Page 2 - West Asia

West Asia conflict Day 11: Iran warns of oil blockade, India secures LNG

Markets and oil prices remain volatile as the conflict intensifies; India secures additional gas supplies while Gulf nations intercept missiles and drones. Here are the top developments of the day

Reliance boosts LPG production at Jamnagar to stabilise domestic supply

Reliance Industries is taking proactive steps and in line with the government guidelines, the company said in a statement

JNPA waives charges on stuck cargo, exporters to get ₹12 crore relief

JNPA waives dwell time and reefer plugin charges for Middle East-bound export cargo stuck amid the West Asia crisis, while DG Shipping asks shipping lines to avoid opportunistic pricing

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.

Cyber fraudsters dupe 76,794 people of ₹712 crore in Odisha in 18 months

Cyber fraudsters duped nearly 77,000 people in Odisha of about Rs 712 crore in the last 18 months, Chief Minister Mohan Charan Majhi told the state Assembly

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

GIC Re war-risk curbs over West Asia war expose cracks in marine insurance

GIC Re's decision to withdraw war-risk cover in sensitive maritime zones highlights the fragile economics of marine insurance and raises concerns for Indian refiners dependent on global oil shipments

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

Iran's security chief warns Trump to 'be careful not to be eliminated'

Ali Larijani wrote the message on X Tuesday after Trump threatened to attack Iran "TWENTY TIMES HARDER" if Tehran stopped oil flowing through the Strait of Hormuz

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

Allana Group plans to ship 40,000 tonnes of food products to West Asia

Allana Group operates in over 70 countries across the globe, with West Asia being one of its major markets

India to boost coal use for summer as West Asia crisis hits LNG supplies

India has invoked emergency provisions and declared force majeure, reprioritising natural gas supplies to key sectors such as households and fertiliser plants

West Asia war digest, March 10: Stories tracking the economic fallout

From crude spikes and market volatility to fertiliser, LPG and tech risks, here's a snapshot of Business Standard's coverage of how the West Asia conflict is rippling through India's economy

Why Kharg Island remains a critical red line in West Asia conflict

Kharg Island handles most of Iran's oil exports and is vital to its economy. Despite rising Israel-Iran tensions and strikes on other targets, the small Gulf island has remained untouched so far

West Asia conflict threatens Indian economy's 'Goldilocks' phase

Surging crude oil prices amid the West Asia conflict threaten the RBI's 'Goldilocks' phase, raising inflation concerns and complicating monetary policy as growth headwinds intensify

Buffalo meat exporters recall West Asia consignments amid spoilage fears

Saudi Arabia, Bahrain, Dubai and the UAE are the major destinations for Indian buffalo meat exports

Bengaluru hotels face shutdown from March 10 amid commercial LPG shortage

Hotel and restaurant operations in the city are likely to be affected starting March 10, following a sudden and total halt in the supply of commercial gas cylinders, the Bangalore Hotels Association said on Monday. This development comes amid rising energy costs and supply constraints caused by the West Asia conflict. "Since the gas supply has stopped, the hotels will be closed from tomorrow," the association said in a release. Noting that the supply of commercial gas cylinders stopped today, it said, since the hotel industry is an essential service, common people, students, and medical professionals, who rely on the hotels for daily meals, will be affected. "In addition, our hotel industry will also face difficulties until the gas supply returns to normal," it added. The association said oil companies had guaranteed an uninterrupted gas supply for 70 days, making the sudden stoppage a "big blow" to the hotel industry. "Therefore, we expect the concerned Union Ministers to take .

Trade in turmoil: Conflict and tariffs dim the shine of Surat diamonds

With the war in West Asia upending global trade, the first part of a series examines how the global diamond hub is grappling with the raging crisis and also tariff uncertainty