All posts tagged: Disruptions

India, Australia stress maritime security amid West Asia conflict, deepen defence ties

India, Australia stress maritime security amid West Asia conflict, deepen defence ties

Published by Webster

India and Australia on Monday underscored the importance of freedom of navigation, overflight and unimpeded maritime trade amid disruptions in energy supply chains following the West Asia crisis. During wide-ranging talks in New Delhi, Defence Minister Rajnath Singh and Australian Deputy Prime Minister Richard Marles announced that the two countries would begin developing an MoU regarding the provision of defence articles and services as the next step. Disclaimer: We do not own any of the content, ideas, images, or text presented here. All rights belong to their respective owners. For more information and to view the original source, please visit the following link: Source link

Strait of Hormuz disruptions not distant events, have direct implications for India: Rajnath in Germany

Strait of Hormuz disruptions not distant events, have direct implications for India: Rajnath in Germany

Published by Parlour News

Union Defence Minister Rajnath Singh addresses German Parliamentarians during a high-level meeting at the German Parliament, in Berlin on April 21, 2026. Photo: X/@SpokespersonMoD In the backdrop of the ongoing West Asian conflict, Defence Minister Rajnath Singh has said disruptions in the Strait of Hormuz are not distant events, they are stark realities with direct implications for India’s security and economic stability. Addressing the German Parliamentary Standing Committee on Defence and Security on day one of his three-day visit to the country, he also asserted that the world today is faced with new security threats, and the technological transformation has made the situation highly complex and intricately connected. Published – April 22, 2026 09:58 am IST Disclaimer: We do not own any of the content, ideas, images, or text presented here. All rights belong to their respective owners. For more information and to view the original source, please visit the following link: Source link

Air India group to run 42 flights amid West Asia disruptions on April 4

Air India group to run 42 flights amid West Asia disruptions on April 4

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In a bid to maintain crucial air connectivity amid prevailing conditions in the region, Air India and its subsidiary Air India Express will together operate a total of 42 scheduled and non-scheduled flights to and from West Asia on April 4. Of these, 26 non-scheduled (ad hoc) flights will be deployed to and from various airports in the United Arab Emirates (UAE). These additional services are subject to slot availability and other operational conditions at the departure stations. All flights are being operated with necessary approvals from Indian authorities as well as local regulatory bodies in the UAE. According to the detailed summary released by the airline group: UAE: No scheduled operations, but ad hoc flights are planned from several Indian cities. Dubai: Air India from Delhi; Air India Express from Delhi. Abu Dhabi: Air India Express from Delhi, Kochi, Kozhikode, Mangalore, and Mumbai. Ras Al Khaimah: Air India Express from Kochi, Kozhikode, and Lucknow. Sharjah: Air India Express from Amritsar, Kannur, and Tiruchirappalli. Al Ain: No operations. Oman: Scheduled services continue to Muscat by …

Centre rolls out duty cuts to help SEZ units amid Iran war disruptions

Centre rolls out duty cuts to help SEZ units amid Iran war disruptions

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The Central Board of Indirect Taxes and Customs (CBIC) on Wednesday introduced a one-time relief measure for Special Economic Zone (SEZ) units, allowing them to sell goods in the Domestic Tariff Area (DTA) at concessional duty rates amid global trade disruptions, reported news agency IANS. Relief Measure Announced in Budget 2026-27 The move follows the Union Budget 2026–27 announcement aimed at supporting manufacturing units in SEZs affected by supply chain disruptions linked to geopolitical tensions, including the Iran conflict. The relief has been implemented through an exemption notification under the Customs Act, 1962 and will remain in effect from April 1, 2026, to March 31, 2027. Concessional Duty Rates for SEZ Units Under the new framework, SEZ units can sell goods domestically at reduced customs duty rates. Duties of 20 per cent have been cut to 12.5 per cent, while those in the 20–30 per cent range have been reduced to 15 per cent, reported IANS. Similarly, duties ranging between 30 and 40 per cent have been lowered to 20 per cent, offering significant cost …

Over 5.72 lakh Indians return from West Asia amid airspace disruptions

Over 5.72 lakh Indians return from West Asia amid airspace disruptions

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Around 5,72,000 passengers have returned from the West Asia region to India and with the Qatar airspace partially open, around 8–10 non-scheduled commercial flights are expected to operate to the country on Tuesday, the government said.  In the UAE, around 85 flights are expected to operate across the day. Limited non-scheduled flights continue based on operational and safety considerations. Flights continue to operate from Oman and Saudi Arabia to India, according to the Ministry of External Affairs (MEA). Kuwait and Bahrain airspaces remain closed. Special non-scheduled commercial flights are operating from Dammam Airport in Saudi Arabia to various destinations in India. “In view of the airspace closure in Iran, travel of Indian nationals is being facilitated through Armenia and Azerbaijan. In view of airspace restrictions in Israel, travel of Indian nationals is being facilitated via Egypt and Jordan,” said the ministry. In view of the airspace closure in Iraq, travel of Indian nationals is being facilitated through Jordan and Saudi Arabia, it added. Regular contact is being maintained with the Indian community in the region, …

‘Serious consequences’: Putin likens disruptions from US-Iran war to COVID-19 pandemic

‘Serious consequences’: Putin likens disruptions from US-Iran war to COVID-19 pandemic

