Page 3 - Us Iran Tensions

Crude futures rise to ₹9,171/barrel on strong global cues; Brent hits $106

On the Multi Commodity Exchange (MCX), crude oil for March delivery increased by ₹119, or 1.31 per cent, to ₹9,171 per barrel in a business turnover of 12,745 lots

Crude futures rise to ₹9,171/barrel on strong global cues; Brent hits $106

On the Multi Commodity Exchange (MCX), crude oil for March delivery increased by ₹119, or 1.31 per cent, to ₹9,171 per barrel in a business turnover of 12,745 lots

Iran hits Gulf neighbours, chokes oil shipping as energy crisis fears grow

Explosions echoed across Beirut early Monday as Israel struck the Lebanese capital. It also launched a new wave of attacks on Tehran, while Dubai was forced to temporarily close its airport after an Iranian drone hit a fuel tank. Since being attacked by the United States and Israel more than two weeks ago, Iran has been regularly hitting Israel, American bases and its Gulf Arab neighbours' energy infrastructure with drones and missiles. It has also effectively stopped shipping traffic in the Strait of Hormuz, through which a fifth of the world's oil is transported, giving rise to growing fears of a global energy crisis and putting pressure on Washington as consumers are already feeling the pain at the pump. Brent crude, the international standard, remained stubbornly over USD 100 a barrel on Monday. It was at USD 104 in early trading, up nearly 45 per cent since the US and Israel attacked Iran on Feb. 28. It has spiked as high as about USD 120 during the conflict. President Donald

Iran hits Gulf neighbours, chokes oil shipping as energy crisis fears grow

Explosions echoed across Beirut early Monday as Israel struck the Lebanese capital. It also launched a new wave of attacks on Tehran, while Dubai was forced to temporarily close its airport after an Iranian drone hit a fuel tank. Since being attacked by the United States and Israel more than two weeks ago, Iran has been regularly hitting Israel, American bases and its Gulf Arab neighbours' energy infrastructure with drones and missiles. It has also effectively stopped shipping traffic in the Strait of Hormuz, through which a fifth of the world's oil is transported, giving rise to growing fears of a global energy crisis and putting pressure on Washington as consumers are already feeling the pain at the pump. Brent crude, the international standard, remained stubbornly over USD 100 a barrel on Monday. It was at USD 104 in early trading, up nearly 45 per cent since the US and Israel attacked Iran on Feb. 28. It has spiked as high as about USD 120 during the conflict. President Donald

Iran war pushes oil above $100; $110 crude may force fuel price hike: Elara

Crude oil above $110 could become a "breaking point" for India, forcing fuel price hikes and pressuring government finances, says Elara Capital. Notably, oil prices hit $106 per barrel on Monday

Duration of Iran war uncertain, depends on Tehran's actions: Israeli envoy

Israel's ambassador to India, Azar, also cited reports of possible internal disagreement within Iran's leadership over how it has handled the conflict and its wider strategic direction

Duration of Iran war uncertain, depends on Tehran's actions: Israeli envoy

Israel's ambassador to India, Azar, also cited reports of possible internal disagreement within Iran's leadership over how it has handled the conflict and its wider strategic direction

Iran war: SECL ready to meet India's coal demand amid energy disruptions

SECL, the second largest coal producing arm of Coal India Ltd, on Monday said it is prepared to meet the country's coal demand, including the power sector's requirement, amid the evolving global energy dynamics. The ongoing war in West Asia has disrupted global energy routes like the Strait of Hormuz, raising the costs of imported coal and LNG, which indirectly pressure India's coal and power sectors. South Eastern Coalfields Ltd (SECL) Chairman and Managing Director Harish Duhan told PTI that the company continues to maintain strong operational momentum. During the current financial year, the company has achieved around 165 million tonnes of coal production and over 169 million tonnes of coal dispatch up to mid-March, ensuring a steady supply to power plants and other consumers. The company supplies coal to major power generators like NTPC, Rajasthan Rajya Vidyut Utpadan Nigam Ltd (RVUNL) and Madhya Pradesh Power Generating Company Limited (MPPGCL). The company is currently ...

