Page 24 - West Asia

Shift away from oil-based fuel to electricity: MHI tells auto sector

Ministry advises automakers to cut oil-based fuel use, optimise production and explore alternatives amid supply constraints triggered by West Asia conflict

Parliamentary Panel seeks relief for shippers hit by West Asia disruption

Parliamentary panel recommends insurance support, working capital relief and a long-term maritime resilience framework amid rising costs and supply disruptions

West Asia crisis: Jindal Steel doubles Angul complex capacity to 12 MTPA

Jindal Steel doubles Angul complex capacity to 12 MTPA, strengthening domestic production and reducing import dependence amid global supply disruptions

World may face food crisis if West Asia war persists: Brazil Potash CEO

Prolonged conflict in West Asia could disrupt fertiliser supply chains and impact global planting cycles, raising risks of a food crisis, says Brazil Potash CEO Matt Simpson

Trump's peace plan: What is the US 15-point plan to end the West Asia war?

As the West Asia war enters its fourth week, the US has proposed a 15-point ceasefire framework to Iran. The plan focuses on dismantling Tehran’s nuclear and missile capabilities

Bulls charge! Sensex, Nifty zoom nearly 4% in 2 days; investors gain ₹17trn

In the past two trading sessions, the Sensex has surged more than 2,500 points, or nearly 3.5 per cent on a closing basis. Similarly, the Nifty 50 index has added nearly 800 points, or 3.5 per cent

"We've won the war...": Donald Trump on US-Iran war

US President Donald Trump said that the US has won the war, adding that Iran's navy and air force have been completely decimated.

LPG supply to be cut off if households refuse PNG switch: Govt order

The government has mandated that cooking gas LPG supply to households will be discontinued if consumers fail to switch to piped natural gas where such connectivity is available, under a new order aimed at accelerating gas network expansion and reducing reliance on a single fuel. As India grapples with an LPG shortage due to the war in West Asia disrupting supplies from key sources, the government is pushing households and commercial users to switch to piped natural gas (PNG) -- a more convenient alternative that is both domestically produced and sourced through diversified supply. PNG is continuously supplied to kitchen burners through pipelines, eliminating the need to book refills. The Ministry of Petroleum and Natural Gas has notified the Natural Gas and Petroleum Products Distribution (Through Laying, Building, Operation and Expansion of Pipelines and Other Facilities) Order, 2026, aimed at accelerating pipeline infrastructure, easing approvals and promoting a shift from LPG to

Closure of US bases, sanctions relief: What is Iran demanding from Trump?

Iran has responded to Trump proposed 15-point ceasefire plan with sweeping demands including US bases closure in the Gulf and sanctions relief

Shehbaz Sharif briefs Saudi Prince as Pak pushes to mediate US-Iran talks

Pakistan Prime Minister Shehbaz Sharif on Wednesday briefed Saudi Crown Prince Mohammad bin Salman about Islamabad's diplomatic efforts to de-escalate the tenuous West Asia situation. The prime minister said in a statement on X that he spoke with the crown prince and discussed the regional situation in addition to exchanging traditional Eid greetings. The call comes a day after Sharif offered to host talks between the US and Iran for a comprehensive settlement of the ongoing conflict. Sharif said that during the call, he appreciated the Kingdom's restraint and, "I stressed the urgent need for de-escalation, an end to hostilities, and unity in the ranks of the Ummah". "I also briefed His Royal Highness on Pakistan's diplomatic outreach efforts for regional peace and stability. We agreed to remain in close coordination," he said. Sharif also reiterated Pakistan's strong condemnation of the recent attacks on the Kingdom and reaffirmed Islamabad's unwavering solidarity and unequivocal

West Asia war: Why India’s LPG shortage will persist even as new supply routes open

India is staring at a widening LPG supply gap as disruptions in the Strait of Hormuz hit imports. While alternative routes and US cargoes offer some relief, shortages could worsen in April.

