Iran

Indian Equities Tumble at Open as Oil Rally Triggers Widespread Sell-Off

Indian Equities Tumble at Open as Oil Rally Triggers Widespread Sell-Off

Mumbai (Gurpreet Singh): Domestic stock markets started the week on a weak note, with benchmark indices witnessing a steep decline during Monday’s opening session. The fall followed a sharp surge in global crude oil prices and negative cues from international markets, which triggered heavy selling across sectors. The Nifty 50 dropped significantly at the opening bell, falling 582.40 points, or 2.38 percent, to begin trading at 23,868.05. Similarly, the BSE Sensex slipped 1,862.15 points, or 2.36 percent, opening at 77,056.75, reflecting a cautious mood among investors. The market downturn came as crude oil prices climbed sharply, rising nearly 25 percent…
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Indian Citizen Injured, No Casualties Reported Among Indians After Al-Kharj Strike

Indian Citizen Injured, No Casualties Reported Among Indians After Al-Kharj Strike

Riyadh (Rajeev Sharma): The Indian Embassy in Riyadh has confirmed that no Indian nationals were killed in the projectile strike that hit a residential facility in Al-Kharj, Saudi Arabia, on Sunday evening. The diplomatic mission shared the update on Monday, bringing relief to the Indian community in the Kingdom. In a statement posted online, the embassy said that although one Indian citizen was injured during the incident, there have been no reports of any Indian fatalities. The injured individual is currently undergoing treatment at a government hospital in Al-Kharj and is said to be receiving proper medical care. Officials from…
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Iran’s Leadership Shift and Regional Strikes Deepen Middle East Crisis

Iran’s Leadership Shift and Regional Strikes Deepen Middle East Crisis

Dubai (Rajeev Sharma): The conflict spreading across West Asia intensified on Monday as Iran confirmed a new supreme leader and expanded military operations across several parts of the Middle East, raising fears of a broader regional crisis. Authorities in Iran announced that cleric Mojtaba Khamenei has been chosen as the country’s next supreme leader following the death of his father, Ali Khamenei, during the opening phase of the ongoing war on February 28. The appointment was confirmed by the powerful Assembly of Experts, which oversees the selection of Iran’s highest authority. Mojtaba Khamenei, who has largely remained out of the…
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Gulf Nations on High Alert After Fresh Iranian Strikes Target Key Sites

Gulf Nations on High Alert After Fresh Iranian Strikes Target Key Sites

Dubai (Rajeev Sharma): Several Gulf countries remained on heightened alert after a fresh round of missile and drone attacks linked to Iran targeted strategic locations across the region, including airports, oil facilities and military bases. Authorities in Kuwait confirmed that fuel storage facilities near Kuwait International Airport were struck during the latest escalation. The country’s oil sector responded by temporarily reducing crude production as a safety measure while security forces dealt with what officials described as a wave of hostile drones entering national airspace. Some civilian structures were also damaged after fragments from intercepted drones fell to the ground. In…
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Sixth Day of War: Iran Fires Fresh Missiles at Israel Amid Expanding Regional Clashes

Sixth Day of War: Iran Fires Fresh Missiles at Israel Amid Expanding Regional Clashes

Tehran (Rajeev Sharma): Missiles streaked across the skies over Israel early Thursday as Iran launched another round of attacks, pushing the ongoing war into its sixth day. Air raid sirens sounded in several cities after Israeli defence forces confirmed incoming projectiles, even as the country widened its own military campaign beyond its borders. The latest escalation follows reports that a US submarine sank an Iranian naval vessel in the Gulf, an incident that further inflamed tensions between Tehran and Washington. In response, Iranian officials warned that both military and economic targets across the region could face retaliation if hostilities continue.…
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UNESCO Condemns Deadly Missile Strike on Girls’ School in Iran as “Grave Violation” of International Law

UNESCO Condemns Deadly Missile Strike on Girls’ School in Iran as “Grave Violation” of International Law

Paris/Tehran (Rajeev Sharma): The United Nations Educational, Scientific and Cultural Organization (UNESCO) on Monday, March 2, 2026, expressed profound alarm over the devastating impact of the ongoing military escalation in West Asia on educational institutions. The agency issued a stern warning that attacks on schools constitute serious violations of international humanitarian law following a catastrophic missile strike on a girls’ primary school in southern Iran. Preliminary reports from the city of Minab indicate that the attack on the Shajareh Tayyebeh girls' elementary school resulted in the deaths of more than 100 people, with some estimates citing a toll as high…
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10 Million Indians in West Asia in Limbo as Conflict Deepens, Government Weighs Options

10 Million Indians in West Asia in Limbo as Conflict Deepens, Government Weighs Options

New Delhi (Rajeev Sharma/Gurpreet Singh): The deepening confrontation involving the United States, Israel and Iran has placed India before a formidable challenge: protecting an estimated 10 million citizens spread across West Asia. With air routes disrupted and tensions rising across the Gulf, New Delhi is navigating a complex diplomatic and logistical landscape, even as no large-scale evacuation plan has been formally announced. In the past 24 hours, senior officials from Kuwait, Oman, Bahrain, Qatar, Saudi Arabia and the United Arab Emirates have conveyed assurances regarding the well-being of Indian nationals residing in their territories. External Affairs Minister S. Jaishankar has…
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Energy Markets on Edge as Middle East Strikes Trigger Sharp Oil Rally

Energy Markets on Edge as Middle East Strikes Trigger Sharp Oil Rally

Tehran (Rajeev Sharma): Crude oil prices leapt in early trading this week after renewed military action in the Middle East sparked fears of serious disruptions to global energy flows. The latest wave of US and Israeli strikes on Iranian targets, followed by retaliatory attacks across the Gulf region, has unsettled traders who worry that escalating tensions could choke off supply from one of the world’s most vital oil corridors. The prospect of prolonged instability pushed benchmark prices significantly higher on Monday. US crude, known as West Texas Intermediate, climbed more than 7 per cent in morning trade to hover above…
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Global Oil Shock: India Braces for $100 Crude as Hormuz Closure Ignites Energy Security Crisis

Global Oil Shock: India Braces for $100 Crude as Hormuz Closure Ignites Energy Security Crisis

New Delhi (Gurpreet Singh): The Indian economy is facing a critical strategic challenge as global oil prices surged nearly 10 per cent on Sunday, March 1, 2026, following a dramatic military escalation in West Asia. Brent crude jumped toward $80 a barrel in over-the-counter trading after joint US and Israeli strikes on Iranian leadership prompted Tehran to move toward shutting the Strait of Hormuz. This narrow maritime corridor is the primary artery for nearly one-fifth of global oil and gas supplies, and any prolonged blockage threatens to drive prices toward the $100 mark, significantly straining import-dependent nations. The crisis acquired…
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“Cynical Murder”: Vladimir Putin Condemns Killing of Ayatollah Khamenei as Breach of International Law

“Cynical Murder”: Vladimir Putin Condemns Killing of Ayatollah Khamenei as Breach of International Law

Moscow (Rajeev Sharma): Russian President Vladimir Putin on Sunday, March 1, 2026, issued a scathing condemnation of the targeted killing of Iranian Supreme Leader Ayatollah Ali Khamenei, describing the act as a "cynical murder" that violates the fundamental norms of human morality and international law. In a formal condolence note addressed to Iranian President Masoud Pezeshkian and released by the Kremlin, Putin expressed his deep personal grief over the loss of the 86-year-old leader, who was killed alongside members of his family during a massive joint military operation by the United States and Israel on Saturday. The Russian leader lauded…
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