Indian stock markets settled in the red on Thursday as escalating tensions in West Asia and again a sharp rise in crude oil prices weighed on investor sentiment.
Indian stock markets opened in the red on Thursday as escalating tensions in West Asia and again a sharp rise in crude oil prices weighed on investor sentiment.
Oman Foreign Minister Badr Albusaidi on Monday gave a call for the earliest return to diplomacy and ceasefire amid escalating tensions in West Asia and underlined that the economic damage and potential for humanitarian catastrophe are unsustainable.
Singapore's Prime Minister Lawrence Wong has held discussions with Gulf leaders regarding the escalating tensions in the Middle East, highlighting Singapore's concern over the evolving regional conflict and the safety of its citizens abroad.
The Congress MP emphasised that the escalating tensions in West Asia pose immediate challenges to India's energy supply chains, autonomy and citizen safety.
Travel service provider EaseMyTrip on Sunday announced the operation of charter flights from Qatar's Doha and Bahrain to Delhi and Mumbai to assist Indian travellers in returning home amid escalating tensions in West Asia.
The Indian workers, including traders, businessmen, contractors, and factory labourers, are looking at a downward trend amid the escalating tensions in West Asia as the mode of transportation of goods and payment has stopped, severly impact their livelihood.
Further, Khatibzadeh dismissed claims that Iran had shut down the strategically vital Strait of Hormuz, emphasising that Tehran continues to act as a stabilising force in the Gulf despite the escalating war with Israel and the United States. He stressed that Tehran remains a responsible pow
Escalating tensions in West Asia, particularly around Iran and the Strait of Hormuz, could pose near-term risks to global markets through higher energy prices, though India's underlying economic momentum remains relatively resilient, according to a report by Jefferies.
Escalating tensions due to the West-Asia conflict involving Iran have heightened risks to global energy supply chains, particularly around the strategic Strait of Hormuz, raising concerns for major Asian importers, including India, according to a report by Goldman Sachs.
The government of Madhya Pradesh on Wednesday issued a notice stating that a 24*7 control room has been established at Madhya Pradesh Bhawan, New Delhi in view of the escalating tensions in the West Asia.
This move comes amid escalating tensions in West Asia and after its energy infrastructure was targeted, including the Strait of Hormuz, a critical oil shipping route, which is currently under threat.