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The Latest Breaking News from West Asia

MEA flags growing threat to shipping as MT Jalveer crew evacuation begins

India's External Affairs Ministry voiced worry over ongoing shipping attacks in West Asia. The crew of the vessel MT Jalveer, near Oman, is being evacuated. This follows a recent incident where three Indian nationals died. India has protested the attacks and called for peace and diplomacy in the region. The…

The Economic Times

India's economic growth rate to weaken at 6.6% in FY27 on slower investments, consumption: BMI

India's economic growth is expected to moderate to 6.6 percent in the current fiscal year. This slowdown follows a robust 7.7 percent growth in the previous year. Weaker investments and consumption are key factors. Trade disruptions from the West Asia crisis also pose challenges. The Reserve Bank of India's growth…

The Economic Times

Missile barrage across Gulf puts region on edge; hopes of an Iran-US deal fade as both sides trade fire: 10 things to know

Tensions surge as the US and Iran exchange fresh military strikes. Iran targeted US bases in Bahrain, Kuwait, and Jordan. The US responded with strikes inside Iran. Regional nations condemned Iran's actions. Fears of a wider war across West Asia intensify. The Strait of Hormuz remains a flashpoint. Diplomatic efforts…

The Times of India

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'Netanyahu has gotten things wrong': JD Vance admits differences with Israel amid Iran war

Amid the rapidly evolving situation in West Asia, US vice president JD Vance has said that the United States and Israel are not always aligned, underscoring that Washington will prioritise its own interests when differences arise.

The Times of India

Gold prices dip Rs 1,600/10 gm, silver crashes Rs 5,000/kg after rising oil prices amid West Asia tensions. Time to sell?

Gold and silver prices opened lower on MCX Thursday. Fresh Middle East tensions and rising oil prices impacted sentiment. US attacks on Iran contributed to the decline. MCX silver futures for July 2026 delivery fell significantly. Gold futures for August 2026 delivery also slipped. Soaring inflation amid the West Asia…

The Economic Times

Kospi tanks 9% in just two sessions! What’s causing bloodbath in 2026’s top market?

South Korea’s KOSPI has plunged 9% in two sessions after a strong 2026 rally, as AI-driven semiconductor stocks face profit booking. Rising U.S. inflation, geopolitical tensions in West Asia and leveraged ETF volatility have intensified the sell-off, raising concerns that the AI-led rally may have outpaced fundamentals.

The Economic Times

Govt raises nearly Rs 20,000 crore through disinvestment, asset sales as West Asia conflict swells subsidy burden

The Centre has raised nearly Rs 20,000 crore through stake sales and asset monetisation in the first two months of this financial year. This comes as the government faces rising energy and fertiliser costs. Officials are working to boost non-tax revenues to meet spending pressures. The government has also provided…

The Economic Times

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FACT, Chambal Fertilisers shares up to 5% as government eyes doubling fertiliser subsidy allocation

Fertiliser stocks rallied after reports of a proposed doubling of subsidy allocation to Rs 1.71 lakh crore for FY27. Rising global prices and supply disruptions linked to West Asia tensions are driving concerns. FACT and Chambal Fertilisers gained up to 5%, while analysts track subsidy trends and import costs closely.

The Economic Times

Fertiliser Ministry seeks to double subsidy from Rs 1.71 lakh crore budgeted for FY27 as Iran war hits costs

With rising prices of imported soil nutrients stemming from ongoing conflicts in West Asia, the fertiliser ministry is pushing for a substantial hike in subsidy allocations for the current fiscal year. This move underscores the government's commitment to farmers, who rely heavily on state-supported urea and P&K fertilisers.

The Economic Times

Petrol, Diesel Price today: Check fuel rates in Delhi, Mumbai, Lucknow, Bhubaneswar and other cities

Today Petrol, Diesel Price June 9: Fuel prices in India remain at their highest since May 2022, with petrol and diesel seeing cumulative hikes of around ₹7.5-₹8 per litre due to the West Asia conflict impacting global crude oil prices. Despite recent minor fluctuations, oil marketing companies continue to face…

The Economic Times

India's EV penetration crosses 11% for first time as auto retail sales hit record in May

India's auto sales reached a record in May, growing 9.55 percent. Electric vehicle penetration surpassed 11 percent for the first time. Dealers reported more inquiries for fuel-efficient and green vehicles following fuel price hikes. Passenger vehicles and two-wheelers saw their best-ever May sales. The outlook for June remains cautiously optimistic,…

The Economic Times

100 days of Iran war, Rs 4,50,000 crore wiped out: Is your stock portfolio safe from missiles?

