Page 80 - Israel Iran Conflict

India seeking US marine cover for West Asia energy cargoes: Report

India, the world's third biggest oil importer, relies on the Middle East for about 40 per cent of its oil imports and about 85-90 per cent of LPG imports

Iran's attacks across Gulf show regional chaos central to its strategy

For years, Iran's theocratic government warned it would blanket the Middle East with missile and drone fire if it felt its existence was threatened. Now, the Islamic Republic is doing just that. Since the US and Israel launched the war Saturday and killed Iranian Supreme Leader Ayatollah Ali Khamenei, Iran has unleashed thousands of drones and ballistic missiles targeting Israel, American military bases and embassies in the region, and energy facilities across the Persian Gulf. Meanwhile, there's been Iranian missile fire on Turkey and drones targeting territory of Azerbaijan. Iran's basic strategy is to instill fear about the dangers of a widening war in hopes that allies of the US will apply enough pressure to halt their campaign. A protracted conflict, along with American and Israeli casualties, could also work in Iran's favour. Trouble is, the barrage-thy-neighbours strategy also could backfire. A bid to wear down regional defences and instill ...

Prolonged Iran conflict may hit corporate earnings in India: Report

'We expect some downside risk to corporate earnings, especially if the conflict lasts longer than a few weeks,' the report said on Thursday

India signs condolence book for Ayatollah Khamenei at Iranian Embassy

The signing of the condolence book the Embassy of Iran marked New Delhi's first official gesture following the death of the Iranian leader

Iran has not approached Russia for arms supplies, says Kremlin

Kremlin says Iran has not sought Russian arms, even as Moscow condemns US-Israeli strikes and deepens strategic, nuclear and defence cooperation with Tehran

Goldman Sachs warns Iran conflict could slow global growth, stoke inflation

Under its baseline forecast, Goldman expects oil prices to increase a bit further before moderating to $76 per barrel on average in the first quarter of 2026 and $65 in the fourth quarter

Russia accuses US, Israel of dragging Arab nations into wider West Asia war

Russia's Foreign Ministry, in a statement on Thursday, accused the U.S. and Israel of deliberately trying to draw Arab Gulf states into a wider conflagration

SpiceJet to operate 13 special flights from UAE today amid ongoing conflict

SpiceJet will operate 13 special flights from the UAE on Thursday to facilitate the return of passengers stranded due to the Middle East conflict. "Of the 13 flights, 12 will operate from Fujairah and 1 will operate from Dubai. The airline will operate seven special flights to Mumbai, five special flights to Delhi and one special flight from Dubai to Mumbai," it said in a statement on Thursday. On Tuesday and Wednesday, the airline said it operated 12 special flights from Fujairah to Delhi, Mumbai and Kochi. The escalating conflict involving the US, Israel and Iran in the Middle East have significantly disrupted flight operations, leaving a large number of passengers stranded in various cities.

Rice exporters seek urgent relief as Iran crisis disrupts exports, shipping

Rice exporters have sought urgent government support to mitigate the impact of shipping disruptions triggered by the Iran crisis and instability across key maritime routes, according to a representation submitted by the Indian Rice Exporters Federation (IREF). The Federation, in its representation to the Agricultural and Processed Food Products Export Development Authority (APEDA), said exporters are facing an acute shortage of containers, suspension or cancellation of vessel calls to the Middle East, and sharply higher logistics costs. International freight rates have risen by an estimated 15-20 per cent, while war-risk surcharges and insurance premiums for Gulf-bound shipments have increased significantly. Bunker fuel costs have also climbed, with marine fuel oil prices rising to around USD 580 per tonne from about USD 520, it said. The disruptions have also weighed on domestic prices, with basmati rice prices falling about 7-10 per cent in the past 72 hours, intensifying ...

Azerbaijan accuses Iran of drone attack, says 2 civilians injured

Azerbaijan's Foreign Ministry on Thursday accused Iran of carrying out a drone attack against its exclave of Nakhchivan. One drone crashed near the airport in Nakhchivan and another one near a school, the ministry said in a statement. Two civilians were injured, the ministry said. Iran has not acknowledged targeting Azerbaijan, but its attacks have spread erratically as the war has gone on involving regional countries and beyond.

War with Iran to cost $3 bn a week under current limitations: Israel

The ongoing war with Iran could cost Israel an estimated NIS 9.4 billion (USD 3 billion approximately) per week under current restrictions on economic activities, the Israeli Finance Ministry has warned. "In a letter sent to the Home Front Command chief, Maj. Gen. Shai Klapper, Finance Ministry Director General Ilan Rom asked to ease restrictions to allow for a gradual, partial reopening of businesses and workplaces as early as Thursday," the Times of Israel reported. "There is no dispute about the need to preserve a defence policy adapted to the security situation, but at the same time, shutting down the economy on a broad scale carries heavy economic costs," Rom warned. "We need a solution that addresses both the security needs of the Home Front and the needs of the economy, after two and a half years in which the economy has been paying a heavy economic price in light of the increase in security needs and the repercussions of the war," the top Finance Ministry executive reportedl

Adani Total Gas hikes industrial prices amid conflict in West Asia

As a result of the attacks on Iran and Tehran's retaliatory strikes, transit through the Strait of Hormuz between Iran and Oman, ‌which carries around one-fifth of oil consumed globally

Iran war may disrupt chemical supply chains; stay stock selective: Emkay

Iran-Israel-US war may disrupt chemical supply chains and raise prices, says Emkay Global. Brokerage advises investors to pick chemical stocks with lower Middle East exposure

Iran war may disrupt H-1B travel, jobs: What US visa holders must know

Immigration attorneys warn war-linked travel disruption may strand foreign workers, delay visa stamping and create status risks for H-1B and L-1 professionals

Israel-Iran conflict: Who are the Kurds and why are they in focus again

Spread across Turkey, Iran, Iraq and Syria, the Kurds are the world's largest stateless ethnic group. Their long struggle for autonomy now intersects with rising geopolitical tensions

What is force majeure and why are global energy firms invoking it now

As tensions in West Asia disrupt oil and LNG flows through the Strait of Hormuz, Indian energy firms are invoking force majeure clauses to suspend contractual obligations amid rising maritime risks

West Asia crisis may hit trade, LNG supply if disruption persists: Crisil

A prolonged war in the Middle East could adversely affect several Indian sectors with direct trade exposure to the region, including basmati rice, fertilisers, diamond polishing, airlines and travel operators, according to Crisil Ratings. The rating agency said sectors dependent on imported Liquefied Natural Gas (LNG), such as ceramics and fertilisers, may also face near-term production disruptions, while crude-linked industries including oil refiners, tyres, paints, specialty chemicals, flexible packaging and synthetic textiles could see cost pressures if energy prices remain elevated. Countries in the Middle East account for about 30 per cent of global crude oil and 20 per cent of global LNG production, most of which is transported through the Strait of Hormuz. India imports roughly 85 per cent of its crude oil and about half of its LNG, with 40-50 per cent of crude oil and 50-60 per cent of LNG shipments routed through the strait. According to Crisil, most shipping vessels have .

L&T up 3% after 9% fall amid West Asia crisis; brokerages retain 'Buy' call

Analysts believe that in the near term, execution can be impacted by supply chain disruption, while in the long term; the company has adequate risk management in place for existing contracts.

Middle East tensions threaten oil, trade flows for India as crude jumps 8%

With nearly 9 mn Indians residing in the Middle East - contributing 38% of India's total remittances - the region holds strategic importance for India.