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Gulf countries concerned about risk of Iran civil war, says EU’s foreign chief

BRUSSELS, March 5 (Reuters) – Countries in the Middle East ​have told European officials they are concerned about the risk of ‌civil war in Iran as a result of the conflict between Tehran and the United States and Israel, EU foreign chief Kaja Kallas said on Thursday. “When we talk to ​the countries in the region, they are also worried about civil ​wars inside Iran because of the regime’s leadership and what is going on there,” ⁠she said ahead of a video conference with EU foreign ministers and ​representatives of the Gulf Cooperation Council on the situation in Iran and

Pakistanis fleeing Iran describe strikes shaking ground under their feet

QUETTA, Pakistan, March 5 (Reuters) – Pakistanis fleeing ​Iran described explosions and missile strikes across Tehran shaking the ground under their feet and engulfing buildings ‌in fire and smoke in a city emptied of many of its residents. The conflict has widened sharply, with a U.S. submarine sinking an Iranian warship off Sri Lanka on Wednesday and NATO air defences destroying an Iranian missile fired towards Turkey. Governments have been scrambling to evacuate stranded citizens, ​with most of the region’s airspace closed due to the risk of missiles hitting passenger planes. “I was ​in the classroom when a powerful explosion

Iran war to weigh more on Indian growth than inflation, keeping interest rates low

MUMBAI, March 5 (Reuters) – The U.S. and Israel’s attack on Iran is expected to weigh more on India’s economic growth than its inflation, which will encourage the Reserve Bank of India to keep interest rates low, three sources familiar with policymakers’ thinking and analysts said. The conflict, which has rippled out across much of the Middle East, has pushed up oil prices by about 15%, ​disrupted gas flows from the region and triggered selloffs in Indian equity, debt and currency markets, with the rupee hitting a record low and bond yields rising due to ‌concerns about India’s current account

Rupee rebounds from lowest level to settle 45 paise higher at 91.60 against US dollar

Mumbai, Mar 5 (PTI) The rupee rebounded from its lowest level and settled with a gain of 45 paise at 91.60 (provisional) against US dollar on Thursday on the back of a buying trend in domestic equity markets and reports of Reserve Bank intervention. According to forex analysts, the Reserve Bank seems to have intervened to help the local currency from extreme volatility due to uncertainties on the ongoing war involving the US, Israel and Iran. However, a firm dollar, rising crude oil prices and intense withdrawal of foreign funds kept the rupee under pressure, they said. At the interbank

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