County Gulf Financial News

The escalating US-Iran conflict has wreaked havoc on market sentiment, leaving investors anxious about spiking crude oil prices and the economic fallout of a prolonged confrontation. This instability carries significant implications for Gulf Cooperation Council (GCC) economies, particularly with the threat of supply disruptions through the Strait of Hormuz, a vital chokepoint for global energy.Consequently, Indian firms with meaningful exposure to the Middle East are facing heightened near-term volatility.

Nifty bounced from a low of 24,598.6 to close at 24,956.5 two days later. On 30 September 2025, it hit an intraday low of 24,587.7 before recovering to close at 24,611.10.

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New Delhi: Basmati rice exporters will meet officials of the Agricultural and Processed Food Products Export Development Authority (Apeda) this week to assess the fallout of escalating tensions in West Asia, as shipping disruptions and rising freight and insurance costs threaten India’s nearly $6 billion basmati trade in FY25, as per people in the know.The move comes amid growing uncertainty over consignments bound for the Gulf region, which accounts for nearly 60-70% of India’s basmati exports. Exporters said that while the immediate damage is still being assessed, several shipments are either stuck in transit or held up at ports, raising concerns over delayed payments and contractual risks if the conflict is prolonged.“Exports have come to a standstill in some corridors.

crude flows, has emerged as a flashpoint after US and Israeli strikes on Iran and retaliatory actions by Tehran. While there has been no formal closure, heightened uncertainty has been enough for carriers to alter schedules and pause sailings.Shipping majors including Mediterranean Shipping Company and A.P.

petroleum ministry is taking continuous stock of the energy supply scenario along with the refiners. They are looking at ways to ensure that supplies are not interrupted.

Indian companies with operations in West Asia spent the weekend tracking their employees and gauging the impact on their businesses as the US-Israel strikes on Iran escalated the conflict, freezing movement from outside and within the region.“We are in touch with the client firms. The workers are safe.

Subscribe to enjoy similar stories. MEXICO CITY—For many drug-enforcement officials in North America, there was one cartel boss who was too big and too dangerous to ever try to take down—Nemesio “El Mencho" Oseguera, the head of the Jalisco New Generation Cartel.

Subscribe to enjoy similar stories. Iran has sought for years to build closer military ties with China and Russia, but its powerful friends are proving reluctant to step forward as the regime faces the most acute U.S. threat to its survival in decades.

Subscribe to enjoy similar stories. Syria’s possible descent into another civil war, Israel’s recognition of Somaliland, the United Arab Emirates’ failed offensive in Yemen, final U.S. withdrawal from Iraq, and the slow transition from war to peace in Gaza may appear to be disconnected events in a fractious region.

Subscribe to enjoy similar stories. Iran’s missile program was born of weakness in the early years of the Islamic Republic. Now the question is whether it is formidable enough to head off a military confrontation with President Trump.

Subscribe to enjoy similar stories. Saudi Arabia on Tuesday ruled out the use of its airspace and territory for a potential U.S. attack on Iran, complicating the Trump administration’s options in response to Tehran’s violent crackdown against Iranian protesters.

Subscribe to enjoy similar stories. As urban spaces rage with protests, Iran seems in turmoil again. Is America’s long squeeze of Iran’s economy at work? Or a classic “oil curse"? The stir was set off by an inflation flare-up caused by a crash in the Iranian rial.

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The new National Security Strategy of the US seeks “strategic stability” with Russia. It declares that China is merely a competitor, that the Middle East is not central to American security, that Latin America is “our hemisphere” and that Europe faces “civilizational erasure.” India barely rates a mention; one might say, as Neville Chamberlain did of Czechoslovakia in 1938, that it’s “a faraway country... of which we know nothing.” Well, so much the better for India, which can take care of itself.The realpolitik of this document is breathtaking, yet the underlying logic is not stated.

Subscribe to enjoy similar stories. “María!" A man’s voice cut through the rain pelting the pitch-black Caribbean Sea, just audible between two boats tossed around by 10-foot waves. People on the smaller vessel, a simple fishing skiff, held up cellphones like emergency flares in the night.

