Middle East

Houthis say Saudi-led airstrikes kill 13 at crowded market in Yemen

Houthi officials said Saudi-led airstrikes killed 13 people in northern Yemen, while fighting intensified in Taiz and Israeli strikes left one dead in Gaza.

India's GDP to grow 7.1-7.3% in FY27, pvt investment to revive: Deloitte

Deloitte India has raised its FY27 growth forecast from 6.5-6.8 per cent, citing sustained private demand and improving investment conditions, while flagging geopolitical risks.

EU-GCC summit in Saudi Arabia postponed amid Houthi missile attacks

The EU and Gulf Cooperation Council have postponed their October 24 summit in Riyadh amid Houthi attacks on Saudi Arabia, with a new date yet to be announced.

Global turmoil may mean multiple routes for IMEC to keep trade resilient

Gerard Mestrallet says IMEC needs agility and multiple routes to account for contingencies that could choke parts of the trade network connecting three continents

India so far successfully navigated crude supply disruption, says Puri

"So far we have navigated that uncertainty. In fact, I would say we have insulated ourselves from the turbulence," Puri said while speaking about the country's energy security

Saudi calls attempted Mecca attack a 'red line', Houthis deny any role

Saudi Arabia accused Yemen's Iran-backed Houthi rebels overnight of trying to attack Islam's holiest city, prompting condemnation from countries in the region but no sign of military support. The kingdom, a key US ally, declared Mecca a "red line" as it slid deeper into the new front of the Iran war. With the world's biggest oil exporter under fire from the rebels backed by the Saudis' regional adversary, Tehran, the kingdom needs a safe outlet for its crude as well as military support. However, a path to either one remains unclear. A crucial Saudi pipeline has reportedly been shut down for weeks as the Yemen-based Houthis have been attacking infrastructure in the kingdom as well as its shipping on the Red Sea. Iran is still targeting ships in the Strait of Hormuz. Oil prices remain above USD 100 a barrel. The Houthis denied firing drones toward Mecca, about 1,100 kilometres from Yemen's border. The Saudis said they intercepted and destroyed the drone before it entered the airspace

Oil shipments to India face delivery hurdles on Mideast snarls

State-run Bharat Petroleum Corp. had four Persian Gulf cargoes that weren't delivered on schedule in August, according to people familiar with the matter

US consumer sentiment drops by 4.2% in Aug as West Asia conflict drags on

US consumers' one-year inflation expectations rose to 4.3% in August from 4.2% in July as the Middle East conflict raised concerns over living costs.

2 UAE oil tankers attacked while sailing through Strait of Hormuz

The United Arab Emirates is blaming Iran for firing drones at two tankers operated by a state-owned oil company as they sailed through the Strait of Hormuz, saying Friday that the attacks were acts of piracy. The attacks caused no casualties but underlined the dangers faced by vessels seeking to move cargo through the critical waterway that leads from the Persian Gulf to the open oceans as Iran keeps a firm grip on the passage. Here's a look at the latest developments in the Iran war and the wider Middle East. Full coverage can be found here. 2 oil tankers hit by drones as they transited Strait of Hormuz ---------------------------------------------------------------------- Two tankers owned by Abu Dhabi's state-owned oil and gas company ADNOC were attacked Thursday evening while transiting the Strait of Hormuz, the company said. It added that the attack caused no injuries and that "the situation has been brought under control." The British military's United Kingdom Maritime Trade

Mediators report progress in US-Iran talks as regional tensions persist

Mediators have achieved progress in getting the United States and Iran back to negotiations, regional officials said Monday, after both sides paused attacks following a period of rapidly escalating tensions. But scattered attacks by armed groups across the region underscored the lingering tensions. Saudi Arabia said it had shot down drones fired by Iran-backed militias in Iraq that had targeted its petroleum facilities. Iran-backed Houthi rebels in Yemen meanwhile claimed to have attacked Saudi oil facilities as part of a separate but related conflict. It was unclear if they referred to the same attack. Two drone attacks were reported against a Kurdish Iranian dissident group in Iraq, and Jordan said it had shot down two drones, without saying where they originated. There were no reports of casualties or damage. Neither the US nor Iran reported carrying out any attacks for three days - a respite after about two weeks of sustained bombardments that had led to increasing fears of a ..

ASEAN top diplomats meet, voice 'serious concern' on Middle East hostility

ASEAN has no shortage of challenges closer to home and will on Tuesday hold a consultation on the conflict in Myanmar, as the bloc's peace initiative falters

Why Iran is opposing Oman’s new shipping route through the Strait of Hormuz

Oman has opened temporary shipping corridors through the Strait of Hormuz to restart global trade after months of disruption. But Iran says those routes cannot operate without Tehran's approval. Why d

Indian national dies of medical complications aboard vessel off Oman coast

The Embassy of India in Muscat on Saturday condoled his death and is making arrangements for the repatriation of his mortal remains in India

R R Kabel stock price zooms 46% in 1 month; hits new high in weak market

The W&C business remained the key growth driver, delivering strong growth across domestic and export markets with healthy profitability despite volatility and challenges due to recent global conflicts

West Asia conflict tests Wall Street firms' addiction to Mideast money

Private equity and asset managers are reassessing fundraising expectations from Gulf sovereign wealth funds as the Iran conflict triggers caution despite assurances from major Middle Eastern investors

Should India and the Gulf elevate their relationship to a strategic one?

Against a backdrop of broken alliances and misaligned interests, India's relationship with West Asia is fundamentally different

Iran conflict disruption weakens L&T's H1FY27 outlook after soft Q4

L&T reported weaker-than-expected Q4 FY26 results and warned that disruptions linked to the Iran conflict could weigh on execution and growth in H1FY27

West Asia conflict weighs on RIL's O2C margins despite strong revenue

Higher crude prices and fuel demand lifted revenue, but elevated costs and supply disruptions weighed on margins in Oil-to-Chemicals business

Gold eyes $5,000 amid US-Iran ceasefire hopes; analyst suggests buy on dips

Gold may rise to $5000 in the short term, though a sustainable extension of the ongoing rally, which has been in place from the cycle low of $4099, will call for an increase in the safe haven appeal