International
Kuwait’s crude price climbed sharply to $118.93 per barrel after rising by $8.10, as the conflict involving Iran and the disruption around the Strait of Hormuz continued to drive fears of tighter global energy supplies. The jump reflects the broader pressure on oil markets as traders remain focused on the risk of prolonged instability in […]
International
US President Donald Trump said the mysterious “present” he had earlier mentioned receiving from Iran was in fact “10 big boats of oil” that were allowed to pass through the Strait of Hormuz. The remark came amid the continuing Iran war, where control of Hormuz has become one of the biggest strategic and economic flashpoints. […]
Economy National
The Indian rupee is expected to remain under pressure near record lows despite some relief from falling oil prices, as maturing non-deliverable forward positions and capital outflows continue to drive dollar demand. The Reserve Bank of India was seen intervening through state-run banks to limit further losses, helping the rupee hold just above its weakest-ever […]
International
Iran’s military has rejected US President Donald Trump’s latest suggestion that talks are underway, with a senior spokesperson using unusually blunt language to dismiss the claim. The response, carried by Iranian state-linked media, underlines Tehran’s continued refusal to publicly acknowledge negotiations with Washington, even as diplomatic speculation has intensified
International
Canadian Energy Minister Tim Hodgson said the world is facing what he described as the biggest disruption to energy supplies in history, as the Iran war continues to shake global oil and gas markets. Speaking at CERAWeek in Houston, Hodgson argued that Canada is well placed to respond to the crisis by offering stable alternative […]
Economy National
The rupee fell 20 paise to 93.73 against the US dollar in early trade on Tuesday, reflecting continued pressure on the Indian currency from higher crude oil prices, persistent foreign fund outflows and a firm American dollar. The decline came after the rupee had already touched record low levels in recent sessions as the West […]