Page 48 - West Asia

Will formalise ways to give comfort to Indian exporters, says Piyush Goyal

Piyush Goyal says the government is formalising steps to support exporters facing disruptions from the West Asia crisis, with an inter-ministerial group tracking risks and logistics challenges

All Indian ships in West Asia safe, says government amid rising tensions

Government says all 35 Indian-flagged vessels in the Persian Gulf region remain safe as enhanced monitoring continues; port operations stable despite cargo pile-up concerns

Before IRIS Dena sank, India allowed another Iran warship to dock at Kochi

Approval was granted on March 1 for IRIS Lavan to dock at Kochi after a request from the Iranian government

Iranian ship IRIS Lavan docks at Kochi after India heeds request from Iran

183 crew members of the ship accommodated at naval facilities in Kochi

War shadow dims Brand Dubai's glitter amid rising West Asia tensions

With $250 billion property deals in 2025, property market may continue to show resilience

West Asia crisis triggers severe LNG, LPG supply shock for Indian firms

LNG tenders fail, tankers stranded, storage at 30%; naphtha back in the mix

Rice exporters seek urgent relief as Iran crisis disrupts exports, shipping

International freight rates have risen by an estimated 15-20 per cent, while war-risk surcharges and insurance premiums for Gulf-bound shipments have increased significantly

Additional war-risk insurance lifts Gulf airfares three to four times

Airfares between India and the West Asia have jumped three to four times as airlines face steep war-risk insurance premiums, higher ATF prices and severe operational disruptions

Indian gas firms may cut industrial supply if Qatar halt persists

QatarEnergy has halted production of liquefied natural gas (LNG) amid attacks on its facilities as tensions rise in West Asia

Iran war threatens Asia fertiliser supplies ahead of planting season

West Asia conflict disrupts fertiliser production and shipping via the Strait of Hormuz, threatening supplies to major Asian importers including India and China ahead of the planting season

Gold prices up on safe-haven rush, but dollar strength restrains rally

Spot gold was up 0.5 per cent at $5,166.3 per ounce as of 1800 ist, while US gold futures for April delivery were up 0.7 per cent at $5,168.20

RIL's telecom, retail and new biz could mitigate impact of West Asia crisis

While the Middle East conflict has hit sentiment, analysts say strong diesel cracks, petchem margins, and rising contributions from telecom, retail and new businesses could soften the blow for RIL

PM Modi speaks to Macron about West Asia crisis, seeks return to dialogue

Prime Minister Narendra Modi on Thursday spoke to French President Emmanuel Macron and discussed shared concerns over the evolving situation in West Asia, and the need for a return to dialogue and diplomacy. After his telephonic conversation with Macron, Modi said they will continue to engage closely and coordinate efforts towards the early restoration of peace and stability in the region. "Spoke with my friend President Emmanuel Macron today. We discussed our shared concerns over the evolving situation in West Asia and the need for a return to dialogue and diplomacy. "We will continue to engage closely and coordinate efforts towards the early restoration of peace and stability in the region," Modi said in a post on X. The conflict in West Asia began after the US and Israel launched military strikes on Iran on February 28, killing Iran's Supreme Leader Ayatollah Ali Khamenei. Following the military offensive, Iran has carried out a wave of attacks targeting Israeli and American ..

India seeking US marine cover for West Asia energy cargoes: Report

India, the world's third biggest oil importer, relies on the Middle East for about 40 per cent of its oil imports and about 85-90 per cent of LPG imports

Iran's attacks across Gulf show regional chaos central to its strategy

For years, Iran's theocratic government warned it would blanket the Middle East with missile and drone fire if it felt its existence was threatened. Now, the Islamic Republic is doing just that. Since the US and Israel launched the war Saturday and killed Iranian Supreme Leader Ayatollah Ali Khamenei, Iran has unleashed thousands of drones and ballistic missiles targeting Israel, American military bases and embassies in the region, and energy facilities across the Persian Gulf. Meanwhile, there's been Iranian missile fire on Turkey and drones targeting territory of Azerbaijan. Iran's basic strategy is to instill fear about the dangers of a widening war in hopes that allies of the US will apply enough pressure to halt their campaign. A protracted conflict, along with American and Israeli casualties, could also work in Iran's favour. Trouble is, the barrage-thy-neighbours strategy also could backfire. A bid to wear down regional defences and instill ...

PM Modi calls for swift end to West Asia, Ukraine conflicts

PM Modi invoked the historic trade deal signed with the European Union in January and said that at a period on instability India and Europe were entering a golden period of their relationship

Azerbaijan accuses Iran of drone attack, says 2 civilians injured

Azerbaijan's Foreign Ministry on Thursday accused Iran of carrying out a drone attack against its exclave of Nakhchivan. One drone crashed near the airport in Nakhchivan and another one near a school, the ministry said in a statement. Two civilians were injured, the ministry said. Iran has not acknowledged targeting Azerbaijan, but its attacks have spread erratically as the war has gone on involving regional countries and beyond.

War with Iran to cost $3 bn a week under current limitations: Israel

The ongoing war with Iran could cost Israel an estimated NIS 9.4 billion (USD 3 billion approximately) per week under current restrictions on economic activities, the Israeli Finance Ministry has warned. "In a letter sent to the Home Front Command chief, Maj. Gen. Shai Klapper, Finance Ministry Director General Ilan Rom asked to ease restrictions to allow for a gradual, partial reopening of businesses and workplaces as early as Thursday," the Times of Israel reported. "There is no dispute about the need to preserve a defence policy adapted to the security situation, but at the same time, shutting down the economy on a broad scale carries heavy economic costs," Rom warned. "We need a solution that addresses both the security needs of the Home Front and the needs of the economy, after two and a half years in which the economy has been paying a heavy economic price in light of the increase in security needs and the repercussions of the war," the top Finance Ministry executive reportedl

Adani Total Gas hikes industrial prices amid conflict in West Asia

As a result of the attacks on Iran and Tehran's retaliatory strikes, transit through the Strait of Hormuz between Iran and Oman, ‌which carries around one-fifth of oil consumed globally

What is force majeure and why are global energy firms invoking it now

As tensions in West Asia disrupt oil and LNG flows through the Strait of Hormuz, Indian energy firms are invoking force majeure clauses to suspend contractual obligations amid rising maritime risks