Latest News, Updates & Breaking Headlines
Airport Fuel Tanks in Bahrain Hit by Drone as Iran vs US-Israel War Spreads Across The Gulf A dramatic escalation in the widening Iran vs US–Israel conflict has reached the island kingdom of Bahrain, after an Iranian drone reportedly struck fuel storage facilities near Bahrain International Airport on Muharraq Island, triggering a massive blaze and…
Dubai Shock: Missile Fragments Strike Building on Sheikh Zayed Road As UAE Intercepts 10 Ballistic Missiles Amid Iran vs US-Israel War Dubai witnessed a tense moment when debris from a successfully intercepted aerial threat struck a building façade along the city’s iconic Sheikh Zayed Road, highlighting how the expanding regional conflict involving Iran, the United…
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…
NEW DELHI: Amid concerns over the impact of Iran war on India’s energy supply, PM Narendra Modi said on Thursday his govt is sparing no effort to minimise its fallout on citizens and accused opposition parties of fear-mongering to push their agenda at the of cost national interest.He said no country is untouched by this…
NEW DELHI: A Liberian-flagged ship, “captained by an Indian national”, loaded with crude oil from the Saudi port of Ras Tanura has arrived at the port of Mumbai, via the Strait of Hormuz, Mumbai Port Trust has informed.Tanker Shenlong Suezmax, allegedly carrying approximately 135,335 metric tonne (or roughly 1 million barrels) of crude oil, had…
Representative AI image (Credit: Chatgpt) The narrow waters of the Strait of Hormuz, a vital artery of the global energy system have become the epicentre of the latest shock to oil markets as the US-Israeli war on Iran escalates. Tankers are anchored, refineries are struggling to ship fuel, and some of the world’s biggest oil…
The effects of this situation will vary across countries, with some economies facing greater strain while others could see limited gains. (AI image) The US-Israel-Iran war has lasted for over 10 days – and with no signs of either side relenting the global economy is feeling the ripple effects of conflict. The economic fallout from…
The ongoing conflict involving the United States, Israel and Iran has triggered volatility across global semiconductor stocks. This has raised concerns about how tensions in the Middle East could disrupt a supply chain that is the backbone of the artificial intelligence (AI)-driven chip boom. A report cited analysts who said the region plays a key…
NEW DELHI: Fears of LPG shortage have begun spreading across the country as the escalating conflict in Middle East disrupts global energy supply chains. The closure of the Strait of Hormuz following Iranian retaliation against US–Israel strikes has triggered panic buying, long queues at LPG agencies and petrol pumps, and forced restaurants and small businesses…
US financial and technology companies are stepping up security and limiting office activity in parts of the Middle East, a day after Iran warned it could target economic centres linked to the United States during the ongoing regional conflict.Citi Bank asked employees to immediately leave its regional headquarters in the Dubai International Financial Centre, according…
