Matein Khalid The US-Israel war with Iran has now stretched beyond five weeks, inflicting extensive damage on energy infrastructure, airports, ports and commercial and technology hubs across the six GCC states. The closure of the Strait of Hormuz to Gulf oil and gas exports is, in itself, an economic catastrophe. It forces the GCC to conclude that energy export security is not national security. Drone and missile attacks triggered a sharp […]
By Asad Mirza It seems that President Trump’s Tuesday morning Truth Social post, which threatened “a whole civilisation will die tonight” and raised the spectre of nuclear war, has jolted the American lawmakers, and it has begun a chorus of calls either for Trump’s impeachment or for his removal via the invocation of the 25th […]
The article Irrespective Of Two Week Ceasefire, Demand For Impeachment Of Trump Grows In U.S. Congress appeared first on Latest India news, analysis and reports on Newspack by India Press Agency).
Arabian Post Staff -Dubai Dubai shares posted their strongest one-day rise in more than a decade on Wednesday after a two-week ceasefire between the United States and Iran eased fears over a wider regional conflict, soothed concern over energy shipping routes and triggered a broad relief rally across Gulf markets. Dubai’s benchmark index jumped as much as 8.5% intraday, while Abu Dhabi’s main market also recorded its […]
Arabian Post Staff -Dubai Physical crude prices for immediate delivery have surged to levels close to $150 a barrel for some grades, leaving paper benchmarks lagging and exposing the depth of the supply strain caused by the Hormuz crisis. European and Asian refiners have been forced to pay sharply higher premiums for cargoes that can be processed now, as the disruption to flows through the Strait of […]
Arabian Post Staff -Dubai Airlines and energy traders are bracing for a prolonged squeeze in aviation fuel supplies even after the Strait of Hormuz reopened under a two-week ceasefire arrangement announced by US President Donald Trump, with the head of the International Air Transport Association warning that disruption to jet fuel availability could take months to unwind. Oil prices dropped sharply below $100 a barrel after the […]
Arabian Post Staff -Dubai Oil prices fell sharply on Tuesday after US President Donald Trump said he had agreed to a two-week ceasefire with Iran, tied to the immediate and safe reopening of the Strait of Hormuz, easing fears of a prolonged supply shock through one of the world’s most important energy chokepoints. Reuters reported Brent crude was down 13.3 per cent at $94.76 a barrel in […]
Israel has warned civilians across Iran to avoid trains and railway lines, signalling a new phase in its expanding campaign against Iranian infrastructure as the conflict entered a more dangerous stage on Tuesday. The Israeli military issued the message in Persian on its official account, telling people not to travel by rail or go near railway tracks until 9pm local time, and saying their presence there could […]
Arabian Post Staff -Dubai Iran said on Monday it wanted a durable end to the war with the United States and Israel rather than a temporary truce, rejecting pressure to reopen the Strait of Hormuz on Washington’s timetable as President Donald Trump warned the country could be “taken out” if it failed to meet his Tuesday night deadline for a deal. Tehran’s stance underscored how far apart […]
Arabian Post Staff -Dubai Donald Trump has said a Tuesday deadline for Iran to accept a deal remains final, sharpening a crisis that has already pushed energy markets higher, intensified diplomatic pressure and raised fresh concern over the risk of a broader Middle East conflict. Speaking on April 6 at the White House, the US president said Tehran had made what he described as a significant move […]
U. S. Treasuries fell across the curve after President Donald Trump used a televised address to harden his stance on Iran, unsettling investors who had been looking for signs of de-escalation and instead got a warning of heavier military action that sent oil prices sharply higher and revived fears of another inflation pulse through the global economy. The move in government debt reflected a quick reassessment of […]
Arabian Post Staff -Dubai Oil prices leapt on Thursday after President Donald Trump said the United States would keep striking Iran for at least the next two to three weeks, dashing hopes that Washington was preparing to scale back military action and easing concerns in energy markets only briefly. Brent crude rose above $108 a barrel and West Texas Intermediate climbed past $106 in early trade, reversing […]
Omniyat Holdings has said it has enough liquidity to handle its debt obligations after Fitch placed the Dubai ultra-luxury developer on Rating Watch Negative, citing geopolitical risk linked to the Iran war and the potential for weaker buyer demand in Dubai and across the Gulf. The company said it held more than AED 5.3 billion in cash, cash equivalents and other financial assets at the end of […]
India has cut special excise duties on petrol and diesel after a sharp rise in global crude prices, seeking to shield consumers from a broader inflation shock as the Iran war and disruption around the Strait of Hormuz continue to unsettle energy markets. A government order issued late on Thursday reduced the special excise duty on petrol to Rs 3 a litre from Rs 13, while the levy on diesel was removed entirely from Rs 10 a litre. At the same time, New Delhi imposed fresh windfall taxes on diesel and aviation turbine fuel exports to recover part of the revenue loss and manage the fiscal hit.