Gulf economies at risk of worst slump since early 1990s on Iran war

Qatar and Kuwait could each see their gross domestic product contract by 14% this year should the conflict continue through April

Gulf economies at risk of worst slump since early 1990s on Iran war

Qatar and Kuwait could each see their gross domestic product contract by 14% this year should the conflict continue through April

Operation 'Epic Churn': Kotak Equities' advise amid Iran war market crash

Analysts at Kotak Institutional Equities advise investors to use the Iran war-led market correction to rebalance portfolios and buy quality stocks amid valuation dislocations.

Why France is boosting military presence in West Asia as Macron eyes talks

France's government is bolstering the country's military presence in the Middle East, dispatching its aircraft carrier and other warships, while President Emmanuel Macron engages with key players in the conflict, including Iran, in a bid to position Paris for future diplomatic talks. Macron said that France's military involvement is strictly "defensive" and aims to avoid making the country a party to the war. He reaffirmed that position after one French soldier was killed Thursday in a drone attack in Iraq. "We are not at war with anyone," Macron said. Still, the large-scale deployment of the French navy - which he described as "unprecedented" - has made France the European nation with the most prominent presence in the region. Visiting the Charles de Gaulle aircraft carrier last week, Macron said that its presence in the Mediterranean demonstrates "France's strength: a balancing power, a force for peace." Here's what to know about Macron' strategy. France's large naval ...

Why France is boosting military presence in West Asia as Macron eyes talks

France's government is bolstering the country's military presence in the Middle East, dispatching its aircraft carrier and other warships, while President Emmanuel Macron engages with key players in the conflict, including Iran, in a bid to position Paris for future diplomatic talks. Macron said that France's military involvement is strictly "defensive" and aims to avoid making the country a party to the war. He reaffirmed that position after one French soldier was killed Thursday in a drone attack in Iraq. "We are not at war with anyone," Macron said. Still, the large-scale deployment of the French navy - which he described as "unprecedented" - has made France the European nation with the most prominent presence in the region. Visiting the Charles de Gaulle aircraft carrier last week, Macron said that its presence in the Mediterranean demonstrates "France's strength: a balancing power, a force for peace." Here's what to know about Macron' strategy. France's large naval ...

Saudi offers Red Sea route for oil buyers as Hormuz crisis persists

Saudis have a 5 million barrel-a-day pipeline that runs across the country to the Red Sea, although export capacity at Yanbu may be smaller than that

Saudi offers Red Sea route for oil buyers as Hormuz crisis persists

Saudis have a 5 million barrel-a-day pipeline that runs across the country to the Red Sea, although export capacity at Yanbu may be smaller than that

Trump seeks allies' help in Strait of Hormuz. UK, Japan, Australia say no

US President Donald Trump has called on allies to send naval escorts to protect vessels in the Strait of Hormuz. However, key allies have declined Trump's request

West Asia war digest, March 16: Stories tracking the economic fallout

West Asia war enters third week as Indian markets lose $447 billion in m-cap and sectors from LPG to exports, ports and services feel the economic strain

West Asia conflict: Dubai airport shut, flights diverted after drone attack

The suspension followed a drone incident near Dubai International Airport (DXB) that affected one of the airport's fuel tanks

Trump says 'deal' with Cuba soon but war in Iran remains priority

Donald Trump says US is in talks with Cuba but Iran war takes priority; warns he could delay summit with Xi Jinping if China fails to help secure Strait of Hormuz

Modi govt weakening Brics stand to appease Trump, Netanyahu: Congress

The Congress on Monday lashed out at the government for not releasing a collective statement on the West Asia conflict as the BRICS+ chair, saying Prime Minister Narendra Modi is "diminishing" the standing of the grouping's presidency in his desire to "appease" US President Donald Trump and maintain his "cozy relationship" with Israeli premier Benjamin Netanyahu. Congress general secretary in-charge communications Jairam Ramesh recalled that Brazil was the President of BRICS+ in 2025 and it got the 11 member countries to issue a joint statement in June 2025 on the US and Israel air assaults on Iran. "India is boasting of being the President of BRICS+ in 2026. But till now it has not summoned up the inclination or the courage to put out a collective statement on the US-Israel air offensives on and targeted assassinations in Iran, as well as on Iran's subsequent attacks on non-military targets in the GCC countries, and the shocking action of the US Navy in the Indian Ocean close to bot