CONFLICTS
West Asia crisis fuels crude conflict in Myanmar civil war
Myanmar imports 90 percent of its fuel oil, official figures show, making it particularly vulnerable to supply issues caused by the US-Israeli war on Iran.
Endless wars must give way to end of war: MEA emphasises PM Modi's message on India's engagement with Russia, Ukraine
India has conveyed proposals to Russia and Ukraine aimed at restoring peace in the region. These ideas include ensuring the safety of commercial shipping in the Black Sea and addressing energy and grain export concerns. Prime Minister Narendra Modi discussed the conflict with Ukrainian President Volodymyr Zelenskyy, emphasizing the need for dialogue. Subsequently, External Affairs Minister S Jaishankar engaged in conversations with Russian Foreign Minister Sergey Lavrov.
US, Ukrainian and European officials meet on ending Ukraine war, Steve Witkoff says
US, Ukrainian, and European officials convened to strategize ahead of US-brokered negotiations in Abu Dhabi. The discussions focused on the war's conclusion and future security arrangements in Europe. Participants considered enhancing existing European security institutions after the conflict ends. A primary concern is to address post-war security needs and mitigate future conflict risks. Coordination efforts aim for a sustainable and lasting peace in the region.
Trump says Iran war's 'militarily' over, but US 'locked and loaded'
US President Donald Trump expressed that the military conflict in Iran is essentially concluded. He indicated that military action is not currently deemed necessary, while the US is prepared for any changes. Trump also mentioned ongoing negotiations with Iran, hinting at a potential agreement that could stave off further military actions. Despite this, US military operations remain active, including recent strikes against Iranian targets.
SoO far, yet so close in Manipur
Recent violence in Manipur illustrates how local incidents can quickly escalate into widespread unrest. The Suspension of Operations agreement has become a focal point of political tension ahead of upcoming elections. Various community groups are clashing over issues of special status and historical grievances. Heightened animosities between the Meitei community, Kuki-Zos, and Nagas have exacerbated the situation.
Zelenskyy dials Modi ahead of Abu Dhabi peace talks
Ukrainian President Volodymyr Zelenskyy spoke to Prime Minister Narendra Modi regarding the ongoing Ukraine conflict. Modi expressed India's willingness to assist in achieving a peaceful resolution and emphasized dialogue and diplomacy. India's past peace proposal included suggestions for a ceasefire and protection of Indian seafarers in the Black Sea. Peace talks involving Russia, Ukraine, and the US are set to occur in Abu Dhabi.
PM Modi speaks to Ukraine President Zelenskyy, reiterates India's support for dialogue and diplomacy to end conflict
Prime Minister Narendra Modi spoke with Ukrainian President Volodymyr Zelenskyy over the phone, during which they discussed the ongoing conflict and bilateral ties. Modi reiterated India's support for resolving the conflict through dialogue and diplomacy and offered to contribute to peace efforts.
Middle East oil price war heralds post-conflict glut: Bousso
The Strait of Hormuz has become a bustling corridor for Middle Eastern oil, with exports rising sharply since September. However, the ongoing constraints in demand and refining capacity alongside dwindling global crude inventories mean that producers are slashing prices to lure in buyers within a fiercely competitive arena. Analysts foresee a possible surplus driven by increased output from Gulf nations, and a stable peace could exacerbate market dynamics.
US Secretary of State Rubio will discuss Iran, Ukraine, AI and more with G7 allies in France
US Secretary of State Marco Rubio prepares for a critical discussion with G7 foreign ministers, focusing on urgent global matters such as the ongoing Russia-Ukraine war, the Iran predicament, and the rise of artificial intelligence. This meeting arises in the wake of midterm elections that changed congressional dynamics, fostering curiosity about Trump’s upcoming foreign policy direction.
Oil Price Today (November 9): Crude oil falls below $100 again as Trump says fresh attacks ‘highly unlikely’. What are experts saying?
