IRAN WAR INDIA
Sensex settles with marginal gains, Nifty closes above 24,350 as Iran-US war escalations keep sentiment fragile
Indian stock markets saw marginal gains on Monday. Fresh escalations in the Iran-US conflict kept sentiment fragile and oil prices higher. The Sensex and Nifty closed with small increases. Broader markets and sectoral indices experienced declines. Foreign investors remained net buyers for the third consecutive day. The rupee continued to gain against the US dollar.
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 summons Iranian envoy over firing at two Indian-flagged vessels in Strait of Hormuz: MEA
India has summoned Iran's ambassador to protest a firing incident involving two Indian-flagged ships. The Foreign Secretary conveyed New Delhi's deep concern. India stressed the importance of safe shipping in the Strait of Hormuz. It urged Iran to ensure the safety of vessels and resume facilitating India-bound ships. The ambassador promised to relay India's views to Tehran.
India summons Iran envoy over incident of firing at ships in Strait of Hormuz
India summoned the Iranian envoy after an incident in the Strait of Hormuz. Two Indian vessels had to turn back following reports of gunfire from Iran's Revolutionary Guards. This occurred after Iran initially opened and then closed the waterway. India has previously stated its commitment to safe maritime passage.
A deal is only done when it's done: Pak official sources on Iran-US talks
As Prime Minister Shehbaz Sharif and Chief of Defence Forces Field Marshal Asim Munir wrapped up their respective visits to West Asia, reports began to circulate about the second round of talks in Islamabad.
US Israel-Iran War Day 50: India summons Iranian envoy after attack on Indian tankers in Hormuz; Trump says talks update by day-end
Iran War News Day 50: The Iran-Israel conflict reaches 50 days. Diplomatic efforts are underway, but violence persists. India has protested Iran's actions against its ships. Global oil routes face threats. A potential US-Iran deal is discussed. Lebanon sees shifts amid ongoing strikes. The defense industry sees increased demand. The situation remains uncertain.
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Iranians fear sharpening pressure after war and crackdown
Iranians are trying to live normally after bombing and protests. Shops and parks are open, but the economy is struggling. People fear more government pressure after a potential deal with the US. The war has killed thousands and damaged infrastructure. Many Iranians feel the war did not help them and worry about their future.
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.
US extends waiver allowing India and other countries to buy Russian oil
The Donald Trump administration has issued a short-term waiver allowing countries to continue buying sanctioned Russian oil loaded on ships until May 16, aiming to stabilise global energy prices amid the US-Israeli war on Iran.
Iran reopens Strait of Hormuz, but with strings attached
The Strait of Hormuz has reopened for commercial ships following a ceasefire between Israel and Lebanon. This move initially boosted oil markets. However, Iran has cautioned that the waterway could be shut again if the United States continues its naval blockade of Iranian ports. Meanwhile, US President Donald Trump stated a deal with Iran is nearing completion.
Next round of US-Iran talks likely to be held in Pakistan on Monday: Iranian sources
Iranian and American negotiators are set to meet in Islamabad on Monday. This development signals renewed diplomatic efforts to ease tensions in West Asia. Leaders from Qatar and Turkey have also met Pakistan's Prime Minister, discussing de-escalation. Pakistan's Army Chief recently visited Tehran, aiming to prepare for further talks.
Trump telegraphs end to Iran war as focus turns to economy
President Donald Trump indicates a desire to conclude the US conflict with Iran. Talks have reportedly outlined an agreement, with Trump stating Iran will not close the Strait of Hormuz again. This development comes as midterm elections approach, with domestic economic concerns potentially influencing the President's decisions. Negotiations are ongoing, with a potential deal nearing finalization.
Anticipating the inevitable: What India must learn from prepared economies in an age of recurring crisis
Global markets are reacting to the expectation of disruption. Countries that prepare for crises in calm times fare better. China and Russia show how foresight builds resilience. India must embed anticipation into policy. This crisis is a warning for a volatile world. Strategic resilience is cultivated before shocks arrive. The test of statecraft is the discipline to be less surprised.
Rupee edges higher as optimism over Iran peace deal firms
The Indian rupee closed slightly stronger on Thursday on growing optimism over a potential deal to end the Iran war, which kept oil prices below $100 a barrel and lifted global equities to record highs.
