Page 21 - West Asia

Markets crash: Sensex down 1,700 pts intraday, Nifty below 23k; key reasons

Stock Market crash today: Sensex and Nifty 50 snapped their two-day gaining streak on Friday after US President Donald Trump extended his deadline for Iran to reopen the Strait of Hormuz to April 6

Govt imposes taxes on fuel exports as West Asia conflict jolts supply

The country raised LPG prices earlier this month and subsequent speculation around a likely increase in pump prices of diesel and gasoline has led to panic buying

Housing sales in Jan-Mar dip 7% due to West Asia conflict: Anarock

Housing sales rose 9 per cent annually to over 1.01 lakh units in January-March across top-seven cities on low-base effect but fell 7 per cent from the previous quarter amid global economic uncertainties due to the West Asia conflict, according to Anarock. Sales increased to 1,01,675 units during the current quarter from 93,280 units in the year-ago period. Real estate consultant Anarock said the sales in value terms grew 6 per cent to Rs 1.51 lakh crore during the January-March period from Rs 1.42 lakh crore in the corresponding period of the preceding year. Anarock, however, pointed out that housing sales fell 7 per cent in volume terms and 6 per cent value wise from the previous quarter because of West Asia conflict. In the fourth quarter of the last calendar year, 1,08,970 units were sold for Rs 1.60 lakh crore. Anuj Puri, Chairman of Anarock Group, said, "While India's residential segment's long-term fundamentals remain strong, the short-term tremors of the Iran War were clea

Petrol excise cut: How fuel taxes fill govt coffers and who gets the money

The Centre's excise duty cut has put the spotlight back on petrol and diesel taxes, a major revenue source for both Centre and states and a key pillar of government finances

India cuts fuel duty on petrol & diesel, imposes export levy on diesel, ATF

Ministers say decision aims to cushion consumers and support oil marketing companies as crude prices surge amid Iran War

Strait of Hormuz opens to ships but marine covers to stay pricey

Insurance brokers say war-risk premiums will remain elevated as uncertainty persists in West Asia despite Iran allowing passage for non-hostile vessels through Hormuz

How is West Asia conflict impacting metal companies? Axis Sec decodes

Nifty Metal fell as much as 1.6 per cent in trade to day's low at 11,156.7. At 10:49 PM, 14 out of 15 stocks on the index traded with losses

Why India cut fuel excise duty now and what it means for petrol prices

India's excise duty cut on petrol, diesel comes amid rising global oil risks linked to West Asia tensions; here's why the move matters, how fuel prices are calculated, and what it means for consumers

Govt cuts excise duties on petrol, diesel by ₹10/litre each amid Iran war

The move comes against the backdrop of a global energy crisis triggered by the US-Israel conflict with Iran and Tehran's blockade of the Strait of Hormuz

Asian stocks extend global rout, bonds hammered as Iran war drags on

Investors took ​a modicum of comfort from US President Donald Trump's decision to extend his ultimatum to strike ​Iranian power plants by 10 days

Oil prices fall as Trump pauses attacks on Iranian energy plants

Brent futures fell 90 cents, or 0.8 per cent, to $107.11 per ‌barrel as of 0024 GMT, while US West Texas Intermediate futures lost 83 cents, or 0.88 per cent, to $93.65 per barrel

From crude to currency: Key triggers that could influence markets in FY27

Foreign outflows, the West Asia conflict, rupee depreciation, uncertainty around US tariffs, and elevated valuations were among the key factors that influenced investor sentiment

Energy prices, inflation to ease once Iran war ends: US treasury secy

The Treasury Secretary expressed strong confidence in the resilience of global trade routes, suggesting that shipping traffic will continue to increase on a daily basis, even before Strait is secured

'Talks going well': Trump extends pause on Iran energy strikes till April 6

US President Donald Trump extended a pause on planned attacks on Iran's energy infrastructure by 10 days, citing productive negotiations even as tensions in West Asia persist

Why Iranian oil may not plug India's widening crude sourcing gap

Indian refiners find the Iran oil supply chain difficult to navigate, especially within the limited waiver window set by Washington for the oil to be delivered and paid for

West Asia conflict: Bankers suggest Covid-like moratorium for MSMEs

Flag cash-flow risks to RBI, Centre amid West Asia war

Global markets slip on higher crude oil prices amid West Asia war

US-Iran clashes weigh on sentiment. Dollar rises as safe-haven appeal revives

West Asia conflict impact: A peek into the biggest losers on bourses

West Asia conflict triggers sharp sell-off in Indian markets, with realty, banking and auto stocks leading losses amid energy shock fears

Energy crisis: Let prices adjust for a sustainable long-term solution

The cost of the Indian basket, however, has increased more sharply to over $156 per barrel due to disruptions in supplies from West Asia

India among 5 nations granted passage via Strait of Hormuz by Iran

Iran allowed India and a number of other "friendly nations" including China and Russia to use the Strait of Hormuz for commercial shipping, Iranian Foreign Minister Seyed Abbas Araghchi has said. Global oil and gas prices have surged after Iran virtually blocked the Strait of Hormuz, a narrow shipping lane between the Persian Gulf and the Gulf of Oman, that handles roughly 20 per cent of global oil and LNG (Liquefied Natural Gas). West Asia has been a major source of India's energy procurement. "We have permitted certain countries that we consider friendly to pass through (Strait of Hormuz). We allowed China, Russia, India, Iraq, and Pakistan to transit," Araghchi said, according to Iranian State TV. At the same time, the Iranian foreign minister made it clear that ships linked to Iran's adversaries will not be allowed to transit through the strategic waterway. "We are in a state of war. The region is a war zone, and there is no reason to allow the ships of our enemies and their .