Gujarat Gas has slashed industrial gas supplies by 50% due to disruptions linked to the US-Iran conflict impacting regasified LNG availability. The company declared a Force Majeure event, citing circumstances beyond its control, as Qatar Energy’s LNG production halted. This development significantly affects Gujarat Gas, which relies heavily on imports, particularly from Qatar.Read More
Middle East tensions are driving up crude oil prices, impacting Indian energy stocks like ONGC and Oil India. Escalating attacks and potential disruptions in the Strait of Hormuz could significantly boost oil prices, raising India’s import bill and inflation risks. Analysts warn of substantial price hikes if the conflict widens.Read More
Gold and silver surged on MCX on Wednesday amid escalating U.S.-Israel strikes on Iran, boosting safe-haven demand. MCX April gold rose above Rs 1.63 lakh per 10 grams, while May silver jumped to Rs 2.71 lakh per kg. Analysts advise caution, citing high volatility and recommending investors wait for market stability before trading.Read More
Following U.S. and Israeli strikes, Iranian crypto exchanges saw a significant surge in outflows, exceeding $2 million in one hour. Researchers noted an eightfold increase in peak hourly outflows from Nobitex, suggesting ordinary Iranians and potentially state-aligned actors moved funds amid rising geopolitical risks, possibly representing capital flight.Read More
Escalating Middle East conflict sent global markets into a tailspin Tuesday, with cash emerging as the undisputed king. Investors dumped gold, bonds, and stocks, seeking refuge in the U.S. dollar and oil. This dramatic shift, driven by geopolitical uncertainty, saw traditional safe havens falter as volatility surged across asset classes.Read More
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