Page 4 - West Asia

Qatar plans to rapidly boost LNG production after Strait of Hormuz opens

Qatar plans to restore most of its LNG export capacity within two months of Hormuz reopening, easing pressure on global gas markets

Can Modi-Trump meet on at G7 summit help reset strained India-US relations?

Geopolitical tensions in West Asia are driving Gulf-based NRIs towards Indian term insurance plans, attracted by lower premiums and GST exemptions

Deal done, but don't count on cheap Oil yet; cautions Mirae Asset Sharekhan

Shipping data firm Kpler estimates that daily transits may rise to around 40 vessels within the first month - less than half the pre-war average of 100, says Mohammed Imran, of Mirae Asset Sharekhan.

Best of BS Opinion: Hope is not a strategy, capacity is

From geopolitics and women's empowerment to manufacturing, the rupee and technology, lasting progress depends less on hope and more on building capacity

War effect: Gulf-based NRIs double down on Indian term life plans

Geopolitical tensions in West Asia are driving Gulf-based NRIs towards Indian term insurance plans, attracted by lower premiums and GST exemptions

Dubai property market lures bargain hunters despite West Asia situation

Dubai's residential property market continues to attract buyers despite the West Asia conflict, with some investors viewing price corrections as an entry opportunity

Hope versus experience: Optimism over US-Iran deal should be cautious

The US will not impose new sanctions and lift existing sanctions in accordance with an agreed timetable and release $25 billion of Iran's frozen assets

US-Iran to sign peace deal after months of war: What it means for India

After months of conflict, the US and Iran have agreed to a peace deal. The move could lower oil prices, support the rupee, revive India's exports and ease inflation concerns

US, Iran reach deal to end war; signing set for June 19 in Switzerland

The United States and Iran have reached an agreement to end the war and open the Strait of Hormuz, offering relief to the global economy more than three months since fighting began. Full details of the deal were not immediately available. The signing will be Friday in Switzerland. U.S. President Donald Trump confirmed a deal had been reached and said he had authorised an end to the U.S. naval blockade of Iranian ports in the Strait of Hormuz. "Congratulations to all!" he wrote on social media, without providing details. He added, "Ships of the World, start your engines. Let the oil flow!" The U.S. previously said it would ease its blockade of Iranian ports as the strait reopens, and would agree to relax sanctions to allow Iran to sell more of its oil and strengthen its battered economy. Iranian state TV showed a banner asserting: "US was forced to sign an agreement to end the war." But Iran's government had yet to comment. Iranian state media reported key mediator Pakistan's ...

West Asia conflict: From oil to inflation, how did the crisis impact India?

The West Asia crisis affected India through higher oil prices, pressure on the rupee, weaker trade, rising aviation costs and inflation. Here's how the economy absorbed the shock

Sensex rises 1,700 pts; Nifty above 23,600: What's behind the rally? | West Asia war | US-Iran | Oil

Indian stock markets rallied sharply on June 12, with the Sensex soaring nearly 1,700 points to an intra-day high of 75,608.02, and the Nifty50 surged more than 450 points to touch 23,645.35.

US, Iran head to Switzerland for peace deal: Here's what world can expect

After more than three months of conflict, the US and Iran have agreed to a peace framework that includes reopening the Strait of Hormuz and restarting nuclear negotiations

Back to the cradle of India's oil industry amid Northeast energy push

A tripartite pact - amid the promise of removing Afspa from almost all of the Northeast - revives hydrocarbon exploration along the Assam-Nagaland border after decades of dormancy

Donald Trump to meet West Asia partners on sidelines of G7 in France

Iran, energy security and trade tensions dominate the G7 agenda as Trump meets Middle East partners and key allies in France

Shipping min orders restricting deployment of Indians in conflict zone

The Directorate General of Shipping (DGS) has advised maritime recruitment and placement agencies to restrict deployment of Indian seafarers to conflict areas until further orders, days after three Indian seafarers onboard MT Settebello were killed after the US military strike on the commercial vessel off the Oman coast. DG Shipping in a circular said masters of vessels operating in or transiting through the Gulf region, including the Strait of Hormuz and adjoining waters, are advised to maintain heightened security awareness, closely monitor navigational warnings received and advisories issued from Security agencies, and implement all applicable ship security measures and Company Security Procedures. "This Directorate further reiterates that all RPSL companies and shipping companies (maritime recruitment and placement agencies) are advised to restrict deployment or send Indian seafarers to conflict areas until further orders. However, companies may carry out crew change in emergency

Iran says draft US deal includes oil sanctions waiver, nuclear limits

A draft Iran-US memorandum reportedly outlines sanctions relief, reopening of the Strait of Hormuz and negotiations on Tehran's nuclear programme

Indian national dies of medical complications aboard vessel off Oman coast

The Embassy of India in Muscat on Saturday condoled his death and is making arrangements for the repatriation of his mortal remains in India

Vessel with 14 Indian crew members involved in incident off Oman coast

Amid heightened tensions in the Gulf region, the Embassy of India in Muscat on Sunday said it has learnt of an incident involving a vessel with 14 Indian crew members off the coast of Oman. The Indian mission did not share any details about the nature of the incident. Search and Rescue is being coordinated with the Omani authorities and vessels in vicinity of the incident, it said in a post on X. "The Mission has learnt of an incident involving an Indian Flagged Mechanised Sailing Vessel Virat 1, off the coast of Oman, reportedly embarked with 14 Indian crew," the mission said. The Oman coast witnessed tensions last week as three vessels with Indian crew members came under US attack in the region. One of them killed three seafarers.

West Asia crisis has impacted fertilisers, pharma sectors, says Nadda

The Union Minister for Health and Family Welfare and Chemicals & Fertilisers, Jagat Prakash Nadda, said that the ongoing West Asia crisis has affected global supply chains linked to the fertiliser and pharmaceutical sectors, but assured that the Government of India has taken adequate measures to ensure that farmers and consumers do not face any hardship.Addressing mediapersons in Shimla, Nadda on Saturday said India had proactively diversified its sourcing strategy and strengthened supply arrangements to shield the country from disruptions arising out of geopolitical tensions in West Asia.Responding to a question from ANI regarding the impact of the crisis on the pharmaceutical and fertiliser industries, Nadda said the government had adopted a multi-pronged approach to safeguard supplies of medicines, medical devices and fertilisers."Despite the West Asia crisis, we have ensured that there will be no shortage of medicines, medical devices or fertilisers in India. Our farmers and

West Asia crisis: Equities surge most in two months as oil slips below $90

The rally was triggered by a sharp decline in crude prices after US President Donald Trump said a peace agreement could be signed as early as this weekend