Page 8 - West Asia

US waits on Iran's peace deal response as Israel strikes Lebanon

The US awaits Iran's response to a proposed peace deal as tensions persist in the West Asia, with Israel resuming strikes near Beirut despite a Lebanon ceasefire

Retail trading is becoming more disciplined, says Upstox CEO Ravi Kumar

Upstox CEO Ravi Kumar says retail investors are becoming more discerning and risk-aware, with trading behaviour shifting from momentum-driven bets to more disciplined strategies

Alcoholic beverage industry seeks price hike as costs rise amid Iran war

Alcoholic beverage makers have sought a reasonable price hike from state governments to deal with pressures arising out of rising can and bottle costs due to supply chain disruptions triggered by the West Asia crisis. Confederation of Indian Alcoholic Beverage Companies (CIABC) and the Brewers Association of India (BAI) have urged states to allow revisions of IMFL (Indian Made Foreign Liquor), wine and beer products and provide interim relief measures to help manufacturers cope with rising production costs. BAI has asked state governments to allow suppliers a price increase of 15-20 per cent to partially offset the impact of rising input costs. In letters sent to state governments, BAI Director General Vinod Giri said the conflict has triggered a sharp increase in input costs across categories. "Glass bottle prices have risen by around 20 per cent, paper cartons have increased by almost 100 per cent, and materials such as LDPE, BOPP and adhesives have become costlier by 20-25 per .

Iran 'categorically' denies role in damage to South Korean vessel in Hormuz

The statement came as US President Donald Trump claimed on his Truth Social platform that Iran had fired on a South Korean cargo ship in the Strait of Hormuz

Iran ready to provide technical support to commercial ships in Hormuz

According to IRNA, the maritime authority stated that ships may access a range of services, including provisions, fuel supply, medical assistance, health services

US Navy fires at Iranian-flagged vessel in Gulf of Oman as part of blockade

According to CENTCOM, US forces acted after the vessel, identified as M/T Hasna, did not comply despite repeated warnings while transiting international waters toward an Iranian port

Peace deal with Iran 'possible', held 'good talks' over 44 hours: Trump

He further claimed that recent engagements between Washington and Tehran had shown progress, while reiterating his administration's hardline stance on Iran's military capabilities

India needs energy storage policy to manage supply shocks: S&P Global

S&P Global said India requires a comprehensive energy storage policy to tackle supply disruptions amid high dependence on crude oil, LNG and LPG imports

US, Iran closing in on one-page memo to end war as talks progress: Report

The US expects Iranian responses on several key points within the next 48 hours. However, it also cautioned that no agreement has been reached yet

2W industry to grow high single digits despite West Asia crisis: Hero

About 21.71 mn two-wheelers were sold in India in FY26, recording a 10.7% year-on-year growth, primarily driven by the GST rate cuts implemented in September 2025

L&T top loser among Sensex stocks, down 4% in firm market; here's why

Q4 execution was impacted by ₹5,000 crore revenue slippage due to supply chain disruptions in the Middle East and delays in water projects, indicating near-term execution headwinds.

Iran enforces new rules in Hormuz; mandates prior permits for vessels

Shipping companies planning to navigate the chokepoint will now receive electronic instructions from an address affiliated with the Persian Gulf Strait Authority

Asian markets hit records on AI euphoria, US-Iran peace deal hopes

MSCI's broadest index of Asia-Pacific shares outside Japan jumped 2.3 per cent to a fresh record, led by a 5.1 per cent surge in South Korea's Kospi

Trump says great progress in agreement with Iran, suspends Project Freedom

President Donald Trump has suspended "Project Freedom," to escort ships through the Strait of Hormuz, claiming progress in negotiations with Iran toward an agreement to end the war. In a post on Truth Social, Trump said, "Great progress has been made toward a complete and final agreement withrepresentatives of Iran." "Based on the request of Pakistan and other Countries, the tremendous Military Success that we have had during the Campaign against the Country of Iran and, additionally, the fact that Great Progress has been made toward a Complete and Final Agreement with Representatives of Iran, we have mutually agreed that, while the Blockade will remain in full force and effect, Project Freedom (The Movement of Ships through the Strait of Hormuz) will be paused for a short period of time to see whether or not the Agreement can be finalized and signed," Trump said.

Geopolitical events rarely cause lasting damage to growth: Radhakrishnan

Near-term earnings may face pressure from geopolitical tensions, but improved valuations and strong fundamentals keep India's long-term market outlook intact

Crude at $125: Why Oil Is not hurting Indian oil firms as much as expected | West Asia war

Brent crude has surged to a four-year high of $125 per barrel. But there’s an unexpected twist. Falling spot premiums are cushioning the blow for India’s oil companies.

Iran vows kinetic response to Trump's naval mission in Strait of Hormuz

The US operation, intended to escort stranded vessels out of the strategic waterway, is reportedly scheduled to commence within the coming hours

How Iran war is fueling a global pistachio crisis | US-Iran war | Trump | West Asia war

A war thousands of kilometres away is now hitting dessert shelves worldwide. From viral Dubai chocolate bars to baklava and ice cream, pistachio prices are soaring as conflict in Iran disrupts global