West Asia

India receives first Iranian crude oil shipment after seven years

India was once among the largest importers of Iranian crude, attracted by favourable pricing, extended credit terms, and logistical advantages

West Asia crisis: Export of recycled metals hit as war-risk charges persist

Indian exporters continue to face steep war-risk and freight charges despite a ceasefire, with rising logistics costs eroding margins and disrupting supply chains

Nearly 32,000 PNG consumers give up LPG connections amid govt push

Over 31,700 PNG users have given up LPG connections as the government pushes gas adoption amid supply disruptions; new registrations and gasified connections rise sharply

US aware of Iran's capabilities, says Iranian envoy Mohammad Fathali

Iran is open to holding another round of peace talks with the United States, provided it does not make any "unlawful demands" and heeds to Tehran's conditions, Iranian envoy Mohammad Fathali said on Monday. His comments at a media briefing came a day after talks between Iran and the US in Islamabad ended without any breakthrough. "If they (the US) accept our conditions, it is possible," Fathali said, responding to a question. The envoy said the US side made "unlawful" demands during the talks that led to the negotiations ending without results. Fathali also asserted that the Strait of Hormuz is in Iran's territorial water. Asked about US President Donald Trump's threat to blockade Iranian ports, Fathali responded by saying that Washington is aware of Iran's capabilities. Delving into the overall situation in view of the West Asia crisis, the envoy said Iran and India have a "common fate" in the region.

Iran denies charging toll for Indian tankers transiting Strait of Hormuz

India says 15 India-flagged vessels remain stuck in the Persian Gulf

India gets first Iranian oil in 7 years, shows ship tracking data

The Iran-flagged Felicity has reached Sikka Port in western India, while the Curacao-flagged Jaya is at the eastern port of Odisha, the data shows

Fear, relief, and reality: How should investors read markets’ reactions to West Asia war | Iran war

A sharp rally, a sudden dip, and a fragile ceasefire: markets are reacting fast to West Asia tensions. But is the worst really behind us? Or are investors getting ahead of reality?

How West Asia war crippled an Asian food giant and shook global supply | US-Iran war

The West Asia conflict is no longer just a geopolitical crisis. It is now disrupting global food supply chains. From fuel shortages to fertiliser spikes, Vietnam’s Mekong Delta, a key rice exporter,

How West Asia conflict impacted Indian airlines' international business

Even as Iran and the US have agreed to a ceasefire for the next two weeks, the West Asia conflict’s huge impact on India’s air carriers is evident

Crude oil outlook for FY27: What is RBI signalling? | RBI MPC Outcome | Oil prices | West Asia war

The Reserve Bank of India (RBI) has raised its crude oil price assumption to $85 per barrel for FY27. This is higher than the earlier assumption of USD 70 per barrel in H2FY26.

Ships with Iran oil anchor off India as Donald Trump announces blockade

The US had allowed the temporary sale of Iranian oil and petrochemical products already loaded on tankers in late March, as it sought to put a lid on rising oil prices due to the West Asia war

US-Iran war: How West Asia war is reaching India’s farms | Trump | Strait of Hormuz | Crude oil

The war in West Asia is impacting decisions in India’s heartland. From fertiliser shortages to rising input costs and panic buying, farmers in Punjab and Haryana are feeling the pressure.

InterGlobe Aviation shares tank 6% as oil prices rise above $100/bbl

Crude oil prices surged above $100 per barrel as escalating tensions in West Asia spooked investors

From Berlin Blockade to Strait of Hormuz: A history of wartime blockades

As the US plans a blockade of the Strait of Hormuz after failed Iran talks, here's a look at how wartime blockades -- from world wars to today -- have disrupted trade and daily life globally

West Asia war: US blockade of Iran ports begins today as tensions rise

US Central Command said a blockade of Iranian ports will begin Monday at 10 am ET (7:30 pm IST); ships between non-Iranian ports can still pass Hormuz. Here are the top updates at 9 am IST

Trump considering fresh military strikes on Iran after peace talks fail

After 21-hour talks fail, Trump weighs strikes, Hormuz blockade and naval action as Iran's refusal to abandon its nuclear programme stalls negotiations

RBI DG T Rabi Sankar criticises banks' arbitrage trades as rupee weakens

Since the RBI first clamped down to support the battered rupee, which had hit record lows and was staring at the 100 per dollar mark, the local currency has gained around 2%

21 hours in Pakistan: How Vance tried and failed to end a war he opposed

JD Vance leaves Pakistan without a deal as US-Iran talks collapse, deepening uncertainty over ceasefire and escalating tensions in the Strait of Hormuz

Donald Trump vows to block Hormuz after US-Iran peace talks fail

Vance said Iran had chosen not to accept American terms, including not to build nuclear weapons