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The ongoing crisis in the Middle East continues to rattle financial markets worldwide, sending shockwaves to oil baskets, stock markets and currencies. Rupee is no stranger to the impact! Over the past one year, the currency has continuously slipped to its record lows, first hitting 90 and then eventually beyond the 93 per US dollar…
USS Boxer (Image/US Navy website) As tensions escalate in the Middle East, the United States is deploying a powerful naval group led by the USS Boxer, a Wasp-class amphibious assault ship designed to act as a military base for Marines.Often compared to a small aircraft carrier, the USS Boxer can bring significant air power to…
With the Middle East conflict now stretching into its fourth week, the impact is rippling across global markets, triggering a fresh wave of selling in cryptocurrencies and pulling Bitcoin below the $70,000 mark. Bitcoin fell to around $68,000 and was hovering near $68,627 after about $243 million in rapid liquidations hit the market, with most…
The Middle East crisis has triggered a sell-off spree in Asian equities as investor sentiments are dragged down by fears of deepening energy crisis around the world. South Korea suffered the worst fall, tumbling 6% while Hang Seng Index was down over 3%.The South Korean benchmark Kospi slumped over 6% at the open, starting the…
Flight operations at Dubai International Airport (DBX) and other UAE airports remain functional amid rising regional tensions in the Middle East. Though flights are operating at limited schedules, passengers are advised to stay updated through official airline channels. Meanwhile Indian airlines including Air India and IndiGo have issued fresh travel updates.IndiGo Travel Advisory as of…
Rupee began the week on a red note, tumbling to its record low in early trade. The currency dropped 33 paise to hit a record low of 93.86 against the US dollar, slipping past its previous trough of 93.7350 recorded on Friday. The fall comes as boiling tensions in the Middle East have fueled fears…
A Russian oil tanker chartered by Mangalore Refinery and Petrochemicals Ltd (MRPL) arrived off the Indian coast on Sunday, underscoring ongoing concerns over global energy supplies amid escalating tensions in Middle East. The vessel, MT Aqua Titan, is currently anchored around 10 nautical miles off the coast of Mangaluru in the Arabian Sea, having been…
Sri Lanka on Sunday raised fuel prices by around 25 per cent, marking the second increase within a week as the ongoing Middle East conflict continues to disrupt global energy markets, news agency PTI reported.The price revision, effective from midnight, comes as tensions triggered by joint US–Israel strikes on Iran and retaliatory action by Tehran…
NEW DELHI: Prime Minister Narendra Modi will chair a high-level meeting on Sunday evening to review India’s energy preparedness amid escalating tensions in the Middle East, with senior ministers set to assess the situation in the petroleum, power and fertiliser sectors, PTI reported citing sources.The meeting will focus on ensuring uninterrupted supply, stable logistics and…
Indian companies are facing supply-chain disruptions ranging from shipment delays to shortages of key raw materials due to the ongoing conflict in the Middle East, the Confederation of Indian Industry (CII) said on Sunday, highlighting rising stress in sectors dependent on global trade flows.In a statement, CII director general Chandrajit Banerjee said, as quoted PTI,…
