Benchmark Sensex tumbled 1,236 points or 1.5 per cent while Nifty closed near 25,450 on Thursday following an across-the-board sell-off amid escalating geopolitical tensions between the US and Iran.
Israel has for more than two decades and several US presidencies worked to draw the United States into a full-scale war with Iran. Having finally achieved that, the last thing it wants is Trump declaring victory and going home, as he is prone to do. Ali Larijani was the figure most capable of handing Trump a negotiated exit with something to show for it. Without Larijani, the road to an exit gets considerably narrower. Prem Panicker continues his must read daily blog on the Gulf War.
'We are profoundly energy-dependent on the Gulf. That dependency must now be redirected towards the United States, because we require American permission to procure oil.' 'We additionally require Iranian permission to acquire oil from that source. So India now has to seek two separate permissions merely to secure its energy supply.' 'Should we be compelled to source from America, or from Venezuela -- which is, in effect, American-controlled supply -- that will inevitably carry a price premium, an elevated shipping cost, and a considerably extended delivery timeline, given the distances involved.'
The US has granted India permission to buy Russian oil already in transit to ease global supply pressures amidst the West Asia conflict. This decision comes after India agreed to halt sanctioned Russian oil purchases and substitute them with US oil.
Amid escalating tensions, Iranian Deputy Foreign Minister Saeed Khatibzadeh declares Iran's unwavering commitment to a 'heroic nationalist defence' against perceived American and Israeli aggression, vowing to resist what he calls an 'invasion' to the very end.
The Israel-Iran conflict has entered a 'decisive phase' after the United States bombed three major Iranian nuclear sites Sunday morning, feel strategic affairs experts with some of them arguing it was Washington, DC's 'responsibility' to not get involved in the military standoff.
When everyone has footage and no one can verify it, the loudest voice wins, notes Prem Panicker who begins a daily blog on the War in the Middle East.
Israel and the United States had a plan. Iran punched back. And now the Gulf is reeling, the world is beginning to feel the pain and, as on date, no one in Washington or Tel Aviv appears willing to admit that the punch has landed, notes Prem Panicker, continuing his must-read blog on the war in the Middle East.
With the Iran war escalating sharply and crisis deepening in the global energy market, India on Monday unveiled a coordinated plan to support exporters and shippers caught in the fallout.
The threat of wars hovers over the negotiations in Oman, but the good part is that Trump called the talks to be 'very good' and Iran's President Masoud Pezeshkian responded that they 'constitute a step forward', points out Ambassador M K Bhadrakumar.
The Natural History Museum, London, has officially unveiled the 24-image shortlist for the 2026 Nuveen People's Choice Award. This prestigious contest, a key part of the Wildlife Photographer of the Year competition and supported by lead sponsor Nuveen, invites the public to decide which image will be crowned the winner.
China has imposed sanctions on 20 US defence firms in response to the Trump administration's approval of a record USD 11.1 billion arms sales package to Taiwan.
Russian Foreign Minister Sergei Lavrov stated that Russia does not intend to attack Europe, but any attack on Russia would face a devastating response. He also accused the EU's 'war party' of hindering Ukraine peace efforts and pledged support for China on Taiwan.
Singapore police clarify that musician Zubeen Garg died after swimming off Singapore Island, not scuba diving. An autopsy report has been shared with the Indian High Commission, and foul play has been ruled out.
Ukraine claimed responsibility after explosions hit the vessels on Friday and Saturday.
China has commissioned its third aircraft carrier, the Fujian, featuring advanced electromagnetic catapults, amidst rising tensions and military modernization efforts.
If they act now, they can reshape the strategic map of Asia without firing a shot. If they wait, the next opportunity will come only after a serious Taiwan Strait incident -- by which time the price will be far higher, and the room for boldness far smaller -- the opportunity may well be lost by then. The question is no longer whether this can or should be done, points out Varun Arya.
United States President Donald Trump said that China 'knows the consequences' if it attacks Taiwan, asserting that Chinese President Xi Jinping understands the situation 'very well'.
'Look after your own mother before looking after your neighbour's mother.' 'I don't believe in starving my own mother and feeding sweets to the neighbours.'
India's brittle energy security is inextricably linked to two opposing paradigms - fossil fuels, and the transition to green energy. The first powers the present; the second paves the way for Viksit Bharat in 2047.
