Page 87 - Israel Iran Conflict

Indian airlines resume limited flights from West Asia: Details here

Following widespread cancellations triggered by military strikes on Iran, airlines begin phased operations, prioritising relief flights and stranded travellers

Ensuring safety of 10 million Indians in Gulf 'utmost priority', says MEA

MEA says safety of nearly 10 million Indians in the Gulf is of utmost priority as the West Asia conflict escalates; PM Modi engages regional leaders amid rising tensions

West Asia conflict: Govt forms panel for supply chain resilience

The committee, comprising officials from the FM, MEA, shipping ministry and oil ministry, is expected to ensure coordination among departments and engage with export promotion councils

India 'well stocked' with crude oil to meet supply disruptions: Puri

India holds around 25 days of crude and petroleum products and may diversify crude sourcing as the Strait of Hormuz faces disruptions, Oil Minister Puri said

West Asia crisis: 33 flights operate on Tuesday; more planned Wednesday

Indian carriers were planning to operate 58 flights on Wednesday, including 30 by IndiGo and 23 by Air India and Air India Express, subject to operational considerations

Iraq starts shutting major oil fields as Hormuz crisis halts exports

The oil-market's worst fears have been realised this week after Hormuz all-but closed to shipping because of the Iran war

Dow drops 1.8% as global stocks slide, oil leaps as Iran war intensifies

A sell-off for stocks is slamming Wall Street after careening from Europe and Asia, and oil prices are leaping even higher as rise that the war with Iran is widening and may do more sustained damage to the economy than feared. The S&P 500 dropped 1.6% in early trading on Tuesday. The Dow Jones Industrial Average sank 880 points, or 1.8%, and the Nasdaq composite lost 1.8%. Crude oil prices jumped more than 8% as Iran struck the US Embassy in Saudi Arabia, part of a widening of targets that's also including areas critical to the world's oil and natural gas production. Treasury yields rose.

Drugmakers may review shipment schedules to West Asia if conflict drags on

Indian drugmakers are reviewing shipment schedules and inventories for West Asia as escalating tensions threaten sea and air routes, raising freight costs and risking supply delays

Govt has set up inter-ministerial group to monitor West Asia crisis: Goyal

The government has set up an inter-ministerial group, which is meeting daily to closely monitor developments in West Asia, Commerce minister Piyush Goyal said on Tuesday. Exporters have expressed apprehensions that escalating tensions in the West Asian region due to joint attacks by the US and Israel on Iran may impact India's trade. "We have set up an inter-ministerial group that meets on a daily basis and is closely monitoring the developments in West Asia to assess any vulnerabilities -- in our shipping, logistics, export or even critical imports, and we will coordinate with inter-ministerial actions," Goyal said while addressing a post-Budget webinar. During the first meeting of the group on Tuesday, he said, different ministries have suggested certain things. "We shall work on those and continue to look for your valued suggestions in the Ministry of Commerce so that we can ensure the minimal impact of the West Asia crisis," he added.

'Too late' to talk now: Trump as US-Israel strikes on Iran continue

Trump said Tehran's air defence, air force, navy, and leadership had been effectively dismantled, adding that any effort to reopen negotiations was "too late"

Putin in contact with Gulf leaders to facilitate de-escalation: Kremlin

Russian President Vladimir Putin is making all possible efforts to de-escalate the crisis in the Gulf and is in close contact with the regional leaders as Iran is retaliating with massive strikes on the US facilities and infrastructure on their territories, the Kremlin said on Tuesday. The US and Israel launched joint strikes against Iran on Saturday, assassinating 86-year-old Supreme Leader Ayatollah Ali Khamenei, alongside family members, including his daughter and grandchildren. Since then, Iran has targeted multiple US bases in the surrounding Gulf States. "Putin will certainly make every effort to facilitate at least a minor easing of tensions. In this regard, we discussed with virtually all of our interlocutors yesterday," the Kremlin spokesman Dmitry Peskov said. "Taking advantage of the dialogue we maintain with the Iranian leadership, (President) Putin will convey his deep concern regarding the strikes on their infrastructure to our colleagues in Iran," he added. According

West Asia crisis: PM Modi speaks to Sultan of Oman, Crown Prince of Kuwait

Prime Minister Narendra Modi on Tuesday spoke to Sultan Haitham bin Tarik of Oman and Crown Prince of Kuwait Sheikh Sabah Al-Khaled Al-Hamad Al-Mubarak Al-Sabah, and expressed concern over attacks on their countries during the ongoing conflict in West Asia, officials said. In his telephonic conversations, Modi also discussed with the two leaders the welfare and security of the Indian community residing there. "The prime minister spoke to two important leaders from the Gulf region on Tuesday afternoon. He had a phone call with the Sultan of Oman, Sultan Haitham bin Tarik, and also had a conversation with the Crown Prince of Kuwait, Sheikh Sabah Al-Khaled Al-Hamad Al-Mubarak Al-Sabah," an official said. During his talks with the two leaders, Modi expressed concern over the attacks in their respective countries and discussed the welfare and security of the Indian community residing there. The phone calls took place in the wake of a coordinated offensive launched against Iran by the ..

Air cargo agents seek waiver of demurrage charges amid West Asia crisis

ACAAI urges Civil Aviation Ministry to direct cargo terminal operators to waive demurrage as export consignments remain stranded due to West Asia airspace curbs

China refiners cut runs as war with Iran halts West Asia crude shipping

The world's biggest oil importer, China sources roughly half its crude from the Middle East

India has enough fuel stocks to meet demand for up to eight weeks

India holds sufficient crude and fuel inventories to meet domestic demand for petrol, diesel, and other fuels for six to eight weeks, top government sources said, cushioning the country against any short-term supply disruption amid escalating military conflict in West Asia. About half of India's crude and LPG imports transit the Strait of Hormuz - the key energy chokepoint that has seen disruptions following US and Israeli attacks on Iranian government, military and nuclear facilities. Iran warned shipping away from the strait, and insurers withdrew coverage, effectively halting tanker movements. A top oil ministry official, who wished not to be named, said the government is monitoring the situation "on a daily and hourly basis" and is confident of navigating through the crisis that by some estimates may last a week or ten days. While the country has crude oil stocks to last 25 days and fuel to last a similar duration, contingency plans - including using stockpile in strategic ...

Oil prices keep climbing as expanding conflict heightens supply risks

US West ‌Texas Intermediate crude gained $5.31, or 7.5 per cent , to $76.54 after hitting its highest since June at $77.53

India eyes alternative energy supplies amid Strait of Hormuz disruption

Indian refiners process about 5.6 million barrels per day of crude, with about 40 per cent of their crude imports passing through the Strait of Hormuz

Ukraine to Iran: How modern war is altering the math of defence production

Modern conflicts are shifting arms production from exclusive high-end weapons to scalable, affordable systems that are built for sustained warfare

Remain indoors: Indian embassy in Iran issues advisory to Indian nationals

India on Tuesday advised its nationals in Iran to exercise utmost caution and remain indoors as far as possible as the security situation in the Persian Gulf nation deteriorated in view of fresh military strikes by the US and Israel. "In view of the developing situation, all Indian nationals in Iran are advised to exercise utmost caution, avoid unnecessary movements and remain indoors as far as possible," the Indian embassy in Tehran said in a fresh advisory. "Indians may also continue to monitor the news, maintain situational awareness and await any further guidance from the Embassy of India," it said. Around 9,000 Indians, including students, are learnt to be stuck in Iran.