Page 30 - Us-iran Tensions

Oil prices rise as Trump's threats to Iran heighten supply disruption fears

Brent crude futures rose $1.71, or 1.6 per cent, to $110.74 a ​barrel by 0057 GMT while US WTI was up 0.6 per cent, trading at $112.25 per barrel

Iran-linked groups target US diplomats in Iraq; Washington urges action

US Embassy in Baghdad, the US Consulate General in Erbil and the Baghdad Diplomatic Support Centre have been repeatedly targeted since the onset of the US-Israeli war with Iran

Iran-linked groups target US diplomats in Iraq; Washington urges action

US Embassy in Baghdad, the US Consulate General in Erbil and the Baghdad Diplomatic Support Centre have been repeatedly targeted since the onset of the US-Israeli war with Iran

'US sent guns to Iranian protestors during anti-regime protests': Trump

Trump claimed US sent guns to Iranian protesters during the anti-regime protests through the Kurds but he believes that the Kurds may have kept them

'US sent guns to Iranian protestors during anti-regime protests': Trump

Trump claimed US sent guns to Iranian protesters during the anti-regime protests through the Kurds but he believes that the Kurds may have kept them

Trump issues ultimatum to hit Iran's power plants after US airman's rescue

Trump, in renewing his threats to target Iran's civilian infrastructure, used an expletive in social media post and told Axios he will be 'blowing up everything over there' if Iran doesn't make a deal

Trump issues ultimatum to hit Iran's power plants after US airman's rescue

Trump, in renewing his threats to target Iran's civilian infrastructure, used an expletive in social media post and told Axios he will be 'blowing up everything over there' if Iran doesn't make a deal

Iran war starts pinching US as gas prices, transport costs surge

The war against Iran has started to impact Americans, with Amazon announcing a fuel surcharge for its e-commerce deliveries and some airlines hiking fees for checked-in baggage to offset higher fuel costs. The average price of petrol in the US has increased to USD 4.09 a gallon on Friday, up more than one dollar from just before the war and the highest level since August 2022. The cost of diesel has risen sharply from USD 3.64 per gallon a year ago to USD 5.53 per gallon on Friday, according to data maintained by the American Automobile Association (AAA). Diesel is widely used in farming, construction and transportation, besides other industries. E-commerce giant Amazon also said that, beginning April 17, it plans to add a 3.5 per cent fuel surcharge on third-party sellers. The US Postal Service on Wednesday said it is seeking to impose a temporary 8 per cent fuel surcharge for package and express mail deliveries to deal with rising transportation costs. If approved by the Postal

Dire straits: Prolonged war could alter the global security architecture

Escalating US-Iran conflict and oil disruptions threaten global stability, while shifting alliances signal a weakening of America's geopolitical influence

West Asia conflict threatens to push markets into bear market rhythm

Markets face risk of a prolonged bear phase as oil shocks and geopolitical tensions test inflation, growth, and investor confidence globally

CII 20-point agenda calls for coordinated response amid West Asia crisis

Industry lobby CII on Sunday outlined a 20-point agenda to mitigate the impact of the West Asia crisis, calling for measures including a temporary exemption from long-term capital gains tax for foreign investors in the primary market, the introduction of a time-bound Conflict-Linked Emergency Credit Line Guarantee Scheme and a three-month moratorium and restructuring window for MSMEs. CII proposed that priority sector lending (PSL) norms may be revisited to enable banks to respond more flexibly to sector-specific stress during external disruptions. It also suggested that the RBI could institute a Special Refinance Window for MSMEs and other affected sectors, among other measures, seeking their consideration by the government. To sustain foreign capital inflows into primary markets during a period of heightened global uncertainty, the Ministry of Finance may consider a temporary exemption from long-term capital gains tax for foreign investors in primary market investments, with the .

Fire breaks out at Borouge petrochemicals plant in UAE following attack

Authorities say a fire has broken out at a petrochemicals plant in the United Arab Emirates following an attack on Sunday. Abu Dhabi authorities responded to multiple fires at the Borouge petrochemicals plant. They say the fires were caused by falling debris following successful interceptions by air defence systems, but production at the plant has halted. The plant is in Ruwais, near the UAE's western border with Saudi Arabia. The plant is a joint venture of the Abu Dhabi National Oil Co. and Borealis of Australia.

