West Asia

Oil surge rattles markets; Sensex, Nifty post steepest fall since June 2024

Indian equities tumble as crude oil prices spike amid West Asia tensions, fuelling fears of inflation and slowing growth, with indices logging their sharpest fall in nearly two years

West Asia war forces Indian travellers to look eastwards, inwards

Domestic destinations see an uptick as summer travel plans begin, while Indian travellers shift towards East and Southeast Asia amid geopolitical uncertainty

Oil spikes over $110 amid West Asia crisis; India holds fuel prices steady

To secure supplies, 13 tankers carrying around 3.5 lakh tonnes of LPG are currently headed from the US to India

India condemns West Asia energy attacks, moves to secure supplies

India condemns attacks on energy infrastructure in West Asia, flags risks to LNG and fertiliser supplies, and moves to diversify sourcing to ensure energy security

Urea plants gets additional gas in spot auction; to operate at 80% capacity

Fertiliser companies have purchased additional natural gas from the spot market to ramp up urea production at their plants, which are operating well below capacity due to a fuel shortage amid the West Asia crisis, a senior government official said on Thursday. After the procurement of additional natural gas, urea plants are expected to operate at 78-80 per cent capacity compared to 62 per cent currently. India produced 306.67 lakh tonnes of urea in 2024-25 and imported 56.47 lakh tonnes of the nutrient to meet the domestic demand. The country has imported 98 lakh tonnes of urea in the first eleven months of this fiscal. Fertiliser plants in the country require about 52 million metric standard cubic metres per day (MMSCMD) of natural gas to operate at full capacity, but were receiving only around 32 MMSCMD, meeting barely 62 per cent of their requirement, resulting in a significant shortfall in urea output, the official told PTI. To address this, a spot auction was conducted by the

Iran hits Qatar’s LNG lifeline: Why Ras Laffan is critical to the world | West Asia war

Iranian missile strikes on Qatar’s Ras Laffan LNG hub have rattled global energy markets. But what makes this one site so vital, and why its disruption could impact countries like India?

Govt unveils ₹497 cr RELIEF scheme to aid exporters hit by West Asia crisis

Government launches ₹497 crore RELIEF scheme to support exporters hit by West Asia disruptions, offering risk cover and cost relief on freight and insurance

West Asia war-induced blockage to affect ultra-luxury house prices by 5%

Forced reroutes from Hormuz for ships carrying construction material may raise input costs, delay timelines and push up ultra-luxury housing prices in key cities

Watch Iranians celebrate Ayatollah Khamenei’s death in Paris | Israel-Iran | US-Iran | West Asia

Watch Iranians celebrate Ayatollah Khamenei’s death in Paris | Israel-Iran | US-Iran | West Asia

ECB holds rates as West Asia conflict clouds growth, inflation outlook

"The war in the Middle East...will have a material impact on near-term inflation through higher energy pricesm," the ECB said

'Deeply disturbing': India on attacks on West Asia gas facilities

As fresh attacks on West Asian gas hubs triggered fresh concerns, India on Thursday said such strikes are "unacceptable and need to cease". New Delhi described the attacks as "deeply disturbing" and that they only serve to further destabilise an already uncertain energy scenario globally. Iran targeted several energy infrastructure in West Asia including Qatar's LNG (liquefied natural gas) hub of Ras Laffan in retaliation to Israel's strikes on Iran's South Pars gas fields. "India had previously called for the avoidance of targeting civilian infrastructure, including energy infrastructure, across the region," External Affairs Ministry spokesperson Randhir Jaiswal said. "The recent attacks against energy installations in different locations across this region are therefore deeply disturbing and only serve to further destabilise an already uncertain energy scenario for the whole world," he said. "Such attacks are unacceptable and need to cease," Jaiswal said.

Domestic consumption priority, may review fuel exports plan: Govt

India may curb fuel exports to secure domestic supply as West Asia conflict disrupts energy flows and triggers LPG shortages

CIL ramps up measures to ensure coal supply amid West Asia crisis

Coal India steps up supply measures with increased e-auctions and robust stock levels to ensure uninterrupted coal availability amid disruptions from West Asia crisis

US will launch 'largest strike package yet' against Iran today: Hegseth

The US defence secretary reiterated that only President Donald Trump would decide when the war would end, adding that Iran's naval and missile manufacturing capabilities had been severely eroded

West Asia tensions disrupt travel: What Indian fliers must know before booking | Iran-Israel war

Geopolitical tensions in West Asia are now hitting travel plans. Bookings linked to the routes are seeing 20–25% cancellations and rescheduling.

India's auto boom at risk as West Asia conflict disrupts gas supply

The disruption comes at a time when India's car demand is soaring to record levels, with sales expected to cross 4.5 million units in the current fiscal year to March 31

West Asia situation is a testing time for global community, says MEA

Recent attacks against energy installations in different locations across West Asia are deeply disturbing, MEA added

Watch: Indians stranded in Abu Dhabi return, recount harrowing experience | US-Iran war | West Asia

Watch: Indians stranded in Abu Dhabi return, recount harrowing experience

Modi discusses W Asia conflict with Macron, Sultan of Oman, Malaysia PM

The thrust of the conversations, per his social media posts, was to find a way to restore stability to the region and to continue coordination in the pursuit of de-escalation and peace