'Your ships will be sunk by our first missiles': Iran warns US over Strait of Hormuz
The military adviser to Iran's supreme leader Mojtaba Khamenei on Wednesday warned that Iran would sink American ships in the Strait of Hormuz if the United States decided to "police" the key shipping bottleneck. Mohsen Rezaei, a former commander-in-chief of Iran's Revolutionary Guards who was named as a military adviser by Khamenei last month, told state TV. "These ships of yours will be sunk by our first missiles and have created a great danger for the US military.
India's monthly LPG imports halve, domestic output falls
India's cooking gas imports have significantly dropped this month. This follows a similar trend in March. Domestic production has also decreased. These factors are creating a tight supply situation for LPG. Disruptions in energy flows from the Gulf are impacting global markets. India is seeking alternative suppliers, but options are limited.
US Israel-Iran War Day 47: Pakistan mediation, IMF risk warnings and Trump’s ceasefire optimism drive parallel tracks
Iran War Day 47 Updates: The Iran-Israel war continues with signs of peace talks emerging. US President Donald Trump believes the conflict is nearing its end. Diplomatic efforts are underway between Israel and Lebanon. However, military actions persist, and economic pressures are mounting globally. The core issue of Iran's nuclear program remains a key point of contention. Global powers are engaging to de-escalate the situation.
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.
Indian LPG vessel Jag Vikram docks at Kandla after Strait of Hormuz transit, first Indian ship through since US-Iran ceasefire
The Indian LPG tanker Jag Vikram became the first Indian vessel to cross the Strait of Hormuz since the US-Iran ceasefire, highlighting cautious resumption of maritime movement amid ongoing tensions. The government is meanwhile working to bring back other stranded Indian ships as disruptions continue in the region.
US doesn't 'have time for Ukraine' because of Iran war: Zelensky
Ukrainian President Volodymyr Zelensky stated US peace negotiators are preoccupied with Iran. He highlighted concerns about delayed US arms deliveries crucial for Ukraine's defense. Zelensky mentioned this issue impacts PAC-3 and PAC-2 interceptor missiles. He spoke alongside Norwegian Prime Minister Jonas Gahr Store, announcing enhanced defense cooperation and Ukrainian drone manufacturing in Norway.
US-Iran war: Trump, PM Modi discuss Hormuz passage & safety
President Trump and Prime Minister Modi discussed the Strait of Hormuz following the US blockade after Iran peace talks broke down. Both leaders emphasized the need for an open and secure strait, addressing India's concerns about its ships. This call follows a previous discussion after the Iran war began.
Post-war climate change: As the world witnesses accelerated US decline, can India not get caught flat-footed?
The West Asian war is set to accelerate America's decline and China's ascent. Europe may look up to the US no more. Nations will prioritise energy security, moving away from fossil fuels. The dollar's dominance is likely to weaken. A new blockchain-based currency, 'Bancor', could emerge, offering an alternative to dollar hegemony. China will bolster its electric technology leadership. India stands to benefit from escaping dollar sanctions.
Trump says Italy's Meloni lacks 'courage' on Iran war
US President Donald Trump criticised Italian Prime Minister Giorgia Meloni for her unwillingness to help in the Iran war, in an interview published Tuesday. Trump said she did not want Italy to be involved in the war, which began with Israeli-US attacks on Iran, even though it gets much of its oil from the region.
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 keeping close contact with India on ship transit: Envoy
Iran's ambassador to India, Mohammad Fathali, confirms good contact with the Indian government on ships passing through the Strait of Hormuz. He indicates Iran will soon announce a mechanism for navigating the critical shipping route. Fathali thanks India for its support during difficult times and attributes the current situation to actions by the US and Israel.
Iran ambassador thanks India, signals peace talks but warns Iran ‘ready for war’
Iran's Ambassador to India expressed gratitude for Indian support during difficult times. He highlighted ongoing negotiations concerning nuclear issues, war reparations, and sanctions relief. The Ambassador stated Iran is prepared for peace and talks but also for conflict. He criticized the United States for past actions and alleged US and Israeli initiated attacks.
Iran war leaves crisis-scarred countries counting the cost
Iran war: Sri Lanka, Egypt, and Pakistan are struggling with rising energy costs. The Iran war has worsened their economic situations. These countries rely on energy imports, making them vulnerable. International bodies like the IMF are ready to provide emergency support.
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.
Israel, Iran war: India says deeply concerned by reports of civilian casualties in Lebanon
India is deeply concerned by reports of civilian casualties in Lebanon. This comes after Israel's significant bombardment in its war with Lebanon. India has always prioritized civilian protection and adherence to international law. India and Israel share close ties. Israeli strikes are straining a fragile ceasefire between Washington and Tehran as they prepare for talks.
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