Page 53 - Us Iran Tensions

US will 'blow up' South Pars gas field if Iran attacks Qatar, warns Trump

US President Donald Trump said the US 'knew nothing' of Israel's strike on Iran's South Pars gas field and warned Washington would 'blow it up' if Iran targets Qatar's LNG facilities again

Stock Market Crash Highlights: Sensex tanks 2497 pts, Nifty ends at 23002 as Brent rises near $120

Sensex Today | Stock Market LIVE Updates, Thursday: The GIFT Nifty signalled that the benchmark Nifty50 will likely open lower, tracking negative global cues

Centre offers insurance support as SMEs face cash-flow strain from Iran war

The RELIEF scheme mainly includes consignments destined for delivery or trans-shipment to the UAE, Saudi Arabia, Kuwait, Qatar, Oman, Bahrain, Iraq, Iran, Israel, and Yemen

West Asia crisis: Govt identifies 22 vessels for safe passage via Hormuz

These 20 vessels carry 215,000 tonnes of LNG, 321,000 tonnes of LPG, and 1,676,000 tonnes of crude oil; both Indian and foreign-flagged ships, all bound for India

West Asia crisis: Govt identifies 22 vessels for safe passage via Hormuz

These 20 vessels carry 215,000 tonnes of LNG, 321,000 tonnes of LPG, and 1,676,000 tonnes of crude oil; both Indian and foreign-flagged ships, all bound for India

Brent crude hits $115 after Iran attacks energy facilities in West Asia

Qatar's state oil and gas company said the Ras Laffan Industrial City, an energy-industry hub, had suffered "extensive damage" after it was hit by Iranian missiles

Brent crude hits $115 after Iran attacks energy facilities in West Asia

Qatar's state oil and gas company said the Ras Laffan Industrial City, an energy-industry hub, had suffered "extensive damage" after it was hit by Iranian missiles

Centre directs oil, gas firms to share export, import, and inventory data

India has been hit hard by the jump in crude prices and disruption in oil and gas supplies, but unlike China it has not moved to ban exports of refined fuel

Iran war likely to prevent BoE from cutting rates as previously anticipated

Until the US and Israel started bombing Iran less than three weeks ago, it was viewed as a near certainty that the Bank of England would cut interest rates again on Thursday. Now it's a near-certainty that it will leave its base rate unchanged at 3.75 per cent. The start of the Iran war on February 28 set in a chain of events that has done much to upend global economic forecasts, not least in how it will affect prices. The longer the Iran war and the associated closure of the Strait of Hormuz go on, the greater the economic pain will be. A fifth of the world's crude oil goes through the strait. The most tangible impact has been in oil and gas markets, with prices rising sharply higher since the start of the war. That has already had an impact on prices at the pump and will, if sustained, lead to higher domestic energy bills. With these new inflationary pressures stalking the global economy, central bankers are having to reassess their projections in 2026, both for inflation and ...

Iran war likely to prevent BoE from cutting rates as previously anticipated

Until the US and Israel started bombing Iran less than three weeks ago, it was viewed as a near certainty that the Bank of England would cut interest rates again on Thursday. Now it's a near-certainty that it will leave its base rate unchanged at 3.75 per cent. The start of the Iran war on February 28 set in a chain of events that has done much to upend global economic forecasts, not least in how it will affect prices. The longer the Iran war and the associated closure of the Strait of Hormuz go on, the greater the economic pain will be. A fifth of the world's crude oil goes through the strait. The most tangible impact has been in oil and gas markets, with prices rising sharply higher since the start of the war. That has already had an impact on prices at the pump and will, if sustained, lead to higher domestic energy bills. With these new inflationary pressures stalking the global economy, central bankers are having to reassess their projections in 2026, both for inflation and ...

Too soon to judge war's impact, says Powell as inflation keeps Fed on hold

Fed's next move may ultimately be a hike, a possibility Powell acknowledged came up again in discussions this week - though that's not the base case for the majority of policymakers

Gold prices crack below $5,000; can slide another 9%: YES Securities

The West Asia conflict has changed the bullish narrative around Gold. High oil prices, US recession-cum-inflationary fears, and fading Fed rate cut bets weigh on the sentiment, says YES Securities.

What is the '19th-century rule' shipping firms are invoking amid Iran war?

