Conflict escalates in the Middle East: Israeli-American air strikes hit Iran, Tehran, and Beirut—thousands displaced, global crisis deepens
The Middle East conflict escalates sharply as Israel and the United States intensify military operations against Iran following a series…
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- Sensex closes lower by 582 points as high crude oil prices dent investor sentiment
The 50-share NSE Nifty dived 180.10 points or 0.74% to end at 23,997.55
- Rupee hits record intraday low of 95.34 against U.S. dollar amid West Asia standoff
At the interbank foreign exchange market, in the afternoon session, the domestic currency was trading 37 paise lower at 95.25
- Oil prices ease after rally as UAE exits OPEC; Iran conflict, Hormuz blockade keep supply concerns high
Brent crude futures for June dipped 1% to $111.25 a barrel, having climbed for the previous seven sessions
- Rupee falls 32 paise to all-time low of 95.20 against U.S. dollar
At the interbank foreign exchange market, the rupee opened at 95.01 against the U.S. dollar, then lost some ground and touched an all-time low of 95.20 against the U.S. dollar in initial trade, registering a fall of 32 paise over its previous close.
- Oil firms selling petrol at ₹14 a litre loss, diesel at ₹18
Besides losses on petrol and diesel, the elevated energy prices post West Asia crisis are likely to leave companies with an under recovery of ₹80,000 crore on cooking gas LPG in the current fiscal
- Israel-Iran war LIVE: U.S. warns shipping firms they could face sanctions over paying Iranian tolls in Strait of Hormuz
The alert posted Friday (May 2, 2026) by the U.S. Office of Foreign Assets Control adds another layer of pressure in the standoff between the U.S. and Iran over control of the Strait of Hormuz.
- Trump jokes U.S. Navy will take on Cuba on the way home from Iran
The Trump administration is in the midst of a monthslong campaign to press the Cuban government to make dramatic reforms
- U.S. warns shipping firms they could face sanctions over paying Iranian tolls in Strait of Hormuz
About a fifth of the world's trade in oil and natural gas typically passes through the strait at the mouth of the Persian Gulf in peacetime
- NATO says ‘working’ with U.S. to ‘understand' decision to cut troops in Germany
The U.S. move came after President Donald Trump renewed criticism of German Chancellor Friedrich Merz, who said that Iran was "humiliating" Washington in negotiations to end the war in the West Asia
- U.S. withdrawing 5,000 troops from Germany, U.S. officials say
Germany's Defence Minister said the withdrawal of American troops from Germany had been expected and that Europe needed to do more to ensure its own security