Crude oil price: Prices came under further pressure after US President Donald Trump indicated that he was unlikely to authorise fresh attacks on Iran if negotiations to end the conflict continued to make progress. In a phone interview with CNN, Trump said further military action was "highly unlikely" to be necessary, provided both sides reached a strong agreement.
19 Indian seafarers stranded in Yemen safely evacuated, Embassy says
The Embassy of India to Yemen has evacuated 19 Indian seafarers who were stranded in Hodeidah and Sana'a. All seafarers are reported to be safe and in good health while returning to India. India has lost a total of 23 nationals amid ongoing conflicts in West Asia, including Indian seafarers and others in shipping attacks.
Trump to meet Qatar's prime minister as Iran diplomacy faces hurdles
US President Donald Trump will meet Qatar's Prime Minister Sheikh Mohammed bin Abdulrahman Al-Thani at the White House on Monday as efforts to end the Iran conflict face obstacles. Qatar has acted as an intermediary between Washington and Tehran. Secretary of State Marco Rubio said negotiations had made little progress.
With Stephen Miller at the helm, Trump charts a course for conflict
Voters delivered a historic rebuke to Republicans in Tuesday's midterm election, but with Miller as White House chief of staff, the Trump administration is expected to continue its aggressive immigration crackdown, amplify cultural conflicts and give no ground to a Democratic-controlled Congress, say officials and experts who spoke to Reuters. They say wavering Republicans will face increased pressure to stay in line, while businesses may have a harder time making their case to the White House.
Mecca pact with Pakistan creates uproar in Turkey parliament: MPs ask why risking Turkish youth for foreign governments' political ambitions
Türkiye has approved a defense pact with Pakistan and Saudi Arabia that commits to mutual assistance. This agreement may lead to Turkish support if Pakistan faces conflict with India. Critics in Türkiye have expressed concerns over the implications for national security commitments. The pact includes a ten-year clause preventing member withdrawal, which raises flexibility questions. Parliamentary approval is required before sending Turkish troops, but concerns about political pressure remain.
Bank of England hikes rates to 4%, first raise since 2023, says more may come amid high UK inflation
In a decisive move, the Bank of England has escalated interest rates to 4% amidst spiraling inflation, projected to hit 4.8% in Q2 next year. Governor Andrew Bailey cautioned that further hikes may be necessary, especially with ongoing global conflicts. Market reactions were notably favorable, with the British pound gaining strength against the US dollar. Enhancements in economic data have prompted economists to revise growth forecasts upwards.
World War 3: Is UK bringing back compulsory military service? Report claims conscription may return if major war erupts
Amid rising concerns over potential conflicts, discussions on mandatory military service in the UK have gained momentum. Experts assert that the government would likely mobilize reservists and former service members before implementing a draft. Retired Army chief Lord Dannatt emphasized that young adults aged 18 to 24 would be the primary focus of any conscription efforts.
Uber's profit forecast disappoints as driver shortages, Middle East conflict hurt
The company is responding by spending more to recruit and retain drivers, a cost that will be watched closely because it comes as the company also funds a major push into autonomous vehicles and a string of acquisitions.
Iran says Indian ships exempt from Strait of Hormuz restrictions, urges military to consider Qatar peace proposal
Iran has exempted Indian vessels from restrictions in the Strait of Hormuz, along with ships from China, Iraq, and Qatar. The exemption aims to facilitate India's medicine imports while acknowledging China's political and economic relations. Senior Iranian leaders are advocating for a Qatari-brokered proposal to prevent renewed conflict with the United States. Diplomatic efforts are ongoing, despite assessments suggesting a renewed conflict may be likely.
Saudi Aramco Q3 profit jumps 34.5% to $36.25 billion despite ongoing US-Iran conflict
Saudi Aramco reported a 34.5% year-on-year rise in third-quarter net profit to $36.25 billion, beating analyst estimates. Higher oil prices and the exit from a joint venture supported earnings, helping offset production disruptions and security risks amid the US-Iran conflict.
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