Page 63 - Israel Iran Conflict

West Asia war digest, March 10: Stories tracking the economic fallout

From crude spikes and market volatility to fertiliser, LPG and tech risks, here's a snapshot of Business Standard's coverage of how the West Asia conflict is rippling through India's economy

Why Kharg Island remains a critical red line in West Asia conflict

Kharg Island handles most of Iran's oil exports and is vital to its economy. Despite rising Israel-Iran tensions and strikes on other targets, the small Gulf island has remained untouched so far

Rupee rises as Asian markets catch a breather, importers keen to hedge

The currency was last up 0.15 per cent at 92.18, still close to its all-time low of 92.3475 hit in the previous session

Australia grants humanitarian visas to five Iranian female soccer players

Five players sought asylum after refusing to sing Iran's national anthem during a tournament in Australia

Democrats threaten to stall Senate until Trump admin explains Iran war

The Senate last week voted down a war powers resolution, which would have put curbs on Trump's abilities to use military force in Iran

Trump faces limited options to lower oil prices as Iran war continues

While US officials look for ways to ease oil shocks, experts say higher prices will likely persist until traffic through the Strait of Hormuz returns

Iran says China, Russia, France reached out to discuss possible ceasefire

Iran's deputy foreign minister said that many countries want a way for ceasefire discussions, but said any truce is possible only if the US and Israel stop attacks

Escalating West Asia conflict becomes world's latest economic hazard

US President Trump insists the conflict will be brief, but world leaders are preparing for severe economic blowback

West Asia war updates: LPG supply hit in India; Trump warns Iran on Hormuz

Rising tensions in West Asia are affecting LPG shipments to India; Trump warns Iran over the Strait of Hormuz as oil prices swing and fears of wider energy supply disruption grow

Asian airlines raise fares as West Asia conflict drives fuel costs

Airlines in the region aren't as well hedged against high oil prices as rivals in Europe or the US, making them more vulnerable to sudden surges in jet fuel prices

Australia to send spy aircraft, missiles to help UAE against Iranian attack

About 115,000 Australians are in the West Asia, including roughly 24,000 in the UAE, fueling unprecedented consular challenge

IRGC offers conditional free passage via Hormuz, vows to decide war's end

Iran's revolutionary guards say Arab and European countries that expel Israeli and US ambassadors will be granted full freedom to pass through the Strait of Hormuz, according to Iranian state media

Iranian attacks marks escalation; may impact bilateral ties: Saudi Arabia

Riyadh says Iranian strikes violate international law as UAE reports intercepting missiles and drones amid escalating regional tensions

Oil falls over 6% as Trump predicts de-escalation in West Asia conflict

Shortly after settlement, prices turned negative following news of a phone call between US President Donald Trump and Russian President Vladimir Putin

83 children killed amid escalating hostilities in Lebanon, says UNICEF

UN agency says dozens of children killed and hundreds injured as hostilities escalate and mass displacement spreads across Lebanon

Trump and Putin discuss Iran, Ukraine conflicts during telephone call

The conversation between the two focused on the Iran conflict and trilateral talks between Washington, Moscow and Kyiv aimed at settling the Ukraine conflict

War is 'very complete', says Trump, considers taking over Strait of Hormuz

US President claims major military success against Iran and says he is considering taking control of the strategic Strait of Hormuz to secure regional shipping routes and prevent any further threats

Buffalo meat exporters recall West Asia consignments amid spoilage fears

Saudi Arabia, Bahrain, Dubai and the UAE are the major destinations for Indian buffalo meat exports

Rising external uncertainties: Iran war can complicate economic management

Economists expect a CAD of about 1 per cent of the country's gross domestic product (GDP) this financial year. This could increase to about 1.5 per cent in 2026-27