Global crude oil prices declined nearly 2 per cent on Friday as hopes of easing West Asia tensions and a temporary ceasefire between Israel and Lebanon dampened supply concerns, even as markets remained cautious amid ongoing geopolitical uncertainty.
Benchmark indices Sensex and Nifty tumbled in early trade on Thursday after a strong rally in the previous session as fresh tensions in West Asia triggered concerns over a possible ceasefire breach, dampening investor sentiment across global markets.
Benchmark indices BSE Sensex and NSE Nifty fell sharply in early trade as rising crude oil prices and West Asia tensions hurt sentiment. Heavy FII outflows added pressure, while select IT and financial stocks limited broader market losses
Two Indian LPG tankers carrying about a day’s supply of cooking gas have crossed the Strait of Hormuz amid tensions. Their arrival is expected to ease shortages as India continues to secure fuel supplies despite global disruptions
KT Rama Rao led BRS legislators in Hyderabad protesting LPG shortages, demanding clarity from Centre and State. The party linked supply disruptions to West Asia tensions, citing hardships for households, vendors and small businesses amid rising prices
Gold and silver prices surged up to 3% on Friday in domestic and global markets, driven by easing West Asia tensions and safe-haven demand. Despite gains, analysts warn of weekly declines amid inflation concerns, strong dollar, and uncertain interest rate outlook
The Indian Navy has increased warship deployment near the Gulf of Oman and is escorting Indian-flagged vessels through the Strait of Hormuz amid rising tensions in West Asia, ensuring maritime security and safe passage of ships in sensitive routes
Prime Minister Narendra Modi discussed escalating West Asia tensions with Iranian President Masoud Pezeshkian, stressing safety of Indians and energy supplies. Opposition leaders reacted with mixed views, welcoming dialogue but questioning India’s foreign policy approach and regional developments
Prime Minister Narendra Modi spoke with Iranian President Masoud Pezeshkian to review the escalating West Asia situation, stressing the safety of Indian nationals and uninterrupted energy transit while urging dialogue, diplomacy and de-escalation to maintain regional stability
Escalating tensions in West Asia have disrupted Kerala’s exports of fruits, vegetables and fish products, bringing shipments to a near halt. Exporters say losses are mounting as cargo routes remain affected during the crucial Ramzan export season
