After a significant 9.9% depreciation in FY26, the Indian rupee has shown comparative stability in the first half of FY27, depreciating by only 1.1%, attributed to regulatory interventions and measures to attract foreign capital, despite ongoing global pressures from rising crude oil prices and foreign investor outflows.
Supreme Leader Mojtaba Khamenei has reshuffled Iran's political and national-security establishment, appointing former SNSC Secretary Mohammad Bagher Zolghadr as his political adviser and veteran IRGC commander Mohsen Rezaei as his representative on the Supreme National Security Council, consolidating power amid the West Asia crisis and Strait of Hormuz tensions.
A new report alleges Pakistan shielded Iranian military aircraft from potential US airstrikes, raising questions about its role as a neutral mediator in the ongoing US-Iran tensions.
Citing sources familiar with the matter, the report said Trump believes the conflict is in its final stages and has urged aides to adhere to the four-to-six-week timeline he has outlined publicly.
Indian benchmark indices, Sensex and Nifty, closed lower on Monday due to elevated crude oil prices, escalating US-Iran hostilities, and concerns over a potential US interest rate hike, impacting investor sentiment.
Indian benchmark indices Sensex and Nifty experienced significant declines in early trade, driven by soaring crude oil prices amidst escalating tensions in West Asia, coupled with weak global market trends and foreign fund outflows.
Indian benchmark stock indices, Sensex and Nifty, closed nearly 1 per cent lower following the collapse of US-Iran negotiations, which heightened concerns of a prolonged conflict in West Asia and drove crude oil prices sharply higher.
How US President Donald Trump employed a clandestine 'decoy' Air Force One operation to secretly depart Turkiye following a NATO Summit.
Outward remittances under the Reserve Bank of India's Liberalised Remittance Scheme (LRS) saw a 7.85 per cent year-on-year contraction in April 2026, primarily driven by reduced international travel spending due to global uncertainty stemming from the US-Iran conflict.
Iran's Islamic Revolutionary Guard Corps (IRGC) has claimed responsibility for missile and drone strikes on US military installations in Bahrain, describing the operations as the second phase of its retaliatory campaign. This announcement follows US Central Command (CENTCOM) confirming its own large-scale offensive targeting Iranian military infrastructure.
Gold and silver prices are expected to remain range-bound this week as investors await crucial US economic data, including the non-farm payrolls report, and further signals from the Federal Reserve regarding its interest rate policy.
Pakistan's Foreign Minister Ishaq Dar has been actively involved in mediating between Saudi Arabia and Iran following the outbreak of war, ensuring the safety of Pakistani citizens in affected regions.
A lesson for India is to clearly define objectives beforehand, so that the adversary or other parties do not attempt to mitigate them midway.
Speaking to North Korea's Supreme People's Assembly on Tuesday, Kim accused the United States of carrying out 'terrorism and invasions' across regions, referring to the ongoing conflict involving Iran.
'Actual implementation of the 14-point agreement is proving hard to achieve let alone striking and sustaining a long-term treaty or deal.'
Reports from the New York Post, citing Mohsen Heydari, reveal that Mojtaba Khamenei was "pulled from the rubble" of a Tehran hospital after alleged US and Israeli strikes. This occurred before his secret selection as Iran's new Supreme Leader by the Assembly of Experts, which was also reportedly targeted. Conflicting accounts from Donald Trump and Iranian President Masoud Pezeshkian have further shrouded Khamenei's health in mystery, with some suggesting severe injuries while others claim he is "completely" healthy.
US President Donald Trump has claimed that Iran has accepted "just about everything" the United States has demanded in ongoing indirect nuclear negotiations, particularly regarding denuclearisation. He also asserted that American forces repeatedly carried out military strikes that crippled Tehran's military infrastructure, including radar installations, and escorted commercial oil tankers through the Strait of Hormuz. Trump dismissed reports of Iran's strength, stating its military and economy were severely weakened.
The urgency for a resolution is underscored by the military situation, as joint operations by Israel and the US have consistently been "targeting Iran's missile systems, launch sites and other critical infrastructure" since the onset of the conflict.
Families in Ambari village are anxiously awaiting news of their relatives stranded in Iran amid escalating conflict, with limited communication and growing concerns for their safety.
'In the current environment, India is effectively paying a premium for supply security and diversification.'
Two merchant vessels with 22 Indian crew members were attacked in the Strait of Hormuz. One ship, MT Petro Dolphin, was hit by a drone, leaving two Indian seafarers missing. Another, MT Valthera, was struck by a projectile, but all 11 Indian crew are safe. India has strongly condemned the attacks, prioritising the safety of its seafarers and calling for de-escalation and upholding freedom of navigation.