Global carriers such as MSC, Maersk, CMA CGM and Hapag-Lloyd have told customers they may discharge containers at alternative ports, invoking a long-standing maritime contract clause

A look at past moments that threatened Strait of Hormuz's oil flows

The US and Israel's war with Iran has thrust the Strait of Hormuz once again into the crosshairs of a geopolitical conflict. Iran has ground to a halt nearly all traffic in the waterway that connects the Persian Gulf to the rest of the globe's oceans, shutting down a critical path for the world's flow of oil. Attacks on commercial ships and threats of further strikes have stopped nearly all tankers from carrying oil, gas and other goods through the passage. That's also led to cuts from some of the world's largest producers, because their crude has nowhere to go. This is hardly the first time the Strait of Hormuz has been weaponised. Ship seizures and past fighting in the region have raised alarm for commercial ships, at times severely disrupting their ability to sail through. Iran has also repeatedly threatened to close the strait in response to sanctions and other tensions over the years, but stopped short of cutting off traffic entirely. Even with the bulk of traffic halted amid t

EU summit will focus on West Asia war, loan to Ukraine blocked by Hungary

European Union leaders are holding a summit in Brussels on Thursday for talks on the Iran war, energy prices, migration and an enormous loan for war-ravaged Ukraine being held up by Hungary. Many of those leaders have deflected entreaties by US President Donald Trump to send military assets to secure the Strait of Hormuz, a key waterway for the global flow of oil, gas and fertiliser. Rising energy prices because of the war and fears in Europe of a new refugee crisis have pushed leaders to make the Middle East one of the top priorities at the summit. The European Commission, the EU's executive branch, has floated the idea of a "toolbox" of measures to lower energy prices for leaders to discuss because no single policy will work across the myriad markets in the 27-nation bloc to blunt economic shocks from the war, according to a senior European diplomat who wasn't authorised to be publicly named so spoke on condition of anonymity. The summit will also focus on a long-brewing standoff

Israel's strategy of killing Iran's top leaders could backfire: Experts

Israel has killed one senior Iranian leader after another in airstrikes as it seeks to topple the Islamic Republic. But its past experience of targeting senior militants shows the strategy has limits and can sometimes backfire. Israel killed Hezbollah leader Hassan Nasrallah. The group still fires rockets. It took out Hamas' top brass. The group still controls half of Gaza and has not laid down arms. As a strategy, targeted killing has rarely been employed against a state. While it may provide tangible achievements that leaders can brand as victories - especially in wars with no clear endgame - it rarely addresses the underlying grievances that propel conflicts. Jon Alterman, chair of Global Security and Geostrategy at the Centre for Strategic and International Studies, said the impact of targeted killings often fades over time. He noted that Iran's government and military are made up of several overlapping institutions that have so far survived waves of punishing US and Israeli

Israel's strategy of killing Iran's top leaders could backfire: Experts

Israel has killed one senior Iranian leader after another in airstrikes as it seeks to topple the Islamic Republic. But its past experience of targeting senior militants shows the strategy has limits and can sometimes backfire. Israel killed Hezbollah leader Hassan Nasrallah. The group still fires rockets. It took out Hamas' top brass. The group still controls half of Gaza and has not laid down arms. As a strategy, targeted killing has rarely been employed against a state. While it may provide tangible achievements that leaders can brand as victories - especially in wars with no clear endgame - it rarely addresses the underlying grievances that propel conflicts. Jon Alterman, chair of Global Security and Geostrategy at the Centre for Strategic and International Studies, said the impact of targeted killings often fades over time. He noted that Iran's government and military are made up of several overlapping institutions that have so far survived waves of punishing US and Israeli

Explained: What South Pars-North Field is and why it matters to Iran, Qatar

Israel's strike on South Pars has put focus on the world's largest gas field shared by Iran and Qatar, a key source of energy that powers both economies and influences global gas supply

Hollowed-out US State Dept strains diplomacy, struggles to manage Iran war

In the escalating war in Iran, the State Department's Bureau of Near Eastern Affairs would ordinarily be at the centre of the geopolitical fray. The bureau's role would be to coordinate US foreign policy across an 18-country region, much of which has become a chaotic battlefield scarred by drone and missile strikes as the US and Israel remain locked in conflict with Iran. But now that bureau is also working with fewer resources. The administration's most recent budget proposed a 40 per cent cut to the bureau, though Congress eventually enacted less dramatic cuts. The administration also eliminated the dedicated Iran office, merging it with the Iraq office. Personnel and management choices - coupled with President Donald Trump's moves to shrink government and confine decision-making to a tight circle - are limiting the ability of the United States to handle a global emergency, according to interviews with more than a dozen current and former US officials. Veteran diplomats with deca

Hollowed-out US State Dept strains diplomacy, struggles to manage Iran war

In the escalating war in Iran, the State Department's Bureau of Near Eastern Affairs would ordinarily be at the centre of the geopolitical fray. The bureau's role would be to coordinate US foreign policy across an 18-country region, much of which has become a chaotic battlefield scarred by drone and missile strikes as the US and Israel remain locked in conflict with Iran. But now that bureau is also working with fewer resources. The administration's most recent budget proposed a 40 per cent cut to the bureau, though Congress eventually enacted less dramatic cuts. The administration also eliminated the dedicated Iran office, merging it with the Iraq office. Personnel and management choices - coupled with President Donald Trump's moves to shrink government and confine decision-making to a tight circle - are limiting the ability of the United States to handle a global emergency, according to interviews with more than a dozen current and former US officials. Veteran diplomats with deca