Page 9 - Us-iran Tensions

Oil Minister Puri rules out fuel shortage as LPG production raised sharply

Oil Minister Hardeep Singh Puri On Tuesday assured that there is no fuel supply issue and said the government has ramped up LPG production from 35,000-36,000 tonnes/day to 54,000 tonnes amid West Asia conflict. Speaking at the CII Annual Business Summit, Puri said there is no LPG supply issue and the country has 69 days of crude oil, LNG stock and 45 days of LPG stock. "LPG production has been ramped up from 35,000-36,000 tonnes/day to 54,000 tonnes amid West Asia conflict," he said. The Oil Minister said PM Narendra Modi's austerity appeal should be taken as a wake up call and urged to start thinking of "measures" to lessen fiscal strain from West Asia conflict. "PM Narendra Modi's austerity appeal is a wake up call to start thinking of measures to lessen fiscal strain from West Asia conflict," Puri said at the summit. Modi on Sunday called for judicious use of fuel, postponement of gold purchases and foreign travel, among other measures, to strengthen the economy. Addressing a

Safe-haven surge: Silver ETFs soar 6% amid geopolitical stress, oil spike

MCX Silver opened with a slight gap up and is trading within the ₹280,000-₹282,000 zone, sustaining well above the ascending trendline as bullish momentum builds

Rupee falls to record low of 95.63 against US dollar in early trade

The rupee depreciated 35 paise to a record low of 95.63 against the US dollar in early trade on Tuesday, after US President Donald Trump said that the ceasefire with Iran was on life support with hopes for a deal with the country fading, triggering a surge in crude oil prices. Market sentiments remained dominated by fears that the 10-week-old conflict could further tighten global supply, particularly after Trump rejected Tehran's latest response to a US-backed peace proposal, calling it totally unacceptable. At the interbank foreign exchange market, the rupee opened at 95.57 against the US dollar and then fell further to an all-time low of 95.63 against the greenback, down 35 paise from its previous close. On Monday, the rupee tanked 79 paise to settle at its record low of 95.28 against the US dollar. "Oil prices were largely steady in Asian trade on Tuesday after climbing nearly 3 per cent in the previous session, as US President Trump said that the ceasefire with Iran was on life

Nations brace for long-term economic woes as Trump rejects Iran's proposal

President Trump said the fragile cease-fire was on 'life support,' and India's leader urged residents to cut back on purchases and travel

Nations brace for long-term economic woes as Trump rejects Iran's proposal

President Trump said the fragile cease-fire was on 'life support,' and India's leader urged residents to cut back on purchases and travel

Mid-, small-cap rally likely to turn stock-specific amid valuation concerns

While the small- & mid-cap rally may not sustain the extraordinary pace witnessed in recent months, a sharp reversal also appears unlikely amid strong domestic liquidity, writes Srimal of Axis Direct

Mid-, small-cap rally faces big question: Resilience or risk mispricing?

Several SMID companies are trading at substantial premiums to historical averages, reflecting expectations of uninterrupted earnings growth. That assumption may prove fragile, says Apurva Sheth

US left negotiating table, destroyed nuclear talks twice: Iranian official

Iranian Foreign Ministry spokesperson said that they are under a nominal ceasefire, as, under international law, the blockade itself is considered an act of war

US left negotiating table, destroyed nuclear talks twice: Iranian official

Iranian Foreign Ministry spokesperson said that they are under a nominal ceasefire, as, under international law, the blockade itself is considered an act of war

'Economic Fury': US sanctions 12 entities over sale of Iranian oil to China

US Treasury Department accused the IRGC of using the revenue to direct it towards weapons development, backing terrorist proxies and funding security forces

'Economic Fury': US sanctions 12 entities over sale of Iranian oil to China

US Treasury Department accused the IRGC of using the revenue to direct it towards weapons development, backing terrorist proxies and funding security forces

Pakistan parked Iranian military planes on its airbases to avoid US strikes

Pakistan, which is playing mediator to end the US-Iran war, allowed Iranian military aircraft to park on its airfields to shield them from American airstrikes, CBS News reported here quoting US officials. The report also claimed that Iran had also parked its civilian aircraft in neighbouring Afghanistan to protect it from US airstrikes. Reacting to the report, Republican Senator Lindsey Graham called for a complete re-evaluation of Pakistan's role as a mediator to end the US-Iran war that broke out on February 28 and has been put on pause since April 8. "If this reporting is accurate, it would require a complete reevaluation of the role Pakistan is playing as mediator between Iran, the United States and other parties," Graham, the Senator from South Carolina, said in a post on X. "Given some of the prior statements by Pakistani defense officials towards Israel, I would not be shocked if this were true," Graham said. The CBS report, quoting unnamed US officials, said that Iran has

Pakistan parked Iranian military planes on its airbases to avoid US strikes

Pakistan, which is playing mediator to end the US-Iran war, allowed Iranian military aircraft to park on its airfields to shield them from American airstrikes, CBS News reported here quoting US officials. The report also claimed that Iran had also parked its civilian aircraft in neighbouring Afghanistan to protect it from US airstrikes. Reacting to the report, Republican Senator Lindsey Graham called for a complete re-evaluation of Pakistan's role as a mediator to end the US-Iran war that broke out on February 28 and has been put on pause since April 8. "If this reporting is accurate, it would require a complete reevaluation of the role Pakistan is playing as mediator between Iran, the United States and other parties," Graham, the Senator from South Carolina, said in a post on X. "Given some of the prior statements by Pakistani defense officials towards Israel, I would not be shocked if this were true," Graham said. The CBS report, quoting unnamed US officials, said that Iran has

Iran prepared for every scenario with surprises, seeks end to war: Official

When it comes to our military might and military capacities, I'm not going to go into details, but I can assure everyone that Iran has many surprises, Esmaeil Baghaei said

Iran prepared for every scenario with surprises, seeks end to war: Official

When it comes to our military might and military capacities, I'm not going to go into details, but I can assure everyone that Iran has many surprises, Esmaeil Baghaei said

Ceasefire on life support: Trump calls Iran's proposal 'piece of garbage'

Reiterating his claims that Iran has been defeated militarily, Trump said that whatever little Iran had built up in the period of ceasefire, the US would 'knock that out in about a day'

Ceasefire on life support: Trump calls Iran's proposal 'piece of garbage'

Reiterating his claims that Iran has been defeated militarily, Trump said that whatever little Iran had built up in the period of ceasefire, the US would 'knock that out in about a day'

US, Israel must be held accountable for conflict they started: Iran

With the West Asia conflict disrupting global supply chains, a top Iranian official has said that Tehran is "not happy" about India and other countries facing its consequences and asserted that this was "caused" by the US and Israel. In an interview to India Today, Iranian foreign ministry spokesperson Esmail Baghaei also said the US and Israel have to be "held accountable" by the international community for "what they started and are still continuing". Asked if he saw any end to this conflict as countries like India are suffering because of its impact and choking of the Strait of Hormuz, Baghaei said, "You have to see what happened on February 28. Before that, the Strait of Hormuz was open and free to every country." "Iran was forced to take certain measures under international law, and I have to stress this: what Iran did is allowed under international law because we had to face aggressors, the United States and Israel, who were abusing the soil of other Persian Gulf states to ...

Donald Trump calls Iran proposal 'stupid' amid West Asia conflict

Speaking to reporters in the Oval Office, Trump reiterated that Iran would not be allowed to develop a nuclear weapon

Netanyahu says Israel wants to phase out US military assistance: Report

The US currently provides Israel with $3.8 billion a year in military assistance under a 10-year agreement originally negotiated by the Obama administration that lasts through 2028