The latest development comes as diplomatic efforts between Washington and Tehran continue despite renewed hostilities. CNN reported that US and Iranian officials are still working towards a nuclear agreement by mid-August, even as preparations for possible military action have continued in parallel.
US President Donald Trump has announced an immediate "energy ceasefire" between Russia and Ukraine, noting that both the warring nations have agreed to the truce.
The United States and Iran are engaged in indirect talks aimed at developing a framework for a possible agreement, according to Iran's ISNA News Agency. Intensive mediation efforts are underway, but it remains uncertain whether a final agreement is within reach.
Prime Minister Narendra Modi has welcomed the understanding between the United States and Iran to end the conflict in West Asia, expressing hope that the pact will restore peace, stability, and ensure freedom of navigation in the region. The deal, aimed at ending a 107-day war that caused a global energy crisis, is set for signing on June 19.
With Gulf countries emerging as popular destinations for Indian weddings and pre-wedding shoots, the March-April season had seen a flurry of bookings.
Fighting in Yemen has intensified as Houthi rebels advance on strategic government-held areas like Marib and Taiz, putting pressure on Saudi Arabia to respond. The conflict is also linked to wider US-Iran tensions affecting shipping in the Strait of Hormuz, with former US President Trump commenting on the situation.
China has denied reports of finalising a deal with Iran to sell CM-302 supersonic anti-ship missiles, amidst rising tensions in the Middle East and joint US-Israeli airstrikes.
US and Iran officials have reportedly agreed to de-escalate tensions and ensure free passage through the Strait of Hormuz, with technical talks scheduled to continue. This development follows months of conflict, rising gas prices, and strained diplomatic relations, marked by recent retaliatory strikes and threats from both sides. Further discussions on Iran's nuclear program are set to take place in Qatar, highlighting ongoing diplomatic efforts despite recent volatility.
Navigating this geopolitical minefield requires a cold-blooded blend of immediate tactical pleading, structural domestic diversification, and aggressive collective resistance, suggests Ambassador Rajasekhar.
Much will depend on how the protagonists use the current interlude to work proactively for the beginning of a durable settlement or, on the contrary, prepare for a new round of escalation, points out Ambassador M K Bhadrakumar.
Prime Minister Narendra Modi met Iranian President Masoud Pezeshkian at the SCO summit, advocating for dialogue and diplomacy to resolve the West Asia conflict and expressing India's desire to expand and diversify trade with Iran. Pezeshkian, in turn, urged India to leverage its contacts to promote peace.
Lieutenant General Apti Alaudinov, deputy chief of the Russian Armed Forces' Main Military-Political Department, has warned that the escalating conflict in West Asia could lead to Israel ceasing to exist as a state, accusing Israel of seeking to widen the confrontation to involve the US and NATO.
Foreign Portfolio Investors (FPIs) became net sellers in September, withdrawing Rs 35,860 crore from Indian equities due to global uncertainties, high US interest rates, and elevated crude oil prices, with outflows continuing into October.
Former US National Security Adviser John Bolton has stated that China is not prepared to back India's bid for a permanent seat on the UN Security Council. He highlighted that any expansion of permanent membership would require a UN Charter amendment, which China could veto. Bolton also discussed the broader institutional challenges facing the UN and suggested that regime change in Iran is crucial for long-term stability in West Asia, linking Houthi attacks to Iran's "ring of fire" strategy.
Head of the Iranian Parliament's National Security Committee Ebrahim Azizi on Saturday said that Iran has prepared a "professional mechanism" to regulate maritime traffic in the Strait of Hormuz through a designated route, which will be unveiled soon.
Donald Trump's inconsistent statements and actions regarding the conflict with Iran have drawn criticism and confusion, raising questions about American credibility and the direction of US foreign policy.
Prime Minister Narendra Modi hosted Iranian President Masoud Pezeshkian in New Delhi for talks focusing on the West Asia situation, bilateral relations, and BRICS cooperation. The meeting, Pezeshkian's first visit to India as president, comes amidst heightened tensions in West Asia due to new US sanctions on Iran and concerns over global oil supplies from the Strait of Hormuz. Both leaders emphasised regional stability and economic resilience.
India is navigating a complex diplomatic landscape, attempting to balance its 'forever honeymoon' with the Israel-UAE-Bahrain axis against its historical ties with Iran, as evidenced by recent high-level visits and evolving geopolitical realignments in the Middle East, observes Ambassador M K Bhadrakumar.
US President Donald Trump and Russian President Vladimir Putin discussed the Iran conflict and its impact on global energy supplies during a phone call.
