New Delhi, May 2 (IANS) Gold prices dipped 0.81 per cent during the week as negotiations between the United States and Iran stalled, denting hopes for near‑term interest‑rate cuts. On Friday, MCX gold June futures gained 0.01 per cent while MCX silver May futures inched up 0.49 per cent. Currently, gold futures stand at Rs 1,51,363, while silver futures stand at Rs 2,47,500 per kg.The price of 10 grams of 24-carat gold was at Rs 1,50,263 on Thursday, down from Rs 1,51,495 seen on Monday mark…
Latest US-Iran Conflict News & Updates
New Delhi, April 29 (IANS) The Strait of Hormuz crisis triggered by the recent US-Iran conflict is not just a regional flashpoint but a defining test for international maritime law — one that could shape how nations behave in other strategic choke points during times of crisis, a report said on Wednesday. According to a report in ‘Politeia Research Foundation’ (PRF), at current situation in Hormuz highlights a growing tension between the United Nations Convention on the Law of the Sea (UNCLOS)…
New Delhi, April 27 (IANS) Analysts at Goldman Sachs have raised their forecast for Brent crude — the international oil benchmark — to $90 per barrel for the fourth quarter, while US West Texas Intermediate (WTI) crude pegged at $83 per barrel, as the prolonged closure of the Strait of Hormuz continues to tighten global supply, according to multiple reports.The brokerage said the disruption has triggered ‘extreme’ inventory drawdowns, with an estimated 14.5 million barrels per day of crude pro…
New Delhi, April 27 (IANS) The Centre is considering a Rs 5,000 crore credit support scheme for the aviation sector as part of a broader relief package aimed at cushioning industries impacted by ongoing geopolitical tensions, according to a report.NDTV Profit reported that the proposed scheme is likely to be rolled out under the Emergency Credit Line Guarantee Scheme (ECLGS) framework, with the government working on an expanded package of around Rs 2.5 lakh crore to support multiple affected sec…
New Delhi, April 26 (IANS) Pakistan is grappling with deepening economic stress as the fallout from the ongoing tensions linked to the US-Iran conflict continues to disrupt global energy supplies, pushing fuel prices higher and straining the country’s already fragile economy, a report has said.While diplomatic efforts are underway, with Islamabad actively engaging to de-escalate the situation, there is still no final resolution in sight, as per The News International report.The continued uncer…
Islamabad, April 21 (IANS) Pakistan is trying to reshape its international image by benefiting from its perceived mediating role in US-Iran conflict. However, the reality is that Pakistan continues to operate as a breeding ground and safe haven for terrorist organisations, a report has stated. Last year’s April 22 heinous terror attack in Pahalgam cannot be seen as an isolated incident but showcases a clear manifestation of a systematic and enduring machinery of violence. The Resistance Front (T…
Mumbai, April 20 (IANS) Indian equity markets ended Tuesday’s session on a flat note, with benchmark indices giving up most of their intra-day gains amid rising geopolitical concerns in West Asia that dampened investor sentiment.The Nifty closed marginally higher by 11.30 points, or 0.05 per cent, at 24,364.85, while the Sensex inched up 27 points, or 0.03 per cent, to settle at 78,520.30.Commenting on Nifty technical outlook, experts said that going forward, the 24,400–24,500 zone remains a…
New Delhi, April 19 (IANS) “By relying on Pakistan to mediate the most acute national security concerns, US President Donald Trump essentially does the equivalent of hiring a child molester to teach in a kindergarten,” Michael Rubin, a senior fellow at the American Enterprise Institute, wrote in The Sunday Guardian about Islamabad’s mediation in the West Asia conflict.In a post on social media platform X on April 9, Pakistan’s Defence Minister Khawaja Muhammad Asif had described Israel as “evil”…
New Delhi, April 18 (IANS) The US-Iran conflict has disrupted supplies of life-saving medicines and infant milk formula in Pakistan, exposing gaps in the country’s healthcare preparedness and policy framework, a report has said.According to a report published in Pakistan Observer, the supply shock has led to shortages and rising prices, causing distress among patients, particularly those dependent on critical drugs and imported nutritional products.Mohammad Atif Hanif Baloch, President of the …
Seoul, April 15 (IANS) Seoul shares soared more than 2 per cent on Wednesday to close above 6,000 points for the first time after the outbreak of the US-Iran conflict in late February. The Korean won rose against the US dollar.The benchmark Korea Composite Stock Price Index (KOSPI) rose 123.64 points, or 2.07 percent, to close at 6,091.39, after hitting an intraday high of 6,183.21, reports Yonhao news agency.Trading volume was heavy at 915.03 billion shares worth 31.37 trillion won (US$21.3 bil…