Tag: west asia conflict

No bailout package for OMCs in sight as under-recoveries mount

Posted on By admin
No bailout package for OMCs in sight as under-recoveries mount

From left to right: Ministry of External Affairs, Additional Secretary (Gulf) Aseem R. Mahajan, official spokesperson of the Ministry of External Affairs Randhir Jaiswal, Additional Secretary, Department of Fertilisers, Aparna S. Sharma, Director General of PIB Mattu J.P. Singh, Ministry of Petroleum and Natural Gas Joint Secretary Sujata Sharma, Director at the Ministry of Ports,…

Read More “No bailout package for OMCs in sight as under-recoveries mount” »

Business

Asia braces for second wave of energy shocks from Iran war

Posted on By admin
Asia braces for second wave of energy shocks from Iran war

Asia’s first defences against energy shocks from the Iran war are running short and a more consequential second wave of impacts is beginning to hit. Also Read: Updates on Iran-Israel war When the war started, governments scrambled to adapt to the closure of the Strait of Hormuz, a critical artery for energy flowing to Asia….

Read More “Asia braces for second wave of energy shocks from Iran war” »

Business

Stock markets slip more than 1% as U.S. rejects Iran’s response to peace deal

Posted on By admin
Stock markets slip more than 1% as U.S. rejects Iran’s response to peace deal

A view of the Bombay Stock Exchange. FIle | Photo Credit: Getty Images Investors got back to selling of Indian stocks aggressively after a few weeks of calm as U.S. President Donald Trump rejected Iran’s response to the peace proposals and Prime Minister Narendra Modi “advised” citizens to cut buying forex depleting goods and services….

Read More “Stock markets slip more than 1% as U.S. rejects Iran’s response to peace deal” »

Business

Iran-Israel war LIVE: Rubio meets Qatari PM as U.S. awaits Iran’s response

Posted on By admin
Iran-Israel war LIVE: Rubio meets Qatari PM as U.S. awaits Iran’s response

Top U.S. diplomat Marco Rubio met Saturday with the leader of Mideast ally Qatar, the State Department said, highlighting the Gulf state’s role as a key intermediary for Washington as it awaited Tehran’s response on a peace proposal. “The Secretary expressed appreciation for Qatar’s partnership on a range of issues,” State Department spokesman Tommy Pigott…

Read More “Iran-Israel war LIVE: Rubio meets Qatari PM as U.S. awaits Iran’s response” »

World

Iran-Israel war LIVE: Trump says expecting Iran response to latest proposal soon

Posted on By admin
Iran-Israel war LIVE: Trump says expecting Iran response to latest proposal soon

U.S. imposes sanctions on 10 individuals, companies for aiding Iran’s weapons sector The U.S. Treasury on Friday announced sanctions against ‌10 individuals and companies, including several in China and ⁠Hong Kong, for aiding efforts by Iran’s military to secure weapons and raw ‌materials used to build Tehran’s Shahed drones. The Treasury move, ‌first reported by…

Read More “Iran-Israel war LIVE: Trump says expecting Iran response to latest proposal soon” »

World

UAE reports drone, missile attack as Iran war ceasefire is challenged

Posted on By admin
UAE reports drone, missile attack as Iran war ceasefire is challenged

Logo of the the UAE Defence Ministry. Photo: X@modgovae The United Arab Emirates’ Ministry of Defence on Friday (May 8, 2026) announced that the country’s air defences are “actively engaging” with a missile and drone attack as the Iran war’s shaky ceasefire was again challenged. The Ministry advised residents not to approach, photograph or touch…

Read More “UAE reports drone, missile attack as Iran war ceasefire is challenged” »

World

Indian Ocean challenges must be met with cooperation, transparency: Union Shipping Minister

Posted on By admin
Indian Ocean challenges must be met with cooperation, transparency: Union Shipping Minister

Union Minister Sarbananda Sonowal. File picture | Photo Credit: PTI The challenges being faced, in the realm of maritime shipping, in the Indian Ocean are interconnected and need a collective response based on “cooperation, transparency and respect for international law”, said Sarbananda Sonowal, Union Minister for Ports, Shipping and Waterways, at the tenth Indian Ocean…

Read More “Indian Ocean challenges must be met with cooperation, transparency: Union Shipping Minister” »

Business