Saudi air defences intercepted 16 drones targeting the Shaybah oil field and missiles aimed at Prince Sultan Air Base. Amid rising regional tensions, the Kingdom and GCC condemned the "treacherous Iranian aggression," with Riyadh asserting its "full right" to take all necessary measures t
IndiGo, in a travel advisory, said that the airline will operate flights to five destinations in West Asia on Saturday amid the tense situation in the region.
UAE Ambassador Mansoor Abulhoul has urged the UK for increased support following "completely unjustified" Iranian attacks. With strikes hitting Dubai's airport and hotels, Abulhoul emphasised the nations' strong ties, stating the UAE is evaluating all options to protect its territory and end
Scott Bessent, the US Treasury Secretary, yet again said that the United States has given India the "permission" to accept Russian oil in the wake of the developing security situation in West Asia.
Russian President Vladimir Putin held a telephonic conversation with his Iranian counterpart, Masoud Pezeshkian on Friday and conveyed his condolences on the killing of Ayatollah Khamenei. He reaffirmed Russia's stance of immediate cessation of hostilities and said that he was in constant
US Energy Secretary Chris Wright on Friday said that Washington's decision on issuing a 30-day waiver to India to purchase certain Russian oil supplies is part of "short-term measures" aimed at keeping global oil prices under control amid supply pressures linked to tensions in the Middle
The report noted, "If the crisis persists, it could have material implications for the exchange rate and the current account deficit and could stoke inflationary pressures."
Exiled Iranian Crown Prince Reza Pahlavi on Friday strongly condemned Iranian projectile strikes on multiple Arab nations, calling them "unacceptable violations of sovereignty" and urging an end to Tehran's hostile actions in the region as the conflict in the region escalates.
"When the United States decides to allow India to purchase Russian oil for just 30 days, it raises a fundamental question. Why should India need another country's approval to secure its own energy needs?" Stalin questioned in a post on X.
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A 10 per cent increase in global oil prices is estimated to have a direct impact of approximately 0.7-1 per cent on India's Wholesale Price Index (WPI). According to a report by Bank of Baroda on the Middle East crisis, the overall effect could reach a 1 per cent increase in WPI inflation wh