The move underlines the pressure facing policymakers as oil prices remain volatile and the rupee weakens, raising the cost of imports for one of the world’s biggest crude buyers. Brent crude climbed above $112 a barrel on Friday, extending a rally driven by doubts over any near-term ceasefire and persistent fears that supply disruptions in the Gulf could deepen. Traders and analysts have said the risk premium now reflects not only lost barrels but also the strategic importance of Hormuz, through which a large share of global oil and liquefied natural gas flows.
For India, the tax cut is as much about inflation management as political optics. Retail prices at state-run fuel retailers have been largely held steady even as global crude costs have climbed, forcing public-sector oil marketing companies to absorb losses on every litre sold. Reuters reported that those losses were running at about Rs 24 a litre on petrol and Rs 30 on diesel at the time of the duty cut, a burden that had begun to raise concerns about the financial strain on the country’s dominant fuel retailers. By lowering excise duties, the government creates room for those companies to keep pump prices stable without taking the full blow on their balance sheets.
That relief, however, comes with a cost. The excise reduction is expected to trim government revenue by roughly Rs 70 billion every fortnight, with the net impact estimated at about Rs 55 billion after accounting for the new export levies on diesel and jet fuel. Those numbers matter because New Delhi is already balancing slower growth risks, higher import costs and sensitivity in bond markets. India’s 10-year government bond yield rose as investors weighed the inflationary impact of oil and the possibility that fiscal targets may come under pressure if energy turbulence persists.
Currency markets have been sending a similar warning. The rupee slipped beyond 94 to the US dollar, marking a record low and capping its weakest fiscal-year performance in more than a decade. Higher oil prices have compounded external pressures by widening import costs and fuelling worries over inflation, while signs of reduced support from the Reserve Bank of India have added to volatility in both the currency and government debt markets. The combination of a softer rupee and expensive crude intensifies the urgency for measures that can prevent fuel inflation from feeding into transport, food and manufacturing costs.
The government has paired the tax changes with broader supply assurances. Officials have said retail fuel prices will remain stable and that supplies of fuel, fertiliser and coal are adequate. India has also increased the availability of liquefied petroleum gas for industrial use, an indication that authorities are trying to prevent energy stress from spilling into factories and power demand. That broader messaging is aimed at containing panic in a market already on edge over whether the Middle East conflict could trigger a more prolonged energy shock.
The burden of holding down prices has not been distributed evenly across the sector. State-run retailers, which control more than 90 per cent of the country’s fuel stations, have largely refrained from raising pump prices, while private players have begun adjusting. Nayara Energy, for example, increased gasoline and gasoil prices this week, citing the combined impact of a weaker rupee and surging global crude prices. The divergence highlights the structural challenge for the government: keeping inflation contained without unduly damaging the finances of state-backed refiners and marketers.
Arabian Post Staff -Dubai US Vice President JD Vance has sought to reassure voters and markets that Washington does not intend to become locked into a prolonged military commitment in Iran, arguing that higher fuel costs are a temporary consequence of a campaign the administration expects to wrap up rather than harden into another open-ended Middle East war. His remarks come as the Trump administration faces a […]
By K Raveendran US President Donald Trump’s attempt to jawbone oil lower has run into the hard edge of market reality. At the start, the strategy appeared to work. When he signalled that peace talks with Iran were possible and suggested a diplomatic opening, crude quickly gave back a large share of its war premium. […]
The article Energy Markets See Through Shallow Peace Talk, Move On Their Own Terms appeared first on Latest India news, analysis and reports on Newspack by India Press Agency).
