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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- Stock markets crash over 3% as oil spikes to $114 a barrel
The sudden slump towards the final trading hours was due to soaring Brent crude futures price hitting a new high and the rupee depreciating to a new low of ₹92.89 a dollar
- Crude Oil futures rise ₹74 to ₹9,067 per barrel; Brent touches $116
Brent Crude futures crossed $116 per barrel in the overseas trade as fresh attacks on key energy infrastructure in the region heightened fears of a tight global supply
- Markets tumble 2% as Israel attacks world’s largest gas field in Iran
Brent crude price hit a new high, trading above $112 a barrel. The India-U.S. exchange rate depreciated to a new high crossing ₹93 a dollar
- HDFC Bank stock falls over 4% as chairman resigns on ethical grounds
On March 18, the HDFC Bank stock had closed lower despite the indices being in the positive territory before the resignation news came out, raising speculations wherever there was insider trading at the bank
- Stock markets extend winning run to third day; Sensex, Nifty climb nearly 1%
NTPC, Hindustan Unilever, Sun Pharma and HDFC Bank were among the laggards
- Oil, power, and politics of disruption
The closure of the Strait of Hormuz disrupts a vital artery of the global economy, triggering price increases and turmoil in energy markets; as supply shocks reshape the geopolitics of energy, countries like India, the U.S., and Russia recalibrate strategies amid shifting oil flows and rising dependence
- Iran-Israel war LIVE: Netanyahu to hold press conference; second since beginning of the war
The Pentagon is seeking $200 billion in additional funds for the Iran war, a senior administration official says
- Hezbollah says battling Israeli troops' advance in south Lebanon
The Israeli army announced on Monday that it had launched "limited" ground operations in Lebanon
- EU lawmakers vote to advance U.S. trade deal
Many lawmakers have complained the trade deal is one-sided, with the EU required to cut most import duties while the U.S. sticks to a broad rate of 15%
- Iran missile fire kills 3 Palestinians in West Bank, foreign worker in Israel
This marks the first Palestinian deaths from Iranian attacks in the ongoing Middle East war
