A senior figure within Iran’s Islamic Revolutionary Guard Corps has declared the Strait of Hormuz closed and threatened to ignite any vessel attempting passage, dramatically escalating fears of a global energy shock amid intensifying hostilities in the Middle East. The warning, issued as oil and gas markets convulsed, signals Tehran’s willingness to weaponise one of…
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…
Prime Minister Narendra Modi chaired the meeting of the Cabinet Committee on Security (CCS) on Sunday (1 March 2026) night. It is believed that the current situation in West Asia was discussed in it. This meeting was called to take stock of the current global situation after the attack on Iran by America and Israel…
Paint stocks, including Berger Paints, Asian Paints, and Kansai Nerolac, were trading with deep losses in Monday’s session, March 2, reflecting broader market weakness as tensions in the Middle East escalated following unprecedented joint US and Israeli strikes on Iran over the weekend, triggering a sharp jump in crude oil prices. Rising crude oil prices…
MUMBAI: The Indian rupee opened weaker and fell to a one-month low on Monday after a sharp escalation in the Iran-US conflict over the weekend pushed global crude oil prices higher and triggered a risk-off mood across emerging markets. The rupee opened 25 paise lower at 91.2462 per dollar and slipped to an intraday low…
US-Iran War: Silver prices moved sharply on Monday as geopolitical tensions escalated after the United States and Israel carried out extensive military strikes on Iran, reportedly killing Supreme Leader Ayatollah Ali Khamenei. The development triggered fresh uncertainty across global financial markets and drove volatility in commodities. The conflict intensified over the weekend after coordinated strikes…
Crude Oil Prices LIVE: Crude oil prices jumped over 7% to multi-months high levels on Monday as war in the Middle East escalated, following US and Israeli military strikes on Iran, with the vital Strait of Hormuz effectively shut, several tankers damaged and shipments disrupted from the key producing region. Brent crude futures prices surged…
Iran’s swift retaliation following joint United States and Israeli strikes that killed Supreme Leader Ayatollah Ali Khamenei has shifted global attention from the initial attack to a pressing strategic question: how far can Tehran project military power, and what tools does it possess to sustain confrontation against two technologically superior adversaries? As missiles and drones…
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…
OPEC agreed to resume oil production increases next month as a conflict sparked by US-Israeli strikes on Iran threatened to bolster a rally in crude prices. Key members led by Saudi Arabia and Russia — which had paused a series of hikes during the first quarter — will add 206,000 barrels a day, according to…
