US-Iran Tensions

From Indian films to Italian wine, Iran war ripples through global economy

India is among the most vulnerable to the war's fallout, with heavy dependence on imported crude and LPG, much of it routed via Hormuz, now facing disruptions and shortages

Updated On: 24 Mar 2026 | 8:20 AM IST

From Indian films to Italian wine, Iran war ripples through global economy

India is among the most vulnerable to the war's fallout, with heavy dependence on imported crude and LPG, much of it routed via Hormuz, now facing disruptions and shortages

Updated On: 24 Mar 2026 | 8:20 AM IST

Stock Market LIVE: GIFT Nifty signals gap-up open; Asia markets jump on US-Iran war de-escalation

Sensex Today | Stock Market LIVE Updates, Tuesday: The GIFT Nifty indicated that the Nifty50 will rebound strongly from previous day's losses on signs of resolve in the West Asia

Updated On: 24 Mar 2026 | 8:11 AM IST

Japanese PM Takaichi orders review of entire supply chain for oil products

Takaichi assigned the task to Trade Minister Ryosei Akazawa on Tuesday morning at a meeting with relevant ministers

Updated On: 24 Mar 2026 | 8:08 AM IST

US halts Iran strikes: Nifty set to rally; Emkay picks stocks to buy now

Equity markets are set to rebound today as US has decided to halt Iran strikes. GIFT Nifty is up over 350 points. Emkay Global expects OMCs, banks, autos, NBFCs, L&T too see a strong rally.

Updated On: 24 Mar 2026 | 8:06 AM IST

Saudi Arabia, UAE take steps toward joining Iran war amid escalation

Saudi Arabia agreed to give the US military access to King Fahd Air Base, an apparent reversal after saying its bases couldn't be used to attack its longtime rival

Updated On: 24 Mar 2026 | 7:32 AM IST

Saudi Arabia, UAE take steps toward joining Iran war amid escalation

Saudi Arabia agreed to give the US military access to King Fahd Air Base, an apparent reversal after saying its bases couldn't be used to attack its longtime rival

Updated On: 24 Mar 2026 | 7:32 AM IST

UAE air defences engage 7 ballistic missiles, 16 UAVs launched from Iran

This latest interception adds to the staggering volume of fire directed at the country since the beginning of hostilities

Updated On: 24 Mar 2026 | 7:17 AM IST

UAE air defences engage 7 ballistic missiles, 16 UAVs launched from Iran

This latest interception adds to the staggering volume of fire directed at the country since the beginning of hostilities

Updated On: 24 Mar 2026 | 7:17 AM IST

Rupee hits new record low amid Iran war: Will INR drop to 100 vs US dollar?

Rupee hit a record low of 93.94 on Monday as oil prices stay above $100/bbl amid Iran war, and FPI pulled out ₹1 trillion in 2026. Can INR fall to 100/USD? Analysts weigh in on outlook and risks

Updated On: 24 Mar 2026 | 6:58 AM IST

West Asia conflict: Trump pauses strikes on Iran's energy infrastructure

Iran's foreign ministry spokesperson said there were no talks with US and that stance on the Strait of Hormuz, as well as conditions to end the war, did not change

Updated On: 23 Mar 2026 | 11:41 PM IST

Best of BS Opinion: Policy push at home, volatility rising across the world

Here are the best of Business Standard's opinion pieces for today

Updated On: 24 Mar 2026 | 6:16 AM IST

Jaishankar speaks with Marco Rubio on West Asia conflict, energy concerns

The Jaishankar-Rubio phone conversation came hours after US President Donald Trump extended Washington's deadline for Iran to reopen the Strait of Hormuz by five days

Updated On: 23 Mar 2026 | 11:18 PM IST

Two more Indian LPG tankers cross Hormuz, set to reach India in two days

Two more Indian-flagged LPG tankers, carrying roughly a day's supply of the country's cooking gas, have safely navigated through the war-hit Strait of Hormuz and are expected to reach Indian shores over the next two days. LPG tankers Pine Gas and Jag Vasant, sailing close to each other, started from the Persian Gulf on Monday morning before crossing the strait, ship tracking data showed. The two ships are carrying 92,612 tonnes of LPG, said Rajesh Kumar Sinha, Special Secretary in the Ministry of Ports, Shipping, and Waterways, at a news briefing. "The movement has started." The tankers are likely to reach Indian ports between March 26 and March 28. The vessels have 33 and 27 Indian seafarers onboard, according to the Ministry of Ports, Shipping and Waterways. Both the LPG tankers sailed through waters between Iran's Larak and Qeshm islands -- possibly to make their identity clear to Iranian authorities before they cross the strait, ship tracking data showed. The two ships were am

Updated On: 23 Mar 2026 | 11:03 PM IST

Strikes on Gulf energy infra spark fears of prolonged global impact

This new phase of the war began Wednesday, when Iran carried out a retaliatory missile strike on Ras Laffan, Qatar's vast energy complex

Updated On: 23 Mar 2026 | 10:41 PM IST

War, emerging geopolitical faultlines: West Asia war jolts global economy

Iran's decision to shut off the Strait of Hormuz on March 1 was not merely an act of retaliation; it was a calculated demonstration of its enduring capacity to disrupt the global commons

Updated On: 23 Mar 2026 | 10:34 PM IST

US halts strikes on Iran's power plants; retreated after warning, says Iran

Citing progress in talks with Iran, US President Donald Trump said he has directed a five-day halt to planned military strikes on Iranian energy infrastructure

Updated On: 23 Mar 2026 | 9:50 PM IST

US, Iran have major points of agreement, deal possible soon: Trump

Trump said his Middle East envoy Steve Witkoff and close aide and son-in-law Jared Kushner talked to the Iranians on Sunday and that discussions would continue on Monday

Updated On: 23 Mar 2026 | 9:37 PM IST

Iranian oil purchases hinge on feasibility, payment route remains unclear

India will consider resuming buying Iranian oil based on techno-commercial feasibility, a senior government official said after Washington temporarily removed sanctions to ease pressure on prices that followed the US-Israeli war on Iran. Historically, India was a major buyer of Iranian crude, importing significant volumes of Iranian Light and Heavy grades due to strong refinery compatibility and favourable commercial terms. Following sanctions tightening in 2018, imports ceased from May 2019, with volumes replaced by Middle Eastern, US and other grades. At peak, Iranian crude accounted for 11.5 per cent of India's total imports. At a news briefing on developments in West Asia, Sujata Sharma, Joint Secretary in the Ministry of Petroleum and Natural Gas, said techno-commercial feasibility will drive the decision on resuming buying Iranian crude. "It is based on techno-commercial feasibility," she said. Over the weekend, the US waived sanctions on the purchase of Iranian oil at sea fo

Updated On: 23 Mar 2026 | 9:14 PM IST

Oil prices drop, dollar weakens: Top 5 developments after Trump's big move

Since Trump's claim of "productive" talks, global markets and geopolitical signals have shifted sharply

Updated On: 23 Mar 2026 | 7:22 PM IST