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Israel-Iran conflict in 'decisive phase' after US strikes, say experts

Economic Times

Economic Times · 2m ago

Israel-Iran conflict in 'decisive phase' after US strikes, say experts

The Israel-Iran conflict has escalated into a decisive phase after the US bombed three major Iranian nuclear sites. Experts critique the US involvement, saying it exacerbates tensions rather than stabilizing the situation. Concerns rise over potential retaliatory actions from Iran, such as closing the Strait of Hormuz, which could heavily impact global and Indian economies through disrupted oil supplies and rising prices. The situation endangers regional stability and presents diplomatic challenges for India.

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“This is how World War III begins”: As missiles rain on Tel Aviv, analysts say the next strike could drag the world in

Economic Times

Economic Times · 2m ago

“This is how World War III begins”: As missiles rain on Tel Aviv, analysts say the next strike could drag the world in

Tensions in the Middle East have escalated dangerously following Iranian missile strikes near Tel Aviv, prompting Israel to launch a major military operation named "Operation Rising Lion." In retaliation, Iran targeted Israeli cities with drones and missiles, leading to civilian casualties. Diplomatic efforts have stalled, with Washington backing Israel's actions. Regional stability is at risk, and experts warn that the conflict could expand globally, drawing in countries like the US and its allies.

Iran-Israel war escalation to impact India' s trade with West Asia, say experts

Economic Times

Economic Times · 2m ago

Iran-Israel war escalation to impact India' s trade with West Asia, say experts

The escalation of the Iran-Israel conflict poses significant threats to India's trade with West Asian countries. Experts highlight potential disruptions to shipping routes, like the Strait of Hormuz, crucial for India's crude oil imports. This could drive up oil prices and impact inflation. Key Indian exports, including agricultural goods to Iran, may suffer due to strained payment channels and heightened shipping risks. India's broader trade with the region faces risks from the evolving geopolitical tensions.

Iran says 'all options on the table' in case of US intervention

Economic Times

Economic Times · 2m ago

Iran says 'all options on the table' in case of US intervention

Iran has warned the United States against intervening in support of Israel, with Deputy Foreign Minister Kazem Gharibabadi stating that Iran is prepared to defend itself if necessary. The warning reflects tensions due to a potential US involvement in the Israeli conflict. Iran emphasizes its readiness to act, with military decision-makers having all options available. This comes amid heightened geopolitical tensions in the region involving Iran, the US, and Israel.

WhatsApp 'concerned' services to be blocked after Iran calls to delete app

Economic Times

Economic Times · 2m ago

WhatsApp 'concerned' services to be blocked after Iran calls to delete app

WhatsApp expressed concern over potential blockage in Iran after state TV urged deleting the app, alleging data sharing with Israel. Iran banned internet-fueled apps amidst conflict with Israel, claiming security threats. WhatsApp refuted allegations, emphasizing end-to-end encryption and lack of personal data tracking or government data provision. Amid ongoing tensions and protests, Iran imposed internet restrictions and advised minimal online equipment use for public safety, affecting accessibility of services and apps.

Israel-Iran crisis: Avoid knee-jerk reaction, use any correction to deploy cash into equities, say money managers

Money Control

Money Control · 10m ago

Israel-Iran crisis: Avoid knee-jerk reaction, use any correction to deploy cash into equities, say money managers

- The ongoing conflict between Israel and Iran is likely to impact Indian stock markets and increase volatility. - Diversifying investments across various asset classes can help mitigate risks during market corrections. - Experts suggest having a 10-15% allocation to gold to diversify geopolitical risks. - Avoid making impulsive decisions and stay focused on long-term financial goals during market fluctuations. - Continuing to invest regularly through SIPs can help mitigate market volatility over time. - Market corrections can present opportunities to deploy cash and invest gradually.

Iran attack on Israel: Dangerous escalation could spell dire implications for India’s oil supply

Money Control

Money Control · 1y ago

Iran attack on Israel: Dangerous escalation could spell dire implications for India’s oil supply

Iran launched a counter-strike against Israel with armed drones and missiles. Though most of the attacks were intercepted, an Israeli airforce base was reportedly hit. This escalation in conflict has implications for India, as it has close relations with both Iran and Israel. The conflict spreading to the Gulf could impact global oil prices, with India heavily dependent on oil imports from the region. India has issued a travel advisory to citizens, and there are concerns for the safety of Indian crew members on a seized vessel in the Hormuz Strait. The situation remains volatile and could draw the US into the conflict.

West Asia conflict, oil spike put investors on edge

Economic Times

Economic Times · 2m ago

West Asia conflict, oil spike put investors on edge

Escalating conflict between Israel and Iran has led to a spike in oil prices, nearing six-month highs, posing risks to the inflation outlook. Over the weekend, both nations launched fresh strikes, impacting Iran's oil and gas industry, and causing a rush to safe-haven assets like gold and the dollar. Despite the increased risk, it's uncertain if the situation will lead to significant economic damage, according to economist Samy Chaar.

Iran-Israel conflict swells again: 4 films to watch that decode the rivalry

Economic Times

Economic Times · 2m ago

Iran-Israel conflict swells again: 4 films to watch that decode the rivalry

Israel and Iran's conflict escalated as Israel targeted Iranian air-defense sites to weaken Tehran’s missile capabilities, prompting threats of a stronger response from Iran. The enduring rivalry, fueled by decades of proxy confrontations, is explored through films like "Atomic Falafel," "Rita Jahan Foruz," "One Wish for Iran, Love Israel," and "The Impossible Spy." These films offer insights into the geopolitical and cultural complexities of the conflict, highlighting human stories amidst the tensions.

Iran-Israel war: Govt to meet stakeholders this week to assess impact on India's trade

Economic Times

Economic Times · 2m ago

Iran-Israel war: Govt to meet stakeholders this week to assess impact on India's trade

The Indian government is assessing the impact of the Iran-Israel conflict on national trade, with a focus on shipping and container organization challenges. Key concerns include potential disruptions in the Strait of Hormuz and the Red Sea, crucial routes for India's energy imports and exports. Closure or disturbances in these areas could increase costs, trigger inflation, and affect export routes to Europe and the US. India is also facing a decline in trade with Israel and Iran amid worldwide trade pressures.

'I gave Iran chance after chance to make a deal': Trump warns Iran to act quickly, urges end to violence amid Israel conflict

Economic Times

Economic Times · 2m ago

'I gave Iran chance after chance to make a deal': Trump warns Iran to act quickly, urges end to violence amid Israel conflict

Former U.S. President Donald Trump warned Iran to make a deal amid rising tensions with Israel, following Israeli airstrikes in Iran. He stressed urgency, stating that a deal should be made before further destruction occurs. His comments preceded scheduled talks between Iran and the U.S. in Oman regarding Iran's nuclear program. The conflict involves longstanding hostilities between Israel and Iran, further intensified since the 2023 Gaza war began. Trump ended his statement urging for peace.

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