War Financial News

airlines are required to deploy an additional pilot. This typically means operating the flight with an augmented crew consisting of a captain and two first officers.The aviation safety regulator is conducting a safety assessment and could possibly agree to grant such exemptions, according to the official quoted above.

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On 9 March the union government issued an order under the Essential Commodities Act, 1955 that discouraged companies which receive pooled gas supplies from legally challenging its decision to divert natural gas to priority sectors.The move comes amid concerns over possible supply disruptions caused by the ongoing West Asia conflict, which has affected liquefied natural gas (LNG) shipments through the Strait of Hormuz.Mint explains what the order says, the legal basis for it, and whether courts can still entertain challenges from affected companies.The ministry of petroleum and natural gas issued the natural gas (supply regulation) order, 2026 to deal with potential LNG shortages. The order introduced a four-tier priority framework for allocating natural gas.

If proof were needed that even after decades of globalization, the world isn’t flat, Iran’s chokehold over the Strait of Hormuz is providing plenty. The opposing view might be summarized in four words, ‘The Revenge of Geography,’ the title of geopolitical analyst Robert Kaplan’s prescient book more than a decade ago.

These are sombre times for the world. The big conflict in West Asia is giving everyone the jitters. For readers of a business paper, the main questions would be related to its impact on markets.

The war in West Asia that has blocked supplies of crude oil, liquefied natural gas (LNG) and refinery products from the Gulf serves India a reality check on the soundness of relying on imported hydrocarbons for cooking food. It is high time we began to wean our kitchens off liquid petroleum gas (LPG) and piped natural gas (PNG); while LPG is essentially a mixture of propane and butane, PNG is mostly methane, like the compressed natural gas (CNG) that is used by vehicles as a low-carbon substitute for petrol and diesel. We should cook, instead, on electric stoves that run on power generated from domestic coal and renewables.Since we have our own coal, its supply cannot be disrupted by a war abroad.

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February data from the Association of Mutual Funds in India signals a rise in equity appetite. Funds investing in them saw an 8% bump-up in inflows from January to ₹25,977 crore, with mid- and small-cap funds in the lead; inflows into the former rose 26% and those in the latter surged 32%. Flexi-cap funds, which are quite popular, saw inflows decline, though not by much.

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War never brings good news. But the West Asian geopolitical crisis has halted an information technology (IT) sector-led sell-off in domestic office real estate investment trusts (Reits) as investors flock toward defensive, income-generating assets amid volatility.Reits have held up better than the broader market so far this year, falling around 2% on average year-to-date, while the benchmark Nifty 50 is down about 7%.Analysts attribute this resilience to the quasi-debt nature of these trusts.

New Delhi: Indian refiners have ramped up daily domestic production of liquefied petroleum gas (LPG) by around 10% in the past few days in the face of a supply squeeze from the US-Iran war, two people aware of the development said.The refiners have also secured 20 very large gas carriers (VLGC) carrying around 1 million tonne (mt) cargo, mostly from the US, the people said on condition of anonymity.However, the country is still short of another 20 VLGCs—totalling 2 mt—which Indian oil marketing companies (OMCs) have been scouting for since the war broke out on 28 February, these people added.“Production has already gone up by 10%,” the first person cited above said, adding that India is looking at sourcing more LPG from all available sources, including the US, Canada, Australia and Algeria.The second person said: “There was a shortfall of about 40 VLGCs, and 20 VLGCs have already been booked.

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National Aluminium Co. Ltd’s (Nalco) shares are up more than 8% since the West Asia conflict began as some aluminium producers in the region have been forced to suspend operations, creating a supply shortage.

After nine days of denial, the hard reality of an oil shock seems to have hit home. In the second week of joint US-Israel attacks on Iran, crude oil prices have leapt into three digits, with Brent within sniffing distance of $120 per barrel at one point. The oil spike battered stocks across Asia as plumes of smoke began to look like clouds of stagflation on the not-so-distant horizon.

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Mint explains.A report by US security research firm Soufan Center underlined that the US Department of War (formerly Department of Defense) used Anthropic’s Claude, embedded in Palantir’s battlefield intelligence suite Maven Smart System, to identify sharp targets during its strikes on Iran, called Operation Epic Fury. The uses also included simulating battlefield situations and strategies.

Indian rupee slid to a record low of ₹92.33 against the US dollar.While oil-marketing companies and air carriers will bear a direct brunt of the higher energy prices, others will face an indirect impact as oil prices feed into their input expenses. The Indian economy could take a hit if the inflationary effect of the conflict dents consumer demand.“India Inc will likely see a partial impact in the March quarter earnings for companies still operating on existing inventories, while the full effect could become more visible in the first quarter of the next fiscal year,” said Pramod Gubbi, founder of Marcellus Investment Managers, a portfolio management firm.If the Strait of Hormuz, through which a fifth of the global oil trade passes, remains closed for 2-6 weeks, it can push the three-month average Brent prices to $80-90, as per analysts at Nomura.

As the conflict in West Asia has nearly frozen all trade movement through the Strait of Hormuz, Indian law firms have seen a surge in queries from companies seeking clarity on whether they can invoke a rare clause to mitigate risk—force majeure.It is a contractual provision that allows a party to suspend or avoid its obligations if an unforeseen event outside its control makes performance impossible. These may include war, government restrictions or major disruptions to shipping routes, if specifically covered in the contract.“The energy sector is reaching out the most, especially companies importing LNG (liquefied natural gas) and crude who now face stranded cargoes and unreliable shipping schedules,” said Charanya Lakshmikumaran, executive partner at Laxmikumaran & Sridharan (LKS).“The shipping and logistics sector is next, dealing with mounting delays, higher war-risk premiums and rerouted vessels,” she said.

New Delhi: India has tightened access to domestic cooking gas as the escalating conflict in West Asia threatens fuel supplies and drives volatility in global energy markets.The Centre has prioritized household LPG (liquefied petroleum gas) consumption, and introduced a lock-in period between cylinder bookings, two people aware of the matter said.“The priority for LPG supply in this situation is domestic consumers. Further, in order to curb hoarding of cooking gas, a 25-day lock-in period has been implemented,” one of the two people mentioned above said on condition of anonymity.

crude oil was trading at a $6.86 per barrel discount to the May contract of $104.53 at the time of writing. On 27 February, a day before the war began, it was just the opposite: the June contract was at a slight premium of 39 cents to the May contract, which quoted at $72.48, as per Bloomberg.Such flipping of discounts between near and far months—backwardation or inversion in technical parlance—points to supply disruptions due to the West Asia war.

Indian equities endured a punishing, volatile start to the week. While the Sensex initially plummeted more than 2,400 points and Nifty 50 broke below the 23,800 support level on Monday, a late tug-of-war saw the Nifty fight back to reclaim the psychologically important 24,000 mark.This bruising session comes as the geopolitical landscape undergoes a dramatic shift.