Topic
geopolitical risks
Commodities MRPL diversifies crude sourcing to strengthen supply security amid geopolitical risks
Mangalore Refinery and Petrochemicals Ltd (MRPL) has diversified its crude oil sourcing to 273 grades from Asia, South America, Africa, the US and Russia, processing new crudes like Hout, Mostarda, Gindungo and Sarir Mesla. The strategy, detailed in MRPL's 2025-26 annual report, aims to reduce dependency on any single source and enhance supply security amid geopolitical tensions, particularly around the Strait of Hormuz. MRPL also collaborated with Indian Strategic Petroleum Reserves Ltd to utilize underground storage for crude inventory management.
Logistics Hormuz and Red Sea Risks Converge as US Strikes Iranian-Bound Tanker, Houthis Threaten Bab el-Mandeb
The US military fired missiles into a commercial tanker attempting to reach Iran, while Tehran’s Revolutionary Guard threatened to prevent regional energy exports if Iranian cargoes are blocked. Simultaneously, a senior Houthi official warned that Bab el-Mandeb could be closed if regional fighting escalates, raising the prospect of simultaneous disruption at the Middle East’s two key maritime energy exits.
Commodities Gold Gains Strategic Importance as Central Banks Hedge Against Geopolitical Risks
A new OMFIF survey reveals that central banks globally are increasing gold holdings as a strategic hedge against geopolitical risks. A net 30% plan to raise allocations in the next two years, with 51% citing geopolitical protection. Meanwhile, spot gold has slipped to $4,008.94 amid expectations of Fed rate hikes.
Business India equity fund inflows hit 12-month low as West Asia risks rattle markets
Net inflows into Indian equity mutual funds declined to Rs 22,908 crore in May, down 40% from April and the lowest in 12 months, according to AMFI. Geopolitical tensions in West Asia and rising crude oil prices weighed on investor sentiment. Monthly SIP contributions remained steady at Rs 30,954 crore, providing stability despite broader market volatility.
Business Fitch Lowers India's Growth Forecast Amid Middle East Crisis
Fitch Ratings has revised India's GDP growth forecast for FY27 to 6.4%, down from 6.7%, citing the impact of Middle East turmoil on consumer spending. The agency also noted the potential for improved conditions once the energy shock eases.