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MIDDLE EAST WAR SUPPLY CHAIN
India plans to cut reliance on Middle East oil, tap spot market after war shockIndia's state refiners are pivoting away from Middle Eastern oil contracts following the Iran war's supply disruptions. They plan to boost ...
India's Russian oil imports to hit record high in June, data showsIndia's Russian oil imports hit an all-time high in June, reaching approximately 2.70 million barrels per day. This surge is attributed to ...
Sri Lanka reduces fuel prices after Middle East ceasefireSri Lanka on Tuesday cut fuel prices by up to six percent, the first such move since the Middle East war triggered a surge in energy prices...
Asia's crude oil imports tick up in June but uncertainty reignsAsia's crude oil imports saw a slight June uptick but remain near decade lows, impacted by the Iran conflict disrupting Middle East shipmen...
Home sales fall to three-year low in June quarterHome sales experienced a notable dip in the June quarter, marking the slowest performance since early 2023. Persistent global uncertainties...
Housing sales fall 6% across top 7 cities in Q2 as West Asia conflict dents buyer sentiment; launches rise 7%: ANAROCKPersistent Systems' shares plunged nearly 11% following its announcement to acquire Germany-based Nagarro for €1.27 billion. While the deal...
Residential sales dip to lowest since Jan 2023 amid West Asia war, impacting buyer sentimentResidential sales in India experienced a significant dip in April-June, reaching the lowest point since early 2023. Geopolitical tensions a...
Tehran-Dubai flights to resume Monday: Iranian mediaFlights between Tehran and Dubai are set to resume on Monday, according to Iranian state media. This comes just weeks after Iran launched d...
Asia's vendors grapple with rising costs of ever-present plasticsRising plastic costs: Asian food vendors are struggling with soaring plastic costs, a direct consequence of the Middle East energy crisis. ...
Why risk strategy will define India Inc’s next decadeBy converting global risk signals into actionable growth edges, Indian businesses can not only safeguard their operations but also position...
Hormuz oil shock echoes 1973 embargo lessonsThe recent Strait of Hormuz closure, though brief, signals a potential turning point for global energy. Echoing the 1973 oil embargo, this ...
Oil falls to pre-war levels on rising Middle East supplyOil prices have dropped to pre-Iran war levels as increased Middle Eastern supply overshadows demand worries. Flows through the Strait of H...
Can Vedanta Aluminium, NALCO shares crash up to 40%? Why InCred sees major downsideInCred Equities has turned bearish on the aluminium sector, advising investors to exit aluminium stocks as it sees a potential 30–40% downs...
Tata Motors bullish on CV demand as India growth can outweigh Iran war impact in long termTata Motors anticipates short-term headwinds for commercial vehicle demand due to West Asia war-induced diesel price hikes. However, MD & C...
Crude oil prices crash 42% from April’s $126 peak. More downside coming?Global oil markets are stabilizing after months of turmoil caused by the Strait of Hormuz closure and war damage. Crude prices have plummet...
Brent crude hits lowest since before start of Mideast war as more tankers exit HormuzGlobal oil prices plunged Wednesday, hitting multi-month lows as supply worries eased with tankers clearing the Strait of Hormuz. An interi...
Cummins India bets on local demand as Middle East conflict clouds exportsCummins India anticipates robust domestic demand to fuel its fiscal 2027 growth, despite ongoing Middle East geopolitical tensions impactin...
US manufacturing soars on front-loading of orders; factory employment tanks to six-year lowUS manufacturing activity surged in June as businesses stocked up anticipating shortages and price hikes, driven by Middle East conflict im...
Middle East outages to keep aluminium market tight near-term, but Indonesia-China supply wave caps upside: Goldman SachsAluminium prices are expected to remain high in the short term due to ongoing Middle East disruptions, which are now projected to extend in...
IEA sees gradual Hormuz recovery tipping into significant 2027 surplusThe global oil market is set for a gradual recovery. The Strait of Hormuz will reopen following a US-Iran agreement. This ends a major oil ...