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As tensions in West Asia escalate, some cities are beginning to see disruptions in the supply of commercial LPG cylinders used by restaurants, hotels and food businesses. Industry bodies say the impact is already being felt in cities such as Bengaluru, Mumbai and Chennai, where eateries rely heavily on commercial cooking gas for daily operations….
NEW DELHI: As the conflict in West Asia continues to disrupt global energy flows, the Indian government has moved to safeguard domestic fuel supplies. With crude oil prices fluctuating amid uncertainty over shipments through the Strait of Hormuz, New Delhi has invoked provisions of the Essential Commodities Act (EC Act) to regulate the supply and…
Russian President Vladimir Putin on Monday (local time) warned that the US-Israeli war on Iran has pushed global energy markets into crisis, saying oil flows linked to the Strait of Hormuz could face a complete halt in the coming weeks. He also said Russia remains open to restoring long-term energy cooperation with European nations if…
Airline stocks had previously come under heavy pressure as geopolitical tensions pushed oil prices sharply higher. (AI image) Oil prices plunge, bring cheer to aviation stocks! Shares of airline operators IndiGo and SpiceJet surged by as much as 8 per cent on Tuesday after US President Donald Trump indicated that the conflict with Iran could…
Iran players react during their national anthem ahead of a Women’s Asian Cup match. (AP Photo)) Five members of Iran’s women’s football squad have been granted asylum in Australia after conflict erupted in their home country during their stay for the Women’s Asian Cup, Australian authorities confirmed on Tuesday.Australian Home Affairs Minister Tony Burke said…
Explosions rock Iran, left, and Pentagon The United States expended approximately $5.6 billion worth of weaponry during the first forty-eight hours of its military operations against Iran, according to a report by the Washington Post.The estimate, which was presented to Congress on Monday, sparked debate over the administration’s claims that the mission is not “quickly…
Market participants are now awaiting the release of the US consumer price index for February, scheduled for Wednesday, as well as the Personal Consumption Expenditures index, the Federal Reserve’s preferred inflation gauge, due on Friday. Among other precious metals, spot silver rose 3 per cent to $89.60 per ounce. Platinum gained 1.2 per cent to…
Oil prices relaxed on Tuesday after jumping past the $100-per-barrel mark a day earlier. The pullback came as fears of long-lasting supply disruptions eased slightly, with signs that the Middle East conflict could see some diplomatic movement. As of 0018 GMT, Brent crude futures were down $6.51, or 6.6%, to $92.45 a barrel, while US…
NEW DELHI: Even as tensions escalate across West Asia, queues outside visa application centres for Gulf countries in Delhi show little sign of slowing, with many workers saying economic compulsions leave them little choice but to travel to the restive region.Outside centres processing visas for UAE and Saudi Arabia on Monday, dozens of applicants were…
FILE – The Warner Bros. water tower appears at Warner Bros. Studios in Burbank. (AP Photo/Jae C. Hong, File) It took over a month for Paramount Skydance to convince Warner Bros shareholders and management that it is offering a better deal than Netflix. However, it seems the US-Iran war may change all the equations. The…
