Iran's supreme leader Ayatollah Ali Khamenei has firmly rejected US President Donald Trump's call for an "unconditional surrender," warning of dire consequences if the United States intervenes militarily in Israel's escalating war with Iran.
Any further escalation in the Middle-East crisis or a sharp rise crude prices could pose a serious risk to earnings, especially for Indian Oil Marketing Companies (OMCs) and gas companies.
Amid the ongoing Middle East crisis, the United States launched precision strikes on underground weapons storage facilities in Houthi-controlled areas of Yemen.
A day after some Western countries called on Iran to stand down its ongoing threats of a military attack against Israel and hinted at serious consequences should such an attack take place, Iran has hit back stating that "no practical and effective measures" have been taken by the Western cou
In April 2024, Brent Crude Oil prices hovered around USD 89.4 per barrel, experiencing a slight ease due to concerns over global demand and a stronger dollar index.
Foreign portfolio investors (FPIs) have turned net sellers in Indian stocks lately, after the ongoing geopolitical crisis in the Middle East, which has likely pushed investors to take money off their portfolios.
Even as international gold prices fell relatively on Monday with relative ease in geopolitical tensions in the Middle East, the prices of the safe haven yellow metal are seen rallying towards USD 2,500 in case of further escalation in the war situation.
Foreign portfolio investors (FPIs) have turned net sellers in Indian stocks lately, as the ongoing geopolitical crisis in the Middle East likely pushed investors to take money off their portfolios.
"We have asked for strict observance of international humanitarian law, de-escalation of the situation, and also condemned the civilian casualties," said Foreign Secretary Vinay Mohan Kwatra while addressing a briefing following the 2+2 Ministerial meeting.