Page 42 - West Asia

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 .

Fertiliser output may fall 10-15% if West Asia crisis persists: Crisil

India's annual domestic output of urea and complex fertilisers is likely to decline by 10-15 per cent due to supply chain disruptions caused by the ongoing conflict in the Middle East, a Crisil Ratings report said on Thursday. "The ongoing issues in the Middle East could disrupt the fertiliser supply chain at a crucial time for the kharif season. Disruption in LNG and ammonia supplies continuing for about three months could cut domestic urea and complex fertiliser production by 10-15 per cent," Crisil Ratings Director Anand Kulkarni said. However, he said the impact on production will be cushioned to some extent by the recent government directive allocating 70 per cent of gas to urea manufacturers. He added that the fertiliser inventory of around three months, along with expected imports from alternative sources, will mitigate the risk of immediate supply shortages. Further, Crisil Ratings said the increase in prices of raw materials and imported fertilisers is likely to increase .

Jaishankar in France for G7 meeting, West Asia crisis tops agenda

External Affairs Minister S Jaishankar on Thursday travelled to France for the G7 foreign ministers' meeting, which will discuss the West Asia crisis with a focus on coordinating efforts to ensure that the Strait of Hormuz remains open for international shipping. While India is not a G7 member, it has been invited as a partner country by France, the current chair of the powerful bloc. Top diplomats from the US, Canada, Germany, Italy, France, Japan and the UK are attending the meeting. The external affairs minister will visit Abbaye des-Vaux-de-Cernay in France on March 26 and 27 to participate in the G7 foreign ministers' meeting with partner countries, according to an official statement. Jaishankar is also expected to hold bilateral discussions with his counterparts on the sidelines of the G7 meeting, it said. Besides India, France has invited Saudi Arabia, South Korea and Brazil. According to a French official, there will be a session dedicated to the crisis in West Asia. The

A month of LPG supply arranged amid West Asia conflict, says govt

The demand for LPG cylinders had risen to 89 lakh due to panic ordering by consumers and has now come down to 50 lakh cylinders again

West Asia crisis hits scrap imports, drives up costs: Recycling industry

Freight cost surge, insurance pullback and port shutdowns disrupt supplies; aluminium scrap prices jump

West Asia Crisis: How to manage your money wisely during economic uncertainty

The ongoing tensions in West Asia are increasing crude oil prices and putting pressure on supply chains and household expenses in India.

Oil rises as investors reassess West Asia ceasefire prospects

Oil jumps over 3% as Middle East tensions threaten supply, with Hormuz disruption and global outages intensifying fears of a prolonged energy crisis