Indian equities have lost Rs 4.5 lakh crore in 100 days as the Iran-led West Asia conflict and a global AI trade unwind trigger sharp FII outflows. Banking, oil and IT stocks led declines, while pharma outperformed. Analysts warn of earnings downgrades, though valuations are turning attractive in select segments.

The Economic Times

Avoid broad market bets now; focus on these 3 sectors instead: Shibani Sircar Kurian

Indian stock markets face ongoing volatility from West Asian geopolitical events. Despite this, earnings prospects remain strong. Investors should focus on specific companies with solid growth drivers. Kotak AMC favors large and mid-cap stocks. Banking, healthcare, and industrials are seen as key growth sectors for FY27. IT sector faces challenges,…

The Economic Times

Packaging firms remain upbeat on FY27 growth despite raw material volatility amid West Asia crisis

Despite these disruptions, companies like EPL Ltd, Uflex, and TCPL Packaging remain optimistic about FY27 growth, driven by strong domestic consumption, capacity expansions, and product mix improvements.

The Economic Times

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Newslaundry

The farm failures keeping India hooked on imported oil

India meets only 44 percent of its domestic demand for edible oil and spends more than $20 billion a year on imports, a bill that is bound to increase with the war in West Asia disrupting global supply chains and India’s foreign currency reserves under strain.

The Economic Times

Gold price today: Gold rate crash to continue in June? All you need to know

Gold rate will remain sensitive to developments in West Asia, according to bullion exparts.

The Economic Times

FIIs, weak global cues among 5 factors that could keep D-St under pressure this week

Indian stock markets may remain under pressure this week amid persistent FII selling, weak global cues, rising geopolitical tensions in West Asia and elevated crude oil prices. While RBI’s policy measures and steps to attract foreign capital could support sentiment, investors will closely track monsoon progress, inflation concerns, global market…

The Economic Times

US forces shoot down two Iranian attack drones in Strait of Hormuz amid fresh escalation

United States forces have intercepted and destroyed two Iranian drones. These drones posed a threat to commercial shipping in the Strait of Hormuz. This action marks a fresh escalation of hostilities in West Asia. The incident follows Iran's earlier missile and drone attacks on the strategic waterway and its Gulf…

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MyLifeXP

What PM Modi Discussed Behind Closed Doors Will Surprise You

While many economies are struggling with slowing growth, rising geopolitical tensions, and uncertain markets, India continues to stand out. Prime Minister Narendra Modi's recent meeting with the Economic Advisory Council wasn't just another policy discussion it was a deep dive into how India can maintain its growth momentum even as…

The Economic Times

Pak Interior Minister to undertake third visit to Tehran in weeks amid US-Iran tensions

Pakistan's Interior Minister Mohsin Naqvi is heading to Tehran. This marks his third visit to push for peace between the US and Iran. Tensions have been high in West Asia. Pakistan is leading diplomatic efforts to bring the two nations to the negotiating table. Discussions have been ongoing to maintain…

The Economic Times

Rising fuel prices to strain household budgets as West Asia crisis pushes crude above USD 100: Chief Economist Manoranjan Sharma

Fuel prices are climbing globally, impacting Indian households. The West Asia conflict is driving up crude oil costs, making higher fuel prices unavoidable. India, reliant on oil imports through the Strait of Hormuz, faces significant challenges. While the government aims to protect consumers, global energy shocks present limitations.

The Economic Times

More economic safeguards on the cards as West Asia conflict persists: Report

India is preparing new measures to protect its economy from the West Asia conflict. The government will introduce these steps gradually as needed. The focus is on ensuring supply of goods and raw materials. Stability in the rupee and foreign exchange is also a priority. This calibrated approach aims to…

The Economic Times

RBI MPC: India's Goldilocks moment dims, but the lights are not out

India's economic "Goldilocks moment" is shifting as the RBI raises its inflation forecast and lowers growth projections due to external shocks like the West Asia conflict and elevated oil prices. Despite these headwinds, the central bank believes strong domestic fundamentals, including resilient consumption and investment, will help cushion the blow.

The Economic Times

RBI MPC June meet 2026: What's cheaper and what's costlier

The Reserve Bank of India has maintained the repo rate at 5.25%. This decision comes as policymakers assess the effects of higher energy prices and supply chain issues. The ongoing West Asia conflict is a key factor. Home loans and business borrowing costs are expected to remain stable. Savers will…

The Economic Times

Indian companies willing to deepen presence in Venezuela, says Minister Hardeep Singh Puri

India is looking to deepen its energy partnership with Venezuela, with Indian companies expressing readiness to expand their presence. This move is part of India's strategy to diversify energy sources amid disruptions to global oil supplies caused by the West Asia conflict. Venezuela's vast oil reserves make it a key…

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