iran conflict

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    IEA Oil Release: Markets React to Strategic Reserve Action

    March 12, New Delhi – The International Energy Agency’s decision to release 400 million barrels of oil from global reserves has already had a significant impact on energy markets, which remain in a critical state following the closure of the Strait of Hormuz, said Executive Director Fatih Birol...
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    Distributors Urge Consumers to Limit LPG Sales

    Amaravati, March 12 The Andhra Pradesh LPG Distributors Association said on Thursday that restricting domestic cooking gas for household use can enable the state to manage for two to three weeks without shortages.The association president, K Srinatha Reddy, appealed to domestic consumers to...
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    Silver Price Drops Amid Geopolitical Concerns

    New Delhi, March 11 The price of silver declined by Rs 4,275 to Rs 2.75 lakh per kilogram in the national capital on Wednesday, while gold gained Rs 900 to Rs 1.65 lakh per 10 grams amid geopolitical tensions in West Asia.According to the All India Sarafa Association, the white metal plunged...
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    Farmers Face Economic Headwinds Amid Geopolitical Tensions

    Washington, March 11 – American farm leaders warned US lawmakers on Tuesday that the conflict involving Iran could drive up global fertilizer and fuel prices, adding further pressure on farmers already struggling with rising costs and volatile markets.The warning came during a hearing of the...
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    Silver Futures Hit Rs 2.77 Lakh/kg as Demand Increases

    New Delhi, March 10 Silver prices jumped by Rs 10,442 to Rs 2.77 lakh per kilogram in the futures trade on Tuesday, tracking strong gains in the global markets as a weak US dollar boosted demand for the precious metals.On the Multi Commodity Exchange, the white metal for May delivery soared by...
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    Pakistan's Response to Oil Crisis: School Closures and Fuel Cuts

    March 10, New Delhi – Pakistani Prime Minister Shehbaz Sharif announced on Monday that schools in Pakistan would be closed for two weeks and announced sweeping cuts in government fuel consumption and spending.He stated that these measures are aimed at controlling the situation arising from...
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    A Lifelong Debt: Vance Shares Story of Firefighter Rescue

    Washington, March 10 – US Vice President JD Vance shared a deeply personal story about firefighters helping his family during his childhood, telling a gathering of firefighters in the nation's capital that emergency responders once saved his mother's life during her struggle with opioid...
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    Energy Imports and Emerging Markets Face New Challenges

    New Delhi, March 9 Fitch Ratings said on Monday that the Iran conflict could pose additional challenges for some emerging market sovereigns in areas such as energy imports, remittances, and exchange rates.On February 28, the US and Israel launched military strikes on Iran, who retaliated with...
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    Seventh US Service Member Dies in Escalating Iran Conflict

    Washington, March 9 – Another American service member has died from injuries sustained in attacks linked to the escalating conflict with Iran, the US military said, bringing the total number of US troops killed in the war to seven.US Central Command said the service member had been “seriously...
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    Kaine Calls for End to Iran Conflict, Highlights Safety Concerns for Americans

    Washington, March 9 – US Senator Tim Kaine has warned that the ongoing conflict involving Iran risks repeating the mistakes of decades of American wars in the Middle East, calling the military action "illegal and profoundly unwise" while raising concerns about the safety of US personnel and...
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    India Weighs Importing Russian Crude as US Seeks to Ease Oil Price Concerns

    Washington, March 8 The United States of America urged India to release more than 100 million barrels of Russian crude that was waiting offshore for Chinese refineries, in an effort to cool rising oil prices during the Iran conflict, Energy Secretary Chris Wright said on Sunday.Speaking in...
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    Trump Details Expansion of US Weapons Manufacturing

    March 07, New Delhi: Donald Trump stated that major US defense companies have agreed to quadruple production of what he described as "high-quality" weaponry following a meeting at the White House.In a post on Truth Social, Trump said that the expansion of production facilities had already...
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    Exporters Welcome Full RoDTEP Benefit Restoration Amidst Global Challenges

    New Delhi, March 7 The commerce ministry has assured that the full benefits under the export support scheme, RoDTEP, will be restored from April 1 this year, providing much-needed relief to exporters facing challenges due to the West Asian crisis, FIEO said on Saturday.Except for agricultural...
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    X Enforces New Rules on AI-Generated Content During Conflict

    Islamabad, March 6 – Elon Musk-owned social media platform X has discovered a Pakistan-based operator managing 31 accounts that were being used to share AI-generated war videos related to the ongoing conflict in Iran.In a post, X’s head of product, Nikita Bier, said that the accounts were...
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    India's Government Addresses Export Concerns Following Global Conflicts

    Commerce and Industry Minister Piyush Goyal stated today that the government will utilize all available policy tools and the export promotion mission to support the country's exporters. Speaking to the media in New Delhi about trade disruptions caused by the US-Israel and Iran conflicts, the...
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    Kotak Report: Geopolitical Risks Impact India's Markets

    Mumbai, March 5 Corporate earnings in India could face downside risks if the ongoing Iran conflict persists for more than a few weeks, as higher oil and gas prices threaten to weigh on the economy and markets, according to a report by Kotak Institutional Equities."We expect some downside risk...
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    Dehradun Families Hold onto Half-Minute Calls from Stranded Kin in Iran

    Dehradun, March 5 A brief phone call is all that the families in Ambari village here have to hold onto as they wait for news of their relatives stranded in Iran amid the escalating conflict in the region.Zakir Hussain, a resident, has been anxiously monitoring his mobile phone for any word on...
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    India and Qatar Prioritize Dialogue and Stability in the Gulf

    New Delhi, March 3 – Prime Minister Narendra Modi spoke with Sheikh Tamim bin Hamad Al Thani, the Emir of Qatar, on Tuesday, conveying that India stands firmly in solidarity with Qatar and strongly condemns any violation of its sovereignty and territorial integrity.During their conversation...
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    Americans Told to Leave West Asia Amidst Rising Conflict

    March 03, New Delhi – The U.S. State Department has urged Americans in more than a dozen countries in West Asia to "LEAVE NOW" using commercial transportation "due to serious safety risks," as the conflict involving Iran enters its fourth day.The advisory covers Bahrain, Egypt, Iran, Iraq...
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    Oman Reports Death of Indian Crew Member in Iran Conflict Related Incident

    Muscat, March 2 India suffered its first casualty in the ongoing Iran conflict on Monday, as an oil tanker was reportedly targeted in the Gulf of Oman, killing an Indian national on board."The Embassy of India expresses its deepest condolences on the tragic death of an Indian national on board...
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