"west-asia-conflict"

The RBI announced a record Rs 2.87 lakh crore dividend to the government for FY26, boosting finances amid the West Asia conflict. The Central Board also raised the Contingent Risk Buffer, as rising energy prices and rupee depreciation strain imports

The RBI Bulletin said India’s near-term economic outlook remains clouded by supply-side pressures and risks arising from the West Asia conflict. However, domestic demand, strong services exports and policy measures are expected to help the economy withstand global uncertainties and external challenges

The West Bengal health department warned hospitals about shortages of saline, paracetamol and other essential medical supplies due to the West Asia conflict disrupting global supply chains, freight movement and packaging material availability, prompting authorities to allow emergency procurement under the non-catalogue category

The Barakah incident may not have triggered a nuclear disaster, but it serves as a warning that the Gulf’s geopolitical rivalries are becoming more complex, more localised and potentially more unpredictable

Punjab Chief Minister Bhagwant Mann criticised the Centre over rising fuel prices, alleging that the Union government would blame the West Asia conflict for its failures. He also accused the Centre of pushing the country towards an undeclared lockdown and hiding economic realities

An LPG vessel carrying 20,000 metric tonnes reached Gujarat’s Kandla port after safely crossing the Strait of Hormuz amid West Asia tensions. India highlighted threats to shipping safety and urged protection of navigation routes as regional conflict disrupts global energy supply chains

External Affairs Minister S. Jaishankar met Iranian FM Seyed Abbas Araghchi in New Delhi during the BRICS 2026 summit. The leaders discussed the volatile West Asia situation, maritime security in the Strait of Hormuz, and bilateral cooperation amid surging global energy prices.

Andhra Pradesh Chief Minister N Chandrababu Naidu said the state government will soon announce precautionary measures to reduce the impact of the West Asia conflict. He also urged people to avoid unnecessary gold purchases and foreign travel and focus on economic self-reliance

Piyush Goyal urged Indian industry to treat global disruptions as a wake-up call for self-reliance, productivity and innovation. He emphasised reducing import dependence, accelerating EV adoption, leveraging AI, and boosting exports to strengthen India’s economy amid global uncertainty

The government ruled out fuel rationing despite global energy disruptions, assuring adequate crude and LPG stocks. Oil Secretary Neeraj Mittal said India has diversified imports, maintained strategic inventories and absorbed price shocks through fiscal measures while managing supply risks caused by the West Asia conflict

Defence Minister Rajnath Singh chaired a high-level meeting to review risks to energy supply chains amid the West Asia conflict. The government assured uninterrupted availability of petrol, diesel and LPG, while public sector oil companies continued inspections to curb hoarding and black marketing

Rahul Gandhi criticized PM Modi’s appeal for citizens to reduce fuel use and postpone travel amid the global energy crisis, calling it “evidence of failure.” The remarks came after Narendra Modi urged austerity measures to conserve foreign exchange

The Indian National Congress attacked Narendra Modi over his appeal for austerity measures amid the West Asia conflict, calling it proof of economic failure. Rahul Gandhi and Mallikarjun Kharge accused the government of shifting responsibility onto citizens after years of mismanagement

Congress leader Rahul Gandhi criticized Prime Minister Narendra Modi’s appeal asking citizens to reduce gold purchases, fuel use and foreign travel amid the global energy crisis. He called it a sign of “policy failure,” while the government defended it as economic prudence during West Asia tensions

Indian equity markets fell sharply, with Sensex and Nifty dropping over 1% amid global uncertainty after failed US–Iran peace talks. Rising crude oil prices above $105 and West Asia tensions dragged sectors like auto, banking and energy, while volatility increased

Air India CEO Campbell Wilson urged employees to cut discretionary spending and defer non-critical costs amid financial pressures from global conflicts and rising fuel prices. The airline ruled out layoffs while adjusting pay timelines under its ongoing transformation plan

OPEC+ agreed to raise June output by 188,000 barrels daily amid West Asia tensions and Strait of Hormuz blockade. United Arab Emirates exit weakens the group, while disrupted exports and diplomacy moves caused volatile global oil prices

India remains relatively insulated from the West Asia conflict due to strong domestic demand, policy buffers, and public investment, the Finance Ministry said, while warning of inflation, fiscal pressures, and wider trade deficits, with risks hinging on energy supply disruptions and global uncertainties

Gold and silver prices rose on Thursday amid rising crude oil prices and growing tensions in West Asia. Gold crossed Rs 1.50 lakh on MCX during intra-day trade, while silver also gained strongly as investors reacted to global uncertainty and geopolitical developments

First LNG shipment since the West Asia conflict appears to have crossed the Strait of Hormuz, signalling easing tensions. The tanker Mubaraz heads toward China, raising cautious optimism for global energy flows despite ongoing US-Iran geopolitical uncertainty