By Nitya Chakraborty U.S. President Donald Trump finally rescheduled his much awaited visit to China on May 14 and 15 by announcing in his Truth Social there by creating big interest in the diplomatic circles about the possibility of a sort of ceasefire in the current West Asian war before the scheduled trip to Beijing. […]
The article Trump-Xi Summit Rescheduled On May 14-15 In Beijing Worries Japan And Taiwan appeared first on Latest India news, analysis and reports on Newspack by India Press Agency).
Arabian Post Staff -Dubai Washington has drawn up a 15-point framework aimed at halting the conflict with Iran, reflecting mounting pressure on the Trump administration to contain both military escalation and widening economic fallout, according to officials familiar with the discussions. The plan, described as an evolving diplomatic blueprint rather than a final settlement, is being positioned as a pathway to structured negotiations after weeks of […]
By Nitya Chakraborty The U.S.-Israel combo’s war against Iran entered its 20th day on March 19 with global diplomats monitoring closely the Chinese reaction to the continued decimation of Iran’s leadership and key installations by Trump and Netanyahu and also Tehran’s fierce retaliatory attacks against Israel as also the US allies in West Asia including […]
The article Decoding China-U.S. Relations Amidst Trump-Netanyahu’s War Against Iran appeared first on Latest India news, analysis and reports on Newspack by India Press Agency).
A few sentences from Donald Trump erased roughly $30 from the price of oil and lifted global equities. The US president told reporters the war involving Iran could end “very soon,” although he also indicated the conflict would likely continue beyond the coming week. Financial markets reacted immediately. Brent crude, which had surged toward $120 a barrel during the height of escalation fears, dropped sharply and slipped […]
China has announced plans to send a special diplomatic envoy to the Middle East as Beijing seeks to mediate escalating hostilities linked to military strikes on Iran and retaliatory attacks across the region. Foreign minister Wang Yi said the envoy would travel to several regional capitals to promote dialogue and reduce tensions following a widening confrontation involving Iran, Israel and the United States. The move marks one […]
Matein Khalid Five days of continuous Israeli and US bombing of Iran, the killing of Ayatollah Khamenei and at least five dozen other senior military and political leaders of the Islamic Republic, the de facto closure of tanker traffic in the Strait of Hormuz, the shutdown of Saudi Arabia’s Ras Tanura refinery and the world’s biggest LNG complex in Qatar, as well as retaliatory drone and missile attacks by Iran on airports, seaports, […]
By T N Ashok NEW YORK: For seven decades, American diplomats danced around Kashmir with the precision of tightrope walkers, carefully avoiding any gesture that might suggest the United States had chosen sides in South Asia’s most intractable territorial dispute. Maps were scrubbed of political meaning. Statements were lawyered into studied neutrality. From Truman to […]
The article India Have Reasons To Be Happy At Big U.S. Switch On The Status Of Kashmir appeared first on Latest India news, analysis and reports on Newspack by India Press Agency).
The United Kingdom has expanded its sanctions regime against figures accused of fuelling Sudan’s civil war, imposing measures this week on six senior commanders and facilitators linked to atrocities and the recruitment of foreign fighters. These actions, announced by the Foreign, Commonwealth and Development Office under the Sudan Regulations 2020, include asset freezes, travel bans and director disqualifications intended to disrupt financial and military support networks that […]
Arabian Post Staff -Dubai United Arab Emirates has accepted an invitation from the United States to join the Board of Peace, a new diplomatic initiative advanced by President Donald Trump that aims to promote stability, restore dependable governance and help secure peace in conflict-affected regions, according to officials familiar with the discussions. The acceptance places Abu Dhabi among the first governments to publicly align with the proposal, […]
