Page 2 - West Asia

West Asia war a blow to Kerala's remittance-backed economy: CM Satheesan

Satheesan speaks about the impact of the West Asia war, a proposed high-speed rail project in the state and the Adani group's stake sale plan in the Vizhinjam port project

Iran's Red Sea threat likely to deepen energy supply risks for India

A closure of the Bab el-Mandeb Strait could disrupt Saudi crude shipments, forcing India to rely more on alternative suppliers and increasing risks to LPG supplies

Iran threatens to shut Bab el-Mandeb: What it means for India and the world

Iran has asked Yemen's Houthis to prepare for a possible closure of the Bab el-Mandeb Strait, raising concerns over its impact on global shipping, energy markets and trade

Iran tells Houthis to close Red Sea gateway if US targets power network

Iran has asked Yemen's Houthis to prepare to close the Bab el-Mandeb Strait if the US attacks its power infrastructure, threatening another major global oil route

An unreasonable Bill: Tariffs on Russian oil importers make no sense

A proposed US Bill targeting buyers of Russian oil could disrupt India's energy security and trade, even as West Asia tensions threaten global oil supplies

ITC Hotels posts 36% rise in Q1 FY27 profit, flags West Asia uncertainty

The hospitality company reported higher June-quarter earnings on revenue growth but cautioned that the West Asia conflict has disrupted air travel and added to inflationary pressures

Gulf nations race to build oil routes beyond Hormuz amid Iran conflict

As tensions with Iran expose the risks of the Strait of Hormuz, Gulf nations are investing in new pipelines and ports to secure oil exports and reduce dependence on the key waterway

Chhoti SIPs gain scale but face high exit rush amid West Asia conflict

High market volatility, strained household budgets likely factors

US launches fresh strikes on Iran as escalation threatens shipping

The US launched fresh strikes on Iranian military sites as Tehran threatened wider energy disruptions, escalating tensions over the Strait of Hormuz

West Asia conflict: India summons Iranian envoy over vessel attacks

India lodged a strong protest with Iran after attacks on two UAE-linked merchant vessels in the Strait of Hormuz killed one Indian seafarer and injured 10 others

Tracking every Indian seafarer, irrespective of vessel's flag: Sonowal

Shipping Minister Sarbananda Sonowal ordered real-time monitoring of all Indian seafarers and tighter safety measures after attacks on two merchant vessels in the Strait of Hormuz

Trump steps back from proposal for Hormuz fees in favour of Gulf deals

Donald Trump abandoned plans to impose a 20 per cent fee on shipping through the Strait of Hormuz, saying he would instead seek trade and investment deals with Gulf states

Wealth opportunities exist across market spectrum: Baldev Prakash, SBICAP

Wealth creation opportunities exist across all the cohort of market and investors are recommended to adopt bottom-up stock specific approach, says Baldev Prakash, MD & CEO of SBICAP Securities.

Iran blockade reinstated, US to charge 20% on Strait of Hormuz cargo: Trump

Donald Trump said the United States would reinstate a naval blockade on Iran and impose a 20 per cent charge on cargo moving through the Strait of Hormuz

India's exports to West Asia region evened out in June: Commerce Secy

India's exports to the West Asian region have "evened out" in June, as it has recorded a 7.29 per cent year-on-year growth to USD 5 billion, Commerce Secretary Rajesh Agrawal said on Monday. The shipments to the region had declined in March due to the US-Iran conflict, but improved in April and further in May. "Our exports to the Middle East have evened out," he told reporters here. The shipments in June 2025 were USD 4.67 billion. The country's exports to the UAE rose 3.57 per cent to USD 2.7 billion, but shipments to Saudi Arabia declined by 4.42 per cent to USD 768.56 million. On the other hand, imports from the UAE and Oman have registered a positive growth. But it dipped by 29.75 per cent from Saudi Arabia. Indian exporters are using three ports (Duqm, Sohar and Salalah) in Oman to push exports to the region. The US-Iran conflict has severely impacted the movement of ships carrying cargoes in international waters, particularly through the Strait of Hormuz. India normally ex

Russian crude discounts, high freight stall India's return to West Asia oil

Record tanker freight rates, opaque Iranian supply channels and sharply higher discounts on Russian crude have kept Indian refiners reliant on Russia despite the revival of West Asian supplies

Yatra Online partners with Kanoo Travel for West Asia travel expansion

The partnership marks Yatra Online's first major international expansion, with Kanoo Travel deploying its enterprise travel and expense management platform across West Asia

Gold can fall up to 16% to $3400/oz, say analysts; should you buy the dip?

Already in the bear territory after receding 27% from its record high level, analysts foresee further decline in gold prices of up to 16% to $3400-3500 levels.

US launches fresh strikes on Iran as standoff over Hormuz escalates

The US military said it has launched another round of strikes against Iran "to degrade their ability to attack commercial ships freely transiting the Strait of Hormuz." The strikes, which took place overnight and into early Monday in Iran, came after attacks by the military on Sunday morning in response to an Iranian strike on a container ship in the critical waterway the day before. Iran responded to those strikes by attacking Gulf Arab states in an escalating cycle of violence that left the negotiations between Tehran and Washington to end the war at the edge of collapse. AP's earlier story follows below The United States attacked Iran on Sunday over an Iranian strike on a container ship in the Strait of Hormuz that set it ablaze and left a crew member missing. Iran responded with attacks on Bahrain, Kuwait, Qatar, Jordan and Oman - the nation on the other side of the strait that Tehran has pressed to collaborate in managing shipping traffic. The US struck again later in the day

India better prepared to handle Strait of Hormuz disruption this time

India has secured crude oil and LPG supplies for the near term, limiting the immediate impact of the renewed Strait of Hormuz closure, though prices are expected to rise