Page 2 - West Asia

PM Modi calls for rules-based maritime order amid rising Hormuz tensions

Modi stresses shared prosperity and responsibility at Sagarmanthan, as the shipping ministry announces an industry coalition for the India-EU Green Shipping Corridor

Global turmoil may mean multiple routes for IMEC to keep trade resilient

Gerard Mestrallet says IMEC needs agility and multiple routes to account for contingencies that could choke parts of the trade network connecting three continents

West Asia crude exports exceed pre-war levels despite tanker attacks

West Asia crude exports exceeded pre-war levels on four days in late September even as tanker attacks increased in and around the Strait of Hormuz

L&T wins power transmission orders worth up to ₹15k cr in India, West Asia

L&T's Power Transmission & Distribution (PT&D) business has secured multiple orders in India and overseas to strengthen power transmission infrastructure and facilitate renewable energy evacuation

Team up against unilateral action: Shaktikanta Das to Global South

Urges trade and energy diversification as US tariffs and West Asian conflict escalate crude import pressures

Why global diesel prices are rising and Indian retailers are limiting sales

A global diesel supply squeeze has pushed up prices as Gulf and Russian supplies face disruptions; in India, industrial buyers are turning to petrol pumps, putting pressure on retail outlets

India so far successfully navigated crude supply disruption, says Puri

"So far we have navigated that uncertainty. In fact, I would say we have insulated ourselves from the turbulence," Puri said while speaking about the country's energy security

Russia remains India's top crude supplier in September amid supply squeeze

Russia supplied 1.74 million barrels per day of crude to India in September through September 27, as constrained West Asian supplies limited alternatives for refiners

Bullion may stay volatile as US data, W Asia tensions take focus: Analysts

Gold and silver are expected to face another choppy spell, with US data, West Asia tensions and their impact on crude prices set to test bullion sentiment during a holiday-shortened week, analysts said. Market participants will shift their focus to the US data calendar, with consumer confidence, GDP and PCE inflation readings, alongside Eurozone inflation. Additionally, manufacturing PMIs, speeches from Federal Reserve officials and the US non-farm payrolls report will provide further cues for bullion sentiment, they added. Geopolitical uncertainty will continue to play a role, particularly the US-Iran standoff, after US President Donald Trump said that he rejected Tehran's proposal to reopen the Strait of Hormuz within a week and resume nuclear talks in exchange for lifting the naval blockade. Commodity markets would remain closed on Friday for Mahatma Gandhi Jayanti. "The broader outlook remains cautious with volatility likely to stay elevated as the market will closely focus on

Saudi Arabia eases oil crunch with nearly 100 million barrel sales to Asia

The crude for delivery in October and November will be sent via the Strait of Hormuz

West Asia troubles may exacerbate: Oil minister Hardeep Singh Puri

Oil Minister Hardeep Singh Puri said India has navigated the crisis so far, but closure of key chokepoints could create supply challenges if the conflict escalates

Alibaba Group to add data centres in Europe, West Asia in AI push

The Chinese ecommerce leader will set up its first cloud regions in Turkey, Finland and the Netherlands over the next 12 months

US renews West Asia travel alert, warns Iran conflict may escalate rapidly

At least 11 US embassies cautioned about possible travel disruptions

Who pays for UPI? | MDR | UPI charges | BRICS | West Asia | Tata Sons | Macro Matters Ep 8

In this episode of Macro Matters, Ankur Bhardwaj speaks with A K Bhattacharya, Archis Mohan and Sanjeeb Mukherjee on UPI charges, Tata’s succession question, an expanded BRICS and how the West Asia.

PM Modi, UAE Prez discuss West Asia, strategic partnership in phone call

Prime Minister Narendra Modi on Friday received a telephone call from UAE President Sheikh Mohamed bin Zayed Al Nahyan, and the two leaders exchanged views on West Asia

Two vessels with Indian crew onboard attacked near Strait of Hormuz

Six Indian-flagged vessels and eight foreign-flagged vessels of Indian interest are currently in the Persian Gulf, carrying a total of 153 Indian seafarers

Gold, US Treasuries surge as crude oil slide eases inflation concerns

Gold rebounds after three days of losses as lower oil prices ease inflation concerns and Treasury yields retreat

Brics declaration balances tariffs, sanctions and West Asia concerns: GTRI

At the 18th Brics Summit, the New Delhi Declaration has criticised tariffs, sanctions and carbon trade measures linked to Western countries without naming them

Brics Declaration addresses West Asia tensions, condemns Pahalgam attack

The unanimous statement voices concern over West Asia, Gaza, Sudan and Syria, condemns the Pahalgam terror attack and flags rising military spending and nuclear risks

West Asia war strains margins for apparel makers as raw material costs rise

The West Asia war is driving up polyester, cotton, energy and freight costs, squeezing apparel manufacturers and potentially pushing clothing prices higher