Major cargo ship bound for India hit by projectile in Strait of Hormuz, bursts into flames. Global energy prices surge amid Middle East tensions impacting shipping and oil flows. US stock markets react to geopolitical uncertainty; volatility expected in Asian markets. Ongoing Gulf conflict continues to shape diplomatic and military developments worldwide. Gold prices near record highs as investors seek safe havens amid Middle East crisis. India T20 World Cup champions get huge ₹131 crore prize money bonus. Govt approves 11,682 MBBS seats + 43 new medical colleges nationwide. Foreign investors sell equities while domestic investors buy as markets stabilize. Israel launches fresh airstrikes in Iran and Lebanon, increasing the humanitarian crisis in the region.

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Posted on February 9, 2018

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