Trump also called on other countries to send warships to keep open the waterway through which about a fifth of the world's oil exports flow
Developments surrounding the ongoing conflict in West Asia and crude oil price movement will be the major factors driving trends in the equity market this week, analysts said. Besides global trends, the US Fed interest rate decision and inflation data would also influence trading in markets, they added. "This week is packed with several important developments and data releases, both domestically and globally. Geopolitical developments will remain the key factor to watch, as their impact on crude oil prices is likely to influence overall market direction. "On the domestic front, market participants will closely track key macroeconomic indicators, such as WPI inflation, balance of trade data and foreign exchange reserves," Ajit Mishra SVP, Research, Religare Broking Ltd, said. Globally, investors will focus on the US Federal Reserve's interest rate decision and the FOMC (Federal Open Market Committee) economic projections, he added. Last week, the BSE benchmark Sensex tanked 4,354
Exporters and logistics providers are minimising disruptions caused by the ongoing West Asia crisis by closely monitoring carriers, planning shipments in advance, and exploring alternative routes. The exporting community said that businesses are also adjusting inventory, contracts, and schedules for flexibility. They added that support measures, such as sharing regular advisories, engaging with shipping lines to manage surcharges, ensuring vessel/container availability, allowing flexibility in compliance timelines, and maintaining dialogue between industry bodies and government authorities, will help the domestic industry deal with this crisis. "Things are not improving, but we are trying to manage our exports. Shipping lines should not take undue advantage of this situation," Federation of Indian Export Organisations (FIEO) President SC Ralhan said. Ongoing geopolitical tensions in West Asia, especially around the Strait of Hormuz, are creating uncertainty for India's exports, ...
Iran's Foreign Minister Abbas Araghchi says other vessels are continuing to use the route even as security concerns in the region prompted some shipping companies to avoid the area
The United Arab Emirates reported a new missile attack Sunday morning, a day after Iran called for the evacuation of three major UAE ports, threatening for the first time a neighbouring country's non-US assets. Tehran accused the United States of using "ports, docks and hideouts" in the UAE to launch strikes on Kharg Island, home to the main terminal handling Iran's oil exports, without providing evidence, as the war showed no signs of ending. US President Donald Trump said he hoped allies would send warships to secure the vital Strait of Hormuz. Meanwhile, Israeli strikes have deepened Lebanon's humanitarian crisis, with about 800 people killed and more than 850,000 displaced. Here is the latest: Emirati adviser slams Iran's claim that Kharg strikes were launched from the UAE ------------------------------------------------------------------------------------------- "This reflects a confused policy that missed the point, lost its direction, and lacked wisdom," Anwar Gargash, ad
In the two weeks since the U.S. and Israel launched strikes on Iran, President Donald Trump increasingly has been knocked on his political heels. He's grown more agitated with news coverage and has failed to find a way to explain why he started the war - or how he will end it - that resonates with a public concerned by American deaths in the conflict, surging oil prices and dropping financial markets. Even some of his supporters are questioning his plan and his overall poll numbers are declining. Meanwhile, Moscow is getting a boost from the war's early days after Trump eased sanctions on some Russian oil shipments. That, combined with rising oil prices, undercut the yearslong push to crimp President Vladimir Putin's ability to wage war in Ukraine. Then there are Democrats, who were left reeling after Trump won the 2024 election. With control of Congress at stake in November's midterms, the party has come together to oppose Trump's Iran policy and point to the economic turmoil as ..
