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India’s oil imports are flowing smoothly through alternative routes, assuring citizens of uninterrupted energy supplies amid Middle East conflict. Minister Hardeep Singh Puri confirmed “full flow from all non-Hormuz routes,” alleviating concerns about availability, affordability, and sustainability. Qatar has also assured immediate resumption of LNG supplies once the shipping route reopens.

Indian stock markets experienced a significant downturn last week, with the top ten most valuable companies collectively shedding over Rs 2.8 lakh crore. Escalating geopolitical tensions and rising crude oil prices impacted investor sentiment, leading to broad-based selling. State Bank of India saw the steepest decline, while only Reliance Industries and Infosys managed to post

Prime Minister Narendra Modi has inaugurated and laid the foundation stone for infrastructure projects worth Rs 33,500 crore in Delhi. This includes two new Delhi Metro corridors, totaling over Rs 18,300 crore, aimed at enhancing public transport and connectivity. The event also features the foundation stone laying for three new metro routes under Phase V-A

India’s energy security is bolstered by over 250 million barrels of oil reserves, sufficient for nearly two months. Diversified crude imports from 40 countries and a reduced reliance on the Strait of Hormuz mitigate geopolitical risks. India continues to import Russian oil, complying with G7 price caps, while domestic ethanol blending and expanded refining capacity

Foreign portfolio investors divested nearly Rs 21,000 crore from Indian equities in the first week of March, driven by escalating Middle East tensions and a weakening global risk appetite. This follows a strong February inflow, with analysts citing geopolitical risks, rupee depreciation, and rising US Treasury yields as key factors influencing the outflows.

The US has granted India a temporary waiver to purchase Russian oil stranded at sea, aiming to stabilise global supplies amid West Asian conflict disruptions. This move, praised by US Treasury Secretary Scott Bessent, allows India to ease short-term supply pressures while maintaining its commitment to reducing sanctioned Russian oil imports.

Emirates NBD is waiving ATM withdrawal fees across the UAE and GCC until March 31, 2026, to ease financial access amid regional disruptions. This move also includes free debit card replacements and delivery, offering crucial support to stranded travelers and residents navigating travel uncertainties. The initiative aims to ensure uninterrupted access to funds during a

Amidst Middle East geopolitical tensions, India is bolstering energy security by exploring alternative sources, with Australia and Canada offering additional gas supplies. The nation’s diversified import routes, with only 40% of crude passing through the Strait of Hormuz, ensure stable energy availability despite disruptions.

Global oil prices have surged dramatically this week. The ongoing conflict involving Iran has intensified, raising fears of prolonged energy supply disruptions from the Middle East. Key energy routes and facilities are disrupted. This has pushed oil and gas prices higher across global markets. Consumers and businesses are facing rising fuel costs.