"west-asia-conflict"

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 

With key disputes over sanctions, nuclear policy and regional control unresolved, the prospects for a lasting agreement remain fragile

Reserve Bank of India Governor Sanjay Malhotra warns West Asia conflict may entrench inflation via supply shocks, prompting a wait-and-watch stance on interest rates. He highlights trade exposure, forex resilience, rupee flexibility, and ongoing digital initiatives like UPI and Unified Lending Interface platform

An Indian tanker safely crossed the Strait of Hormuz, while two other vessels turned back after a firing incident. India raised concerns with Iran over maritime safety as disruptions continue amid tensions affecting global shipping routes

Oil firms led by Hindustan Petroleum Corporation Ltd assured no fuel shortage in Andhra Pradesh, maintaining three-day LPG and 15-day petrol-diesel stocks, as panic buying eases and supply normalises despite initial disruptions triggered by the West Asia conflict

The Ministry of External Affairs said India evacuated 2,361 citizens from Iran amid West Asia conflict, including students and fishermen, using routes via Armenia and Azerbaijan, while coordinating with embassies and international partners during ongoing regional tensions

The central bank's decision to maintain the status quo signals a careful balancing act between controlling inflation and supporting economic growth in an increasingly uncertain global environment