Middle East

Explosions rock Beirut as Israel strikes Lebanon on Oct 7 anniv; updates

According to the Israeli military, airstrikes were carried out on several Hezbollah intelligence and weapons storage sites within the Lebanese capital

Share Market Today: RBI MPC meet, Q2 earnings, Middle East war, Oil, FIIs

At 6:40 AM, GIFT Nifty futures were trading 89 points higher at 25,262 levels, suggesting a robust opening for the markets.

News Highlights: Wangchuk sits on fast at Ladakh Bhawan in Delhi along with supporters

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Here's what's next for oil and gas prices as Middle East tensions heat up

Oil prices climbed this week as tensions in the Middle East escalated. Iran launched missiles at Israel and the Israelis threatened retaliation, raising the possibility of a disruption to the flow of oil from the region. A jump in oil prices automatically spurs fear of a spike in gas prices, but experts see reasons that may not happen. Here's a look at the current situation and the outlook for oil and gas prices: Familiar tensions, different times Oil prices rose than USD 6 per barrel this week and prices at the pump moved higher as well. The average price for a gallon of gas rose 5 cents from last week. Any major escalation of tensions in the Middle East conjures up memories of the oil embargo that followed the start of the Yom Kippur war in 1973, which quadrupled oil prices. However, the global supply of oil has been altered radically since the 1970s, with the US becoming the world's largest oil producer. Months of war between Israel and Hamas and Hezbollah, two Iranian proxies,

Biden talks election, economy, and, Middle East in surprise news briefing

After 1,080 days as president, Joe Biden on Friday decided to pop in and take questions in the White House briefing room for the first time, striding in with a grin after a strong monthly jobs report and the temporary settlement of a strike by ports workers. The president has been less available than his recent predecessors to questions from White House press corps, making his surprise appearance welcome to the gathered reporters who waited as his press secretary's daily briefing was moved up 15 minutes, then delayed for nearly one hour. The president stepped through the press room's blue door in a dark gray suit and red tie and proceeded to make news in response to questions about comments on the 2024 presidential election, the latest jobs numbers and the escalating conflict in the Middle East. The 81-year old stepped aside from the Democratic nomination this summer, backing Vice President Kamala Harris instead. He acknowledged doubts about whether the November election would be ..

Mkts suffer worst week in over 2 yrs; West Asia crisis weighs on sentiment

FPIs net sell Rs 37,088 cr shares this week amid major shift to China

Israeli strike closes off road used to flee Lebanon: Transport minister

The escalating fighting between Hezbollah and Israel has raised fears that the United States and Iran will be sucked into the Middle East conflict raging on several fronts

Is Nasrallah's successor Hashem Safieddine eliminated in Israeli strikes?

Hashem Safieddine is widely regarded as a likely successor to Hassan Nasrallah. If appointed, he could take charge of Hezbollah during a challenging period amid increased escalation with Israel

Israel-Iran war would be a deadly, dangerous mess for Middle East

If Israel proceeds with air attacks, the Iranian response would be significant

Israel extends evacuation warnings in Lebanon, signalling increased attacks

Israel says it is targeting Hezbollah after nearly a year of rocket attacks that began on October 8 and displaced some 60,000 Israelis from communities in the north

Petrobras' pricing strategy avoids passing on market volatility: CEO

Last year, the firm ditched a more market-based pricing policy in favor of one that gave it more flexibility to smooth out price swings

Stock Market Today: Middle East war, Oil prices, US jobless claims, FIIs

At 7:06 AM, GIFT Nifty futures also indicated a weak start for the bourses, trading 66 points lower at 25,410 levels.

West Asia conflict escalation poses significant economic risks: IMF

IMF spokesperson Julie Kozack told a regular news briefing that the Washington-based global lender is closely monitoring the situation in southern Lebanon with "grave concern"

New updates: Oil prices jump 5% on concerns over West Asia, say reports

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Iran-Israel war, Sebi F&O: Why Sensex plunged over 1,800 pts intraday today

The BSE Sensex fell as much as 1,264.2 points, or 1.50 per cent, reaching an intraday low of 83,002.09. Similarly, the Nifty 50 dropped 345.3 points, or 1.33%, hitting an intraday low of 25,451.60

IDF chief vows to bring back hostages amid increased military readiness

Iran launched approximately 200 missiles at Israel targeting civilian areas and endangering lives, thanks to proper civilian response and advanced defences, the damage was relatively minor, he said

Israel's ban on Guterres a political statement in long-running rift: UN

The United Nations on Wednesday called Israel's ban on Secretary-General Antonio Guterres entering the country a political statement by its foreign minister and stressed that the world body's contacts with Israel will continue "because they have to". UN spokesman Stephane Dujarric told reporters that Israeli Foreign Minister Israel Katz deeming the UN chief "persona non grata" is also "one more attack on the United Nations staff that we've seen from the government of Israel". Israel's accusations of UN bias and antisemitism date back decades, but the rift has intensified since Hamas' October 7 attacks in the country's south killed about 1,200 people and launched the war in Gaza. Israel's offensive against the militant group has killed over 41,000 Palestinians, according to the Gaza Health Ministry, which does not say how many were fighters but that a little more than half were women and children. An Israeli ground incursion in Lebanon and other attacks against Hezbollah, a Lebanese

Biden won't support strike on Iran nuclear sites as Israel weighs payback

President Joe Biden said Wednesday he will not support an Israeli strike on sites related to Tehran's nuclear programme in response to Iran's missile attack on Israel. The answer is no, Biden told reporters when asked if he would support such retaliation after Iran fired about 180 missiles at Israel on Tuesday. Biden's comments came after he and fellow Group of Seven leaders from Canada, France, Germany, Italy, Japan and the United Kingdom spoke by telephone about coordinating new sanctions against Iran. The White House said in a statement that the leaders unequivocally condemned Iran's attack against Israel and that Biden reaffirmed America's full solidarity and support to Israel and its people. Biden added that there are things that have to be done in response to the Iranian barrage. He said he expected sanctions from the G7 nations to be announced soon. We will be discussing with the Israelis what they are going to do, Biden told reporters before heading to the Carolinas to see

Iran's missile attack on Israel: What happened and what to expect next

Iran launched 180 ballistic missiles at Israel in retaliation for the killing of Hamas and Hezbollah leaders, with most intercepted, resulting in few casualties and likely Israeli retaliation

Iran targets Mossad HQ, Israeli air base housing F-35 fighter jets: Report

Nevtim air base houses Israel's F-35 fighter jets, according to a report in the Tehran Times, which added that the fighter jets that bombarded Beirut on September 27 flew from this military air base