Indian diaspora withdrew more money than it invested in local bank deposits since October last year despite the sharp depreciation of the rupee, possibly indicating a tighter job market overseas, especially in the Gulf countries, as well as a fear of uncertainty in the global economy amid a looming tariff war, said people familiar with the matter. Reserve Bank of India (RBI) data showed that there was a net outflow of $1.5 billion between October 2024 and January this year in non-resident deposits while the rupee depreciated 3.3% during this period. The outstanding NRI (non-resident Indian) deposits stood at $161.2 billion at the end of January, down from $162.7 billion at the end of October last year.

Tesla share price rose 3.4 per cent on Tuesday even as Billionaire Elon Musk reportedly held a crucial meeting with employees, as per a report. Parleys between Musk, who is a key advisor to US President Donald Trump's administration, and Tesla employees and investors have been an assuring one, Fortune reported quoting Wedbush analyst Dan Ives. The meeting, which streamed online, had Musk speaking positive things to employees even as he claimed the future for Tesla looks bright. However, even after Tuesday's gain, Tesla's stock nevertheless remains down nearly 29 per cent for 2025 so far.

Goli Soda is witnessing strong consumer response in key international markets, including the US, UK, Europe, and the Gulf, driven by strategic expansion and innovative reinvention, an official statement said on Sunday. Under a strategic partnership with Fair Exports, India has ensured steady deliveries of Goli Soda, rebranded as Goli Pop Soda, to Lulu Hypermarket, one of the largest retail chains in the Gulf region, the commerce ministry's arm Agricultural and Processed Food Products Export Development Authority (APEDA) said. «This iconic beverage, once a household staple, is making a remarkable comeback on the global stage, driven by its innovative reinvention and strategic international expansion,» it said, adding the product has already made strong inroads in global markets, with successful trial shipments to the USA, UK, Europe, and Gulf countries. The revival of this beverage, which had nearly disappeared due to the dominance of multinational beverage companies, marks a significant milestone in India's efforts to promote and export authentic, homegrown food and beverage products in the global markets, it said.

Sunita Williams returned to Earth after being stranded at the International Space Station for nine months, her cousin Dinesh Rawal on Wednesday said that the NASA astronaut will change the world as she is not an ordinary person. «When she returned, we jumped with joy… I was so happy… Till yesterday, I had an unsettling feeling deep in my heart… God has listened to our prayers and brought our Suni back safely… Sunita is not an ordinary person… She will change the world,» Dinesh Rawal told ANI. Earlier, NASA Crew-9 astronauts breathed earthly air for the first time in over nine months following the successful splashdown of SpaceX's Dragon capsule. The astronauts disembarked the capsule on stretchers, as is customary, CNN reported. This precaution is taken by SpaceX for all astronauts returning from long-duration space missions. Delays caused by issues with Boeing's Starliner spacecraft, which surfaced during a test flight piloted by Butch Wilmore and Sunita Williams last summer, led to the astronaut duo remaining in space for nine months instead of a week, CNN reported. NASA's SpaceX Crew-9 completed the agency's ninth commercial crew rotation mission to the International Space Station on Tuesday, splashing down safely in a SpaceX Dragon spacecraft off the coast of Tallahassee, Florida, in the Gulf of America, according to a NASA statement.

NASA Crew-9 astronauts Sunita Williams, Nick Hague, Butch Wilmore, and Russian cosmonaut Aleksandr Gorbunov. The White House stated that the astronauts safely returned in the Gulf of America, crediting Elon Musk for their safe return. «PROMISE MADE, PROMISE KEPT: President Trump pledged to rescue the astronauts stranded in space for nine months. Today, they safely splashed down in the Gulf of America, thanks to Elon Musk, SpaceX, and NASA!» Elon Musk congratulated the NASA and SpaceX teams on their successful return and thanked Trump for prioritising the mission. «Congratulations to the SpaceX and NASA teams for another safe astronaut return! Thank you to Donald Trump for prioritizing this mission!»