Page 100 - Us-iran Tensions

Iran targets ships, Dubai airport, oil facilities amid rising economic woes

Iran fired upon commercial ships on Wednesday and targeted Dubai International Airport, escalating a campaign of bottling up the oil-rich Persian Gulf as global energy concerns mounted and American and Israeli airstrikes pounded the Islamic Republic. Iran's response to the surprise Israeli and US bombardment that started 12 days ago has upended trade routes, choked supplies of fuel and fertiliser coming out of the Gulf and threatened air traffic through one of the world's most-travelled regions. Both sides have dug in, hoping to outlast the other. Iran's new supreme leader, Ayatollah Mojtaba Khamenei, was wounded at the start of the war - on the day when his father and predecessor, Ayatollah Ali Khamenei, was killed in an Israeli airstrike, an Israeli intelligence assessment has found. An Israeli intelligence official and a reservist with knowledge of the assessment spoke on condition of anonymity because they were not authorised to discuss the matter with the media. They gave no ..

India ready to support oil markets after IEA agrees for record release

IEA's release is aimed at preventing a further rise in oil prices and is more than double the ​182 million barrels released in 2022 following Russia's invasion of Ukraine

Asian shares fall, oil prices surge again as Iran hits tankers near Hormuz

Iran had earlier stepped up attacks on merchant ships in the Strait of Hormuz, telling the world to get ready for oil at $200 a barrel

Asian shares fall, oil prices surge again as Iran hits tankers near Hormuz

Iran had earlier stepped up attacks on merchant ships in the Strait of Hormuz, telling the world to get ready for oil at $200 a barrel

177 Indians return from Lebanon; 500 depart Qatar amid West Asia conflict

According to the Indian Embassy in Beirut, the first batch of 177 Indian nationals was repatriated to New Delhi on a charter flight arranged by their employer on Wednesday

177 Indians return from Lebanon; 500 depart Qatar amid West Asia conflict

According to the Indian Embassy in Beirut, the first batch of 177 Indian nationals was repatriated to New Delhi on a charter flight arranged by their employer on Wednesday

Air India, Air India Express to operate 58 flights to West Asia today

The two carriers will also operate their respective scheduled services to and from Jeddah and Muscat with a total of 10 flights to and from Jeddah, and 08 scheduled flights to and from Muscat

Air India, Air India Express to operate 58 flights to West Asia today

The two carriers will also operate their respective scheduled services to and from Jeddah and Muscat with a total of 10 flights to and from Jeddah, and 08 scheduled flights to and from Muscat

US to permanently close Peshawar consulate near Afghan border, citing costs

The State Department will permanently close the US consulate in Peshawar, Pakistan, which has been America's closest diplomatic mission to the Afghan border and was a primary operations and logistics point before, during and after the 2001 invasion of Afghanistan. The department notified Congress this week of its intent to close the consulate and said it would save USD 7.5 million per year, while not adversely affecting its ability to advance US national interests in Pakistan, according to a copy of the notification obtained by The Associated Press on Wednesday. The move has been under consideration for more than a year since the Trump administration began downsizing nearly all federal agencies and is not related to the Iran war, which has sparked protests in various Pakistani cities, including Karachi and Peshawar, where the US consulates temporarily suspended operations. The administration's cuts to the State Department last year included the dismissal of several thousand diplomat

Iran govt not at risk of imminent collapse despite ongoing war: US intel

US intelligence reports indicate that the IRGC and the interim leaders who assumed power after Khamenei's death retain control of the country

Iran govt not at risk of imminent collapse despite ongoing war: US intel

US intelligence reports indicate that the IRGC and the interim leaders who assumed power after Khamenei's death retain control of the country

Nomura cuts India FY27 GDP forecast to 7% amid West Asia conflict

Tensions in West Asia, if sustained, could test the goldilocks mix of robust growth and stable inflation, Nomura said in a recent note.

Iran warns oil could hit $200 a barrel amid threat of continuous strikes

"We won't allow even one litre of oil to reach the US, Zionists (Israel) and their partners. Any vessel or tanker bound to them will be a legitimate target," Ebrahim Zolfaqari said

India's low energy stockpiles pose risk amid West Asia conflict: S&P

S&P Global Ratings warns India's limited strategic energy reserves and heavy import dependence heighten vulnerability to supply disruptions in West Asia

IRCTC shares fall on reports of halting train catering amid LPG shortage

IRCTC shares slipped nearly 3 per cent intraday after reports suggested the company may temporarily halt cooked meal services on trains due to LPG shortages caused by supply disruptions in West Asia

Moody's warns of margin, cash-flow pressures for Indian fuel retailers

State-owned fuel retailers Indian Oil Corporation (IOC), Bharat Petroleum Corporation Ltd (BPCL) and Hindustan Petroleum Corporation Ltd (HPCL) absorbing the impact of elevated global energy prices will lead to heightened margin and cash-flow volatility, Moody's Ratings said on Wednesday. "Domestic retail prices of fuels have remained largely steady since April 2022, despite swings in global oil and gas prices and the country's high dependence on imports," Moody's said in a note. "The companies will bear rising input costs from higher energy prices without corresponding increases in selling prices because the government's influence over retail pricing prevents timely cost pass-throughs." The three firms control nearly 90 per cent of retail fuel outlets in the country. Global benchmark Brent crude rose sharply and hit a high of USD 119 per barrel on March 9 before settling just under USD 90 the following day, reflecting a heightened geopolitical risk premium. However, retail pump r

IRCTC may temporarily halt cooked meals on trains amid LPG supply crunch

IRCTC may pause cooked meal services on trains due to an LPG supply shortage arising out of the conflict in West Asia. It has directed kitchens to use alternate methods to meet demand

Iran conflict may pressure cash flows of OMCs, GAIL: Fitch Ratings

Fitch says Indian oil marketing companies and GAIL could face cash flow pressure if disruptions linked to the Iran conflict persist, though government support may cushion credit profiles

West Asia conflict: Bengaluru LPG consumers engage in panic booking

Panic enquiries for domestic LPG cylinders have risen at several gas agencies in Bengaluru in the past few days amid concerns over supply disruptions due to the widening West Asia conflict, though dealers said on Wednesday that stocks are adequate as of now. However, there is an acute shortage of commercial LPG cylinders, forcing several hotels and restaurants in the city to operate under strain, an LPG dealer told PTI. Hotel and restaurant owners reiterated that they would be forced to shut down once their stock is exhausted. A representative of Indane distributor, Sri Giridhar Agencies, said there has been no disruption in the supply of LPG cylinders for domestic use. "Every day we have been receiving loads. There is no disruption in supply. However, we have been getting numerous panic calls from customers enquiring whether there is sufficient stock. Calls for bookings have also gone up," the representative, who did not wish to be identified, said. He assured customers that adeq

Iran's joint military command says banks now major target in West Asia

A joint Iranian military command said on Wednesday that banks and financial institutions are now a target in the Middle East. The Khatam al-Anbiya Headquarters issued a statement identifying the targets. It came after Iranian media reported staff at a bank in Tehran had been killed in Israeli-American airstrikes. The threat would put at risk, particularly Dubai, in the United Arab Emirates, which is home to many international financial institutions, as well as Saudi Arabia and the island kingdom of Bahrain.