IRAN CONFLICT AIRSPACE CLOSURE
Trump says US representatives heading to Islamabad for ceasefire talks; warns to 'wipe out' Iran's power plants if deal fails
American representatives are heading to Islamabad for talks with Iran. President Trump issued a stern warning of military action if Iran rejects a proposed deal. Tensions remain high in the Strait of Hormuz. Previous ceasefire negotiations in Islamabad concluded without a breakthrough. The US seeks a commitment from Iran regarding nuclear weapons.
US Israel-Iran War Day 51: Strait of Hormuz tensions rise as Iran fires on tanker, talks continue
Iran War News Day 51: As the clock ticks into the 51st day of the Iran-Israel conflict, West Asia finds itself in a heightened state of alert. Iran's latest restrictions on the strategic Strait of Hormuz are causing significant disruptions to important LNG shipments. These actions, paired with mixed messages from Tehran, have created a fog of confusion at sea.
US-Iran war: Tehran doubles down on closing the Strait of Hormuz as the ceasefire nears expiration
US-Israel war with Iran: Tehran is maintaining its blockade of the Strait of Hormuz. This action continues as long as the United States maintains its blockade of Iranian ports. Mediators are working to extend a ceasefire between the two nations. Tensions remain high as the war enters its eighth week. The situation threatens global energy supplies and regional stability.
India resilient amid oil shock, may grow 6.8%-7.1% despite global headwinds: SBI Research
India faces global challenges from a strong position. Economic growth is projected between 6.8% and 7.1% for FY27. The nation's banking sector is robust. Opportunities arise for GIFT City and Indian airports. The Reserve Bank of India is likely to maintain its current monetary policy stance. India's resilience is evident amidst regional conflict and global uncertainties.
India LPG consumption slides 13% amid West Asia conflict
India's LPG consumption plummeted by 13% in March due to West Asia conflict-induced supply disruptions. Despite government efforts to boost domestic production and meet household demand, commercial and bulk sales saw significant drops. However, overall LPG consumption for the fiscal year ending March 2026 still registered a 6% increase.
Iran to reopen airspace in phased "four-stage" plan following regional conflict
Citing the deputy director of Iran's Civil Aviation Organisation, the report indicates that flight operations will resume in a graduated manner, moving from the eastern regions of the country towards the west.
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Hormuz standoff: Trump misread his leverage and overplayed his hand
A brief reopening of the Strait of Hormuz offered hope for US-Iran ties. Oil prices fell and markets rallied. However, Iran quickly reversed course, shutting the strait again. This move contradicted US claims about negotiations. Experts suggest Trump may have misjudged his leverage, potentially hindering talks.
Oil prices well below $100 as Strait of Hormuz reopens but experts aren’t convinced just yet. Here’s why
Global markets are breathing easier as Iran declares the Strait of Hormuz fully open, a crucial oil route, amid a potential U.S.-Iran deal. This development, coupled with a Lebanon-Israel ceasefire, has sent oil prices plummeting. While experts see a temporary reprieve, concerns linger over Iran's nuclear program and sanctions, suggesting oil prices may remain elevated.
Bitcoin (BTC USD) or gold: Which safe haven asset did traders choose during the US-Iran conflict?
Bitcoin (BTC USD) vs gold as safe haven: Markets experienced a significant jolt following geopolitical tensions, with oil seeing a surge in trading activity instead of Bitcoin. While Bitcoin initially dropped, it later rebounded, outperforming equities over the full conflict period. Gold maintained its status as a traditional safe-haven asset.
US Stocks: Russell 2000 scales intraday peak weeks after war-driven slide into correction
The small-cap Russell 2000 hit its first intraday record high on Friday since the U.S.-Iran conflict erupted, joining other major indexes at all-time highs and suggesting the recent equities rally is broadening beyond large companies.
UAE envoy to India flags 2,890 strikes on civilian infra since Feb 28, says 4 million Indian expats integral to nation
The UAE ambassador has reported 2,890 missile and drone attacks. He called these unprovoked strikes and urged stronger international action. The UAE faced these attacks despite not being a direct party to the conflict. These incidents threatened regional stability. UAE air defence systems intercepted most incoming threats. International bodies have called for accountability and reparations.
China steps up Iran diplomacy while seeking smooth summit with Trump
China is actively working to end the Iran war, balancing its diplomatic efforts with an upcoming summit with U.S. President Donald Trump. Beijing is seeking to safeguard its energy supplies while leveraging its back-channel influence with Tehran, a role Trump has acknowledged. The focus remains on preserving strategic stability and advancing China's trade and Taiwan objectives at the summit.
Oil falls on prospects for talks to end Iran war and revive supply
Oil prices dropped as hopes rise for an end to the Middle East conflict. A ceasefire between Lebanon and Israel is in effect. President Donald Trump indicated potential talks with Iran. This development could ease disruptions to global oil supply. Analysts noted significant oil flow was impacted by the Strait of Hormuz closure.
Oil falls on prospects for talks to end Iran war and revive supply
Oil prices dipped as a 10-day ceasefire between Lebanon and Israel took effect, fueling optimism for an end to the Middle East conflict. President Trump indicated potential talks with Iran over the weekend, following Tehran's offer regarding nuclear weapons. This development comes as analysts estimate significant oil supply disruptions due to the Strait of Hormuz closure.
The invisible hand pushing for peace?
