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Petroleum is the most immediate area of exposure. In 2025, India sourced roughly $70 billion crude oil and petroleum products from West Asia. (AI image) Beyond oil, the Middle East crisis has other implications for the Indian economy, especially if the US-Israel-Iran war continues for a long duration leading to major supply disruptions. In recent…
Team India at Wankhede stadium (PTI Photo) NEW DELHI: The defending champions India take on England at Wankhede Stadium in Mumbai on Thursday in the second semi-final of the ongoing ICC Men’s T20 World Cup 2026. The winner of the contest will then face New Zealand in the summit clash in Ahmedabad on Sunday, after…
Holi’s tradition of discarding clothes after the festival stems from a blend of practicality, symbolism, and the nature of modern dyes. While historically old clothes were worn to embrace the mess, today’s synthetic colours permanently stain fabric, making reuse difficult. This practice also offers a symbolic release from the past year’s negativity and a fresh…
The ongoing US-Israel conflict with Iran has both geopolitical and economic consequences for the world, and India is expected to be impacted too if it persists. Policymakers are closely monitoring crude oil prices and cargo movement following the renewed tensions in the Middle East, though they maintain that it is premature to gauge the broader…
Recent military actions have led to reports of Iran effectively restricting movement through the Strait of Hormuz, a critical global oil and gas transit route. This has caused oil prices to surge and airlines to adjust flight paths, highlighting the strait’s immense economic significance. The Strait of Hormuz has suddenly moved from geography textbooks to…
FIFA World Cup 2026 trophy (PTI Photo) Tickets for the World Cup, which starts in North America in 100 days, are expensive — costing nearly $900 for the opening match and more than $8,000 for the final.AFP Sport explains the cost of attending games at the tournament. Jay Shah: Kapil Dev deserves more credit for…
Israel’s military said on Sunday it had destroyed roughly half of Iran’s missile stockpiles during last year’s war, even as Tehran continues to rebuild one of the Middle East’s largest and most diverse arsenals.“During the operation in June 2025, we destroyed approximately half of the Iranian regime’s missile stockpiles and prevented the production of at…
Iran’s Supreme Leader Ali Khamenei was killed in strikes on Sunday, an event that sent shockwaves far beyond West Asia. The echoes were heard in India as well, with sections of the Shia community and clerics condemning the death.In Jammu and Kashmir, home to a sizeable Shia population, demonstrations took place in Srinagar’s Lal Chowk…
India’s exposure to oil procurement via Strait of Hormuz has increased in the last few months. (AI image) The growing tensions in the Middle East after Israel and United States’ strikes on Iran and the latter’s retaliation has implications for India as well. India imports approximately 90% of its crude oil and the tensions in…
Iran launched retaliatory strikes across the Middle East following coordinated US-Israeli attacks on February 28, 2026. Targeting bases supporting US and Israeli operations, Tehran signaled that regional attacks would have wider consequences. This escalation stems from years of shadow war, with Iran’s nuclear program adding to deep-seated mistrust and raising global concerns. Inside the escalating…
