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Oil prices fell sharply below USD 100 while global markets rallied after the US and Iran agreed to a two-week ceasefire, reopening the Strait of Hormuz and easing tensions despite continued sporadic attacks across the region
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Flight operations from the Gulf to India are improving, with 90 special flights from the UAE expected. The government continues evacuation and support efforts for Indians across West Asia, ensuring safe travel amid ongoing regional disruptions
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U.S. President Donald Trump has warned Iran that “time is running out,” giving a 48-hour ultimatum before “all Hell will rain down on them.” His remarks, delivered via social media, have drawn sharp criticism from lawmakers in Congress, who accuse him of lacking clarity, escalating conflict without authorisation, and seeking excessive war funding.
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Iran rejected a US-proposed 48-hour ceasefire and escalated hostilities by continuing attacks, claiming to down American aircraft. The move follows intensified conflict after US-Israel strikes on Tehran, further deepening instability across the Middle East region.
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Russia has offered to increase crude oil and LNG supplies to India amid global energy disruptions caused by the West Asia crisis. Both countries also discussed expanding trade, investment and strategic cooperation during high-level meetings in New Delhi
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The conflict could test military limits and force countries like India to recalibrate their strategic choices
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A State Bank of India report urged the Reserve Bank of India to use forex reserves to stabilise the rupee amid West Asia tensions. It flagged volatility, suggested market interventions, and proposed measures to manage foreign exchange demand
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S Jaishankar met Anita Anand at the G7 Foreign Ministers' Meeting, discussing West Asia crisis, trade, and cooperation. Focus remained on keeping the Strait of Hormuz open for global shipping
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As oil routes tighten and LPG delays mount, the Iran conflict is turning distant geopolitics into an immediate threat to India’s household
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Over 40 energy assets in nine West Asian countries have been severely damaged due to the Iran war, disrupting oil and gas supplies. The IEA has warned of serious global economic consequences, with supply losses already exceeding previous major energy crises
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The Congress questioned Prime Minister Narendra Modi over not advancing the BRICS+ Summit for a diplomatic initiative on the West Asia crisis. It alleged reluctance to antagonise global leaders and criticised India’s response to the ongoing conflict
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The RBI bulletin said the West Asia conflict and fresh US trade investigations have increased volatility in global markets. It noted India’s economy remains resilient, with adequate forex reserves and improving economic activity despite rising inflation
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Prime Minister Narendra Modi will review petroleum, power and fertiliser sectors amid the West Asia crisis, focusing on supply stability. The government is monitoring global disruptions caused by conflict impacting energy flows through the Strait of Hormuz
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The Centre launched a Rs 497 crore RELIEF scheme to support exporters hit by West Asia conflict disruptions, offering logistical support, extended export obligations and financial relief to offset rising freight, insurance costs and operational uncertainties in key Gulf trade routes
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US strategy to involve Kurds in a ground offensive against Iran may set the entire West Asia on fire
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Prime Minister Narendra Modi held talks with leaders of France, Oman and Malaysia, emphasising de-escalation in West Asia, diplomatic resolution of the crisis, and ensuring safe navigation through the Strait of Hormuz amid rising regional tensions
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Air India will operate 36 extra international flights to Europe and North America amid rising travel demand due to West Asia tensions. IndiGo also adjusted operations, suspending some regional routes while increasing capacity on others
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Authorities across several states launched raids against LPG hoarding and black marketing amid concerns over supply disruptions linked to the West Asia crisis. The issue triggered a political clash in Parliament while panic buying and long queues were reported in some regions
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Central Board of Secondary Education cancelled Class 12 board exams for students in several West Asian countries due to the regional crisis. Exams scheduled between March 16 and April 10 across Gulf nations will not be held; alternative result declaration methods will be announced later
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A shortage of LPG supply in Sangareddy district has forced temples, hostels and hotels to use firewood for cooking. Officials also seized domestic LPG cylinders from hotels during raids as institutions struggled to obtain commercial gas cylinders