Amidst rising hopes for peace in the Persian Gulf, financial markets exhibit a newfound optimism. Falling crude oil prices signal a shift, with speculations of renewed negotiations between the US and Iran gaining traction. Stock markets are bouncing back, reflecting these positive sentiments.
Singapore Airlines CEO meets Tata Sons Chairman Chandrasekaran
Singapore Airlines CEO Goh Choon Phong met with Tata Sons Chairman N Chandrasekaran and other executives to discuss the loss-making Air India. The meetings come as Air India faces challenges including increased operating costs due to airspace restrictions and a recent leadership change. The airline's financial performance is impacting Singapore Airlines.
Hopes rise for Iran war deal despite nuclear sticking points
Optimism is rising that the Iran war could be nearing a resolution after mediation efforts—led in part by Asim Munir—made progress on key issues, with both sides open to resuming talks and extending a ceasefire. However, major differences remain over Iran’s nuclear programme, with disagreements on the duration of limits and handling of enriched uranium, even as global markets rally on hopes of a deal. The conflict, which has disrupted the Strait of Hormuz and rattled the global economy, may also hinge on parallel ceasefire efforts in Lebanon and broader regional de-escalation.
Oil Price Today (April 16): Crude oil hovers below $95 amid Iran war peace talks. Where are prices headed?
Oil prices stayed below $95 as hopes of a US-Iran deal cooled supply concerns, with near-term direction hinging on progress in geopolitical talks and actual restoration of supply flows.
Attacks on merchant shipping completely unacceptable, says Jaishankar amid West Asia situation
India's External Affairs Minister S Jaishankar has strongly backed safe and unimpeded maritime shipping. He stated that attacks on merchant vessels are unacceptable. This comes as India engages diplomatically on the West Asia conflict. The minister also highlighted India's commitment to energy market supply chain resilience. India is closely monitoring developments in the region.
Air India asks Tata, Singapore Air for funds after $2.4 billion loss
Air India reported a wider-than-expected annual loss of over ₹220 billion ($2.4 billion) for FY26, driven by multiple disruptions including a fatal aircraft crash, airspace restrictions, and geopolitical tensions. The airline is now seeking fresh funding from its shareholders, including Tata Group and Singapore Airlines, though the final amount is still under discussion.
Oil Price Today (April 15): Crude oil below $95, falls for second consecutive day. What’s behind the decline?
Oil prices fell for a second day on hopes that renewed U.S.-Iran talks could ease Middle East supply disruptions after the Strait of Hormuz closure. Optimism grew after Donald Trump signaled negotiations may resume soon, raising expectations of a resolution that could restore crude flows.
India activates global diplomatic grid to secure 9.5 lakh citizens amid West Asia crisis
India has evacuated nearly 9.5 lakh nationals from West Asia amid escalating conflict, with the Ministry of External Affairs coordinating large-scale air and land operations. External Affairs Minister S. Jaishankar is leading diplomatic outreach, while missions across the region provide 24x7 assistance, special evacuation routes and support for stranded citizens, including students and seafarers.
Iran war upends IEA's oil market outlook as global supply and demand to contract in 2026
The International Energy Agency forecasts a global oil supply and demand fall due to the Iran war, citing the largest supply disruption in history. Demand growth is now predicted to drop by 80,000 bpd, with significant cuts in the Middle East and Asia-Pacific. Global output is expected to decrease by 1.5 million bpd this year.
'World order is crumbling,' Xi says as Iran war strains global stability
Chinese President Xi Jinping told Spain’s Prime Minister Pedro Sánchez that the “world order is crumbling into disarray” amid the Iran war, urging closer ties and multilateral cooperation. The meeting focused on economic relations, global conflicts, and Spain’s push to act as a bridge between China and the European Union.
NATO allies refuse to join Trump's Strait of Hormuz blockade
America's NATO allies will not join President Trump's plan to blockade the Strait of Hormuz. Britain and France stated they will not participate in the blockade. They emphasized the need to keep the vital waterway open. France will organize a conference to restore navigation. Turkey called for diplomacy to reopen the strait.
Over 9 lakh people evacuated from West Asia: MEA
As the security situation evolves in West Asia and the Gulf region, a senior MEA official said on Monday that wide-scale efforts are underway to ensure the safety and movement of the Indian community in the region, with over 9 lakh Indians having been brought back to the country.
Netanyahu vows to continue strikes on Hezbollah "wherever necessary" to restore security in northern Israel
Israel vows to continue strikes on Hezbollah, aiming to restore security to its northern residents. Meanwhile, Iran accuses the US and Israel of violating a temporary ceasefire agreement. This has led Iran to threaten withdrawal from upcoming talks in Islamabad. The negotiations were intended to de-escalate regional conflict. Both sides remain prepared for further action.
Since February 28, 7,88,000 passengers travelled to India from West Asia amid conflict: MEA
Since the inception of the conflict in West Asia on February 28 after US-Israeli strikes killed Iran's supreme leader Ali Khamenei, around 788,000 passengers have travelled to India from the region as hostilities escalated, the Ministry of External Affairs (MEA) stated on Wednesday.
Two CEOs' exits & crises in the skies: The turbulent year that tested India’s biggest airlines
Air India's CEO Campbell Wilson has stepped down following a year of operational, regulatory, and financial challenges, including a fatal crash and safety lapses. This exit mirrors IndiGo's recent leadership change after widespread flight disruptions due to pilot fatigue issues, placing both major Indian carriers in transition amidst market strain.
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