Silver prices were range bound on Wednesday, March 18, as investors stayed cautious ahead of the US Federal Reserve’s rate decision later in the day, with inflation risks rising due to elevated oil prices amid the prolonged Middle East conflict. The US Federal Reserve is widely expected to keep interest rates unchanged, while markets remain…
Silver prices jumped on Tuesday, March 17 supported by easing concerns over prolonged disruptions to oil shipments, as investors evaluated the economic fallout of the Middle East conflict ahead of a series of central bank policy decisions this week. On MCX, silver rate rose 2% to ₹2,61,457 per kg while gold price advanced 0.8% to…
Indian oil marketing company (OMC) stocks remained under pressure on Monday as crude oil prices stayed above the key psychological mark of $100 per barrel and hopes of a diplomatic breakthrough in the Iran-Israel-US war remained elusive. With the Strait of Hormuz effectively shut to traffic, investors are increasingly pricing in the risk of prolonged…
Iran has permitted Indian-flagged vessels to transit the Strait of Hormuz following back-channel diplomatic negotiations between New Delhi and Tehran – even as the waterway remains effectively closed to ships linked to the United States, Europe, and Israel, according to several media reports. The Indian-flagged tankers Pushpak and Parimal transited the Strait of Hormuz safely,…
US-Iran War: Pakistan Prime Minister Shehbaz Sharif on Monday announced a slew of austerity measures aimed at saving fuel in the country as oil prices soar due to the US-Israeli war on Iran, news agency AFP reported. Sharif – who addressed the nation on the state-run PTV and other private channels – described the decision…
The Iran war has put at risk some of the world’s most critical oil and gas infrastructure — the pipelines, refineries, and shipping terminals that keep energy flowing from the countries around the Persian Gulf to the global economy. Strikes by Iranian drones have disrupted operations, while the effective closure of the Strait of Hormuz…
US-Iran war: As geopolitical tensions escalate in resource-rich regions like Iran, Vedanta Chairman Anil Agarwal has issued a sharp warning: India’s heavy dependence on imported natural resources leaves it dangerously exposed to global shocks. In a post on With oil, gas and gold forming a significant share of the country’s import bill, he stressed that…
Qatar has halted the production of liquefied natural gas (LNG) at the world’s largest export facility after it was targeted in an Iranian drone attack, triggering a sharp spike in European gas prices and sending shockwaves through global energy markets. According to a Bloomberg report, European gas prices surged more than 50% following the shutdown…
Maersk, the container shipping giant, said on Sunday that it was suspending sailings through the narrow Strait of Hormuz in the Gulf, next to Iran, citing “safety” reasons amid the US-Iran standoff. The announcement came after Iran’s Revolutionary Guards declared the strait closed, and maritime agencies reported attacks on vessels in the area, news agency…
Heightened geopolitical tensions rattled investors across the Gulf on Sunday, sending most stocks lower and forcing Boursa Kuwait to suspend trading until further notice, reuters reported. In a rare move, the exchange said it was halting all trading activities due to the “exceptional circumstances” the country is facing. The strong market reaction followed coordinated US…
