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West Asia War Approaches One Week Mark; Iran Condemns US Warship Strike; Government Rules Out Fuel Cuts
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West Asia War Nears Week, Iran Slams US; India Rules Out Fuel Cuts, Markets Rebound
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CNBC TV18
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05-03-2026, 22:00
West Asia War Nears Week, Iran Slams US; India Rules Out Fuel Cuts, Markets Rebound
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West Asia conflict nears a week, economist Jeffrey Sachs warns of global economic crisis without emerging economies' intervention.
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Iran's Foreign Minister Abbas Araghchi states US will "bitterly regret" sinking an Iranian warship off Sri Lanka.
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Indian government sources rule out fuel supply disruptions or pump price hikes for retail consumers despite global energy volatility.
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Indian equity markets rebound sharply, with Sensex surging 900 points and Nifty snapping a three-day losing streak.
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US indicates India-US trade deal is close to completion, potentially unlocking new economic opportunities.
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