Page 60 - Us Iran Tensions

US counterterror chief quits, says Iran war driven by pressure from Israel

Kent is close with Director of National Intelligence Tulsi Gabbard, who has kept a low profile since the Iran war began

Iran's top security officials, Ali Larijani killed in airstrike: Israel

Israeli officials claimed airstrikes targeted senior Iranian leader Ali Larijani overnight, with no clarity yet on whether he was killed or injured

China to provide humanitarian aid to Iran, three other West Asia nations

China on Tuesday said it will provide emergency humanitarian assistance to Iran, Lebanon and two other West Asian countries hit hard by the ongoing conflict in the region. Speaking at a media briefing, Chinese foreign ministry spokesperson Lin Jian said that Beijing has decided to provide emergency humanitarian aid to Iran, Jordan, Lebanon, and Iraq in the hope of easing the humanitarian plight faced by local people. "The ongoing conflict has inflicted excruciating humanitarian disasters on (the) people of Iran and other regional countries. China deeply sympathises with people in relevant countries", Lin said. He was responding to a question about whether China is considering providing humanitarian assistance to the relevant countries, as the UN Refugee Agency recently said the crisis in West Asia has constituted a major humanitarian emergency, and the affected regions already host nearly 25 million refugees, internally displaced persons and returnees. Iran has suffered many innoce

Can restaurants add an 'LPG crisis charge' to your bill? Law explained

As restaurants cite rising commercial LPG costs for the surcharge, here is what Indian law permits and where it draws a clear line

Mojtaba Khamenei rejects proposals to reduce tensions with US: Report

The Strait of Hormuz remains largely closed off, with US allies rebuffing US President Donald Trump's request for help to reopen the critical waterway, raising energy prices and fears of inflation

Stock market close: Sensex gains for 2nd day, ends 568 pts up; Nifty near 23,600; metal, auto rise

Sensex Today | Stock Market Highlights Tuesday: In the broader markets, the Nifty MidCap and the Nifty SmallCap indices ended 1.07 per cent and 0.78 per cent higher, respectively

West Asia crisis: India's 2nd LPG carrier 'Nanda Devi' arrives in Gujarat

India's second LPG carrier 'Nanda Devi' arrived safely at Vadinar port in Gujarat on Tuesday, carrying 46,500 metric tonnes of gas after navigating the Strait of Hormuz amid the West Asia conflict, an official said. The first ship, 'Shivalik', reached Mundra Port in Gujarat on Monday. 'Nanda Devi' has docked at Vadinar port in Devbhumi Dwarka district, and preparations were being made to shift the LPG (liquefied petroleum gas) to the daughter ship, Deendayal Port Authority Chairman Sushil Kumar Singh told reporters. "A consignment of 46,500 metric tonnes of LPG has been brought in; this cargo will be transferred to a vessel named BW Birch, which will subsequently proceed to discharge portions of the consignment at the ports of Ennore (Tamil Nadu) and Haldia (West Bengal) along the eastern coast," he said. "The transfer process takes place at a rate of 1,000 tonnes per hour; consequently, the entire operation is expected to take two days to complete," he added. The port authority a

West Asia crisis to intensify soaring European corporate distress

Even before the US and Israel began their attacks on Iran on Feb. 28, financial strain among the continent's businesses was at a four-year high

West Asia crisis to intensify soaring European corporate distress

Even before the US and Israel began their attacks on Iran on Feb. 28, financial strain among the continent's businesses was at a four-year high

India growth forecasts cut, inflation risks rise as Iran war drags on

Economists expect slower growth due to reliance on imported oil, with Goldman cutting its 2026 forecast to 6.5%, while IndusInd warns of a 30-basis-point hit and risks from weak consumption

West Asia crisis: Sri Lanka declares Wednesdays off amid fuel supply crunch

Sri Lanka has declared Wednesdays as public holidays and introduced fuel rationing to curb shortages, as the West Asian crisis disrupts energy supplies

Ensure airlines assess risk before flying in conflict-hit areas: ALPA

Pilots' body ALPA India on Tuesday asked its members to ensure that airline operators carry out "appropriate operational risk assessments" before planning flights in or near conflict-affected areas. The Air Line Pilots Association (ALPA) India, in an advisory to all pilots under an Indian licence, said that the pilots must remain aware that the risk environment in conflict-affected areas can change rapidly and without adequate warning. The advisory has come amid the escalating war in West Asia, involving the US, Israel and Iran, which has led to cancellations of a number of flights due to airspace closures since February 28. The pilots' body said that members are advised to take note of the potential implications related to aviation insurance coverage, particularly with respect to war-risk clauses. Under certain circumstances, insurance providers may withdraw or limit coverage for operations conducted in designated conflict zones or high-risk airspaces, it said. ALPA India is an .

