Global oil prices have surged again, with Brent crude climbing above $100 per barrel, as escalating tensions in West Asia and attacks on oil tankers triggered fresh fears of supply…
Category: Testing
Bank closures reported across Gulf countries after Iran warns civilians to stay 1 km away
Some international banks in the Middle East have shut branches and evacuated offices after Iran warned that banks and economic centres linked to the United States and Israel could become…
Sensex tanks over 1,000 points: 3 reasons behind today’s stock market crash
Domestic stock markets extended Wednesday’s sharp fall on Thursday morning, with the and the Nifty slipping below 23,600, as rising oil prices, global market jitters and continued foreign investor selling…
Sensex crashes 900 points, Nifty below 23,600; Eternal down 4%
Benchmark stock market indices opened lower once again as geopolitical tensions continue to weigh in on markets, with Iran war seeing no signs of easing. The S&P BSE Sensex was…
India’s Russian oil imports jump 50% in March as Middle East war hits energy supply
India’s energy strategy is shifting rapidly one of the world’s most important oil routes. As shipping through the Strait of Hormuz becomes uncertain, New Delhi has ramped up The shipments…
Centre procures more LPG, blames misinformation for panic-buying
Government officials warned that panic bookings and hoarding are mainly triggered by misinformation. They urged the public to remain calm and avoid spreading false news about LPG shortages. India’s domestic…
Japan becomes first G7 country to announce release of strategic oil reserves amid Middle East crisis
Japan becomes first G7 country to announce release of strategic oil reserves amid Middle East crisis This is a developing story. It will be updated. Source
IEA may recommend release of strategic oil reserves amid Iran war concerns: Reuters
The International Energy Agency (IEA) is considering recommending a coordinated release of oil from global strategic reserves as tensions linked to the , according to sources familiar with internal discussions…
Will costlier oil weaken the rupee and widen India’s trade deficit?
India’s economy could face renewed pressure if global crude oil prices continue to rise, especially as the rupee has already shown signs of weakening in recent weeks. The latest report…