"The war in the Middle East...will have a material impact on near-term inflation through higher energy pricesm," the ECB said
As fresh attacks on West Asian gas hubs triggered fresh concerns, India on Thursday said such strikes are "unacceptable and need to cease". New Delhi described the attacks as "deeply disturbing" and that they only serve to further destabilise an already uncertain energy scenario globally. Iran targeted several energy infrastructure in West Asia including Qatar's LNG (liquefied natural gas) hub of Ras Laffan in retaliation to Israel's strikes on Iran's South Pars gas fields. "India had previously called for the avoidance of targeting civilian infrastructure, including energy infrastructure, across the region," External Affairs Ministry spokesperson Randhir Jaiswal said. "The recent attacks against energy installations in different locations across this region are therefore deeply disturbing and only serve to further destabilise an already uncertain energy scenario for the whole world," he said. "Such attacks are unacceptable and need to cease," Jaiswal said.
India may curb fuel exports to secure domestic supply as West Asia conflict disrupts energy flows and triggers LPG shortages
The US defence secretary reiterated that only President Donald Trump would decide when the war would end, adding that Iran's naval and missile manufacturing capabilities had been severely eroded
Geopolitical tensions in West Asia are now hitting travel plans. Bookings linked to the routes are seeing 20–25% cancellations and rescheduling.
The disruption comes at a time when India's car demand is soaring to record levels, with sales expected to cross 4.5 million units in the current fiscal year to March 31
Unlike conventional bombs that explode on impact, bunker-busters drill through layers of soil, rock or concrete before detonating inside the structure
Recent attacks against energy installations in different locations across West Asia are deeply disturbing, MEA added
Watch: Indians stranded in Abu Dhabi return, recount harrowing experience
From India’s Operation Sindoor to the latest US-Israel strikes on Iran, battles are increasingly fought with drones, precision missiles, cyber operations and AI, often without large ground forces.
Bisleri, Coca-Cola, Pepsi, billionaire Mukesh Ambani's Reliance and Tata all compete for a share of the $5 billion market
India advocates de-escalation and return to dialogue and diplomacy, External Affairs Minister S Jaishankar said on Monday on the widening West Asia conflict, while stressing on respect for sovereignty
Indian stock markets tumbled sharply as geopolitical tensions in West Asia pushed oil prices higher, triggered foreign investor selling, and rattled global markets.
The government on Thursday asserted that India's domestic coal production is steadily matching consumer demands, with state-owned Coal India Ltd (CIL) implementing robust measures to secure uninterrupted dry fuel for all sectors, amid escalating tensions in West Asia. As a proactive step, CIL, which accounts for over 80 per cent of domestic coal output, has planned 29 e-auctions in the current month, offering about 23.56 million tonnes (MT) of coal. "Out of these 29 auctions, 5 auctions have already been conducted since March 12, 2026, wherein 73.1 lakh tonnes of coal were offered, and 31.96 lakh tonnes of coal have been booked, indicating adequacy of coal offered in the e-auctions," the coal ministry said in a statement. In addition to this, CIL has also taken necessary action to ensure coal availability to the small, medium and other consumers through the State Nominated Agencies (SNAs) route and requested the State governments to provide the additional coal requirement, which can
The conflict in West Asia is no longer a distant geopolitical story. It is beginning to affect daily life in India. LPG supplies are being rationed, businesses are feeling the squeeze,
The escalating US-Israel-Iran conflict is shaking global markets and India is feeling the impact. India’s largest institutional investor,
Kolkata’s $4.5 billion leather industry is facing fresh uncertainty. After tariff shocks from the US, the ongoing West Asia war is now disrupting logistics and delaying shipments.
The US and Israel's war with Iran has thrust the Strait of Hormuz once again into the crosshairs of a geopolitical conflict. Iran has ground to a halt nearly all traffic in the waterway that connects the Persian Gulf to the rest of the globe's oceans, shutting down a critical path for the world's flow of oil. Attacks on commercial ships and threats of further strikes have stopped nearly all tankers from carrying oil, gas and other goods through the passage. That's also led to cuts from some of the world's largest producers, because their crude has nowhere to go. This is hardly the first time the Strait of Hormuz has been weaponised. Ship seizures and past fighting in the region have raised alarm for commercial ships, at times severely disrupting their ability to sail through. Iran has also repeatedly threatened to close the strait in response to sanctions and other tensions over the years, but stopped short of cutting off traffic entirely. Even with the bulk of traffic halted amid t
European Union leaders are holding a summit in Brussels on Thursday for talks on the Iran war, energy prices, migration and an enormous loan for war-ravaged Ukraine being held up by Hungary. Many of those leaders have deflected entreaties by US President Donald Trump to send military assets to secure the Strait of Hormuz, a key waterway for the global flow of oil, gas and fertiliser. Rising energy prices because of the war and fears in Europe of a new refugee crisis have pushed leaders to make the Middle East one of the top priorities at the summit. The European Commission, the EU's executive branch, has floated the idea of a "toolbox" of measures to lower energy prices for leaders to discuss because no single policy will work across the myriad markets in the 27-nation bloc to blunt economic shocks from the war, according to a senior European diplomat who wasn't authorised to be publicly named so spoke on condition of anonymity. The summit will also focus on a long-brewing standoff
Israel's strike on South Pars has put focus on the world's largest gas field shared by Iran and Qatar, a key source of energy that powers both economies and influences global gas supply