Trump says strikes have destroyed Iran's Kharg Island oil hub and warns of further attacks while seeking allied naval support to secure the Strait of Hormuz
UK defence officials are evaluating the possibility of redirecting cutting-edge equipment initially intended for Eastern Europe to meet new regional demands
Air India stated that following instructions from the UAE airport authorities, both Air India and its subsidiary Air India Express have curtailed several scheduled flights on March 15
Interest-rate bets that fully anticipated easing in the US have eroded, while possible hikes in the UK and euro zone later in the year are now being priced in
Missiles and bombs contain heavy metals and other toxic pollutants, which are released into the air, soil and water when they explode and crash, lingering often for decades
Missiles and bombs contain heavy metals and other toxic pollutants, which are released into the air, soil and water when they explode and crash, lingering often for decades
Here's a look at some of the sectors under increased investor scrutiny as the broader consequences of the war unfold
US broadcast regulator has responded to a complaint by President Donald Trump about negative coverage of the Iran war, urging them to "correct course before their license renewals come up". Brendan Carr, the chairman of the Federal Communications Commission, has previously launched investigations into networks he has said are unfairly partisan, most notably pressuring ABC to take late-night host Jimmy Kimmel off the air. It was the first time Carr had addressed Iran coverage, although Trump and the White House have sharpened their attacks in recent days against coverage they perceive as being unduly critical or unfair. "The law is clear. Broadcasters must operate in the public interest, and they will lose their licenses if they do not," Carr warned in a social media post. Iran's foreign minister calls on neighbours to expel foreign aggressors ----------------------------------------------------------------------------- Foreign Minister Abbas Araghchi made the call on social media
US broadcast regulator has responded to a complaint by President Donald Trump about negative coverage of the Iran war, urging them to "correct course before their license renewals come up". Brendan Carr, the chairman of the Federal Communications Commission, has previously launched investigations into networks he has said are unfairly partisan, most notably pressuring ABC to take late-night host Jimmy Kimmel off the air. It was the first time Carr had addressed Iran coverage, although Trump and the White House have sharpened their attacks in recent days against coverage they perceive as being unduly critical or unfair. "The law is clear. Broadcasters must operate in the public interest, and they will lose their licenses if they do not," Carr warned in a social media post. Iran's foreign minister calls on neighbours to expel foreign aggressors ----------------------------------------------------------------------------- Foreign Minister Abbas Araghchi made the call on social media
The attacks have occurred in and around the Persian Gulf, the Strait of Hormuz and the Gulf of Oman since March 1
The attacks have occurred in and around the Persian Gulf, the Strait of Hormuz and the Gulf of Oman since March 1
US Energy Secretary Chris Wright directed a Texas-based oil and gas company Friday to restore operations in waters off southern California that were damaged by a 2015 oil spill, invoking the Defence Production Act. Restoring Sable Offshore Corp.'s Santa Ynez unit and pipeline off Santa Barbara aims to address supply disruption risks, according to a department news release. The unit includes three rigs in federal waters, offshore and onshore pipelines, and the Las Flores Canyon Processing Facility. The facility can produce about 50,000 barrels of oil per day and would replace nearly 1.5 million barrels of foreign crude each month, officials said. "The Trump Administration remains committed to putting all Americans and their energy security first," Wright said in a statement. "Unfortunately, some state leaders have not adhered to those same principles, with potentially disastrous consequences not just for their residents, but also our national security. Today's order will strengthen .
US Energy Secretary Chris Wright directed a Texas-based oil and gas company Friday to restore operations in waters off southern California that were damaged by a 2015 oil spill, invoking the Defence Production Act. Restoring Sable Offshore Corp.'s Santa Ynez unit and pipeline off Santa Barbara aims to address supply disruption risks, according to a department news release. The unit includes three rigs in federal waters, offshore and onshore pipelines, and the Las Flores Canyon Processing Facility. The facility can produce about 50,000 barrels of oil per day and would replace nearly 1.5 million barrels of foreign crude each month, officials said. "The Trump Administration remains committed to putting all Americans and their energy security first," Wright said in a statement. "Unfortunately, some state leaders have not adhered to those same principles, with potentially disastrous consequences not just for their residents, but also our national security. Today's order will strengthen .
The United Arab Emirates (UAE) has ordered the arrest and urgent trial of 10 people of various nationalities for publishing video clips on social media platforms containing misleading and fabricated content amid regional tensions due to the war in Iran. In a statement released by the country's official news agency Wam, UAE Attorney-General Dr Hamad Saif Al Shamsi said the action follows the continuous monitoring of digital platforms amid regional developments. The attorney-general did not reveal the nationalities of the accused. "Such events have been exploited to disseminate misinformation intended to deliberately mislead the public while undermining national security, order and stability," he said. Investigations revealed that the defendants published videos featuring real footage of air defence systems intercepting attacks. Other clips depicted projectiles on the ground or crowds observing events. Dr Al Shamsi said the under trial circulated fabricated footage created using AI t