Tag: west asia crisis

Rupee rises 7 paise to settle at 95.41 against U.S. dollar

July 9, 2026 admin

A recovery in the stock markets and dollar selling by state-run lenders supported the local currency amid rising volatility triggered by the fresh escalation in the West Asia crisis. | Photo Credit: Reuters The rupee appreciated by 7 paise to settle at 95.41 (provisional) against the U.S. dollar on Thursday (July 9, 2026) even as…

Business

Is the U.S.-Iran agreement falling apart?

July 8, 2026 admin

U.S. President Donald Trump, who is in Ankara to attend a NATO summit, said on Wednesday (July 8, 2026) that the ceasefire with Iran was “over”. His remarks came after tit-for-tat overnight strikes by the U.S. and Iran that threatened the already fragile ceasefire. The U.S. launched dozens of strikes on Iran in retaliation for…

World

Hezbollah chief says Israel must ‘unconditionally’ leave Lebanon

June 26, 2026 admin

Hezbollah leader Sheikh Naim Qassem, is seen on a screen during a sermon marking the first day of Ashoura, the Shiite Muslim commemoration of the 7th-century death of Imam Hussein, the grandson of the Prophet Muhammad, at the grave of late Hezbollah leader Sayyed Hassan Nasrallah, left, in Beirut, Lebanon, Wednesday, June 17, 2026. |…

World

UN chief welcomes announcement of peace deal between U.S. and Iran

June 15, 2026 admin

FILE PHOTO: United Nations Secretary-General Antonio Guterres. File | Photo Credit: Reuters UN chief Antonio Guterres has welcomed the announcement of a peace deal between the U.S. and Iran that provides for an immediate and permanent ceasefire and the reopening of the Strait of Hormuz. Secretary General Guterres on Sunday (June 14, 2026) described it…

World

LPG price hike inevitable due to global crisis: Union Minister Pralhad Joshi

June 8, 2026 admin

Union Minister Pralhad Joshi. File. | Photo Credit: The Hindu Union Minister Pralhad Joshi has said that the Centre also feels “very sad and sorry” over the hike in gas cylinder prices but described it as “inevitable” given the prevailing global situation. The domestic cooking gas LPG price has been raised by ₹29 per cylinder,…

Nation

Israel strikes southern Lebanon after evacuation warnings to several villages

June 5, 2026 admin

Israel’s air force struck different parts of southern Lebanon on Friday (June 5, 2026), and its military issued evacuation warnings for nine villages, including one that has been spared much of the destruction and has sheltered thousands of people displaced by the three-month war. The Israeli strikes killed nine people in six locations in southern…

World

Iran suspends talks with U.S. over Israel’s Lebanon strikes

June 1, 2026 admin

Iran’s Foreign Minister Abbas Araqchi. File | Photo Credit: Reuters Iran has suspended exchanging texts with the U.S. over a preliminary agreement aimed at ending the war, in response to Israel’s escalating military strikes in Lebanon, the Tasnim news agency reported on Monday (June 1, 2026). “Due to the continuation of the Zionist regime’s [Israel]…

World

Sri Lanka jolts markets with outsized 100-bp rate hike to counter crisis in West Asia

May 26, 2026 admin

Representative image. Photo: Getty Images/iStockphoto Sri Lanka’s central bank caught markets off-guard by raising its benchmark policy rate by an ‌outsized 100 basis points on Tuesday (May 26, 2026), as policymakers looked to stem inflation and sharp pressure ⁠on the currency from soaring energy prices. The Central Bank of Sri Lanka (CBSL) raised the overnight…

World

A.P. govt. urges MSMEs to utilise ECLGS 5.0 amid West Asia crisis

May 22, 2026 admin

The ECLGS 5.0 scheme will ensure financial assistance for MSMEs by extending additional credit facilities backed by the Centre’s guarantee, says Minister for NRI Empowerment and Relations Kondapalli Srinivas. | Photo Credit: Special Arrangemnt Andhra Pradesh Minister for MSMEs, SERP, and NRI Empowerment Relations, Kondapalli Srinivas, has welcomed the Centre’s decision to introduce the Emergency Credit…

Nation