Page 8 - West Asia

World Bank raises India FY27 growth forecast to 6.6% amid headwinds

World Bank upgrades India's FY27 growth outlook to 6.6% on strong domestic demand, but flags inflation risks and slowdown due to West Asia conflict

Indian refiners begin talks for cargo via Hormuz, await shipping cos' nod

Indian oil companies are expected to prioritise LPG supplies from the region as refiners await shipping firms' approval to resume cargo movement through the Strait of Hormuz

Markets soar on fragile Iran-US ceasefire, crude fall boosts sentiment

Sensex surged nearly 4 per cent in its biggest gain in five years as ceasefire eased oil prices, boosted sentiment and triggered broad-based buying across sectors

US, Iran agree to talk in Islamabad even as Hormuz stays blocked for now

Further adding to uncertainty, sporadic fighting continued throughout the region and the Strait of Hormuz remained largely blocked

Oil, gas flows through Strait of Hormuz may take months to recover

Even as the Strait of Hormuz reopens, damaged oil and gas infrastructure across the Gulf could delay supply recovery and keep global energy prices elevated

Centre hikes non-urea fertiliser subsidy 10-21% amid West Asia crisis

Government raises non-urea fertiliser subsidy by up to 21 per cent for kharif 2026 to shield farmers from rising global prices and supply disruptions linked to West Asia tensions

How West Asia conflict impacted Indian airlines' international business

West Asia conflict forces Indian airlines to cancel one in five international flights in March, sharply cutting capacity and disrupting operations across key routes

Beyond the optics of stability, India's economy faces rising external risks

Rising oil prices and limited fiscal space heighten risks of inflation, slower growth, and macroeconomic instability as the West Asia crisis unfolds

LPG imports in April, May a concern owing to shipping woes, availability

Shipping is the biggest obstacle for India in source fuels

Why gold, silver are falling despite West Asia war and which is the better bet now

Gold and silver are traditionally seen as safe havens during war. But the ongoing West Asia conflict is telling a different story. Prices are falling, not rising.

Remittance slowdown unlikely despite West Asia conflict: RBI DG Gupta

RBI Deputy Governor says remittances to India likely to remain stable as demand for migrant workers may rise despite ongoing conflict in West Asia

'Expeditiously exit': India issues fresh advisory for citizens in Iran

The fresh advisory comes as the US and Iran agreed to a two-week ceasefire, about an hour before Trump's deadline to 'obliterate' the rival country was set to expire

West Asia conflict may lead to demand shock: RBI Governor Sanjay Malhotra

Elevated crude oil prices could raise imported inflation and widen the current account deficit, he says

Asian shares jump after oil prices sink in response to Iran ceasefire

Asian shares surged in Wednesday morning trading, as oil prices plunged after the US and Iran agreed to a two-week ceasefire that includes the reopening of the Strait of Hormuz. Japan's benchmark Nikkei 225 gained 5.0% to 56,106.18 in early trading. Australia's S&P/ASX 200 jumped 2.6% to 8,952.30. South Korea's Kospi soared 5.9% to 5,819.97. Hong Kong's Hang Seng surged 2.6% to 25,767.42, while the Shanghai Composite added 1.7% to 3,957.55. Benchmark US crude sank USD16.84 to USD96.11 a barrel. Brent crude, the international standard dropped USD14.51 to USD94.76 a barrel. That came as a reaction to the ceasefire as the recent spike in their prices was directly in response to the war, which had effectively blocked passage through the Strait of Hormuz. Much of the world's oil supply is transported through the strait, including oil headed to resource-poor Japan. "Yet the mood remains one of cautious optimism rather than outright celebration. The ceasefire is only two weeks long, and .

RBI sees resilience despite West Asia crisis as it keeps repo rates steady

RBI Governor Sanjay Malhotra said the West Asia conflict has raised risks to growth and inflation via oil, trade, and supply chains, but government steps on supply chains and exports may limit the imp

US-Iran ceasefire boosts airline stocks; IndiGo up 10%, SpiceJet 5%

Airline stocks rallied as easing of geopolitical tensions has led to a sharp fall in global crude oil prices, which is particularly positive for aviation companies

West Asia war: US-Iran announce 2-week ceasefire; Trump hints at China role

The US and Iran have agreed to a two-week ceasefire after Tehran said it would reopen the Strait of Hormuz and allow ships to pass safely through the vital global shipping route

Missile alerts sound in West Asian countries despite Iran-US ceasefire

Israel and the United Arab Emirates both sounded missile alerts early Wednesday, despite Iran and the United States saying they had reached a two-week ceasefire in the war. It wasn't immediately clear what was being targeted in the two countries, which bore the brunt of the missile and drone fire during the war. Missile alerts also continued in Saudi Arabia, Bahrain and Kuwait early Wednesday, hinting at the chaos surrounding the diplomatic moves. Throughout the war, Iran's paramilitary Revolutionary Guard has called the shots in all decisions. Individual commanders have made decisions on what to strike and when, with the nation's political leadership sidelined. Whether they agreed to stop shooting with the declared ceasefire and negotiations being planned in Islamabad remained in question. However, many Mideast wars see combatants launch last-minute attacks to be able to claim victory with their populations.

Shipowners eye Hormuz ceasefire window to move over 800 trapped vessels

The near-closure of the vital waterway for weeks has created an unprecedented global energy supply crunch, as Iran tightened its control in the aftermath of US and Israeli strikes

IMF chief Georgieva warns world 'ill-equipped' to counter Iran war risks

By choking off shipments from the energy-rich Gulf region, the war has triggered a "negative supply shock, meaning that it pushes prices up, said Kristalina Georgieva