IRAN WAR EFFECTS ON AUTOMOBILE INDUSTRY
UAE asks US for a wartime financial lifeline as Iran conflict drags: Report
The United Arab Emirates is in discussions with the United States regarding a potential financial backstop. This measure is being considered in anticipation of a deepening crisis stemming from the Iran war. UAE Central Bank Governor raised the possibility of a currency-swap line with US Treasury officials.
Iran says US negotiations have progressed but far from final deal
Progress had been made in negotiations with the United States to end the war, Iran's parliamentary speaker said on Saturday night, but added the sides were still far from an agreement. "We are still far from the final discussion," Mohammad Bagher Ghalibaf, who is also one of Iran's negotiators, said in a national televised address, adding "we made progress in the negotiations, but there are many gaps and some fundamental points remain". bur/ceg/abs
Endurance, the new superpower of the battlefield
The economy of attrition is the big new reality of the battlefield. Expensive defences are badly struggling against waves of cheap drones and missiles. Nations must now prioritise scalable, resilient and cost-effective defence systems. India faces this challenge, needing to develop innovative solutions to counter asymmetric tactics and prevent fiscal exhaustion. This strategic shift is crucial for future security.
Iranian gunboats fire on tanker in Strait of Hormuz as Iran reimposes restrictions
Things are getting tense in the Strait of Hormuz! Shipping sources are reporting that merchant vessels have come under fire as they tried to navigate through the crucial waterway. This is a serious development, and it's causing major concern for international shipping traffic in the region.
Strait of Hormuz closed again over US blockade, says Iran military command
Iran's military command has announced the closure of the Strait of Hormuz, a vital energy shipping channel, citing a US blockade. This move follows alleged US-Israeli strikes and Iran's prior threat to charge fees for passage. The strait is crucial as it handles approximately one-fifth of global oil and LNG supplies.
US President Donald Trump shares a post claiming him to be 'The Peace President'
Donald Trump has claimed he is a peacemaker who settled eight wars, including a potential conflict between India and Pakistan. He shared this on his social media platform, Truth Social, calling himself 'The Peace President'. Trump also spoke about ongoing talks with Iran and a ceasefire between Israel and Lebanon.
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Iran war has revealed Trump's pressure point: the economy
Iran's actions in the Strait of Hormuz have revealed a key vulnerability for President Trump. The conflict has led to rising energy costs and inflation, impacting American consumers. This economic pressure is forcing Trump to seek a diplomatic solution. Adversaries like Russia and China are observing these developments.
Trump says China's Xi is 'very happy' about Strait of Hormuz reopening
US President Donald Trump shared that Chinese President Xi Jinping is pleased with the Strait of Hormuz situation. Trump expressed anticipation for a significant and potentially historic meeting with President Xi in China. He believes much will be achieved during their upcoming discussions. The leaders are set to meet soon.
Lagarde: Iran war to have mid-term effect on inflation
The Iran war poses risks to Europe's economy. Growth may slow, and inflation could rise beyond forecasts. The European Central Bank is watching closely. Policymakers are considering interest rate hikes to manage energy-driven price shocks. Decisions will depend on incoming data. The situation remains uncertain as the bank monitors developments.
A 10-day ceasefire agreed on by Israel and Lebanon goes into effect
A 10-day truce has begun in Lebanon, pausing fighting between Israel and Iran-backed Hezbollah and raising hopes of extending a wider ceasefire involving the United States and Iran after weeks of war that disrupted the region.
'Camel dreams of cottonseed': Iran's state broadcaster mocks Trump's peace deal claims
Iranian state media mocked US President Donald Trump after he claimed Washington was close to a deal with Tehran that would give the US “free oil and free Strait of Hormuz,” calling his remarks “building castles in the air.”
Iran has limited the impact of US strikes, intelligence says
Western intelligence suggests Iran's military planning helped it survive US-Israeli attacks. Despite significant damage and leader deaths, Iran's missile and drone forces remain operational. The country has decentralized decision-making and is preparing for potential future conflict. This contrasts with US claims of complete military destruction. Iran's resilience poses a challenge to US objectives.
Noida workers stir: Unrest hastens search for national floor wage rate
The move comes in the backdrop of the recent unrest in the NCR with factory workers demanding higher wages after the implementation of the labour codes."We are examining the current wages and inflation across states and will soon arrive at floor wage rate for different geographies," a senior government official told ET on condition of anonymity.
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.
US ready to resume strikes if Iran rejects peace deal, warns Hegseth
U.S. Secretary of War Pete Hegseth warned Iran that the United States is strengthening its military power and will maintain a maritime blockade "for as long as it takes." He stated that U.S. forces are prepared to resume combat operations if Iran does not agree to a peace deal, emphasizing that the U.S.
