Page 109 - Us Iran Tensions

Hotels warn LPG shortage could persist for month, urge govt to take steps

Industry bodies have warned that unless supply stabilises soon, the hospitality sector could face widespread operational disruptions in the coming weeks

Oil prices fall after IEA proposes largest oil stock release ever

Brent futures were ​trading down 23 cents, or 0.26 per cent ‌lower, at $87.57 ​a barrel ‌at 0023 GMT

Russia denies sharing US military asset data with Iran, says Witkoff

Witkoff said the denial came during ​a phone call that US President Donald Trump had with Russian President Vladimir ​Putin on Monday

Looking to help exporters on insurance front amid West Asia crisis: Goyal

Commerce and Industry Minister Piyush Goyal on Tuesday said the government is looking to extend help to exporters on the insurance front to help them deal with the ongoing West Asia crisis. He said an inter-ministerial group is keeping tabs on the developments on a daily basis and is interacting with exporters. The Customs department has come out with norms for dealing with export cargo returning to Indian ports due to the closure of the Strait of Hormuz and disruptions in maritime routes amid the West Asia crisis. "Similarly, we are looking for developing some new schemes like insurance support... We are consulting ECGC (Export Credit Guarantee Corporation) and other departments on that," Goyal told reporters here. He said the government is looking at ways to help exporters whose goods have been shipped but are facing problems. The government is monitoring the situation 24 hours, he added. Exporters are facing issues due to a joint attack launched by the US and Israel on Iran. I

Looking to help exporters on insurance front amid West Asia crisis: Goyal

Commerce and Industry Minister Piyush Goyal on Tuesday said the government is looking to extend help to exporters on the insurance front to help them deal with the ongoing West Asia crisis. He said an inter-ministerial group is keeping tabs on the developments on a daily basis and is interacting with exporters. The Customs department has come out with norms for dealing with export cargo returning to Indian ports due to the closure of the Strait of Hormuz and disruptions in maritime routes amid the West Asia crisis. "Similarly, we are looking for developing some new schemes like insurance support... We are consulting ECGC (Export Credit Guarantee Corporation) and other departments on that," Goyal told reporters here. He said the government is looking at ways to help exporters whose goods have been shipped but are facing problems. The government is monitoring the situation 24 hours, he added. Exporters are facing issues due to a joint attack launched by the US and Israel on Iran. I

US-Iran war puts ₹70,000 cr dent in LIC's portfolio; banks, L&T worst hit

Holdings in SBI, ICICI Bank and HDFC Bank accounted for more than one-fifth of the losses for Life Insurance Corporation of India; while L&T alone created a 11 per cent dent, shows ACE Equity data.

Trump weighs easing Russia sanctions, other measures to cool oil prices

Trump told reporters in Florida on Monday that his administration was lifting sanctions on some countries as part of efforts to stabilise the oil market, but declined to provide details

Trump weighs easing Russia sanctions, other measures to cool oil prices

Trump told reporters in Florida on Monday that his administration was lifting sanctions on some countries as part of efforts to stabilise the oil market, but declined to provide details

What is Essential Commodities Act invoked by govt amid LPG shortage?

The Centre has invoked the Essential Commodities Act to prioritise natural gas and LPG supply for domestic, industrial, and vehicular use amid global energy disruptions

Market Close: Sensex gains 640 pts, Nifty tops 24,260; Trump says Iran war may end soon; Oil down 9%

Sensex Today | Stock Market Highlights, Tuesday: The Nifty MidCap and the Nifty SmallCap indices were trading 1.62 per cent and 2.12 per cent higher, respectively.

State-run OMCs to boost LPG production to meet demand amid crunch

IOCL, BPCL, and HPCL have said that they are boosting LPG production and prioritising household supply after the Centre directed refineries to use all propane, butane, and other gas streams for LPG

LPG shortage shuts restaurants across cities; QSR, Eternal, Swiggy stks hit

QSR and food delivery stocks, including Jubilant FoodWorks, Devyani International & Eternal fell as LPG shortage forced restaurants and hotels to shut kitchens across cities like Mumbai and Bengaluru

US-Israel-Iran war: Where the conflict stands after 10 days of fighting

Ten days of strikes, naval deployments, fears over the Strait of Hormuz and oil market volatility have pushed the Iran conflict beyond the battlefield. Here's where the crisis stands now

Commercial LPG shortage: Stocks can last only 1-2 days, say TN Hotels

Restaurants across Tamil Nadu are staring at a bleak future with existing stock expected to last only for one or two days due to a lack of commercial LPG cylinder supply amid the West Asia conflict, hoteliers said on Tuesday. Some of the hotels and restaurants have already cut the number of food items offered in order to reduce the LPG use, officials said. "It is like a second COVID-19-enforced lockdown for us. We are cutting down on the usage of LPG cylinders. We have reduced the number of food items. For Dosa, tea or coffee, the stove should be receiving LPG supply non-stop. We have cut the number of items now and are providing food only in limited numbers," the chairman of a popular restaurant chain told PTI on condition of anonymity. To a query, he said, "We expect to run for one or two days with existing stock. If there is no supply of the commercial LPG cylinders, we have no other go than to close down operations. COVID-19 lockdown-like situation returning." Meanwhile, Sri .

Govt invokes Essential Commodities Act, prioritises natural gas allocation

Government issues Natural Gas (Supply Regulation) Order, 2026 prioritising supply to CNG, PNG and LPG production as LNG shipments face disruption due to conflict in West Asia

Govt invokes Essential Commodities Act, prioritises natural gas allocation

Government issues Natural Gas (Supply Regulation) Order, 2026 prioritising supply to CNG, PNG and LPG production as LNG shipments face disruption due to conflict in West Asia

West Asia war: Vietnam urges people to work from home to save fuel

Prices for gasoline in the Southeast Asian country have risen by 32 per cent, diesel by 56 per cent and kerosene by 80 per cent since the end of last month

West Asia war: Vietnam urges people to work from home to save fuel

Prices for gasoline in the Southeast Asian country have risen by 32 per cent, diesel by 56 per cent and kerosene by 80 per cent since the end of last month

From school closures to WFH: How Asia is tackling oil supply crunch

Countries across Asia are imposing fuel curbs, remote work and price caps as oil supply disruptions from the West Asia conflict trigger price volatility and threaten energy security

India to supply 5000 tonnes of diesel to Bangladesh amid fuel concerns

Earlier in the week, on Sunday, Bangladesh conducted drives to inspect the fuel stock situation, Bangladesh Energy Ministry said