Page 2 - Us-iran Tensions

UN warns of higher food prices, cost-of-living if Strait of Hormuz shuts

The United Nations has warned of significant risks to global trade and development, including higher food prices and cost-of-living, if the Strait of Hormuz is closed amid the West Asia conflict. The UN Conference on Trade and Development (UNCTAD) said in a report Tuesday that the ongoing military escalation in the region due to the US-Israeli strikes on Iran and retaliation by Tehran has disrupted shipping flows through the Strait of Hormuz, one of the world's most critical maritime chokepoints. The narrow passage carries around a quarter of global seaborne oil trade and significant volumes of liquefied natural gas and fertilisers. "The resulting ripple effects go far beyond the region, affecting energy markets, maritime transport and global supply chains," the report said. "Higher energy, fertiliser and transport costs including freight rates, bunker fuel prices and insurance premiums may increase food costs and intensify cost-of-living pressures, particularly for the most ...

West Asia war updates: India says no fuel shortage; Trump warns on Hormuz

India said there is no fuel shortage; oil prices remained volatile as Donald Trump warned Iran against mining the Strait of Hormuz. Here are the top updates at 9 am (IST)

IEA floats proposal for largest-ever oil release amid West Asia conflict

IEA members are considering a record release of oil from strategic reserves to stabilise global markets as the West Asia conflict disrupts supply and triggers sharp volatility in crude prices

Iran war boosts gold, silver appeal; Tata MF advises staggered buying

Tata Mutual Fund advises staggered investment in gold and silver as the Iran conflict fuels geopolitical uncertainty and strengthens safe-haven demand

Have temporarily allowed India to accept Russian oil at sea: White House

The US has "temporarily permitted" India to "accept" Russian oil already on ships in the sea to ensure energy supplies amid the conflict with Iran and the short-term measure will not provide significant financial benefit to Moscow, White House Press Secretary Karoline Leavitt has said. President Donald Trump, Treasury Secretary Scott Bessent and the whole national security team "came to this decision because our allies in India have been good actors and have previously stopped buying sanctioned Russian oil", Leavitt told a press conference at the White House on Tuesday. "So as we work to appease this temporary gap of oil supply around the world because of the Iranians, we have temporarily permitted them (India) to accept that Russian oil. And this Russian oil was already at sea. It was already out on the water. So this short-term measure, we do not believe it will provide significant financial benefit to the Russian government at this time," she said. Leavitt was responding to a ...

US destroys 16 mine-laying vessels as Iran threatens to block oil exports

The US military said it took out multiple Iranian vessels on Tuesday as the Islamic Republic vowed to block the region's oil exports and concerns grew about the country's threats to stop tankers from using a waterway through which 20 per cent of the world's oil is shipped. The US destroyed 16 mine-laying Iranian vessels, though President Donald Trump said in social media posts that there were no reports of Iran planting explosives in the Strait of Hormuz. The American military released the figure, along with unclassified footage of some of the vessels, after Trump earlier warned Iran against laying mines in the strait. Both sides sharpened their rhetoric as the war entered its 11th day, with Trump threatening to hit Iran at "a level never seen before" if the country failed to immediately remove any mines it might have deployed in the channel. US Defence Secretary Pete Hegseth promised the most intense strikes yet, while the Pentagon detailed the broader toll of injuries sustained b

US destroys 16 mine-laying vessels as Iran threatens to block oil exports

The US military said it took out multiple Iranian vessels on Tuesday as the Islamic Republic vowed to block the region's oil exports and concerns grew about the country's threats to stop tankers from using a waterway through which 20 per cent of the world's oil is shipped. The US destroyed 16 mine-laying Iranian vessels, though President Donald Trump said in social media posts that there were no reports of Iran planting explosives in the Strait of Hormuz. The American military released the figure, along with unclassified footage of some of the vessels, after Trump earlier warned Iran against laying mines in the strait. Both sides sharpened their rhetoric as the war entered its 11th day, with Trump threatening to hit Iran at "a level never seen before" if the country failed to immediately remove any mines it might have deployed in the channel. US Defence Secretary Pete Hegseth promised the most intense strikes yet, while the Pentagon detailed the broader toll of injuries sustained b

Iran, Russia foreign ministers discuss regional tensions over phone

They exchanged views on the evolving situation in West Asia and the broader consequences of the conflict for regional and international stability

About 1,000 Indians return from Qatar, embassy control room remains active

The Embassy thanked the authorities of Saudi Arabia and Qatar for their cooperation and said that its 24/7 Control Room remains functional, along with helplines and helpdesks

How Trump and his advisers miscalculated Iran's response to war

In the lead-up to the US-Israeli attack, President Trump downplayed the risks to the energy markets as a short-term concern that should not overshadow the mission to decapitate the Iranian regime

How Trump and his advisers miscalculated Iran's response to war

In the lead-up to the US-Israeli attack, President Trump downplayed the risks to the energy markets as a short-term concern that should not overshadow the mission to decapitate the Iranian regime

