Page 37 - Us Iran Tensions

Iran remains resolute against US-Israeli aggression: President Pezeshkian

Detailing the impact of the ongoing hostilities, Pezeshkian briefed his Azerbaijani counterpart on destruction of 'vital and industrial infra,' as well as strikes targeting 'schools' and 'hospitals'

Amazon to slap 3.5% fuel surcharge on third-party sellers in US, Canada

Amazon is slapping a 3.5 per cent fuel and logistics surcharge on third-party sellers using its platform starting later this month amid a spike in fuel prices since the war in Iran started. The temporary charge is effective April 17 for many of the sellers who use Amazon's fulfillment services, the online behemoth confirmed to The Associated Press in an email Thursday. "Elevated costs in fuel and logistics have increased the cost of operating across the industry," Amazon said in the emailed statement. The Seattle-based company said it has absorbed these increases so far but similar to other major carriers, when costs remain elevated, it implements temporary surcharges to partially recover these costs. It noted the charge is "meaningfully" lower than surcharges applied by other major carriers. "We remain committed to our selling partners' success and to maintaining broad selection and low prices for customers," Amazon added. Amazon's fuel and logistics-related surcharge will apply

US crude jumps over 11%, Brent nearly 8% as Trump vows more attacks on Iran

US West Texas Intermediate ​crude futures rose $11.42, or 11.41 per cent, at $111.54 per barrel, settling at their biggest absolute price rise since 2020

US crude jumps over 11%, Brent nearly 8% as Trump vows more attacks on Iran

US West Texas Intermediate ​crude futures rose $11.42, or 11.41 per cent, at $111.54 per barrel, settling at their biggest absolute price rise since 2020

Best of BS Opinion: From war to AI, new pressures build on India's economy

Here are the best of Business Standard's opinion pieces for today

Trump warns Iran to strike a deal 'before it is too late' as war deepens

Earlier Thursday, Iran's semi-official Fars news agency reported that airstrikes had hit numerous targets, including a bridge connecting Tehran to the city of Karaj

Macron says military option to reopen Strait of Hormuz is 'unrealistic'

French President Emmanuel Macron on Thursday said France considers it "unrealistic" to reopen the Strait of Hormuz through a military operation. "There are people who advocate the idea of the reopening of the Strait of Hormuz by force, through a military operation, a position that has at times been expressed by the United States," Macron told reporters during a visit to South Korea. "That has never been the option we have chosen, and we consider it unrealistic." Macron said a military operation "would take an infinite amount of time and would expose anyone passing through the strait to coastal threats from (Iran's) Revolutionary Guard, who has capabilities, ballistic missiles and many other risks." The reopening of the Strait "can only be done in coordination with Iran," through negotiations that would follow a potential ceasefire, Macron said. France is pushing for an international mission involving European and non-European nations to escort oil and gas tankers and reopen the Str

India manufacturing PMI plummets to 4-year low amid West Asia conflict

Industry 'takes a step back' as market uncertainty and cost pressures increase

'No money to buy cylinder': Migrant workers leave metros amid LPG shortage

As an LPG shortage linked to the West Asia conflict disrupts cooking gas supply in Indian cities, many migrant workers are leaving metros and returning to their hometowns

Hormuz crisis has caused economic strain, energy instability: Navy Chief

The admiral said competition at sea is no longer confined to oil and energy. It is expanding to resources that will shape future growth, he asserted

How Iran conflict has pushed UK to fix 'deep damages' caused by Brexit

Brexit was designed for control in a 'stable' world, but in a volatile one shaped by the Iran conflict, it is forcing the UK back towards the EU

Iran war has fuelled 15-20% spike in solar module prices: SAEL CEO

Solar module prices have risen up to 20 per cent amid supply disruptions, rising freight costs, and higher metal prices triggered by the Iran conflict

Stock Market Close: Sensex ends near day's high; Nifty tops 22,700 as Rupee recovers; IT, FMCG rise

Sensex Today | Stock Market Highlights, Thursday: In the broader markets, both the Nifty MidCap and the Nifty SmallCap ended 0.30 per cent and 0.50 per cent down, respectively

Iran war disrupts US small businesses with shipping complications

The Iran war is making life more difficult for small business owners across the country, who are grappling with shipping complications, higher costs and consumers tightening their grip on their wallets. A shoe designer is struggling to import its shoes from Vietnam; a pistachio grower has millions of dollars worth of pistachio exports sitting in the water; a home landscaper in Kansas City is stockpiling fertilizer as prices skyrocket; and a Chicago electronics store owner is facing pain at the pump. Small business owners say the severe supply chain disruptions during the pandemic were worse - but they fear that if the war stretches on for months, it might start to come close. "The costs are rising, the routes are changing, and capacity is tightening. It's all happening at the same time, and that's a perfect storm for small businesses," said Brandon Fried, executive director of the Airforwarders Association, a trade group for US companies that move cargo through the supply chain on a

China in talks with 'all parties' on need to restore Strait of Hormuz

China on Thursday said that it is in communication "with all parties" about the need to restore stability in the Strait of Hormuz, and that everyone should work toward that end. "We believe that an early ceasefire and restoration of peace and stability in the Strait of Hormuz and its adjacent waters is a common aspiration of the international community, and all sides should work towards this end," Chinese Foreign Ministry spokesperson Mao Ning said. "China is maintaining communication and coordination with all parties," she said. Mao said that "the root cause of the disruption to navigation in the Strait of Hormuz lies in the illegal military actions taken by the US and Israel against Iran," and said the way to restore safety in the area is to end the hostilities. "Military means cannot fundamentally resolve the issue, and an escalation of the conflict is not in the interest of any party," she said. China and Pakistan agreed this week to promote a five-point proposal, which includ

China in talks with 'all parties' on need to restore Strait of Hormuz

China on Thursday said that it is in communication "with all parties" about the need to restore stability in the Strait of Hormuz, and that everyone should work toward that end. "We believe that an early ceasefire and restoration of peace and stability in the Strait of Hormuz and its adjacent waters is a common aspiration of the international community, and all sides should work towards this end," Chinese Foreign Ministry spokesperson Mao Ning said. "China is maintaining communication and coordination with all parties," she said. Mao said that "the root cause of the disruption to navigation in the Strait of Hormuz lies in the illegal military actions taken by the US and Israel against Iran," and said the way to restore safety in the area is to end the hostilities. "Military means cannot fundamentally resolve the issue, and an escalation of the conflict is not in the interest of any party," she said. China and Pakistan agreed this week to promote a five-point proposal, which includ

War will continue till US faces 'permanent humiliation', surrenders: Iran

Washington is unaware of the Islamic Republic's 'vast strategic capabilities', a spokesperson said, dismissing Trump's claims of 'dramatically curtailing' Iran's ability to launch missiles and drones

War will continue till US faces 'permanent humiliation', surrenders: Iran

Washington is unaware of the Islamic Republic's 'vast strategic capabilities', a spokesperson said, dismissing Trump's claims of 'dramatically curtailing' Iran's ability to launch missiles and drones

Iran hits Haifa port after Trump says Tehran's missile programme destroyed

Israel Defense Forces (IDF) confirmed the missile launches in a statement on Telegram, noting that defensive systems were actively operating to intercept the threat

Iran hits Haifa port after Trump says Tehran's missile programme destroyed

Israel Defense Forces (IDF) confirmed the missile launches in a statement on Telegram, noting that defensive systems were actively operating to intercept the threat