel in the Strait of Hormuz is simply baseless," the Iranian Embassy in India said in a social media post late Friday night. "It is an attempt to divert public attention fr