Gold gains on softer dollar, markets eye US-Iran developments
A weaker dollar supported gold prices, as uncertainty around US-Iran developments kept safe-haven demand intact.
From dropping bombs to pressuring banks: US pivots to economic warfare on Iran
The Trump administration is shifting its Iran strategy towards economic pressure, threatening secondary sanctions on countries doing business with Tehran. Treasury Secretary Scott Bessent stated these moves are the "financial equivalent" of a bombing campaign, aiming to choke Iran into submission. This escalation targets entities like Chinese banks and warns allies like the UAE, as the U.S.
White House denies US requested ceasefire, says new talks may happen in Pakistan
The White House denied reports of requesting a ceasefire in the Iran war, but said talks with Tehran remain ongoing and “productive.” Press secretary Karoline Leavitt indicated Pakistan could host the next round, as efforts continue to secure a deal amid escalating regional tensions and disrupted global energy flows.
Pakistani delegation arrives in Tehran in move to ease tensions and arrange more US-Iran talks
Pakistan's army chief is in Tehran for talks aimed at easing Middle East tensions. This visit is part of ongoing mediation efforts for a second round of negotiations between the United States and Iran. A fragile ceasefire is in place, but challenges remain. Regional officials report progress in discussions. Meanwhile, Israeli forces continue operations in Lebanon following diplomatic engagement.
US announces new sanctions on Iranian oil as it holds Hormuz 'hostage'
The United States is intensifying sanctions on Iran's oil industry, targeting over two dozen individuals, companies, and ships linked to petroleum magnate Mohammad Hossein Shamkhani. This action aims to curb Iran's revenue generation as it continues to blockade the Strait of Hormuz amid the ongoing Middle East war.
West Asia War: Mediators move closer to extending US-Iran ceasefire, officials tell AP
West Asia War: Mediators are working to extend the United States and Iran ceasefire. Talks are progressing to salvage the truce before it expires next week. The US blockade on Iranian ports and Iranian threats had imperiled the agreement. Regional officials report an in-principle agreement to extend the ceasefire for more diplomacy.
Iran war: Pakistan plans two hours of daily power outage to dodge rising bills
Pakistan plans two-hour evening power cuts to manage rising energy costs amid the Iran war, which has disrupted fuel supplies and increased reliance on expensive fossil fuels. The outages aim to control peak demand and limit electricity price hikes, with authorities directing utilities to ensure scheduled, transparent cuts.
IMF, World Bank and IEA aim to have calls every two weeks to assess war's impact
International Monetary Fund chief Kristalina Georgieva said global institutions plan biweekly calls to monitor energy market disruptions from the Middle East conflict. She also urged countries not to hoard oil or restrict exports to avoid worsening supply shocks.
US destroyer turns back 2 Iran oil tankers after Donald Trump blockade begins
A U.S. destroyer intercepted two oil tankers departing Iran and ordered them to turn back, marking early enforcement of Donald Trump’s Hormuz blockade. The move signals rising tensions as Washington ramps up pressure on Tehran amid ongoing conflict and fragile ceasefire talks.
Auto sales hit record high in FY26 as tax cuts, rate easing drive demand
India’s automobile sales hit a record high in FY26, driven by tax cuts, lower interest rates and revised income tax slabs, according to Society of Indian Automobile Manufacturers. Sales rose across all segments, with passenger vehicles up 8% and exports jumping 24%. Industry leaders said demand remained strong despite global uncertainties, with growth expected to continue, though geopolitical risks and rising costs are being closely monitored.
West Asia war: Marine war-risk insurance tightens as reinsurers adopt no-market stance
West Asia war: Reinsurers are pulling back marine war-risk cover amid heightened geopolitical risks after failed US-Iran talks, prompting India to explore a sovereign-backed insurance pool to support shipping in high-risk zones.
Iran threatens to retaliate against Gulf ports for US blockade
The United States military will blockade ships leaving Iran's ports starting Monday. Iran has threatened retaliation against Gulf neighbors. Oil prices have jumped significantly as the Strait of Hormuz remains closed. Talks to end the conflict have broken down. NATO allies refuse to join the blockade. US President Trump warns high gas prices may persist.
Karnataka plans 500-acre industrial hub with ARAI centre in Mandya
Karnataka is planning a major industrial hub in Mandya district. This hub will include a centre for the Automotive Research Association of India. The state government is exploring land options for a facility of at least 500 acres. This initiative aims to boost economic activity and create jobs in the region.
Charting the global economy: War fuels inflation, saps sentiment
Surging fuel costs from the Iran war are driving a rapid increase in global inflation and a significant drop in consumer confidence.
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