Evening news wrap: Middle East tensions escalate; 3 F-15s crash in Kuwait, Indian national killed in Oman and more | India News

Here are the top 5 news stories of the day:

US confirms three F-15s crashed in Kuwait, says jet downed by accident

The war between Iran, Israel, and the United States escalated sharply. Militias backed by Iran and Tehran fired missiles at Israel and several Arab states, reportedly hitting the US embassy compound in Kuwait. The US military said Kuwait “accidentally” shot down three American F-15E jets during a combat mission amid incoming Iranian missiles and drones. Additionally, two drones flying towards a British military base in Cyprus were successfully intercepted, a Cypriot government spokesman said. Follow the live updates

Indian national killed in oil tanker attack off Oman coast

An Indian citizen was killed in an attack on an oil tanker off the coast of Oman. The vessel MKD VYOM struck about 52 nautical miles off Muscat Governorate amid rising tensions in the Gulf region. According to Oman’s Maritime Security Center, the tanker, flying the flag of the Marshall Islands and carrying about 59,463 metric tons of cargo, was rammed by an unmanned boat. The attack caused an explosion in the engine compartment and set the ship on fire. Read the full story

PM Modi called for dialogue and diplomacy middle east Excitement rises

Prime Minister Narendra Modi has expressed deep concern over rising tensions in West Asia, with large-scale US and Israeli military action against Iran leading to the assassination of Supreme Leader Ayatollah Ali Khamenei. In a joint statement with Canadian Prime Minister Mark Carney, Modi described the situation in the region as a matter of “grave concern” for India. He added that New Delhi would engage with West Asian countries to protect Indian citizens living and working there, reiterating India’s commitment to ensure the safety of its citizens amid the emerging crisis. Read the full story

India has suffered an economic shock as conflict escalates in West Asia

The US-Israel conflict with Iran poses an immediate economic risk to India, largely due to its heavy reliance on oil and gas imports from the Middle East. Any disruption in the Strait of Hormuz could lead to higher crude prices, higher current account deficits and higher fuel inflation. Indian markets have already reacted with equities falling and the rupee weakening amid concerns over rising energy costs. A prolonged crisis could also disrupt supply chains, raise freight and insurance costs and affect remittances from the Gulf – the main source of income for many Indian households. Strategically, continued instability in the region complicates India’s relations with Israel, Iran and its Gulf partners. Read the full story

Crude oil could hit $100 if Strait of Hormuz closes amid Middle East tensions

Escalating tensions in the Middle East have reignited fears of a major oil shock, with markets closely watching whether crude prices could climb towards $100 a barrel. The US-Israeli dispute with Iran has raised concerns about supply disruptions, especially after American airstrikes increased uncertainty around shipments passing through the strategically important Strait of Hormuz. Given oil’s central role in powering the global economy, any sharp price increase could quickly translate into higher global inflation.Although Iran produces about 3% of global crude output – more than 3 million barrels per day and ranks as OPEC’s fourth-largest producer – its geographic location gives it additional influence over regional energy flows. The big risk for the market is not only Iranian production, but the possibility of a prolonged disruption to Gulf exports, which could significantly tighten global supplies and push prices sharply higher. Read the full story