LPG consumption falls 17% in first half of March on war-related shortages

Cooking gas LPG consumption in India fell by a steep 17.7 per cent in the first half of March on the back of supply disruptions due to war in West Asia, preliminary industry data showed. LPG consumption fell to 1.147 million tonne during the first fortnight of March, 17.3 per cent lower than 1.387 million tonne consumed in the same period last year and 26.3 per cent lower than 1.557 million tonne demand in the first half of February. India imports about 60 per cent of its LPG requirements, much of it via the Strait of Hormuz, which has been effectively shut following US and Israeli strikes on Iran and Tehran's retaliation. With supplies from Saudi Arabia and the United Arab Emirates disrupted, the government has cut LPG supplies to commercial establishments like hotels, and industries to safeguard household cooking gas availability. Preliminary sales data of three state-owned fuel retailers, who control roughly 90 per cent of the market, showed LPG consumption during March 1 to Mar

LPG consumption falls 17% in first half of March on war-related shortages

Cooking gas LPG consumption in India fell by a steep 17.7 per cent in the first half of March on the back of supply disruptions due to war in West Asia, preliminary industry data showed. LPG consumption fell to 1.147 million tonne during the first fortnight of March, 17.3 per cent lower than 1.387 million tonne consumed in the same period last year and 26.3 per cent lower than 1.557 million tonne demand in the first half of February. India imports about 60 per cent of its LPG requirements, much of it via the Strait of Hormuz, which has been effectively shut following US and Israeli strikes on Iran and Tehran's retaliation. With supplies from Saudi Arabia and the United Arab Emirates disrupted, the government has cut LPG supplies to commercial establishments like hotels, and industries to safeguard household cooking gas availability. Preliminary sales data of three state-owned fuel retailers, who control roughly 90 per cent of the market, showed LPG consumption during March 1 to Mar

Biz chamber seeks RBI relief for exporters hit by West Asia crisis

The Bharat Chamber of Commerce (BCC) wrote to RBI Governor Sanjay Malhotra, urging supportive banking measures for exporters reeling under disruptions in global logistics and shipping routes caused by ongoing tensions in West Asia. In a letter on Monday, it said West Asia serves not only as a key destination for Indian exports but also as a critical transhipment hub for shipments bound for Europe and Africa. "The ongoing situation has led to diversion of shipping routes, port congestion, higher freight and insurance costs, and extended transit periods, straining working capital cycles and liquidity positions of exporters," it said. The BCC urged RBI to encourage banks to adopt a supportive credit approach by enhancing working capital limits, providing ad-hoc credit facilities, and extending the tenure of pre-shipment and post-shipment export credit. Greater flexibility in rollover of packing credit and extension of due dates for export bills was also sought. It also requested ...

West Asia war digest, March 17: Stories tracking the economic fallout

From oil-driven rate hike bets and FPI outflows to export disruption, fuel shortages and shipping risks, Business Standard coverage tracks how the West Asia crisis is reshaping India's economy

Good will triumph over evil': Netanyahu wishes 'happy holiday' to Iran

His remarks come at a time of heightened geopolitical uncertainty in the West Asia, with multiple global leaders engaging on issues related to regional security and stability

Good will triumph over evil': Netanyahu wishes 'happy holiday' to Iran

His remarks come at a time of heightened geopolitical uncertainty in the West Asia, with multiple global leaders engaging on issues related to regional security and stability

Trump warned of likely Iran retaliation on Gulf allies despite his claim

Trump had said twice on Monday that Iran's retaliatory strikes against Qatar, Saudi Arabia, the United Arab Emirates, Bahrain and Kuwait were a surprise