Page 6 - War Conflict

India faces LNG, LPG supply crunch after 10 days of West Asia war

Government prioritises LPG and LNG supply for domestic use as West Asia conflict disrupts shipments; India also secures alternative supplies that bypass the Strait of Hormuz

25 flights cancelled at Hyderabad Airport amid West Asia crisis

As many as 13 flights from Middle East countries to Hyderabad were cancelled on Tuesday following the ongoing conflict there, airport sources said. The sources further said 12 flights scheduled for leave to various countries in the Middle East were also cancelled. "Thirteen flights from the Middle East to Hyderabad were cancelled today. Similarly, 12 flights that should have left for the Middle East were also cancelled," sources told PTI. Social media is flooded with confused travellers seeking updates on the status of their flights. "I have a flight from Hyderabad to Kuwait and Kuwait to New York. Booking reference: AI6CP4. Can you please confirm if the flights will be running-on 13th March. In the app it's still showing confirmed," Rohit Chalumuri, a travellor posted on 'X'. Over 360 flights at Hyderabad Airport have been cancelled from February 28 till March 10, sources added.

West Asia conflict jolts oil markets as analysts weigh future energy shock

Brent crude briefly surged to $120 a barrel amid supply disruptions in West Asia. Analysts warn that the Iran war could reshape oil price trajectories and pose fresh risks to India's energy security

Putin's mediation proposals on Iran conflict still stand, says Kremlin

Peskov was speaking a day after Putin spoke by phone to US President Donald Trump and, according to the Kremlin, shared proposals aimed at ending the war in Iran quickly

Indian edible oil buyers move to secure prompt shipments as prices surge

India, which meets nearly two-thirds of its edible oil demand through imports, also buys palm oil from Indonesia, Malaysia and Thailand, with shipments typically reaching its ports in about a week

Rising external uncertainties: Iran war can complicate economic management

Economists expect a CAD of about 1 per cent of the country's gross domestic product (GDP) this financial year. This could increase to about 1.5 per cent in 2026-27

Impact of rising crude prices on inflation won't be substantial: FM

Finance Minister Nirmala Sitharaman, in a written statement, said that the medium-term impact of global crude oil price rise on inflation would depend upon several factors

Central banks across Europe face rising rate hike bets amid Iran war

The unusually sharp repricing came as major oil producers cut supply and fears grew of prolonged shipping disruptions, pushing crude above $119 a barrel its highest level since mid-2022

West Asia war: 45K Indian containers stuck; export costs increase fivefold

Exporters stare at either a diversion in routes, or a U-turn to India

Air India adds flights to Europe, North America as West Asia unrest grows

Air India will add 78 flights to Europe, North America and South Asia as the Israel-Iran conflict restricts West Asia airspace and forces airlines to reroute or cancel services

David vs Goliath: Iran war reveals pricing asymmetry of weapons systems

Wars, as the historian Correlli Barnett once argued, are the ultimate audit. They reveal the strengths and weaknesses of states, economies, and institutions

Energy shocks from West Asia will have knock-on effects on India's economy

The Strait of Hormuz is currently closed to shipping, choking off 20 per cent of global oil and gas supply

The world must ensure Iran retains a functioning post-war state machinery

On February 28, the United States and Israel launched a large-scale and unprovoked air and missile attack against Iran, killing Ayatollah Khamenei, Iran's supreme leader

Odisha firm designs India's first advanced long-range strike drone

IG Defence unveils 'Project KAL', an indigenous long-range strike drone capable of carrying explosive payloads up to 1,000 km, aimed at boosting India's unmanned warfare capabilities

US Navy will escort ships through Hormuz 'when reasonable': US Energy Secy

Wright also said Americans should see lower gas prices in weeks, not months

Azerbaijan to evacuate diplomats from Iran over security concerns

Azerbaijan reacted angrily on Thursday to what it said was an incursion by Iranian drones into its Nakhchivan exclave, with President Aliyev threatening retaliation

RIL's telecom, retail and new biz could mitigate impact of West Asia crisis

While the Middle East conflict has hit sentiment, analysts say strong diesel cracks, petchem margins, and rising contributions from telecom, retail and new businesses could soften the blow for RIL

Navy aids Sri Lanka's ongoing search for crew of Iran warship sunk by US

A torpedo from a US Navy submarine sank the Iranian frigate IRIS Dena off Sri Lanka's coast on Wednesday

Iran's Missile Math: $20,000 drones take on $4 million Patriots

US-made Patriot air-defense missiles have been largely successful in stopping the Iranian Shaheds and other ballistic missiles, with interception rates over 90%, according to the UAE

Nato air defences intercept Iran missile over Turkish territory

It was unclear where the missile was headed, but a NATO spokesperson said the trans-Atlantic defence bloc condemned Iran's targeting of Turkey and that it stood firmly with all allies