Vladimir Putin met Abbas Araghchi in Moscow on Monday, reaffirming Russia’s commitment to maintaining strong strategic relations with Iran amid escalating tensions in West Asia. During the meeting, Putin emphasized that Russia would continue to act in ways that serve the interests of Iran and the broader

India growth slowdown: oil price surge impacts economy India growth slowdown has become a major concern after crude oil prices crossed $100 per barrel following tensions linked to the Iran conflict. The sharp increase in energy costs is already affecting corporate earnings and is expected to impact the FY27 outlook, according to analysts tracking the India economy slowdown. The rising oil price surge is not seen as a short-term issue. Higher crude oil prices are likely to continue putting pressure on multiple sectors including consumer, auto, and financial industries. JP Morgan has warned that supply disruptions and elevated energy costs India could persist for months, even after a ceasefire, delaying full normalization. The firm has reduced its FY27 earnings forecast by 2–10 percent across major sectors, highlighting the growing risks to corporate earnings India. Experts point out that the impact will be visible in different ways. Companies may face margin compression, reduced demand, and operational challenges, while consumers may experience the effects through higher prices and inflation India. These combined factors are expected to slow overall economic momentum. Market estimates show that Nifty EPS growth could drop sharply from earlier expectations of around 15 percent to nearly 7–8 percent if crude oil prices remain high. Key industries such as automobiles, oil and gas, and airlines are likely to be the most affected due to their heavy dependence on fuel. Despite these pressures, India Inc revenue growth remains stable, but the growth pattern is shifting from volume-driven to price-led expansion. This means companies are increasing prices to maintain revenues, a strategy that may not be sustainable if inflation continues to rise. West Asia continues to play a crucial role in India’s economy. The region accounts for a significant share of exports and remittances, making India highly sensitive to disruptions in West Asia trade and income flows. Any prolonged instability could further deepen the India growth slowdown. Investor sentiment has also weakened amid global uncertainty. Foreign portfolio investors have turned net sellers, with total FPI outflows reaching nearly ₹1.68 trillion since early 2026, reflecting concerns over geopolitical risks and economic stability.

The US Iran conflict has entered a critical phase as Iran’s Defence Ministry claimed that the United States is seeking a “face-saving” way to exit the war, even as Washington sends a delegation to Pakistan for peace talks. The statement highlights growing diplomatic activity alongside rising military tensions in West Asia, with Pakistan emerging as a key mediator in the crisis. According to Iranian media reports, a defence ministry spokesperson said that Iran’s military strength has become dominant in the region, forcing the United States to look for a way out of what it described as a prolonged and difficult conflict. The remarks come at a time when US envoys Steve Witkoff and Jared Kushner are heading to Pakistan for discussions that the White House said would include talks with Iranian representatives. However, Iran has publicly denied plans for direct negotiations with the United States. Iranian Foreign Minister Abbas Araghchi arrived in Islamabad for an official visit and is scheduled to meet senior Pakistani officials. Iranian Foreign Ministry spokesperson Esmaeil Baqaei clarified that the visit is focused on consultations with Pakistan as part of its mediation efforts and not on direct dialogue with the US. He added that Iran’s position would be communicated through Pakistani channels. The diplomatic developments unfold against a backdrop of intensifying West Asia tensions, particularly around the Strait of Hormuz, a vital global oil route. The United States has significantly increased its military presence in the region, deploying three aircraft carrier strike groups, marking the largest such deployment since the Iraq war in 2003. According to US Central Command, the deployment includes more than 200 aircraft and around 15,000 personnel. As both diplomatic and military activities escalate, uncertainty remains over whether meaningful progress toward de-escalation can be achieved. While Pakistan continues its mediation role, the absence of direct Iran-US talks suggests that a resolution may still be distant, keeping the region on edge.

The United States has issued a fresh month-long sanctions waiver permitting transactions involving Russian crude oil already in transit, marking a notable policy reversal within days of signaling a stricter stance. The waiver allows purchases of oil loaded onto vessels as of April 17 to continue until May 16, providing limited flexibility to global buyers amid ongoing disruptions in the energy market. The decision comes shortly after earlier statements ruled out any extension, highlighting the pressure created by rising fuel costs and tightening supply conditions. With gasoline prices climbing and geopolitical tensions affecting key supply routes, the move reflects an effort to stabilize markets rather than signal a broader policy shift. Importantly, the waiver applies only to cargo already at sea and does not authorize new purchases, reinforcing its temporary and targeted nature. For India, one of the largest importers of Russian crude, the extension offers short-term operational relief. Russian supplies currently account for nearly 38 to 40 percent of India’s total crude imports, making them a critical component of the country’s energy mix. Given that India relies on imports for more than 88 percent of its energy needs, even minor disruptions can have significant economic implications. Indian refiners had previously indicated their intent to continue sourcing Russian oil regardless of external sanctions frameworks, emphasizing that energy procurement remains a sovereign decision. The waiver, however, reduces immediate logistical and financial uncertainties by ensuring smoother completion of shipments already underway. As geopolitical tensions continue to reshape global energy flows, the temporary waiver underscores the balancing act between policy objectives and market realities. For India, it reinforces the importance of maintaining diversified supply channels while navigating an increasingly complex international energy landscape.