Gold, silver ETFs rise up to 6% on early signs of easing West Asia crisis

Gold April futures on the MCX traded higher by 3.78 per cent at ₹1,44,370 per 10 gm, while silver May futures gained 5.54 per cent to ₹2,36,338 per kg

Oil falls over 5%, Asian shares gain over Trump's talk of Iran negotiations

Oil prices fell more than 5 per cent and Asian shares gained on Wednesday over possibilities of a de-escalation of the Iran war and negotiations between the United States and Iran. Tokyo's Nikkei 225 was up 2.8 per cent to 53,721.30 in early trading. South Korea's Kospi gained 3.1 per cent to 5,728.22. Hong Kong's Hang Seng rose 1.2 per cent to 25,374.95, while the Shanghai Composite index was 0.9 per cent higher at 3,914.09. Australia's S&P/ASX 200 climbed 2.2 per cent. Taiwan's Taiex was up 3 per cent. The administration of US President Donald Trump is said to have offered a 15-point ceasefire plan to Iran. Trump's claims of progress being made from talks with Iran this week and his postponement on Monday of a deadline to "obliterate" Iran's power plants over the reopening of the Strait of Hormuz have also fuelled optimism that an end to the Iran war could come soon. With the Strait of Hormuz being a key waterway for crude oil and liquefied natural gas transport, oil and gas ..

Nations race to secure enough fertiliser, prevent food crisis amid Iran war

Top exporters China and Russia are curbing some crop nutrient sales, while the US is loosening shipping restrictions . India, the largest urea buyer, is scrambling for supply

What is the 15-point plan given by US to Iran to end the West Asia war?

The US has proposed a 15-point ceasefire plan to Iran, addressing nuclear and missile programmes and Strait of Hormuz access, even as the ongoing war continues into the fourth week

We have won this, militarily they are 'dead': Trump on West Asia war

Trump said, We're in negotiations right now. I can tell you, they'd like to make a deal. Look, their navy's gone, their air force is gone, their communications are gone

US to send around 1,000 troops from 82nd Airborne Division to West Asia

The American military is preparing to deploy around 1,000 troops from the 82nd Airborne Division to the Middle East, a person with knowledge of the plans told The Associated Press. The troops are to be sent in the coming days, the person said. The unit is considered the Army's emergency response force and can typically be deployed on short notice. The force would include a battalion of the 1st Brigade Combat Team as well as Maj. Gen. Brandon Tegtmeier, the division's commander, and division staff, according to the person, who spoke on condition of anonymity to discuss sensitive military plans. It's the latest addition of American troops after US officials last week said thousands of Marines aboard several Navy ships will be heading to the region. While the Marine units are trained in missions that include supporting US embassies, evacuating civilians and disaster relief, the soldiers of 82nd Airborne are trained to parachute into hostile or contested territory to secure key territo

Never in history, Iran's military been so rapidly obliterated: US war secy

Hegseth, while speaking at the Swearing-In Ceremony for the Secretary of Homeland Security, said that it was the first time in history that Iran's military had been so obliterated

Iran fires missiles at Israel as Trump insists talks are progressing

President Donald Trump says the United States is in talks with Tehran to end the war, even as both sides kept up intense barrages and Iran denied negotiations were underway. The Islamic Republic fired a dozen missile salvos at Israel on Tuesday and rocket attacks by Lebanese militants killed a woman - the first death in Israel by fire from Lebanon during the war. Israel said it carried out an extensive series of strikes on Iranian "production sites" without providing details. Although the volume of Iranian missiles fired at Israel has decreased, Tehran has kept up and indeed increased the pace of its launches, sending millions of Israelis into shelters multiple times a day. Recent failed interceptions have caused deaths and injuries. Trump has delayed his self-imposed deadline for Iran to reopen the Strait of Hormuz. The near-total closure of the crucial waterway has sent fuel prices skyrocketing and threatened the world economy. US stocks swung between losses and gains on Tuesday

West Asia conflict: Crude oil price remains high as attacks continue

Crude prices stayed near $100 per barrel amid ongoing West Asia tensions, while India denied reports of paying Iran for tanker passage through the Strait of Hormuz