US-Iran tensions escalated as Donald Trump rejected Iran’s latest peace bid, calling it “garbage,” while declaring a ceasefire was on “massive life support.” Reports also claim Pakistan, despite acting as mediator, allowed Iranian military aircraft to park on its airfields and shielded jets from potential US strikes near the Nur Khan base.
ECLGS 5.0 is designed to cushion MSMEs from fallout tied to the US Iran war, offering relief intended to ease immediate stress. But industry voices are questioning whether the scheme truly helps businesses in practice, warning that moratorium terms could delay payments without reducing long term pressure. The real test: how workable these conditions are for small firms.
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Indian benchmarks Nifty 50 and Sensex are expected to open gap down on Tuesday, May 5, following weakness in global markets. Escalating uncertainty around the US Iran war is a key trigger for risk-off sentiment. Gift Nifty trends are also pointing toward a negative start, suggesting both indices may begin the session in the red.
Swiss commodities giant Vitol says the US-Iran war has already removed up to a billion barrels from global oil markets. Speaking at a summit in Lausanne, the world’s biggest independent oil trader argued the shock didn’t just disrupt supply, it effectively erased volumes from the system—tightening balances and raising uncertainty for prices and availability.
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