Page 2 - West Asia

6 months of West Asia war: Market winners, losers & the road ahead

At the bourses, meanwhile, investors sought refuge in realty, pharma and the metal pack. Their respective indexes on the NSE gained up to 17 per cent thus far, ACE Equity data shows.

​Hormuz disruption to keep oil prices firm; $100/bbl risk looms: Analysts

Rabobank expects Brent to remain volatile in the months ahead, with $70-$75/bbl acting as the lower-end support zone and $95-$100 forming the upper end of the range.

Oil prices extend losses on hopes of easing West Asia supply woes

Brent crude futures were down 60 ​cents, or 0.7 per cent, to $87.24 a barrel by 0004 GMT, down for a fourth day

Indian basmati may get caught in US 'economic onslaught' on Iran

US secondary sanctions on Iran could further hit India's basmati exports, while disruptions in the Strait of Hormuz threaten freight costs and crude-oil supply risks

L&T wins three BESS projects worth over ₹5,000 crore in West Asia

The three battery energy storage projects will collectively add 6 GWh of storage capacity and include grid interconnections, substations and underground cables

Operation Economic Outcast explained: How the US plans to isolate Iran

The US has launched Operation Economic Outcast to isolate Iran by targeting its oil, shipping, technology and financial networks, while warning countries and firms trading with Tehran of sanctions

DP World to stay firm on its $5 billion India promise despite Gulf war

The ports and logistics major expects its planned investments to materialise over five years and is evaluating avenues for deploying the committed capital in India

58% of FY27 fertiliser subsidy budget used in less than 5 months

Over half of India's FY27 fertiliser subsidy has been exhausted in under five months as global prices surged, raising the prospect of higher government spending

Syria foreign minister sees Israel security talks resuming despite no trust

Foreign Minister Asaad al-Shaibani says talks frozen since the Iran war could restart soon, with a proposed deal covering security zones and an Israeli withdrawal

Iran grants permission for some Iraqi oil tankers to pass through Hormuz

Iraq has been among the ‌countries most affected ​by Iran's effective closure of ‌the Strait of Hormuz

US, Iran keep up hostile rhetoric ahead of new economic sanctions

s the war neared six months old, the two sides were not exchanging fire but also not pursuing peace talks

Trump calls Hormuz 'US territory', says Iran will never have nuclear weapon

Addressing a rally in Myrtle Beach, South Carolina, Trump said, "We cannot let them have a nuclear weapon; we cannot let Iran have a nuclear weapon, or you will see some very bad things

Best of BS Opinion: Asim Munir, power, and paranoia

Today's opinions examine the Saudi-Turkiye-Pakistan defence pact, leadership challenges at the Tata group, Asim Munir's growing powers and the political potency of negative branding

Best of BS Opinion: RBI rate hike only a matter of time as inflation looms

Today's opinion pieces examine the RBI's policy outlook, weaknesses in public examinations, state capacity, India's infrastructure financing gap and Omer Bartov's critique of Israel

India turns to Venezuela amid West Asia crude oil supply disruptions

India is widening its crude oil sourcing to Latin America as disruptions linked to the Iran conflict and the Strait of Hormuz push the world's third-largest oil consumer to diversify supplies, ship tracking data showed. Indian crude imports from Venezuela have risen sharply in August, making the South American producer the country's fourth-largest supplier, according to ship-tracking data from Kpler. Venezuelan supplies reached about 444,000 barrels per day, ahead of Iraq's 118,000 bpd and the United States' 153,000 bpd, the data showed. Venezuela's position in India's supply mix has risen rapidly since imports resumed in April. Indian refiners increased purchases of Venezuelan, Brazilian and African crude after disruptions to Middle Eastern supplies, while continuing to rely heavily on Russian oil. Russia remains the dominant supplier, with imports close to 2 million bpd in August. Russian crude imports reached around 2.6 million bpd in June-July, accounting for more than half of .

Urban Company taps Unicommerce to expand operations in UAE, Saudi Arabia

Unicommerce said that Urban Company's arm in West Asia will leverage its flagship platform, Uniware, to manage inventory and fulfilment operations supporting its at-home service ecosystem

US military facilitates oil shipments through secret Hormuz route: Report

The US military has established a discreet shipping corridor through the Strait of Hormuz, allowing millions of barrels of oil to move daily amid disruptions to traffic during the Iran war

Sailors weigh safe harbour against risky passage with higher pay

They can disembark before Hormuz, wait for safer assignments or sail on for hefty bonuses

Datanomics: Diversification helps India's exports thrive despite W Asia war

India's export diversification cushions the impact of the West Asia war, with merchandise exports rising nearly 10% despite a sharp fall in shipments to the region.