Latest News, Updates & Breaking Headlines
NEW DELHI: An Indian HNI woke up to a message from a Dubai-based broker on Tuesday, asking for the best offer for a beachfront property, which was “in distress”.But, the West Asia crisis has created doubts in her mind over Dubai’s well-earned reputation as a haven.She is not alone and multiple realtors say many Indians…
MUMABI: Investors on Dalal Street are expecting another session of strong selling on Wednesday when markets resume after a day’s trading break for Holi. Escalating war in West Asia pulled most global stocks deep into the red on Tuesday. In late trades on Tuesday in GIFT City, Nifty futures were down 3.3% or about 825…
Officials interact with Indians stranded in Kuwait at the embassy NEW DELHI: With the conflict in the West Asia region intensifying further, India has expressed deep anxiety over the issue, saying it cannot be impervious to any development that negatively affects almost 1 crore Indian nationals in the Gulf and that any major disruption in…
MUMBAI: India’s trade and energy supplies face fresh risks after reinsurers and Protection & Indemnity (P&I) clubs announced cancellation of war risk insurance for vessels transiting the Strait of Hormuz and Iranian waters, following an escalation in the Iran conflict. The cancellations, effective from this week, have left over 150 vessels stranded and disrupted a…
Iran has warned that continued US-Israeli attacks will trigger retaliation against “all economic centres” across the Middle East, while signalling further disruption to global energy supplies.Islamic Revolutionary Guard Corps (IRGC) general Ebrahim Jabbari said Tehran would escalate its response if its “main centres” were targeted. “We are saying to the enemy that if it decides…
The United States has shut its embassies in Saudi Arabia, Kuwait and Lebanon after drone attacks and warned Americans to “depart now” from more than a dozen Middle Eastern countries signalling that military operations against Iran could intensify in the coming weeks. US shuts Gulf embassies after drone attacks The US State Department on Tuesday…
A sharp escalation in the Middle East conflict has choked India’s basmati rice shipments, leaving nearly 400,000 metric tons stranded at ports and in transit, while new export deals have come to a halt as freight rates have more than doubled since the US and Israel attacked Iran over the weekend, trade officials told Reuters.India,…
Russia on Tuesday indicated that it is ready to support India with energy supplies in case of any disruption arising from the ongoing crisis Middle East, amid increasing global concerns around impact of Gulf tensions on energy supplies and prices. Reuters citing sources said, “Russia is ready to help India with energy supplies in case…
Estimates from experts on India’s dependency on Middle East and the Strait of Hormuz peg it at 50% of India’s oil imports. (AI image) India is among the top five world economies and its energy security is of paramount importance. The ongoing US-Israel-Iran war has caused disruptions in global oil, gas and trading shipments, especially…
Iran is shifting its retaliation strategy from dramatic displays to sustained pressure, utilizing cheap drones to exhaust air defenses and rattle populations across Israel and Gulf states. This approach aims to drain expensive interceptor inventories and destabilize the region, making the conflict a drawn-out endurance test rather than a single event. Iran’s retaliation strategy is…
