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US President Donald Trump has once again raised the stakes in the ongoing Middle East conflict, demanding that Iran reopen the Strait of Hormuz by a self-imposed Tuesday deadline or face sweeping military strikes. His latest warning, delivered in blunt and aggressive language, comes after weeks of escalating hostilities that have already disrupted global oil…
OPEC+ on Sunday agreed to increase oil production quotas for the second consecutive month, while cautioning that damage to energy infrastructure amid ongoing conflicts could disrupt global supplies for an extended period, AFP reported.The oil cartel decided to raise output quotas by 206,000 barrels per day (bpd) from May, with key producers including Russia, Saudi…
Domestic equities are expected to remain volatile this week as investors track the Reserve Bank’s monetary policy decision, global macroeconomic cues and evolving developments in the West Asia conflict, analysts said, according to PTI.Market participants will also keep a close watch on crude oil price movements and foreign fund flows, which continue to influence sentiment.Vinod…
OPEC+ may approve an oil output increase at its meeting on Sunday, though the move is expected to remain largely symbolic as key producers are unable to raise supply due to disruptions caused by the US-Israeli war with Iran, Reuters reported citing sources.Eight OPEC+ members are scheduled to meet at 1300 GMT to discuss production…
As tensions in the Middle East continue to escalate, the effects are no longer confined to the conflict zone, they are beginning to show up in daily routine across economies. In the United States, rising fuel costs triggered by the war against Iran are now filtering into everyday life, quietly reshaping how businesses operate and…
The Middle East war has pushed energy prices higher, affecting lives across the globe. As the crisis has crossed one month, oil prices have stayed beyond the $100 per barrel mark and ripples are visible across the globe. While some countries are encouraging measures to move beyond fuels, others are forced to raise prices, making…
As the Middle East war has stretched beyond a month, energy prices have soared sharply, sending ripples across the globe. Iran’s chokehold of Strait of Hormuz has pushed fuel costs higher, hitting energy supplies for major economies. The impact is visible in multiple sectors in India, with higher costs of fuel and petrochemical products feeding…
The United States is set to commit nearly its entire inventory of stealthy long-range JASSM-ER cruise missiles to its ongoing military campaign against Iran, significantly depleting stockpiles earmarked for other regions, according to a Bloomberg report.Citing a person with direct knowledge of the matter, Bloomberg reported that orders were issued in late March to pull…
File photo: US President Donald Trump (Picture credit: AP) US President Donald Trump is weighing a broader Cabinet reshuffle after attorney general Pam Bondi’s ouster this week, amid growing concern inside the White House over the political damage caused by the war with Iran.As per news agency Reuters, internal White House discussions have turned towards…
External affairs minister S Jaishankar on Saturday said that India has “solidly come through” a the ongoing turbulent geopolitical situation amid the Middle East conflict and the Russia-Ukraine war, adding that the country has been “managing domestic and external challenges successfully.”Speaking at the 15th Annual Convocation Ceremony of IIM Raipur, he said countries today must…