'We got him': How US rescued crew member of F-15E jet downed by Iran

US special forces and air cover rescued injured colonel after more than a day behind enemy lines as Iranian forces searched the crash site

OIL ramps up crude production from Rajasthan's Thar amid energy crisis

Amid heightened geopolitical tensions and uncertainty in global oil markets, Oil India Ltd has significantly ramped up crude production from Rajasthan's Thar desert, achieving a record output of 1,202 barrels per day from the Jodhpur sandstone formation, officials said. The state-run company has increased production by around 70 per cent compared to last year's 705 barrels per day, marking a major milestone in efforts to boost domestic output and strengthen energy security. Officials said the crude oil produced in the Baghewala field in Jaisalmer is transported by tankers to Oil and Natural Gas Corporation (ONGC) facilities in Mehsana, Gujarat, from where it is sent via pipeline to the Koyali refinery operated by Indian Oil Corporation Ltd (IOCL). In the financial year 2025-26, Oil India's Rajasthan field recorded an annual production of 43,773 metric tonnes of crude oil, up from 32,787 metric tonnes in the previous year, reflecting strong growth driven by technological advancements

Gulf nations explore oil routes beyond Strait of Hormuz amid Iran war

Amid rising Iran tensions, Gulf nations are reportedly exploring pipelines and new trade corridors to reduce dependence on the Strait of Hormuz

FMCG firms report steady growth in Q4 despite geopolitical headwinds

Leading FMCG makers reported resilient growth amid a stable demand environment in the March quarter of FY26, posting a healthy revenue expansion, even though geopolitical tensions in the Middle East markets remained a concern. The makers, such as Marico, Dabur and AWL Agri Business (formerly Adani Wilmar), have reported growth in both volumes and value, driven by pricing actions, category momentum and resilient domestic consumption, and growth from international markets except the conflict area. Makers expect margins to improve as inflation eases; however, they remain cautiously optimistic about the coming quarters. They expect the trend of domestic demand recovery to continue, aided by stable macroeconomic conditions and improving consumption trends. Homegrown FMCG major Marico, in its quarterly update, said its consolidated revenue grew in the "low twenties" year-on-year during the quarter, aided by pricing interventions, strong performance in hair oils, and robust traction in its

Aid groups warn Iran war is hindering food, medicine from reaching millions

Aid groups are warning that the war in the Middle East has upended their ability to get food and medicine to millions of people around the world in need, and that the suffering will deepen if the violence continues. Not only has the conflict cut off vital shipping routes, creating a global energy crisis, it's also disrupting supply chains for aid groups, forcing them to use costlier, more time-consuming routes. Key pathways such as the Strait of Hormuz have been effectively shuttered and routes from strategic hubs such as Dubai, Doha and Abu Dhabi have also been impacted. Transport costs have spiked with higher fuel and insurance rates, meaning less supplies can be delivered with the same amount of money. The World Food Program says it has tens of thousands of metric tons of food heavily delayed in transit. The International Rescue Committee has USD 130,000 worth of pharmaceuticals intended for war-torn Sudan stranded in Dubai and nearly 670 boxes of therapeutic food meant for ...

Amid Iran war, CIL plans to offer 25.62 MT of coal in April via auction

State-owned Coal India Ltd plans to offer 25.62 million tonnes of coal through online auction in the current month, a move expected to mitigate the impact of energy supply shocks on industries amid the West Asia crisis. The disruptions in LNG, LPG and crude oil supplies from the Middle East have increased demand for coal, driving up its import prices. Coal India had offered 32.532 million tonnes of coal through e-auction in March against 20.5 million tonnes in February this year. The state-run coal producer plans to offer coal through the Single Window Mode Agnostic (SWMA) auction. SWMA auction is a unified, simplified e-auction system launched in 2022 to consolidate multiple existing auction windows (Spot, Special Spot, Forward) into a single platform, making coal procurement easier, more transparent, and market-driven for all buyers. According to Coal India Ltd's SWMA auction calender, Coal India subsidiary Western Coalfields Ltd (WCL) plans to put on offer 2 million tonnes (MT),

Prolonged West Asia war could erode US support for Ukraine: Zelenskyy

Ukrainian President Volodymyr Zelenskyy expressed concern that a prolonged US-Israeli war on Iran could further erode America's support for Ukraine as Washington's global priorities shift and Kyiv braces for reduced deliveries of critically needed Patriot air defence missiles. Ukraine desperately needs more US-made Patriot air defence systems to help it counter Russia's daily barrages, Zelenskyy said, speaking to The Associated Press in an exclusive interview late Saturday in Istanbul. Russia's relentless pounding of urban areas behind the front line following its full-scale invasion of Ukraine more than four years ago has killed thousands of civilians. It has also targeted Ukraine's energy supply to disrupt the industrial production of Ukraine's newly developed drones and missiles, while also denying civilians heat and running water in winter. "We have to recognise that we are not the priority for today," Zelenskyy said. "That's why I am afraid a long (Iran) war will give us less .

Missing US airman rescued after fighter jet downed in Iran: Report

The rescue operation for the crew member of the F-15E fighter jet was conducted by a "specialised commando unit with a high volume of air cover," the report said