Tag: Iran War
Gold shipments stranded in Dubai as Iran war grounds flights| Business News
The mass cancellation of flights to and from bullion hub Dubai has left traders unable to move their metal, highlighting the potential bottlenecks to physical…
Iran war disrupts global ocean freight and air cargo supply chains beyond oil
NEW YORK: The Iran war has effectively halted oil tanker movement in the key Strait of Hormuz. But it’s also disrupting the wider global supply…
RBI said to intervene as rupee slips past 92 per dollar amid escalating Iran war| Business News
The Reserve Bank of India has intervened in the forex market after Rupee slipped part the 92/Dollar mark for the first on Wednesday. The Reserve…
S&P 500 sinks 2%, US bond yields surge as Iran war shows no signs of abating| Business News
US stocks fell and bonds deepened losses as the Iran war showed no signs of de-escalation, heightening fears of a lengthy disruption to energy markets…
Iraq halves output at Rumaila, world’s second largest oilfield, due to Hormuz blockade| Business News
Iraq has more than halved production at the world’s second largest oilfield in Rumaila after the Islamic Revolutionary Guard Corps declared the Strait of Hormuz…
$20,000 drones take on $4 million patriots| Business News
Just three days into the conflict, the Iran war has become attritional. Waves of drone attacks by the Islamic Republic are putting pressure on the…
Crude shock for India as New Delhi emerges most vulnerable to Iran war| Business News
The Iran war has exposed a structural weakness in India’s economic engine—a precarious lack of oil buffers. As Israeli and US strikes on Iran effectively…
View: For India, much more at stake than just oil this time
Past conflicts in the Middle East typically hit India at the gas station. This time, the risks transcend oil, threatening everything from smartphone exports to…
LNG prices surge by 50% in Europe after Qatar shuts world’s largest gas plant| Business News
LNG prices in Europe surged more than 50% after Qatar shut down production at the world’s largest export facility after it was targeted in an…
Saudi Aramco’s Ras Tanura refinery shut down after drone strike| Business News
Saudi Aramco has shut down its Ras Tanura refinery as a precautionary measure after it was hit by a drone, Reuters reported on Monday, adding…