Published by Parlour News

Amid the global disruption brought forth by the war in West Asia, Russian President Vladimir Putin on Thursday stated that the consequences from the ongoing war between US, Israel and Iran could be likened to the same level as the COVID-19 pandemic six years ago. The ongoing conflict, as per Putin, is causing significant damage to international logistics, production and supply chains. (REUTERS) The ongoing conflict, as per Putin, is causing significant damage to international logistics, production and supply chains. The Russian president added that the US-Iran war was also putting intense pressure on hydrocarbon, metals and fertiliser companies. “The consequences of the conflict in the Middle East are still difficult to accurately predict,” Putin told business leaders in Moscow. Putin further said that it was hard to predict the consequences of the conflict, adding that “those involved in the conflict also cannot predict anything themselves.” Also Read | ‘Lockdown in India’ among top searches today. Reason: Covid memories, Iran war “It seems to me that those who are involved in the conflict cannot predict …

Oil companies say India has enough fuel after PM asks country to ‘be prepared’ over Iran war disruptions| India News

Oil companies say India has enough fuel after PM asks country to ‘be prepared’ over Iran war disruptions| India News

Published by Parlour News

Amid disruptions in global energy supplies and fears of strict measures over shortage of fuel and gas due to the US-Iran war, oil companies on Wednesday dismissed rumours of petrol-diesel shortage saying that India has adequate reserves. PM Modi’s Rajya Sabha speech (Sansad TV/ANI Video Grab) The February 28 US-Israeli strikes on Iran sparked a war that has not just affected the Gulf region but the entire world, with key waterway Strait of Hormuz being virtually closed off. A fifth of world’s gas and fuel requirements reportedly travel through the Strait of Hormuz that Iran’s retaliation has choked. Amid tankers carrying gas and crude oil being stranded or delayed due to the chokehold on the Strait of Hormuz, questions have been growing around what steps the government would take to cater to the global crisis, so much so that some have even wondered if there could be lockdown-like measures. Oil companies dismiss fuel shortage rumours Addressing the growing speculation and fears, Indian oil companies Bharat Petroleum Corp. Ltd (BPCL), Hindustan Petroleum Corporation Limited (HPCL), and …

PM Modi flags global energy shock, shipping disruptions amid West Asia conflict| India News

PM Modi flags global energy shock, shipping disruptions amid West Asia conflict| India News

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Prime Minister Narendra Modi on Tuesday told the Rajya Sabha that the ongoing conflict in West Asia has triggered a serious global energy crisis and disrupted key trade routes, with direct implications for India’s economy and supply chains. The prime minister underlined India’s push towards reducing excessive dependence on external sources in critical sectors. (PTI photo) Speaking in the Upper House, PM Modi said the crisis has affected the movement of goods and led to uncertainty in the supply of essential commodities such as petrol, diesel, gas and fertilisers. “This situation is a matter of concern for India as well,” he said, noting that the war has already begun to impact commercial shipping lanes. PM Modi described as “unacceptable” any attempt by Iran to block maritime traffic through the Strait of Hormuz, a critical chokepoint for global oil shipments. He said India has engaged with all stakeholders through diplomatic channels and successfully facilitated the movement of Indian vessels out of the affected zone. Also Read: PM Modi condemns attacks on Kuwait, stresses free navigation in Hormuz …

Govt launches package for exporters to mitigate disruptions| India News

Govt launches package for exporters to mitigate disruptions| India News

Published by Parlour News

Amid heightened security concerns around the Strait of Hormuz and deteriorating global geopolitical situation due to the war in West Asia, the government launched a ₹497 crore relief package for exporters to mitigate the immediate impact of logistics disruptions and safeguard related employment. The move comes amid heightened security concerns around the Strait of Hormuz. (REUTERS) The intervention, RELIEF or Resilience and Logistics Intervention for Export Facilitation, comprises three complementary components covering consignments destined to countries in West Asia, such as the United Arab Emirates (UAE), Saudi Arabia, Kuwait, Israel, Qatar, Oman, Bahrain, Iraq, Iran and Yemen, meant either for delivery or for transshipment, the commerce ministry said in a statement. The first intervention pertains to the exporters, who have ECGC credit insurance cover for eligible consignments. They will benefit from up to 100% risk coverage, over and above the existing ECGC cover, during the eligible period (February 14 to March 15), thereby ensuring enhanced protection without additional financial burden, it said. The second one is for exporters planning upcoming consignments during the next three …

Crude oil prices rebound amid West Asia war concerns over supply disruptions

Crude oil prices rebound amid West Asia war concerns over supply disruptions

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Amid the escalating West Asia War, crude oil prices once again rebounded by Rs 261 to Rs 8,981 per barrel in futures trade on Tuesday. The surge happened amid firm global trends and uncertainty over supply disruptions due to the ongoing conflict in West Asia. As reported by PTI, crude oil on the Multi Commodity Exchange (MCX) for March delivery increased by Rs 261, or 3 per cent, to Rs 8,981 per barrel in a business turnover of 12,183 lots.  However, earlier on Monday, it declined by Rs 332, or nearly 4 per cent, to close at Rs 8,720 per barrel. The April contract also appreciated by Rs 305, or 3.52 per cent, to Rs 8,978 per barrel in 13,778 lots. In the previous session, it had dipped by Rs 270, or 3 per cent, to settle at Rs 8,673 per barrel on the MCX. Expert opinion Analysts, while expressing their views on crude oil prices, said that the rebound after a sharp correction in the previous session continues to weigh on evolving geopolitical developments …