Global oil prices inched higher on Monday as tensions in Europe and the Middle East raised concerns over supply risks. Airspace disputes in eastern Europe and fallout from Palestinian state recognitions in the Middle East added to investor caution. Key Price Moves Brent crude rose by US$0.34 to

China has agreed to lift export restrictions and resume the supply of fertilizers, rare-earth minerals, and tunnel boring machines to India. This development follows discussions between Chinese Foreign Minister Wang Yi and India’s External Affairs Minister S. Jaishankar last month. Supply Resumption Confirmed During Wang Yi’s two-day visit to India, he assured that