#middle-east-crisis
Quant Mutual Fund says investors should stay agile in portfolio allocation amid market shifts
The fund house noted that the geopolitical crisis in the Middle East had entered its eighth month and resulted in severe disruptions to global commodity supplies, with Brent crude rising above $100 a barrel.
India Explores Alternative Energy Sources Amid Oil Supply Shock
India’s Prime Minister Narendra Modi has urged the government to urgently explore an increase in the use of alternative energy sources, including biogas as a substitute for liquefied petroleum gas (LPG), as the Middle East crisis is choking oil and gas supply…
Good news for Putin: UK loosens sanctions on Russian oil as petrol prices reach their highest levels yet and jet fuel crisis bites holiday industry
According to the licence, the sanctions carve-out will be periodically reviewed as fuel prices rise due to the closure of the Strait of Hormuz and the ongoing crisis in the Middle East.
Indian Airlines Ask Refiners to Postpone Local Jet Fuel Price Hike
Major Indian airlines have asked the state oil companies to postpone hikes in jet fuel prices for domestic flights until the Middle East crisis is over, Bloomberg reported on Tuesday, quoting sources with knowledge of the development. India’s oil marketing co…
Crude oil prices likely to stay higher for longer: ADB Chief Economist
Crude oil prices are set to remain high due to the Middle East crisis. This will affect India's economy, lowering GDP growth in FY27. Inflation is also expected to rise significantly. Weather disruptions and fertilizer costs could further impact food prices. …
India plans stronger exporter support as Middle East crisis strains trade flows
India's government is poised to enhance its export tax refund initiative, a strategic move aimed at bolstering its international trade amidst ongoing geopolitical tensions and high shipping expenses. By extending the program for another five years and increas…