Asian stock markets traded mixed on Tuesday as investors assessed the latest escalation in US economic pressure on Iran, while oil prices remained relatively stable after a sharp decline in the previous session. Market participants were also looking ahead to several potentially significant economic and corporate developments in the United States later this week. The...
US President Donald Trump has intensified the confrontation with Iran by saying that the United States could declare the strategically vital Strait of Hormuz US territory after what he described as Iran’s defeat. The statement marks a significant escalation in Washington’s rhetoric over one of the world’s most important maritime passages and comes as the...
The conflict between the United States and Iran intensified further as military strikes, threats against critical infrastructure and attacks on commercial shipping raised fears of a wider regional confrontation. The latest escalation came as a Saudi-linked oil tanker was reportedly struck near Yemen, while Iran faced another round of US attacks and Kuwait reported that...
The conflict between the United States and Iran escalated further on Wednesday as US forces carried out another round of airstrikes across Iranian territory, marking the 11th consecutive night of attacks and deepening concerns that the military confrontation could expand into a wider regional crisis. The latest strikes reportedly targeted a range of military infrastructure,...
Global oil prices could climb sharply in the coming months if disruptions to crude shipments through the strategically vital Strait of Hormuz continue, with Brent crude potentially rising above $120 a barrel by the fourth quarter, according to a Goldman Sachs assessment. The projection comes amid heightened geopolitical tensions in the Middle East and growing...
The Strait of Hormuz, one of the world’s most strategically important maritime corridors for energy transportation, is witnessing a significant decline in shipping activity as escalating tensions involving Iran continue to disrupt global oil trade. The slowdown has raised fresh concerns among governments, shipping companies, energy traders, and financial markets about the security of one...
Indian benchmark equity indices witnessed a weak start to trading as escalating crude oil prices and cautious global market sentiment prompted investors to reduce exposure to equities. The domestic market came under selling pressure across several key sectors, reflecting growing concerns over inflationary risks, corporate earnings, and the broader economic outlook. The benchmark BSE Sensex...
Global financial markets experienced heightened volatility as renewed military tensions involving the United States and Iran pushed crude oil prices higher while weighing heavily on technology stocks. Investors reacted cautiously to the latest developments in the Middle East, fearing potential disruptions to global energy supplies and a prolonged period of geopolitical instability. The renewed conflict...
Fuel prices across India witnessed another significant increase as petrol and diesel rates were raised by more than ₹2.5 per litre in major cities. This marks the fourth fuel price hike within a span of just 10 days, intensifying concerns among consumers, transport operators, and businesses already grappling with rising living costs. The latest revision...
In a significant development impacting millions of consumers across the country, petrol and diesel prices have been increased by ₹3 per litre, marking a fresh rise in fuel costs just days after the government urged citizens to reduce fuel consumption and adopt austerity measures. The revised prices, implemented by state-run oil marketing companies, took effect...