Page 73 - Israel Iran Conflict

Short-term oil spike 'small price' for ending Iran's nuclear threat: Trump

Trump's remarks to assuage the fears come after oil prices surged past $100 per barrel on Sunday--first time crossing the mark since the Russia-Ukraine conflict began in 2022

Air India to run 32 special flights today from UAE amid West Asia crisis

Air India and Air India Express move to bring stranded travellers home while maintaining flights to Jeddah and Muscat

Iran will not bow to pressure from US and Israel, says President Pezeshkian

Israel has struck southern Lebanon, Beirut and an oil storage facility in Tehran as the war in the Middle East keeps escalating, and Prime Minister Benjamin Netanyahu promised "many surprises" for the next phase of the conflict. Iran also hit a desalination plant in Bahrain. Iran's Foreign Minister Abbas Araghchi said a U.S. airstrike damaged an Iranian desalination plant on Qeshm Island, warning that in doing so "the U.S. set this precedent, not Iran." Such infrastructure is critical for drinking water supplies in the parched deserts of the Gulf. An Israeli attack on an oil storage facility in Tehran sent up pillars of fire that could be seen in Associated Press video as a glow against the Saturday night sky. It appeared to be the first time a civil industrial facility has been targeted in the war. The conflict has rattled global markets, disrupted air travel and left Iran's leadership weakened by hundreds of Israeli and American airstrikes. Here is the latest: Israel's army chie

IDF conducts strikes in Lebanon, eliminates 5 senior IRGC commanders

The IDF said that these IRGC commanders were eliminated in the Roaring Lion Operation

Dollar hits three month high as US-Iran war pushes oil past $100 a barrel

The dollar ​was up 0.8 per cent to $1.1525 on the euro, its highest since November, and rose almost 0.4 per cent to 158.48 ‌yen early in the Asia session

US orders non-essential diplomats to leave Saudi Arabia amid Iran war

The move is the first time the agency has approved an 'ordered departure' since the first strikes in Iran on Feb 28

West Asia war: 45K Indian containers stuck; export costs increase fivefold

Exporters stare at either a diversion in routes, or a U-turn to India

Indian airlines cancel 279 international flights amid West Asia crisis

Indian airlines cancelled 279 international flights on Sunday due to the ongoing situation in the Middle East. The escalating conflict in the region involving the US, Israel and Iran has significantly disrupted flight operations due to airspace closures and restrictions. The civil aviation ministry on Sunday said that due to the ongoing situation in the Gulf, flight operations have been impacted across several sectors. "A total of 49 flight operations were scheduled today by Indian domestic carriers from West Asia to India. As on 8 March, 279 flights scheduled to be operated today by Indian domestic carriers have been cancelled," the ministry said in a post on X. An official said that a total of 66 flights, including 34 departures and 32 arrivals, were cancelled at the Mumbai airport on Sunday. Delhi airport operator DIAL said that due to the current geopolitical developments in the Middle East, some west-bound international flights may experience delays or schedule ...

West Asia crisis: Oil market chaos to deepen as more Gulf giants cut output

For oil analysts, executives and traders, that has meant ever-louder warnings that the war is bringing crude to a tipping point, and closer to the psychological $100-a-barrel threshold

'Designed to wreak havoc': Cheap drones are shaping war with Iran

The fast-innovation style is more familiar to Silicon Valley than to the Pentagon. The lower-cost drones reaching the battlefield range in size, cost and abilities

Pakistan, Saudi Arabia discuss joint measures to counter Iranian attacks

Munir and Saudi's defence minister discussed the gravity of the security situation accruing from Iranian drone and missile attacks on the Kingdom and joint measures needed to halt them

US offers $20 bn reinsurance plan to revive shipping in Strait of Hormuz

The strait carries about a fifth of global oil flows, as well as gas, fertilizer and other products

Iran picks new supreme leader but withholds identity as war intensifies

Israel hits Tehran oil facilities, Netanyahu vows 'surprises' in next phase of conflict

StatsGuru: West Asia conflict threatens India's stakes in the region

As the Israel-Iran conflict escalates, India's deep trade, energy and remittance links with West Asia highlight the economic stakes

Gold poised for volatile week as West Asia tensions roil markets: Analysts

Gold prices are expected to remain volatile next week as investors track geopolitical developments in the Middle East and key macroeconomic data releases that could shape the sentiment in the domestic market, analysts said. "Focus will again be on the developments in the Middle-East and further escalation would be positive for gold prices, but a sign of de-escalation may trigger sharp selling," Pranav Mer, Vice President, EBG - Commodity & Currency Research, JM Financial Services Ltd, said. Mer added that silver is also undergoing a consolidation phase but remains highly volatile. "Silver too is passing through a consolidation phase but trading with high volatility as gains are capped by consolidative moves in gold and industrial metals like Copper and Zinc," he said. During the past week, bullion futures witnessed sharp movements in the domestic market. On the Multi Commodity Exchange, silver plunged Rs 14,359, or 5.08 per cent, while gold slipped Rs 470, or 0.3 per cent. "Gold .

Air India adds flights to Europe, North America as West Asia unrest grows

Air India will add 78 flights to Europe, North America and South Asia as the Israel-Iran conflict restricts West Asia airspace and forces airlines to reroute or cancel services

Donald Trump tells Britain he does not need its help to win Iran war

In a post on Truth Social, Trump said he "will remember" the lack of British support during the conflict with Iran

Iran attacks breach international law, says Swiss Defence Minister

Pfister said he was referring to all the countries not complying with the prohibition on violence, including the United States and Israel

India taps alternative crude oil supplies as West Asia conflict drags on

Indian refiners have begun negotiating for additional crude cargoes from the US, Russia and West Africa to ensure supplies remain adequate in the event of the Middle East conflict drags on for a longer period, industry officials and analysts said. Refineries, which convert crude oil into fuels like petrol and diesel, have deferred planned maintenance shutdowns and are maintaining normal processing rates to create buffers that could meet the country's requirement in the near term, they said. India imports about 88 per cent of its crude oil requirement, with roughly half of those supplies in February passing through the Strait of Hormuz, the narrow sea lane between Iran and Oman that serves as a key energy transit route for global markets. The recent military strikes by the United States and Israel on Iran, and Tehran's retaliatory attacks on US bases in neighbouring countries as well as Israel, have sharply escalated tensions in the region, leading to a near halt in tanker movements

Israeli strikes kill 12 in Lebanon, Iran hits Bahraini desalination plant

Israel has struck southern Lebanon and Beirut again early Sunday and killed 12 more people, the Lebanese health ministry said, as the war in the Middle East keeps escalating. Israeli officials said the strikes targeted commanders of the Lebanese branch of Iran's Revolutionary Guards' Quds Force, after Prime Minister Benjamin Netanyahu promised "many surprises" for the next phase of the conflict. Meanwhile, two border guards in Kuwait were killed when a swarm of missiles and drones hit the Gulf country. On Saturday, an Israeli attack hit an oil storage facility in Tehran, which sent up pillars of fire that could be seen in Associated Press video as a glow against the night sky. It appeared to be the first time a civil industrial facility has been targeted in the war. The war, which erupted on Feb 28 after joint US-Israeli strikes hit Iran, has so far killed at least 1,230 people in the Islamic Republic, more than 300 in Lebanon and around a dozen in Israel, according to officials.