Page 116 - Us-iran Tensions

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.

India's Russian oil purchases helping stabilise markets: US ambassador

US Ambassador Sergio Gor said India's ongoing Russian oil purchases are helping stabilise global oil markets amid volatility triggered by the escalating West Asia conflict

Bank stocks fall as Iran war fuels inflation fears, Nifty Bank drops 2%

Banking stocks witnessed a sharp decline today as West Asia conflict raised oil-linked inflation risks. Nifty Bank index fell 1.8 per cent on the NSE led by Axis Bank, HDFC Bank, and ICICI Bank

4 injured after Iranian drones hit near Dubai Airport; operations continue

Two Iranian drones hit near Dubai International Airport on Wednesday, wounding four people, though flights continue, authorities said. The Dubai Media Office, which issues statements on behalf of the city-state's government, said the attack caused "minor injuries to two Ghanaian nationals and one Bangladeshi national, and moderate injuries to one Indian national." It said flights continued. Dubai International Airport, home to the long-haul carrier Emirates, is the world's busiest for international travel. Authorities have been trying to build up their flight schedule, though the airport has been targeted in the war.

4 injured after Iranian drones hit near Dubai Airport; operations continue

Two Iranian drones hit near Dubai International Airport on Wednesday, wounding four people, though flights continue, authorities said. The Dubai Media Office, which issues statements on behalf of the city-state's government, said the attack caused "minor injuries to two Ghanaian nationals and one Bangladeshi national, and moderate injuries to one Indian national." It said flights continued. Dubai International Airport, home to the long-haul carrier Emirates, is the world's busiest for international travel. Authorities have been trying to build up their flight schedule, though the airport has been targeted in the war.

Speculation rises over Iran's new Supreme leader Mojtaba Khamenei's health

Speculation over the health of Iran's Supreme Leader Ayatollah Mojtaba Khamenei grew Wednesday after the son of Iran's president mentioned hearing news about him "being injured". Mojtaba, 56, is the son of the late Supreme Leader Ayatollah Ali Khamenei. He long has been a secretive figure within Iran. His father and wife both were killed in an Israeli airstrike Feb 28 that started the war. Mojtaba has not been seen since, nor has he given any statement since becoming supreme leader on Monday. In an overnight post on the app Telegram, Yousef Pezeshkian, the son of President Masoud Pezeshkian, wrote: "I heard news about Mr Mojtaba being injured. I asked friends who were in contact. They said, thank God, he is healthy and there is no problem." He did not elaborate.

Speculation rises over Iran's new Supreme leader Mojtaba Khamenei's health

Speculation over the health of Iran's Supreme Leader Ayatollah Mojtaba Khamenei grew Wednesday after the son of Iran's president mentioned hearing news about him "being injured". Mojtaba, 56, is the son of the late Supreme Leader Ayatollah Ali Khamenei. He long has been a secretive figure within Iran. His father and wife both were killed in an Israeli airstrike Feb 28 that started the war. Mojtaba has not been seen since, nor has he given any statement since becoming supreme leader on Monday. In an overnight post on the app Telegram, Yousef Pezeshkian, the son of President Masoud Pezeshkian, wrote: "I heard news about Mr Mojtaba being injured. I asked friends who were in contact. They said, thank God, he is healthy and there is no problem." He did not elaborate.

How a 1953 CIA-backed coup set Iran and the US on today's collision course

Today's Iran-US confrontation traces back to a Cold War coup, oil politics and the 1979 revolution that transformed a strategic partnership into one of the world's longest geopolitical rivalries

How a 1953 CIA-backed coup set Iran and the US on today's collision course

Today's Iran-US confrontation traces back to a Cold War coup, oil politics and the 1979 revolution that transformed a strategic partnership into one of the world's longest geopolitical rivalries

India, Bangladesh urea firms shut operations as war disrupts LNG flow

LNG is the primary feedstock for urea production, serving as an energy source and a key input in making the world's most widely used fertilizer

India, Bangladesh urea firms shut operations as war disrupts LNG flow

LNG is the primary feedstock for urea production, serving as an energy source and a key input in making the world's most widely used fertilizer

Cargo ship ablaze in Hormuz after being hit by projectile: British military

A projectile hit a cargo ship Wednesday in the Strait of Hormuz, setting the vessel ablaze after the United States targeted Iranian minelaying vessels that could target the narrow mouth of the Persian Gulf. The United Kingdom Maritime Trade Operations centre, run by the British military, said the vessel had been hit just north of Oman in the strait. It said the crew was evacuating the ship. Iran did not immediately claim the attack though it has been targeting ships in and around the strait, disrupting a waterway that sees a fifth of all oil and natural gas traded pass through it. The UKMTO earlier reported on another attack targeting a vessel off Ras al-Khaimah in the United Arab Emirates.