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Pentagon seeks $200 billion in additional funds for the Iran war, AP source says

WASHINGTON, March 19, 2026 (AP) — The Pentagon is seeking $200 billion in additional funds for the Iran war, a senior administration official says. The department sent the request to the White House, according to the official, who spoke on condition of anonymity to discuss the private information. It’s an extraordinarily high number and comes on top of extra funding the Defense Department already received last year in President Donald Trump’s big tax cuts bill. Congress is bracing for a new spending request but it is not clear the White House has transmitted the request for consideration. It is unclear

Silver crashes Rs 17,800/kg, gold dives Rs 7,000 on global selloff

New Delhi, Mar 19 (PTI) Silver prices tanked Rs 17,800 to Rs 2.38 lakh per kilogram in the national capital on Thursday, while gold dropped Rs 7,000 to Rs 1.53 lakh per 10 grams following a sharp selloff in global commodity markets. According to the All India Sarafa Association, the white metal slumped by Rs 17,800, or nearly 7 per cent, to Rs 2,38,700 per kg (inclusive of all taxes) from Wednesday’s closing level of Rs 2,56,500 per kg. Silver has now declined sharply by Rs 1,65,800 per kilogram, or 41 per cent, from its lifetime high of Rs 4,04,500

Iran intensifies attacks on oil and gas facilities in the Gulf after Israeli strike on key gas field

DUBAI, United Arab Emirates, March 19, 2026 (AP) — Iran intensified its attacks on oil and gas facilities around the Gulf on Thursday, dramatically raising the stakes in a war that is sending shock waves through the global economy. The strikes, in retaliation for an Israeli attack on a key Iranian gas field, sent fuel prices soaring and risked drawing Iran’s Arab neighbors directly into the conflict. Tehran’s targeting of energy production further stressed global supply already under pressure because of Iran’s stranglehold on the Strait of Hormuz, a strategic waterway through which a fifth of the world’s oil is

India’s auto boom at risk as Iran-Israel war chokes gas supplies, straining supply chains

NEW DELHI, March 19 (Reuters) – India’s ​automakers and parts suppliers are bracing for production slowdowns and assembly-line disruptions as the Iran conflict chokes gas availability, threatening ‌growth in the world’s third-largest car market. Some parts suppliers to India’s leading carmakers like Maruti Suzuki, Tata Motors and Mahindra are already reporting a shortage of gas to power operations, an early sign that supply chain issues are developing, according to two dozen executives at car companies, part makers and dealers. The disruption comes at a time when India’s ​car demand is soaring to record levels, with sales expected to cross 4.5

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