Iran's absence from the global oil market is likely to be offset by an existing oversupply in global oil inventories, providing a buffer against potential supply disruptions, according to a report by CareEdge.
After a rebound the previous session, Indian stock indices traded again in the red on Friday, ending the week on a weak note amid tensions in West Asia.
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.
The Indian rupee recovered on Thursday after hitting an all-time low of 92.31 against USD, though currency experts believe the domestic currency is likely to remain under pressure due to ongoing geopolitical tensions and elevated crude oil prices.
After a continuous fall in the last three trading sessions, Indian share markets bounced back on Thursday from the oversold category and opened with gains, though volatility continues as overall investor sentiment remains weak due to geopolitical tensions in West Asia.
Speaking to ANI, Deka said that the tea is usually rerouted through Dubai, which also acts as an exporting centre in the Middle East. He further stated that the conflict had occured at a time when Assam's tea exports had gotten better, and if the current regime in Iran changed, the situat
Indian stock indices extended their bearish run, with benchmark Sensex opening over 2 per cent lower at the Wednesday morning bell, amidst escalating geopolitical tensions in West Asia that have weighed down financial markets worldwide. At the time of filing this report, Sensex was 2.1 per c
Amid escalating geopolitical tensions in the Middle East following military strikes involving the US, Israel, and Iran, thousands of citizens have found themselves caught in a massive aviation standstill. The situation remains fluid as major hubs like Hamad International (Doha) and Dubai Int
Tata Sons Chairman, Natarajan Chandrasekaran, said on Tuesday that the emerging geopolitical tensions in West Asia and the evolving situation in Iran and the broader Middle East could introduce a degree of instability, requiring corporations to remain vigilant and prepared for a range of pos
If the oil prices move higher it would be negative for Asian stocks, but if the ongoing conflict ends relatively quickly, any adverse impact on markets is likely to be short-lived, according to a report by Invesco.
IndiGo stated that the passengers will be communicated directly to the passengers through their contact details in case the flight operating over the Middle Eastern airspace is affected. It further asked the passengers to explore alternative options or claim a refund, in case of major inc