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Iran threatens to strike Gulf power plants after Trump ultimatum

TEL AVIV/JERUSALEM/WASHINGTON, March 23 (Reuters) – Iran will attack Israel’s power plants and plants supplying U.S. bases in the Gulf if President Donald Trump carries out his threat to “obliterate” Iran’s power network, the country’s Revolutionary Guards said in a statement ​on Monday. The statement seemingly retracted earlier threats to desalination plants in the region, which are crucial for providing drinking water in Gulf countries. “The lying … U.S. President has claimed that the Revolutionary Guards ‌intends to attack the water desalination plants and cause hardship to the people of the countries in the region,” said the statement shared on

Silver hits lower circuit in futures trade, plunges 9 pc to Rs 2.06 lakh/kg amid weak global cues

New Delhi (PTI): Silver prices nosedived to hit their lower circuit in futures trade on Monday, tumbling by Rs 20,409 to Rs 2.06 lakh per kilogram amid weak global trends and sustained selling pressure. On the Multi Commodity Exchange, silver for May delivery slumped Rs 20,409, or 9 per cent, to Rs 2,06,363 per kilogram, its lower circuit limit. Analysts said the sharp fall came despite escalating tensions in West Asia, as broader macroeconomic factors weighed heavily on precious metal prices. Silver prices have fallen sharply on Monday despite escalating West Asian tensions due to overriding macroeconomic pressures, Hareesh V,

International Energy Agency head says global economy faces ‘major, major threat’ because of Iran war

WELLINGTON, New Zealand, March 23, 2026 (AP) — The head of the International Energy Agency said Monday that the global economy faces a “major, major threat” because of the Iran war. “No country will be immune to the effects of this crisis if it continues to go in this direction,” Fatih Birol told Australia’s National Press Club in Canberra on Monday. He said the crisis in the Middle ⁠East has had a worse combined impact than the two oil shocks of the 1970s and the effect on gas markets of the Russia-Ukraine war. His comments came as Israel launched a

Gold futures plunge Rs 8,089 to Rs 1.36 lakh/10g on global selloff, inflation fears

New Delhi, Mar 23 (PTI) Gold prices plunged sharply by Rs 8,089 to Rs 1.36 lakh per 10 grams in futures trade on Monday, tracking a global selloff amid rising inflation fears and a firm US dollar. On the Multi Commodity Exchange, the yellow metal for April delivery slumped by Rs 8,089, or 5.6 per cent, to Rs 1,36,403 per 10 grams. Last week, gold had dropped Rs 13,974, or 8.82 per cent, to close at around Rs 1.44 lakh per 10 grams on the commodities bourse. Analysts said the precious metal opened with a sharp gap down and is

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