Page 110 - Us-iran Tensions

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

Sri Lanka raises fuel prices over 8% as Iran war fuels panic buying

Sri Lanka has increased retail fuel prices by over 8 per cent with effect from midnight Monday in a bid to curb hoarding and panic buying amid rising global crude oil prices, officials said on Tuesday. The price revision comes as global crude oil prices crossed USD 100 per barrel for the first time in four years following escalating tensions in West Asia. Under the latest revision, the prices of widely used petrol and diesel varieties have been increased by LKR 22 per litre, the state-run Ceylon Petroleum Corporation (CPC) said. The move is aimed at curbing hoarding and panic buying, it said. "We have noticed heavy consumption since the news of the Middle East war situation," a CPC official said. Long queues have been seen outside fuel stations since February 28 after hostilities intensified following US-Iran strikes against Iran, triggering fears of supply disruptions. The CPC said Sri Lanka currently has sufficient fuel stocks to last until the end of April.

Sri Lanka raises fuel prices over 8% as Iran war fuels panic buying

Sri Lanka has increased retail fuel prices by over 8 per cent with effect from midnight Monday in a bid to curb hoarding and panic buying amid rising global crude oil prices, officials said on Tuesday. The price revision comes as global crude oil prices crossed USD 100 per barrel for the first time in four years following escalating tensions in West Asia. Under the latest revision, the prices of widely used petrol and diesel varieties have been increased by LKR 22 per litre, the state-run Ceylon Petroleum Corporation (CPC) said. The move is aimed at curbing hoarding and panic buying, it said. "We have noticed heavy consumption since the news of the Middle East war situation," a CPC official said. Long queues have been seen outside fuel stations since February 28 after hostilities intensified following US-Iran strikes against Iran, triggering fears of supply disruptions. The CPC said Sri Lanka currently has sufficient fuel stocks to last until the end of April.

Trump's failure to understand Iran's leadership may give Tehran an edge

From Ukraine to Iran, Trump has repeatedly misjudged his adversaries - a pattern seen in past US wars that shows how underestimating rivals can reshape conflicts and prolong geopolitical crises

Trump's failure to understand Iran's leadership may give Tehran an edge

From Ukraine to Iran, Trump has repeatedly misjudged his adversaries - a pattern seen in past US wars that shows how underestimating rivals can reshape conflicts and prolong geopolitical crises

West Asia war digest, March 10: Stories tracking the economic fallout

From crude spikes and market volatility to fertiliser, LPG and tech risks, here's a snapshot of Business Standard's coverage of how the West Asia conflict is rippling through India's economy