#iran-war
India's drug lifeline to Africa disrupted by Iran war
The fragile logistics corridor via Gulf states that connects African patients with critical Indian pharmaceuticals has been thrown into disarray with the Strait of Hormuz closed. India has often been called the "pharmacy of the Global South," and for African …
'Good for business': Big Oil plans huge shareholder payouts amid gas price suffering
A report from Groundwork Collaborative reveals how fossil fuel companies are not merely scoring windfall profits from President Donald Trump’s illegal war with Iran, but also using that money to reward shareholders rather than providing relief to consumers.Th…
How the Iran war exposed India’s over-reliance on imported petrochemicals
It isn’t just oil and fertilizers. The Iran war has shredded India’s petrochemical supply chain, forcing manufacturers to scramble for raw materials, burning cash, cutting output, and even pulling their shutters down.
Bangladesh seeks IMF aid: How badly has Iran war hit its economy?
The International Monetary Fund warns that Iran war could trigger a spike in global debt levels.
Sri Lanka stuns with 100-bp rate hike as Iran war rattles currency, fuels inflation
The Central Bank of Sri Lanka (CBSL) raised the overnight policy rate to 8.75% from 7.75%, blaming higher inflation and a depreciating rupee
RBI, rating firms assess Iran war risks on Indian companies
The Reserve Bank of India is proactively assessing potential borrower stress due to the US-Iran conflict, engaging with local credit rating agencies. Discussions focused on evaluating ground conditions and the need for temporary regulatory relief to safeguard…
Sri Lanka stuns with 100-bp rate hike as Iran war rattles currency, fuels inflation
COLOMBO, May 26 : Sri Lanka's central bank stunned markets by raising its policy rate by an outsized 100 basis points on Tuesday, the biggest hike in three years, and signalled more tightening as surging energy costs whip up inflation and batter its currency.…
RBI, Rating Firms assess Iran War risks on Indian companies
The central bank also sought feedback on whether temporary regulatory relief may be needed to prevent a deterioration in borrowers’ creditworthiness, they said
Could Brazilian oil emerge as one of the big winners of the Iran war?
China and India are among those ramping up imports of Brazilian crude amid Strait of Hormuz disruptions.
India medical tourism market feels the weight of Iran war
India's medical tourism sector faces challenges as West Asian tensions continue. Overseas patient numbers remain lower than before the conflict intensified. Hospital chains report a gradual increase in inquiries and arrivals, but traffic has not fully recover…
U.S.-Iran peace deal emerging, while war threats still loom
President Trump and other administration officials are tempering expectations raised of an imminent agreement to end the war in Iran while Iranian officials have signalled there are still disagreements on key issues.
Rubio tours Taj Mahal as Iranian diplomacy picks up
As diplomacy intensifies on ending the Iran war, top US diplomat Marco Rubio was spending the day not in negotiations but at India's world-famous monument to love, the Taj Mahal.
Muslims begin the annual Hajj against a backdrop of war concerns
More than 1.5 million pilgrims have arrived in Saudi Arabia for the annual Hajj pilgrimage, one of the Five Pillars of Islam, against the backdrop of a tenuous ceasefire in the Iran war and related regional tensions.
Akasa Air adds flights while Iran war crimps rivals
While IndiGo, Air India and Air India Express reduced services by 6%, Akasa Air expanded capacity by 13.2% per cent in March and April
India’s youngest airline adds flights while Iran war crimps rivals
India's youngest airline, Akasa Air, is emerging as a significant competitor, expanding capacity by 13.2% while major carriers like IndiGo and Air India reduced flights. This growth occurs amid disruptions from the Iran war, which has increased fuel costs and…
Nifty Pharma, 4 others hit 52-week high since Iran war while Nifty fell 7%. Will the form continue?
Despite a challenging market backdrop fueled by geopolitical tensions and foreign fund outflows, five Indian sectors—Pharma, Energy, Defence, Capital Markets, and Metals—are showing remarkable strength. These sectors are hitting new highs, driven by structura…
News24 | Iran war peace deal due ‘maybe today’, says Rubio, but no ‘rush’ warns Trump
US Secretary of State Marco Rubio said that a deal to end the war with Iran could materialise “today”, adding that Israel had the right to defend itself against attack.
Hardline Republicans slam Trump’s emerging plan to end Iran war
President Donald Trump's proposed deal to end the Iran war is facing strong opposition from some Republicans. Critics worry the terms might allow Iran to develop nuclear weapons and control vital shipping lanes. Trump defends the deal, stating it is the oppos…
From Diet Coke to helium and snack pack ink, here are 5 shortages caused by the Iran war
From monochrome potato chip bags to helium shortages, here are five ways the conflict in the Middle East is wreaking havoc on supply chains.
Traffic at IGIA unaffected by Iran war; daily flyer numbers same as pre-February 28: GMR Airports chairman
Delhi's IGI Airport, managed by GMR Group, has expanded its capacity to handle 10.5 crore passengers annually, with current traffic at 7.9 crore. The airport is prioritizing an automated people mover and enhancing city-side connectivity. Despite short-term im…
LNG tanker exits Hormuz for India for first time since war began
LNG tanker departs Hormuz for India, marking the first shipment since the Iran war began amid ongoing regional tensions.
Rubio to Meet India’s Modi With Energy, Trade Ties in Focus
US Secretary of State Marco Rubio will meet Indian Prime Minister Narendra Modi on Saturday, with energy security high on the agenda as the South Asian nation grapples with soaring oil prices and supply disruptions stemming from the war in Iran.
NRIs pull out $2 billion from bank deposits
Overseas Indians withdrew nearly two billion dollars from Indian bank accounts in March. This outflow occurred during the Iran war. Reserve Bank of India data shows a contraction in Non-Resident Indian deposit inflows. Experts anticipate geopolitical uncertai…
India needs to monitor Iran war impact, RBI report says
The report said financial conditions, crude oil prices and capital flows continue to pose challenges to external sector outlook
US-Iran war impact on India so far: Some important charts
With supply concerns mounting, crude oil prices have surged beyond the $100-per-barrel level, compared to nearly $70 before the conflict escalated. Brent crude, remaining above $111 per barrel, has triggered wider effects across fuel prices, currencies, trade…
Iran War: Quelle Surprise! Vanishingly Unlikely “Deal” Visibly Falling Apart as US Consumer Spending Crumbling
Today's Iran war news: Talks fantasies get a harsh dose of reality as Iran rejects a US nuclear demand while consumers go green at the gills.
Analysis-India's job engine strains as Iran war hits remittances and trade
By Manoj Kumar KANPUR, India May 22 (Reuters) - The war in the Middle East is squeezing two pillars of Indian employment, forcing Gulf-based workers home and...
China Raises Fuel Price Caps Again as Iran War Keeps Oil Markets on Edge
China will raise the maximum retail price of gasoline by $11.03 (75 yuan) per metric ton and diesel by $10.29 (70 yuan) per ton, effective May 22, according to a notice from the state planner. The adjustment is the latest in a series of increases since the Ir…
India's job engine strains as Iran war hits remittances and trade
India's economy is still growing at nearly 7% and urban unemployment stands at 6.6%, but economists and recruiters warn of weak hiring, slow wage growth and worsening job quality
Saudi Arabia: 1.5 million join Hajj pilgrimage despite war
Saudi Arabia has been directly hit by missiles and drones during the Iran war, but the country is hosting the all-important Muslim pilgrimage anyway. This year is the first time that Saudi Arabia has chosen to go ahead with the annual Hajj pilgrimage while it…