New Delhi, March 9 (IANS) External Affairs Minister (EAM) S. Jaishankar on Monday informed the Rajya Sabha that Prime Minister Narendra Modi is closely monitoring the evolving situation in West Asia, stressing that the conflict is of particular concern to India because of the large number of Indian citizens living and working in the Gulf region.At the beginning of the session, Leader of Opposition Mallikarjun Kharge attempted to raise the issue of the death of Indian nationals during the ongoing…
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New Delhi, March 9 (IANS) Petrol and diesel prices in India are unlikely to be raised immediately despite global crude oil crossing $110 a barrel amid the escalating Middle East tensions.Government currently expects state run oil marketing companies (OMCs) to absorb the impact for now and pump prices of fuels will remain the same. OMCs may have to accept lower profits amid the spike in international oil prices, according to sources.West Texas Intermediate rose 27 per cent to $116 per barrel, whi…
New Delhi, March 8 (IANS) Foreign portfolio investors withdrew Rs 21,831 crore from Indian equities over the last week from four trading sessions amid deteriorating global risk sentiment tied to the West Asia conflict, exchange data showed.The recent sell-off followed a strong February, when FPIs infused Rs 22,615 crore into Indian equities, posting the largest monthly inflow in 17 months.Foreign investors were net sellers for three straight months prior to February, pulling Rs 35,962 crore in J…
Mumbai, March 8 (IANS) The Indian stock markets’ sentiment will largely be shaped by persistent geopolitical tensions in the Middle East this week, and the bourses are expected to see volatile movements, analysts said on Sunday.Kuwait announced stopping oil production and refining output as tankers cannot transit the Persian Gulf due to threats from Iran. The Arab monarchy described the output reduction as a precautionary step, though it did not reveal the extent of the cut.Global investors are …
Kuala Lumpur, March 7 (IANS) Malaysia has recently held phone conversations with several Middle Eastern leaders, calling for peaceful approaches and restraint to ease rising tensions in the region. Malaysian Prime Minister Anwar Ibrahim said in several posts on social media on Saturday that Malaysia’s position was conveyed during separate phone conversations recently with Qatari Prime Minister and Foreign Minister Sheikh Mohammed bin Abdulrahman bin Jassim Al-Thani, United Arab Emirates’ Preside…
Canberra, March 7 (IANS) The ongoing conflict between Pakistan and Afghanistan marks a sharp deterioration in bilateral ties that have simmered since the Taliban reclaimed power in August 2021. Islamabad has previously carried out significant airstrikes targetting Tehreek-e-Taliban Pakistan (TTP) militants in Afghanistan, notably in December 2024, a report has highlighted. “On 26 February, Afghan troops launched major attacks on a dozen Pakistani border posts, which, according to the Afghan go…
Seoul, March 7 (IANS) A chartered plane to evacuate South Koreans from the United Arab Emirates (UAE) will take off this weekend amid escalating tensions in the Middle East, the foreign ministry said Saturday.The ministry said it is arranging a 290-seat Etihad Airways chartered flight, set to depart from Abu Dhabi at noon on Sunday (local time).Starting early Saturday, the South Korean Embassy in the UAE will receive applications from South Korean nationals wishing to board the plane, with prior…
Seoul, March 7 (IANS) South Korean nationals stranded across the Middle East in the wake of a regional crisis are continuing to evacuate to safer areas with assistance from local diplomatic missions, the foreign ministry said Saturday.According to the ministry, 65 South Koreans who had been staying in Qatar safely moved to neighboring Saudi Arabia from Tuesday to Friday.In Jordan, where commercial flights remain in operation, 41 South Korean short-term visitors departed the country from Thursday…
Washington, March 6 (IANS) Nearly 24,000 American citizens have safely returned to the United States from the Middle East since late February, the US State Department said on Friday, as Washington continues efforts to assist Americans seeking to leave the region amid heightened security concerns.Assistant Secretary Dylan Johnson said the number reflects only those who have already arrived in the United States and does not include Americans who have relocated to other countries or those still tra…
New Delhi, March 6 (IANS) Qatar’s Energy Minister Saad al-Kaabi has warned that war in the Middle East continuing for a “few days” could cause Gulf exporters declaring force majeure, halting deliveries, pushing oil to $150 a barrel and natural gas to $40 per MMBtu (Metric Million British Thermal Unit) within weeks.”Everybody that has not called for force majeure we expect will do so in the next few days if this continues. All exporters in the Gulf region will have to call force majeure,” the m…