New Delhi, June 3 (IANS) The Central government on Wednesday firmly rejected claims that the Reserve Bank of India (RBI) had sold a significant portion of its gold reserves to safeguard foreign currency assets amid tensions in West Asia, describing the assertion as “fake” and unsupported by official data. The clarification came in response to an analysis by Bloomberg Economics, which suggested that the RBI may have offloaded gold worth approximately $12 billion during a period of heightened geop…
Latest Iran-US conflict News & Updates
Dubai/New Delhi, May 9 (IANS) An Indian seafarer lost his life while four others sustained burn injuries after a wooden dhow carrying 18 Indian crew members capsized near the Strait of Hormuz following a fire onboard, official sources confirmed on Saturday. The incident took place on Friday in the strategically sensitive Strait of Hormuz region, where tensions linked to the ongoing Iran-US conflict continue to escalate, and reports of drone activity in the area have heightened security concerns….
Islamabad, May 1 (IANS) Amid blockade of the Strait of Hormuz due to the Iran-US conflict, the Pakistan government has raised the price of high-speed diesel (HSD) by Pakistani Rupees (PKR) 19.39 per litre and the price of petrol by PKR 6.51 per litre for one week, local media reported on Friday. As per the notification issued by the Pakistan’s Petroleum Division on Thursday, price of HSD has been increased from PKR 380.19 to PKR 399.58 while petrol will be sold at 399.86 per litre compared to th…
Washington, April 15 (IANS) In the wake of the Iran-US war, rising crude oil prices and broader commodity pressures could complicate India’s inflation outlook and raise production costs across sectors, Chief Economic Advisor V. Anantha Nageswaran warned on Wednesday. Speaking at the US-India Economic Forum 2026, Nageswaran said the impact of global conflict extends beyond crude prices to a wider set of critical inputs. “It is not purely about the price of oil… it is about the commoditie…
Washington, March 4 (IANS) The United States on Wednesday brushed aside calls from China and Russia for an end to hostilities in the ongoing war with Iran, saying the conflict is focused solely on Tehran’s nuclear ambitions and military capabilities. Speaking at a Pentagon press briefing, Secretary of War Pete Hegseth said the United States is not engaging with Beijing or Moscow on the issue and that they are not central to the current conflict.“I don’t have a message for them, and t…