Israel conducts strikes in Tehran and Tabriz, intercepts Iranian missiles

Amid the evolving security situation in West Asia and the Gulf, Israeli Defence Forces on Tuesday (local time) conducted a combined strike in Tehran and Tabriz, as per the details shared by the Israel Defence Forces.In a post on X, the IDF said, that the targets struck included a special units command center in Tabriz, an "Imam Hassan" security unit military compound in Tehran, a command center for the security unit responsible for ballistic missile launches & artillery fire, a command center for the Intelligence and General Security Police in Maragheh Province and a large Basij forces compound in Tabriz.Meanwhile, the Israeli Air Force in a post on X said that it had intercepted missiles launched from Iran and called for people to exercise caution.In a post on X, it said, "The IDF has identified that a short time ago, missiles were launched from Iran toward the territory of the State of Israel. Defense systems are operating to intercept the threat. In the last few minutes, the .

Israel conducts strikes in Tehran and Tabriz, intercepts Iranian missiles

Amid the evolving security situation in West Asia and the Gulf, Israeli Defence Forces on Tuesday (local time) conducted a combined strike in Tehran and Tabriz, as per the details shared by the Israel Defence Forces.In a post on X, the IDF said, that the targets struck included a special units command center in Tabriz, an "Imam Hassan" security unit military compound in Tehran, a command center for the security unit responsible for ballistic missile launches & artillery fire, a command center for the Intelligence and General Security Police in Maragheh Province and a large Basij forces compound in Tabriz.Meanwhile, the Israeli Air Force in a post on X said that it had intercepted missiles launched from Iran and called for people to exercise caution.In a post on X, it said, "The IDF has identified that a short time ago, missiles were launched from Iran toward the territory of the State of Israel. Defense systems are operating to intercept the threat. In the last few minutes, the .

About 140 US troops injured, 8 severely, so far in Iran war, says Pentagon

US Defence Secretary Pete Hegseth said Tuesday would be the most intense day yet of US strikes inside Iran. The Islamic Republic, its firepower diminished, vowed to fight on. Israeli Prime Minister Benjamin Netanyahu said the war's aim is a popular overthrow of Iran's government, and "we are breaking their bones". White House press secretary Karoline Leavitt said US President Donald Trump "is not making anything up" as he offers varying justifications for launching the war. The US stock market and oil prices were holding relatively steady on Tuesday after Trump's signals about how long the war could last caused wild swings in financial and fuel markets. The Pentagon, meanwhile, offered its first tally of American wounded, saying about 140 US troops have been injured, eight severely. Iranian Parliament Speaker Mohammad Bagher Qalibaf dismissed any suggestion of seeking a ceasefire, while another top Iranian security official, Ali Larijani, warned Trump himself, writing on X that "Iran

Global hunt for LNG intensifies as West Asia conflict cuts supply

The conflict has shut down Ras Laffan, the world's largest LNG export facility in Qatar, and halted traffic through the Strait of Hormuz

'Won't provide financial benefit to Russia': White House on oil waiver

Washington says move meant to ease global oil supply disruptions

Gita Gopinath warns fiscal space 'depleted' for long-lasting Iran war

Gita Gopinath said the world economy is already facing a slowdown in growth in 2026 due to higher oil prices in the wake of the conflict that erupted less than two weeks ago

Airlines making operational arrangements amid West Asia crisis: MoCA

The Civil Aviation Ministry on Tuesday said it is closely monitoring developments in West Asia and their potential implications for air travel between India and the region. It also said that Civil Aviation Minister K Ram Mohan Naidu is continuously overseeing the situation and maintaining direct engagement with all the relevant stakeholders to ensure quick and coordinated responses. Data suggest that Indian carriers operated 45 inbound flights with 7,047 passengers arriving on them from West Asia on March 9, the ministry said in a statement. Airlines are making appropriate operational arrangements in response to the evolving situation, with passenger safety and continuity of services remaining the primary considerations, it said. The ministry said it is maintaining regular coordination with airlines and other concerned stakeholders to ensure that passenger movement continues in an orderly manner. Airfares are also being closely monitored to ensure that ticket prices remain reasona

'Absolutely no shortage of fuel': Goyal amid uncertainty in energy supply

Goyal said the government is closely monitoring the evolving situation and taking necessary steps to ensure the uninterrupted availability of fuel across the country

Air India, its subsidiary to operate 58 flights to and from West Asia

Full-service carrier Air India and its low-cost subsidiary Air India Express on Tuesday said they will together operate a total of 58 scheduled and non-scheduled flights to and from West Asia on March 11. Amid the escalating conflict in the region involving the US, Israel and Iran, airlines are operating services in a calibrated manner as there are airspace restrictions and closures. The two carriers will continue to operate their respective scheduled services to and from Jeddah and Muscat on March 11, Air India said in a statement. While Air India will operate eight flights to and from Jeddah, Air India Express will be operating 14 scheduled flights to and from Muscat, it stated. On Wednesday, Air India will operate one round-trip each from Delhi and Mumbai to Jeddah, and Air India Express will operate one round-trip each from Hyderabad and Kozhikode to Jeddah Air India Express will also operate its scheduled services to Muscat, including one round-trip each from Delhi, Mumbai,