Page 46 - West Asia

Gold, silver ETFs trade with mild gains amid geopolitical uncertainty

At 9:23 AM, DSP Silver ETF climbed 0.32 per cent, UTI Silver ETF gained 0.27 per cent, and Groww Silver ETF rose 0.16 per cent

West Asia war tests India's oil shock absorbers amid supply worries

Strategic reserves offer limited cover as shipping disruptions slow the arrival of replacement barrels

Aluminium hits near four-year high as Iran war fuels supply fears

Aluminum rose as much has 1.6 per cent to $3,499.50 a ton, the highest since April 2022, on the London Metal Exchange, following a gain of almost 10 per cent last week

US weighs idea of special operation to seize Iran's near-bomb-grade uranium

Uncertainty over Iran's highly enriched uranium has intensified because it's almost nine months since United Nations atomic inspectors last verified its location

West Asia war: 45K Indian containers stuck; export costs increase fivefold

Exporters stare at either a diversion in routes, or a U-turn to India

West Asia conflict clouds cast shadow on India-Gulf labour corridor

Rising tensions in West Asia are slowing recruitment of Indian workers to Gulf countries, potentially delaying over 300,000 overseas job placements in the coming months

West Asia crisis: Mkts in for another crude week as oil scramble continues

Surging Brent crude and tensions near the Strait of Hormuz threaten to keep Indian markets volatile, with investors watching inflation data and foreign fund flows

Indian airlines cancel 279 international flights amid West Asia crisis

Indian airlines cancelled 279 international flights on Sunday due to the ongoing situation in the Middle East. The escalating conflict in the region involving the US, Israel and Iran has significantly disrupted flight operations due to airspace closures and restrictions. The civil aviation ministry on Sunday said that due to the ongoing situation in the Gulf, flight operations have been impacted across several sectors. "A total of 49 flight operations were scheduled today by Indian domestic carriers from West Asia to India. As on 8 March, 279 flights scheduled to be operated today by Indian domestic carriers have been cancelled," the ministry said in a post on X. An official said that a total of 66 flights, including 34 departures and 32 arrivals, were cancelled at the Mumbai airport on Sunday. Delhi airport operator DIAL said that due to the current geopolitical developments in the Middle East, some west-bound international flights may experience delays or schedule ...

UK PM Keir Starmer speaks with US President Donald Trump on West Asia

The Prime Minister also shared his heartfelt condolences with President Trump and the American people following the deaths of six US soldiers"

Russia says international law effectively dead, calls for UNSC P-5 summit

Russian Foreign Minister Sergei Lavrov said the US should clarify its broader plans and explain how they relate to existing international norms

StatsGuru: West Asia conflict threatens India's stakes in the region

As the Israel-Iran conflict escalates, India's deep trade, energy and remittance links with West Asia highlight the economic stakes

Gold poised for volatile week as West Asia tensions roil markets: Analysts

Gold prices are expected to remain volatile next week as investors track geopolitical developments in the Middle East and key macroeconomic data releases that could shape the sentiment in the domestic market, analysts said. "Focus will again be on the developments in the Middle-East and further escalation would be positive for gold prices, but a sign of de-escalation may trigger sharp selling," Pranav Mer, Vice President, EBG - Commodity & Currency Research, JM Financial Services Ltd, said. Mer added that silver is also undergoing a consolidation phase but remains highly volatile. "Silver too is passing through a consolidation phase but trading with high volatility as gains are capped by consolidative moves in gold and industrial metals like Copper and Zinc," he said. During the past week, bullion futures witnessed sharp movements in the domestic market. On the Multi Commodity Exchange, silver plunged Rs 14,359, or 5.08 per cent, while gold slipped Rs 470, or 0.3 per cent. "Gold .

Air India adds flights to Europe, North America as West Asia unrest grows

Air India will add 78 flights to Europe, North America and South Asia as the Israel-Iran conflict restricts West Asia airspace and forces airlines to reroute or cancel services

Donald Trump tells Britain he does not need its help to win Iran war

In a post on Truth Social, Trump said he "will remember" the lack of British support during the conflict with Iran

Iran attacks breach international law, says Swiss Defence Minister

Pfister said he was referring to all the countries not complying with the prohibition on violence, including the United States and Israel

Iran continues strikes on Arab states, global oil supply shock deepens

Iran's strikes continued even after its President Masoud Pezeshkian said he had instructed the military not to attack any nation that isn't striking the Islamic Republic

Why Trump's plan to secure tankers in Strait of Hormuz may face hurdles

Trump has floated deploying Navy escorts for tankers in the Strait of Hormuz, but analysts say geography, Iranian military threats and limited naval resources pose challenges

West Asia crisis, crude prices likely to steer stock markets this week

Developments related to the ongoing conflict in West Asia and its impact on crude oil prices would be the major driving factors for stock markets this week, analysts said. Besides, global market trends and trading activity of foreign investors would also drive investors' sentiment. "This week, movements in global crude oil prices and further geopolitical developments in West Asia will remain critical external variables influencing market direction. The week will also feature key macroeconomic releases that could shape near-term sentiment. "On the domestic front, investors will closely monitor the Consumer Price Index (CPI) inflation data scheduled for March 12," Ajit Mishra SVP, Research, Religare Broking Ltd, said. Brent crude, the global oil benchmark, jumped 8.52 per cent to USD 92.69 per barrel. "The week ahead is likely to remain volatile, with market sentiment largely shaped by persistent geopolitical tensions in the Middle East. Investors will closely track global ...

'Sufficient fertilisers now, problems may arise if West Asia war prolongs'

India currently has sufficient availability of fertilisers, but prolonged conflict in West Asia could pose problems, said a top official of Fertilisers and Chemicals Travancore Limited (FACT), the largest supplier to South Indian states. FACT, a public sector company, relies on raw materials such as rock phosphate and phosphoric acid exported from several countries in West Asia and the Middle East, and they are brought via the sea route. The prolonged conflict could cause significant damage to the global economy, according to analysts. Currently, there is no harvest season in India; it will begin after July, the Kochi-headquartered FACT's Managing Director S Sakthimani told PTI, when asked about the potential impact of the current global situation on fertiliser production in the country. "We have sufficient urea available. We hope that things (the war situation) will probably be resolved within a month. We have sufficient urea available for our Kharif season. We will not have any .

Iran war: How ships are avoiding being targeted in Strait of Hormuz

As attacks intensify around the Strait of Hormuz, several commercial ships are altering transponder signals to claim Chinese ownership or crew in an apparent attempt to avoid being targeted