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Four out of six crew members were killed after a US refuelling aircraft crashed in western Iraq on Friday, US Central Command confirmed.According to the US military, the circumstances of the incident are under investigation. However, it rejected that the crash was a result of hostile fire or friendly fire.“At approximately 2 pm ET on…
Turkey’s state news agency Anadolu reported that sirens were heard early Friday at Incirlik airbase, a key Nato facility where US troops are stationed.Residents of Adana, located about 10 kilometres from the base were woken at around 3.25 am local time (0025 GMT) as sirens sounded for roughly five minutes. Gulf On Fire: U.S., Israel…
Dutch carrier KLM Royal Dutch Airlāines has announced multiple flight cancellations to destinations in the Middle East as geopolitical tensions in the region continue to affect aviation operations. The airline confirmed that flights to Dubai, Riyadh and Dammam will remain suspended for several weeks as it continues to monitor the evolving security situation. https://news.klm.com/statement-situation-middle-east/ Dubai…
Ongoing crisis in the Middle East is beginning to ripple through financial markets, with the impact now visible in the US bond market. The average rate on a long-term mortgage in the United States moved higher this week as bond market volatility persisted. According to mortgage buyer Freddie Mac, the benchmark 30-year fixed mortgage rate…
US President Donald Trump claimed that Iran had positioned around 1,200 missiles aimed at several Middle Eastern countries as tensions escalate following fresh threats from Iran’s newly appointed supreme leader Mojtaba Khamenei.Speaking in an interview on Fox’s The Brian Kilmeade Show, Trump alleged that Tehran had been preparing to dominate the region militarily.“Iran had thousands…
The Middle East crisis impact has continued to spill across global oil supply chains, once again pushing crude prices beyond the $100 mark. Brent crude, the global oil benchmark, rose slightly after moving past $100 a barrel on Thursday (local time), gaining 0.20% to trade at $100.66 by 0020 GMT. Meanwhile, US benchmark West Texas…
BENGALURU: With the West Asia crisis escalating and recent Iranian strikes targeting the UAE, several IT companies and global capability centres (GCCs) have activated their business continuity plans (BCPs), introducing measures such as work-from-home, travel advisories and temporary office closures.Amid rising geopolitical uncertainty, many tech firms and GCCs are increasingly relying on India as a…
War, Oil, Markets: HSBC’s Bold Bet on the Gulf Amid Iran vs US-Israel Crisis Even as geopolitical tensions escalate across the Middle East, global banking giant HSBC has publicly reaffirmed its confidence in the long-term economic strength of the Gulf Cooperation Council (GCC) economies, signalling that international financial institutions are not retreating from the region…
Everyone calls it ‘Middle East’, whether it’s in a book or on television. But no one noticed why this term ‘East or West’ middle. There is a history behind this that is important to know when this particular phrase gets spoken at a very high level. This term was occupied during the British Empire. As…
Hardeep Singh Puri speaks in Lok Sabha during Budget session of Parliament Union Minister for Petroleum and Natural Gas Hardeep Singh Puri told Lok Sabha on Thursday that India remains well prepared to manage disruptions in global energy supplies triggered by the ongoing West Asia conflict, assuring lawmakers that domestic fuel availability and power generation…
