American forces have struck an Iranian drone carrier, setting it ablaze. This is part of a larger military campaign against Iran, Operation Epic Fury. US bombers have hit nearly 200 targets. Iranian retaliatory attacks have significantly decreased. The US is…
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Indian exporters are bringing back nearly half of their stranded containers from ports. This move aims to avoid hefty demurrage and detention charges caused by the West Asia conflict. Perishable goods like fruits, vegetables, and pharmaceuticals are prioritized for domestic…
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Gulf sovereign wealth funds might shift investments inward if the Strait of Hormuz remains blocked due to the Iran-Israel conflict. This could reduce global investment flows. India may also see fewer investments. These funds manage significant assets and could support…
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Oil prices fell more than two percent in early Asian trade after strong gains in recent days on the back of the conflict in the Middle East. “Further action to reduce pressure on oil is imminent and the oil (price)…
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India is purchasing millions of barrels of Russian crude oil due to a supply crunch caused by the Middle East conflict. The U.S. Treasury issued a 30-day waiver allowing these purchases of oil stranded at sea, a temporary measure to…
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India imports nearly 85 per cent of its crude oil requirement. That single statistic explains why global oil disruptions matter so deeply for the country. The first and most immediate impact of any escalation is crude oil prices. Even a…
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