Page 23 - West Asia

Iran ready to provide technical support to commercial ships in Hormuz

According to IRNA, the maritime authority stated that ships may access a range of services, including provisions, fuel supply, medical assistance, health services

US Navy fires at Iranian-flagged vessel in Gulf of Oman as part of blockade

According to CENTCOM, US forces acted after the vessel, identified as M/T Hasna, did not comply despite repeated warnings while transiting international waters toward an Iranian port

Peace deal with Iran 'possible', held 'good talks' over 44 hours: Trump

He further claimed that recent engagements between Washington and Tehran had shown progress, while reiterating his administration's hardline stance on Iran's military capabilities

India needs energy storage policy to manage supply shocks: S&P Global

S&P Global said India requires a comprehensive energy storage policy to tackle supply disruptions amid high dependence on crude oil, LNG and LPG imports

US, Iran closing in on one-page memo to end war as talks progress: Report

The US expects Iranian responses on several key points within the next 48 hours. However, it also cautioned that no agreement has been reached yet

2W industry to grow high single digits despite West Asia crisis: Hero

About 21.71 mn two-wheelers were sold in India in FY26, recording a 10.7% year-on-year growth, primarily driven by the GST rate cuts implemented in September 2025

L&T top loser among Sensex stocks, down 4% in firm market; here's why

Q4 execution was impacted by ₹5,000 crore revenue slippage due to supply chain disruptions in the Middle East and delays in water projects, indicating near-term execution headwinds.

Iran enforces new rules in Hormuz; mandates prior permits for vessels

Shipping companies planning to navigate the chokepoint will now receive electronic instructions from an address affiliated with the Persian Gulf Strait Authority

Asian markets hit records on AI euphoria, US-Iran peace deal hopes

MSCI's broadest index of Asia-Pacific shares outside Japan jumped 2.3 per cent to a fresh record, led by a 5.1 per cent surge in South Korea's Kospi

Trump says great progress in agreement with Iran, suspends Project Freedom

President Donald Trump has suspended "Project Freedom," to escort ships through the Strait of Hormuz, claiming progress in negotiations with Iran toward an agreement to end the war. In a post on Truth Social, Trump said, "Great progress has been made toward a complete and final agreement withrepresentatives of Iran." "Based on the request of Pakistan and other Countries, the tremendous Military Success that we have had during the Campaign against the Country of Iran and, additionally, the fact that Great Progress has been made toward a Complete and Final Agreement with Representatives of Iran, we have mutually agreed that, while the Blockade will remain in full force and effect, Project Freedom (The Movement of Ships through the Strait of Hormuz) will be paused for a short period of time to see whether or not the Agreement can be finalized and signed," Trump said.

Geopolitical events rarely cause lasting damage to growth: Radhakrishnan

Near-term earnings may face pressure from geopolitical tensions, but improved valuations and strong fundamentals keep India's long-term market outlook intact

Crude at $125: Why Oil Is not hurting Indian oil firms as much as expected | West Asia war

Brent crude has surged to a four-year high of $125 per barrel. But there’s an unexpected twist. Falling spot premiums are cushioning the blow for India’s oil companies.

Iran vows kinetic response to Trump's naval mission in Strait of Hormuz

The US operation, intended to escort stranded vessels out of the strategic waterway, is reportedly scheduled to commence within the coming hours

How Iran war is fueling a global pistachio crisis | US-Iran war | Trump | West Asia war

A war thousands of kilometres away is now hitting dessert shelves worldwide. From viral Dubai chocolate bars to baklava and ice cream, pistachio prices are soaring as conflict in Iran disrupts global

'Sell in May' not a good approach in 2026, says tech analyst Ajit Mishra

Nifty may remain rangebound in near-term; investors may prefer a calibrated strategy - staying invested while selectively booking profits in overheated stocks, says Ajit Mishra of Religare Broking.

West Asia conflict: Indian carriers cut 25% weekly int'l flights in May

Several foreign carriers have expanded operations to India

Statsguru: Trouble in India's fertiliser sector amid West Asia crisis

Russia and Saudi Arabia were the largest sources for India's fertiliser imports in FY26

West Asia crisis does not change long-term growth outlook: Chirag Setalvad

Near-term earnings may face pressure from geopolitical risks and oil prices, but improved valuations and strong fundamentals keep India's long-term equity story intact