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The Middle East conflict has entered its fourth week and the developments have sent shockwaves through global stock markets. For the upcoming week, investor sentiment is expected to remain sensitive to global developments, particularly the ongoing crisis and its impact on crude oil prices, in the holiday-shortened trading week ahead. Alongside geopolitical cues, movements in…
India is preparing a contingency plan to evacuate its ships currently stuck in the Persian Gulf. (AI image) Looking to secure crucial energy supplies amidst the Middle East crisis and US-Iran war, India is readying a plan to get ships safely through the Strait of Hormuz. India is preparing a contingency plan to evacuate its…
The United States is fighting Iran on the battlefield, and turning to its oil to keep the global economy afloat. As war in the Middle East chokes supplies through the Strait of Hormuz and sends prices soaring, the Donald Trump administration has begun easing restrictions on Iranian crude, allowing allies to buy the very resource…
As the US temporarily eases sanctions on Iranian oil imports, Indian refiners are eyeing a resumption of crude purchases from Tehran.According to Reuters, several Indian refining companies are awaiting government direction and clarification from Washington on payment terms before finalising shipments. Watch HUGE VICTORY For Iran? U.S. Forced To Lift Oil Sanctions Under Global Pressure;…
India has not imported crude oil from Iran since mid-2019, after the United States withdrew sanctions waivers. (AI image) Will India get access to Iran crude oil after over 6 years? Amid the raging Middle-East conflict and rising oil prices, the Donald Trump administration has announced a temporary relaxation of sanctions on Iranian oil. This…
Iran’s Hormuz chokehold has reshaped India’s oil purchase pattern, with a sharp drop in Gulf supplies this month pushing refiners towards Russia and smaller producers to keep supplies steady. So far in March, crude imports into the country are down 23% compared to February, according to shipping data and analyst estimates cited by ET. The…
Growth in India’s eight core infrastructure industries eased to 2.3 per cent in February, down from 3.4 per cent in the same month last year, reflecting weakness in energy-linked segments even as output expanded in several manufacturing-oriented sectors.According to official data, production of crude oil, natural gas and petroleum refinery products declined during the month,…
US stocks edged lower in early trade on Friday, putting Wall Street on course for a fourth consecutive weekly loss, although a modest easing in oil prices helped stabilise broader global markets, according to an AP report.The S&P 500 declined 0.5% in morning deals and was headed toward its longest losing streak in a year….
The rupee plunged by 82 paise, or nearly 1 per cent, to settle at an all-time low of 93.71 (provisional) against the US dollar on Friday, weighed down by persistent foreign fund outflows and a sharp rise in global crude oil prices amid mounting geopolitical tensions, PTI reported.Forex traders said the domestic currency remained under…
Global crude prices edged lower on Friday after a continued surge, as statements from US President Donald Trump and Israeli Prime Minister Benjamin Netanyahu helped ease market concerns over further escalation in energy infrastructure attacks.Brent crude slipped toward $107 a barrel after its highest close since July 2022, while West Texas Intermediate (WTI) for May…
