Oil prices rise after latest Middle East fighting escalates Brent crude surged 7.8% to $81.92 per barrel after US and Iran claimed control over the Strait of Hormuz. Oil climbed Monday after a weekend of strikes and heightened tensions in the Middle East, pushing energy costs higher while renewed selling in artificial-intelligence–linked chip stocks weighed […]
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US approves Iranian oil sales, raising hopes for peace For nearly half a century, the relationship between the United States and Iran has been defined by suspicion, hostility, and an almost impenetrable wall of sanctions. But on Monday, something remarkable happened in Washington—a crack appeared in that wall, not through force or confrontation, but through
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Jio Platforms files IPO papers, targets $4 billion listing Jio Platforms files IPO papers, eyes massive $4 billion Jio Platforms plans to issue up to 27 crore fresh shares, signaling a major fundraising push as it prepares for a landmark IPO. New Delhi: Jio Platforms Ltd, the digital-services arm of Reliance Industries, on Friday, June
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Energy Experts Warn Oil Supply Recovery May Take Months Saudi Arabia, UAE May Resume Oil Output Fastest London/Washington – ‘Not Overnight’: Energy Experts Warn of Months-Long Recovery Despite Iran Peace Deal The dramatic announcement Sunday of a U.S.-Iran peace deal and the immediate reopening of the Strait of Hormuz sent oil prices tumbling in after-hours
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Cuba’s Díaz-Canel Announces Economic Reforms to Boost Investments Cuba’s Díaz-Canel Unveils Economic Reforms to Attract Investments Fuel Shortages, Food Insecurity Drive Cuba’s Economic Reforms Fuel Shortages and Food Insecurity Spur Cuba’s Reforms Díaz-Canel Announces Major Economic Reforms: ‘Time to Change’ as Cuba Faces Fuel Crisis and US Pressure HAVANA – In a significant policy shift
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India restricts bulk diesel, petrol sales at retail outlets Ninety-day curbs imposed after abnormal fuel demand growth New Delhi — The Indian government has imposed strict restrictions on industrial, commercial, and institutional users buying petrol and diesel from regular petrol pumps, mandating that they source their fuel requirements exclusively from bulk sale points. This move,
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Centre waives excise duty on petrol with 30% ethanol. India expands ethanol blending policy, amends excise duty rules. Centre Waives Excise Duty on Petrol with Up to 30 Per Cent Ethanol The exemption was announced through a notification issued by the Ministry of Finance on Thursday, June 11. As per the notification, excise duty has
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RBI Holds Rates Steady, Warns Of Global Risks RBI Unanimously Holds Rates, Cites Global Uncertainty MPC Stands United As RBI Keeps Rates Steady RBI Holds Repo Rate, Watches Iran Conflict Closely Mumbai — In a move broadly expected by markets, the Reserve Bank of India’s Monetary Policy Committee (MPC) on Friday voted unanimously to keep
High fuel prices slow Indian aviation’s path to recovery Indian airlines face turbulence as overseas travel slows The skies above India, usually a vibrant tapestry of contrails and bustling terminals, are currently navigating through an unprecedented storm of geopolitical and economic proportions. It is not a mere meteorological tempest, but rather the heavy, lingering shadow
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RBI warns global tensions threaten India’s steady growth momentum RBI says geopolitical risks now cloud global growth outlook The Reserve Bank of India’s Annual Report for 2025–26 arrives at a moment when headlines are dominated by conflict, commodity gyrations and anxious markets. Read closely, however, the report offers a quieter, steadier message: India’s economy is
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