Page 50 - West Asia

'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

India's GDP growth above 7% in FY27 despite global headwinds: Assocham

India's economy is expected to grow above 7% in FY27, supported by domestic demand and investment, even as geopolitical tensions and global slowdown risks persist

Pentagon considers redirecting Ukraine military aid to West Asia: Report

The weapons that could be redirected include air defense interceptor missiles purchased through a NATO initiative launched last year, under which partner countries buy US arms for Kyiv

LPG cylinders to be delivered as scheduled, no queues needed: UP CM

Uttar Pradesh Chief Minister Yogi Adityanath on Thursday assured people that there is no need to stand in queues for cooking gas cylinders, assuring them that LPG will continue to be delivered at homes according to the booking schedule. Addressing a gathering at the inauguration of a Software Technology Park in the Gorakhpur Industrial Development Authority (GIDA) area, Adityanath urged people not to rush to gas agencies or fuel stations unnecessarily. "Book your LPG cylinder as per requirement and it will be delivered to your doorstep in due course. There is no need to stand in line outside agencies," he said. He also advised people to purchase petrol and diesel only when required, cautioning that queues at filling stations are being driven by rumours. "Some people are trying to create panic and disturb normalcy by spreading misinformation. The public should not pay heed to such rumours," he said. Referring to consumption patterns, the chief minister questioned why households that

Israel media claims Iran Naval commander killed, no confirmation from Iran

Commander of the Islamic Revolutionary Guard Corps Navy, Alireza Tangsiri was responsible for the closure of the Strait of Hormuz

Tanker carrying Russian oil hit by drone in Black Sea near Turkey

The attack, just outside Turkish territorial waters, likely aimed to disable the engine room in the Sierra Leone-flagged vessel that was carrying Russian oil

Nayara Energy hikes petrol price by ₹5 per litre, diesel by ₹3 amid war

Nayara Energy, India's largest private fuel retailer, on Thursday raised petrol prices by Rs 5 per litre and diesel by Rs 3 a litre, passing on part of the recent surge in global oil prices following the war in the Middle East, sources said. Fuel marketing companies in India have been under strain as retail petrol and diesel prices remained frozen despite a nearly 50 per cent surge in international oil prices since February 28, when the United States and Israel launched military strikes against Iran, triggering sweeping retaliation from Tehran. Nayara Energy, which operates 6,967 of India's 102,075 petrol pumps, has decided to pass on part of the increase in input costs to consumers, two sources with direct knowledge of the matter said. A company spokesperson did not immediately offer any comment on the story. Jio-bp, the fuel retailing joint venture of Reliance Industries and BP Plc that owns 2,185 outlets, has, however, so far not raised prices despite incurring heavy losses on s