As geopolitical tensions in West Asia continue to disrupt global oil and gas markets, India is showing greater structural resilience compared with past crises, driven by a steady shift in how it produces and consumes energy. Data published in the Reserve Bank of India’s March Bulletin indicates that renewable sources accounted for 26.4 percent of India’s total electricity generation as of January 2026, rising from 22.1 percent in January 2025. This increase reflects a broader tran

India is set to continue importing Russian crude oil and Liquefied Petroleum Gas (LPG) even after the expiration of the 30-day sanctions waiver granted by the United States on April 11, 2026. Officials indicated that the country’s energy import strategy is guided by sovereign priorities and commercial considerations rather than external sanctions frameworks. Indian refineries are expected to maintain their existing procurement approach by sourcing supplies from non-sanctioned entities and c

United States President Donald Trump on Thursday said he had a “very good conversation” with Indian Prime Minister Narendra Modi, describing the discussion as constructive and reaffirming strong ties between the two nations. The leaders spoke for approximately 40 minutes, focusing on regional security

Narendra Modi emphasized the need for diplomacy over military confrontation during a joint press conference with Christian Stocker in New Delhi, underscoring that armed conflicts in regions such as Ukraine and West

Reports indicate that a ceasefire between Israel and Hezbollah could be announced within days, according to Lebanese officials. The ceasefire is expected to come after Israeli ground forces complete their mission to capture the southern Lebanese town of Bint Jbeil, a stronghold of Hezbollah. Israeli Prime Minister Benjamin Netanyahu confirmed on April 15 that Israeli troops were “about to defeat” Hezbollah in the area. The potential truce marks a complex and pivotal moment in th

India reaffirmed its strategy of sourcing oil from a wide range of suppliers to safeguard its energy needs amid ongoing geopolitical tensions affecting global trade routes. Speaking at an inter-ministerial briefing in New Delhi on Wednesday, April 15, 2026, at 6:29 PM IST, Ministry of External Affairs spokesperson Randhir Jaiswal emphasized that the country’s approach is guided by the need to ensure energy security for its population of 1.4 billion while adapting to evolving internati

The International Monetary Fund (IMF) has revised its growth projections for India, forecasting a robust 6.5% growth for both 2026 and 2027, despite the global economic disruptions caused by the ongoing war in West Asia. India remains the fastest-growing major economy, although the IMF's global growth forecast has been downgraded to 3.1% for 2026, a decline from its January projection. The IMF report highlights the toll the war has taken on global markets and supply chains, especially in sect

A new report from Policybazaar highlights a significant rise in term insurance purchases by non-resident Indians (NRIs), with overall demand doubling over the past two years and younger buyers playing an increasingly central role in the trend. According to the findings, individuals between the ages of 25 and 35 now account for 54% of total demand, up from 44% in 2024. This shift underscor

Indian Prime Minister Narendra Modi held a phone conversation with U.S. President Donald Trump on Tuesday, April 14, 2026, marking their first discussion since a ceasefire between the United States and Iran took effect on Tuesday, April 8, 2026, following nearly 39 days of intense conflict that disrupted ener

U.S. President Donald Trump on Sunday, April 12, 2026, warned that the United States could impose steep new tariffs on China if Beijing is found to be providing military assistance to Iran during the ongoing West As

Port Louis, Mauritius — Mauritius Foreign Minister Dhananjay Ramful announced that India is expected to supply approximately 1.2 million tonnes of petroleum products annually to the island nation, as global supply chains remain strained due to the ongoing conflict in West Asia. The agreement, currently in the form of a memorandum of understanding with the Government of India, is pending final approva

More than 10,000 flights operated by Indian carrie

Missile strikes by United States and Israeli forces have reportedly targeted Iran’s strategically vital Kharg Island, significantly escalating tensions in West Asia. According to Iran’s Mehr News, the strikes were reported on Tuesday, April 7, 2026, marking a critical development in the ongoing military campaign known as Operation Epic Fury. Kharg Island, often described as Tehran’s economic lifeline, handles nearly 90% of Iran’s crude oil exports, making it central to globa

On April 5, 2026, Subrahmanyam Jaishankar held crucial telephonic discussions with Sheikh Mohammed bin Abdulrahman bin Jassim Al Thani and

India’s government on Thursday, April 2, 2026 (IST), said there have been no discussions with Iran regarding the imposition of tolls on Indian ships transiting the Strait of Hormuz, dismissing recent reports circulating amid heightened tensions in West Asia. Speaking at a media briefing in New Delhi, Ministry of External Affairs spokesperson Randhir Jaiswal stated that no such proposal has been discussed between the two countries, countering speculation that had raised concerns over shipping c

Prime Minister Narendra Modi is set to chair an extended meeting of the Cabinet Committee on Security (CCS) on 1st April 2026 at 7 pm, aiming to review the ongoing situation in West Asia and its potential consequences for India’s energy security, supply chains, and overall macroeconomic stability. The meeting comes shortly after the March 22 review, where the government conducted an assessment of essential commodities like food, fertilisers, fuel, and power in light of the escalating confli