The Times of India

Middle East tensions are disrupting LPG supplies, pushing Indian households towards ready-to-cook meals and frozen snacks. Retailers report a significant surge in demand for these alternatives, with some anticipating a lasting shift in consumer habits. Despite government efforts, shortages persist, driving interest in electric cooking solutions.

A drone strike hit a petroleum facility at the Port of Fujairah in the UAE. Emergency teams controlled the fire. No injuries were reported. This attack occurs amid escalating Middle East tensions. The port is a vital alternative route for oil exports, bypassing the Strait of Hormuz. Disruptions here could impact global energy markets.

The comments assume significance at a time when the US Supreme Court has struck down the tariffs that were imposed by the Trump administration, calling them illegal.

India's exports reached $76.13 billion in February 2026, showing strong growth. Imports rose even faster, leading to a wider trade deficit. For the fiscal year, exports are on track for growth. The country previously set a record in exports for the 2024-25 fiscal year. Challenges like the West Asia crisis may impact March exports.

Gold futures experienced a significant drop of Rs 2,225 to Rs 1.56 lakh per 10 grams, influenced by a stronger US dollar and weaker international markets. Analysts attribute the decline to rising energy prices and diminished expectations for Federal Reserve interest rate cuts, impacting investor sentiment and leading to outflows from gold-backed ETFs.

Citi has revised its Nifty target to 27,000 from the earlier estimate of 28,500. The new projection suggests a potential upside of about 17 percent from the indexs last closing level.

China has lodged formal objections with the US over new trade investigations into forced labor and excess industrial capacity, urging Washington to correct its erroneous ways. The probes, targeting 60 economies including China, come as trade negotiators meet in Paris. Beijing criticizes the investigations as political manipulation and discriminatory, while the US cites concerns over forced labor in Xinjiang.

Stock market recommendations: Sudeep Shah, Head - Technical Research and Derivatives, SBI Securities shares his view on Nifty, Bank Nifty and top sectors in focus amid the ongoing Middle East conflict and US-Iran war. Here is his view for the week starting March 16, 2026.

Gold price prediction today: Gold prices are supported by the underlying geopolitical negative sentiment but the gains are capped, says Manav Modi, Senior Analyst, Commodity Research at Motilal Oswal Financial Services Ltd.

President Trump criticized the Supreme Court's decision to invalidate his global tariffs, warning of trillions in losses and vowing to impose them in new forms. He thanked three justices for their stance while also criticizing Republican appointees for perceived disrespect and politicized rulings. The administration is exploring alternative legal avenues to recover lost tariff revenue.

West Asia war-induced supply chain disruptions are impacting AC production in India, with shortages of LPG and petrochemicals affecting manufacturing processes. Companies are facing challenges with raw material availability and price hikes, potentially leading to increased costs for consumers ahead of the peak summer season.

A small rocky island, Kharg Island, has become a focal point in US-Iran tensions due to its critical role in Iran's oil exports. US forces struck military installations on the island, deliberately sparing oil facilities to signal leverage without crippling Iran's economy.

Stock market today: Nifty50 and BSE Sensex ended in green, rallying in late afternoon trade. While Nifty50 went above 23,400, BSE Sensex ended over 900 points up, crossing the 75,000 mark.

Indian airlines are increasing ticket prices due to soaring aviation fuel costs, driven by Middle East geopolitical tensions. Akasa Air, following Air India and IndiGo, will implement fuel surcharges from March 15th, ranging from Rs 199 to Rs 1,300.

Pakistan grapples with an escalating economic crisis as Middle East conflict disrupts vital oil shipments through the Strait of Hormuz. Soaring fuel prices are impacting farmers, urban commuters, and households, forcing difficult choices. With the nation already financially strained, prolonged energy shortages threaten to destabilize its economy further, affecting daily life and traditional celebrations.

Iran has strategically prepared to leverage the Strait of Hormuz, employing asymmetric warfare with drones and missiles to disrupt global oil flows. This approach, learned from past conflicts, aims to inflict economic pain and pressure the US, rather than engage in direct confrontation. The strategy focuses on survival and demonstrating that coercion cannot force compliance.

India is exploring increased production of dimethyl ether (DME) as an alternative to LPG amid global oil market disruptions. A government research institute has established a pilot plant and plans to scale up DME output, a fuel scientists say can be used with existing LPG infrastructure, addressing supply challenges and rising prices.

Get ready for pricier flights as Middle East tensions escalate, driving up jet fuel costs significantly. Experts warn of inevitable fare hikes, especially on long-haul international routes, with some airlines already adjusting prices. Travelers are advised to book early and remain flexible to mitigate rising costs.

India's industrial sector faces disruption as commercial LPG shortages impact factory operations. Manufacturers report production hurdles, particularly in brazing and paint shops, while canteens are paring back menus. Companies are turning to electric alternatives and even firewood to cope with the 'hand-to-mouth' supply situation, with government intervention underway to prioritize household needs.

India is extending visas for foreign nationals affected by the Middle East conflict. Overstay penalties will be waived for those delayed until February 28. Exit permits will be issued free of charge. Temporary Landing Permits are also being granted to diverted flights. This comes as the conflict escalates, impacting regional travel and energy supplies.

Union Minister Piyush Goyal met with South Korean Trade Minister Yeo Han-Koo to bolster economic ties, boost investments, and deepen supply-chain collaboration. Both nations reaffirmed their commitment to enhancing trade, manufacturing, and exports, aiming for a mutually beneficial economic partnership. South Korea is a significant investor in India, with bilateral trade projected to reach $50 billion by 2030.

A TikTok US joint venture deal is expected to generate nearly $10 billion in payments for the Trump administration, according to The Wall Street Journal. This fee, paid by investors friendly to the administration, is part of an arrangement for them to control TikTok's US operations.

Iran has granted safe passage to two India-flagged LPG carriers through the Strait of Hormuz, a critical energy route. This assurance comes from Iran's Ambassador to India, who emphasized the strong friendship and shared interests between the two nations. The move occurs amidst regional tensions and follows Iran's criticism of US policy on Russian oil imports.

Amidst escalating Iran vs US-Israel war, Standard Chartered clarified reports of a Dubai office evacuation, stating it extended existing work-from-home measures as a precaution. The bank emphasised its regional operations remain active. This comes as other financial institutions also implement safety protocols, highlighting Dubai's crucial role as a financial hub facing geopolitical risks.