The Iran-Israel conflict has further increased global economic uncertainties, impacting world trade, including India's exports, as it is expected to drive up both air and sea freight rates, exporters say. They said that India's exports to Europe and counters like Russia may get impacted due to this war.
Singapore's long-ruling People's Action Party (PAP), led by Prime Minister Lawrence Wong, has secured a landslide victory in the country's general election. The PAP won 87 of 97 seats, with voters endorsing the party's focus on stability and economic security amidst global uncertainties. Wong expressed gratitude for the strong mandate and vowed to tackle concerns about the cost of living and housing. The results mark a significant win for the PAP, which has been in power since Singapore's independence in 1965.
Indian refiners are likely to import 2-2.2 million barrels per day of Russian crude oil in June - the highest in the last two years and more than the total volumes bought from Iraq, Saudi Arabia, the UAE and Kuwait, preliminary data by global trade analytics firm Kpler showed.
'We had very narrow negotiations that were quite useful.'
The MSC Aries was last seen on Friday, sailing towards the Strait of Hormuz off the coast of Dubai, according to The Times of Israel.
The government has no say in where the country's refiners source oil from because these are commercial transactions.
'With the US having entered the war, raising the risks of a wider conflict, those impacts could be even more damaging.'
The Chinese military on Thursday said it has conducted precision strikes over the Taiwan Strait and 'expected results' were achieved, in apparent retaliation to the United States House Speaker Nancy Pelosi's visit to Taipei disregarding Beijing's vociferous warnings.
Trump couldn't care less anymore about the Israeli demand for Iran's 'de-nuclearisation' and 'de-militarisation.' Trump pins hopes on a grand bargain with Iran as a partner in America First, argues Ambassador M K Bhadrakumar.
China and the US flexed their naval might by deploying aircraft carriers in a rare showdown in the Taiwan Strait, the narrow channel that separates the Chinese mainland from Taiwan, as Beijing fumed over US House Speaker's meeting with Taiwanese President Tsai Ing-wen in Washington.
Sri Lanka has released 14 Indian fishermen as a special gesture, a day after Prime Minister Narendra Modi called for resolving the issue with a "humane approach." The fishermen issue figured prominently during talks between Prime Minister Modi and Sri Lankan President Anura Kumara Dissanayake on Saturday. The fishermen issue is a contentious matter in India-Sri Lanka ties, with several alleged incidents of Sri Lankan Navy personnel using force against Indian fishermen in the Palk Strait. Modi stressed the need for a humane approach and the immediate release of the fishermen and their boats.
'Will this near-war, India's strongest military response so far, buy India another seven years of deterrence?' asks Shekhar Gupta.
It said that the transit was "ongoing" and that there had been "no interference from foreign military forces so far."
'Pakistan cannot sustain a war with India for more than four days. They are in such dire straits. At best they can sustain war for one week.'
Although Kohli and Krunal made the chase look simple, it was anything but, especially on a pitch that offered some help for the bowlers.
'Alaya has kept her career disconnected from me in every way.' 'She wanted to achieve success by herself without any help or interference.'
'This strike has certainly enhanced your image.' 'Otherwise, people would have called you a damp squib, capable of doing nothing except talking big.'
The oldest patient at the hospital is 83, while the youngest is a two-year-old child who suffered a concussion.
The Sri Lankan Navy has arrested 32 Indian fishermen and seized five fishing boats for allegedly venturing into the island nation's territorial waters. This incident is the latest in a series of arrests of Indian fishermen by the Sri Lankan Navy for alleged illegal fishing activities. The issue of fishermen is a contentious one in the relationship between India and Sri Lanka, with past incidents involving firing at fishermen and seizures of boats. This latest incident follows an earlier arrest of 10 Indian fishermen earlier this month and an incident in January where five Indian fishermen were injured after the Sri Lankan Navy fired on them. India has expressed its displeasure regarding the use of force by Sri Lanka.
After the 1962 War with China, there was a demand to forge greater defence cooperation between India and the West. One such voice was that of Sudhir Ghosh, a distinguished MP, to tie up strategic cooperation with the USA immediately after the Chinese attack on India, recalls Rup Narayan Das.
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