Tokyo, March 26 (IANS) Japan began releasing 30 days’ worth of oil from state reserves on Thursday to cushion the impact of the West Asia conflict on its economy, as concerns over supply mount and oil prices soar, local media reported.The move came after the country started drawing down 15 days’ worth of oil from private-sector stockpiles last Monday, reports Xinhua news agencyThe government plans to sell a total of about 8.5 million kiloliters of oil from 11 storage bases across the country, ac…
Latest West Asia conflict News & Updates
Mumbai, March 25 (IANS) Dalal Street opened on a bullish note for the second consecutive session on Wednesday, supported by easing geopolitical concerns amid hopes of de-escalation in the West Asia conflict. Additionally, reports suggesting that Donald Trump had proposed a 15-point plan to Iran via Pakistan further enhanced investor confidence.Sensex opened around 600 points or 0.80 per cent higher at 74,652, while Nifty began trading at 23,064, up 150 points or 0.66 per cent.In early trade, the…
New Delhi, March 24 (IANS) External Affairs Minister (EAM) S Jaishankar met the Iranian Ambassador in New Delhi on Tuesday with discussions focused on the ongoing conflict in West Asia. “Met with Iran’s Ambassador in India, Dr. Mohammad Fathali this afternoon. Discussed the conflict in West Asia. Appreciate the support provided to Indians in Iran in these challenging times,” EAM Jaishankar wrote on X after the meeting.Last week, Prime Minister Narendra Modi spoke with Iranian President Masoud Pe…
New Delhi, March 24 (IANS) The Centre has constituted seven empowered groups of officials and experts to handle the fallout of the Iran war on specific sectors of the Indian economy, including oil, gas, fertilisers, supply chains, and inflation. The empowered groups, comprising senior officials from the Prime Minister’s Office and the Cabinet Secretariat, were based on directions from Prime Minister Narendra Modi after the meeting of the Cabinet Committee on Security (CCS) to review the evolvi…
New Delhi, March 24 (IANS) Prime Minister Narendra Modi spoke to US President Donald Trump on Tuesday, reiterating India’s support for immediate de-escalation and restoration of peace amid the ongoing West Asia conflict. During the call, PM Modi emphasised that keeping the strategic Strait of Hormuz open, secure and accessible is essential for the whole world. Both leaders also agreed to stay in touch regarding efforts towards peace and stability.”Received a call from President Trump and had a u…
New Delhi, March 24 (IANS) The government is planning to seek a break in the ongoing Parliament session this week following requests from members, including many from the Opposition, who wish to focus on the Assembly elections in 5 States and Union Territories next month, said an official source on Tuesday. The session, the 7th of the 18th Lok Sabha, began its second leg on March 9 and, as per the original plan, was scheduled to conclude on April 2, focusing on detailed financial business and…
New Delhi, March 24 (IANS) Prime Minister Narendra Modi on Tuesday said that as the West Asia conflict continues to escalate, it is essential that a “united voice of peace and dialogue” emanates from the Indian Parliament to the entire world. He said that India’s aim is to restore peace in the region through dialogue and diplomacy.Speaking in the Rajya Sabha on the ongoing West Asia conflict, PM Modi said, “We all are aware of the West Asia conflict… This conflict has been ongoing for over thr…
Chennai, March 24 (IANS) Tamil Nadu Chief Minister M.K. Stalin on Tuesday intensified his attack on the Centre, questioning its preparedness to handle the fallout of the escalating West Asia conflict, particularly with regard to fuel security and the safety of Indian citizens abroad. Taking strong exception to remarks attributed to Prime Minister Narendra Modi on public preparedness, CM Stalin said governance responsibilities cannot be shifted onto citizens during times of crisis. He asserted th…
Mumbai, March 24 (IANS) Gold and silver prices witnessed a sharp decline on Tuesday, even as hopes of de-escalation in the West Asia conflict weighed on safe-haven demand after the US President announced a temporary pause on potential strikes targeting Iran’s energy infrastructure.On the Multi Commodity Exchange (MCX), gold futures (April 2) fell as much as Rs 2,576 or around 2 per cent to hit an intra-day low of Rs 1,36,684 per 10 grams by 10:40 am. The yellow metal was last trading at Rs 1,3…
New Delhi, March 24 (IANS) Prime Minister Narendra Modi will speak in the Rajya Sabha on Tuesday about the various aspects of the ongoing West Asia conflict and India’s strategy.His address in the Rajya Sabha will come close to US President Donald Trump walking back on his threat to bomb Iran’s power infrastructure by Monday night, saying that Iran and the US were having “very good and productive” negotiations and extended the deadline by five days.Earlier on Monday, PM Mody spoke …