oil prices

Mumbai, March 13 The benchmark stock market indices, Sensex and Nifty, ended sharply lower on Friday, driven by escalating conflict in the Middle East and rising oil prices.Furthermore, heavy selling in global markets, persistent outflows of foreign funds, and the weakening of the rupee also...

New Delhi, March 13 Fitch Ratings on Friday marginally raised India's GDP growth forecast to 7.5 per cent for the current fiscal, citing strong domestic demand as the primary growth driver.In December, Fitch had projected India's GDP growth at 7.4 per cent for the current fiscal.For the next...

March 13, New Delhi – Iranian Foreign Minister Seyed Abbas Araghchi stated on Friday that American negotiators rejected Iran’s proposal to ensure “no nuclear weapons” because they did not understand its technical details.In a social media post on X, Seyed Abbas Araghchi stated that Iran had...

Mumbai, March 13 The benchmark indices, Sensex and Nifty, declined by over 1% during intra-day trading on Friday, driven by escalating conflict in the Middle East and rising oil prices.Furthermore, heavy selling in global markets, continued outflows of foreign funds, and weakness in the rupee...

March 13, New Delhi – Philippine Trade Secretary Cristina Roque highlighted on Friday that the conflict in West Asia demonstrates the deep interconnectedness of the global economy, with geopolitical tensions causing immediate economic shocks.Speaking at an ASEAN economic ministers' meeting in...

March 13, New Delhi – Brent crude edged further above $100 per barrel, and stock prices declined in early Asian trading on Friday, following Iran's vow to target oil resources in West Asia and continue disrupting the Strait of Hormuz.Brent, which had risen above $100 on Thursday, was up 0.20...

Mumbai, March 13 The benchmark indices Sensex and Nifty continued their downward trend in early trading on Friday, falling by nearly 1%, as the ongoing conflict in West Asia and rising oil prices continued to dampen investor sentiment.Heavy selling in global markets, persistent outflows of...

New Delhi, March 13 Former foreign secretary Kanwal Sibal has said that the ongoing conflict in West Asia "needs to end" because the price that countries are paying around the world for this war is "unbearable".Highlighting the global ramifications of the conflict for the world, including the...

Washington, May 13 Amid rising oil prices, the Trump administration has announced a temporary authorization for other countries to purchase Russian oil currently stranded at sea, as there were no immediate signs of an early end to the US war on Iran.The US had granted a similar waiver from...

Washington, March 13 – The United States has temporarily allowed countries to purchase Russian oil stranded at sea, a move that comes days after Washington granted a similar waiver to India as it seeks to stabilize global energy markets amid rising geopolitical tensions.Treasury Secretary...

Washington, March 13 – Facing a sharp rise in fuel prices and disruptions in global shipping routes, the White House is considering a temporary waiver of the century-old Jones Act to allow more vessels to deliver energy and agricultural supplies to US ports.Press Secretary Karoline Leavitt...

Washington, March 12 – Russia has emerged as an unexpected economic beneficiary of the war involving Iran, earning billions of dollars from rising global oil prices triggered by the conflict, a US Senator said during a Senate Armed Services Committee hearing on Thursday.Senator Angus King of...

New Delhi, March 12 Former Foreign Secretary Kanwal Sibal stated on Thursday that the ongoing conflict in West Asia "needs to stop," as the price countries are paying globally for this war is "unbearable."Highlighting the global ramifications of the conflict, which has entered its thirteenth...

New Delhi, March 12 External Affairs Minister S Jaishankar spoke to his Indonesian counterpart, Sugiono, on Thursday as New Delhi intensifies diplomatic efforts to manage the fallout from the West Asia crisis.Amid escalating tensions between Iran and the US-Israel alliance, Jaishankar held a...

New Delhi, March 12 India is in contact with Iran to ensure safe passage for around 28 Indian-flagged merchant vessels through the strategic shipping route of the Strait of Hormuz, which has been partially blocked by Tehran following its escalating conflict with the US and Israel, according to...

New Delhi, March 12 Investors' wealth has eroded by ₹23.44 lakh crore since the beginning of the conflict involving the US, Israel, and Iran, which has sent shockwaves through equity markets, dragging the BSE Sensex down by over 6%.The US and Israel launched military strikes on Iran on...

New Delhi, March 12 – Bharatiya Janata Party (BJP) National Spokesperson Shahnawaz Hussain launched a scathing attack on Congress leader Rahul Gandhi on Thursday, accusing him of trivializing Parliament and creating disruptions during House proceedings.Hussain alleged that after the Congress...

March 12, New Delhi — To address a sharp decline in fuel supply, the Australian government is planning to temporarily amend fuel standards, allowing the use of lower-quality fuel for domestic use.The decision comes amid the International Energy Agency’s (IEA) call to release 400 million...

New Delhi, March 12 Gold futures edged lower by ₹38 to ₹1.61 lakh per 10 grams on Thursday as surging oil prices heightened inflationary risks and reduced the likelihood of interest rate cuts by the US Federal Reserve.According to the Multi Commodity Exchange (MCX), the yellow metal for April...

New Delhi, March 12 – As the military campaigns by the United States and Israel against Iran, and the latter's retaliatory strikes, move into their third week, Tehran has laid down three key conditions for ending the conflict, including recognition of its rights and compensation for the damage...