US President Donald Trump on Tuesday said that he would remove “some oil sanctions” to reduce the soaring prices as the crude cost hit $100 a barrel amid Iran war.“We’re also waiving certain oil-related sanctions to reduce prices,” he said addressing reporters. “We’re going to take those sanctions off till this straightens out,” he added.Moreover,…
Urges Experts, Policymakers To Work On New Training Models NEW DELHI: PM Narendra Modi on Monday highlighted the growing importance of the care economy and telemedicine in strengthening India’s healthcare system, saying both sectors will play a key role in expanding services and creating new employment opportunities in the coming years.Addressing the fourth post-Budget webinar…
NEW DELHI: The government has directed oil refineries to increase the production of liquefied petroleum gas (LPG) and divert the additional output for domestic household use in view of geopolitical disruptions affecting fuel supplies, Ministry of Petroleum and Natural Gas announceed on Monday.The move comes amid constraints in LPG availability due to global supply pressures,…
Oil prices surged to $120 a barrel before retreating to $102 Monday as Saudi Arabia was reported to be cutting output, adding to the supply squeeze due to disruption in the Strait of Hormuz.Finance ministers of developed G7 nations, who met Monday evening, deferred plans to tap their strategic reserves to cool down the global…
Already on a tear ahead of the war in Iran, Circle (CRCL) might be an unlikely beneficiary of the conflict. The stock rose 10% on Monday, outperforming other crypto-linked equities, with the shares now up by 86% over the past month, though they remain sharply lower since their peak post-IPO frenzy last summer. Japanese bank…
NEW DELHI: With the Bahrain airport not seeing any commercial flights since Feb 28, the Indian embassy there has made arrangements for stranded compatriots to return home via Saudi Arabia.“The embassy in Riyadh is obtaining individual transit visa approvals from Saudi govt. Transit visa requests are being referred by Indian embassy in Bahrain to Indian…
With U.S. oil topping $100 a barrel Monday, many investors are starting to worry about the impact surging energy prices will have on equities, potentially leading to a correction (down 10%) or bear market (down 20%), depending on how long the U.S.-Iran war lasts. In a note out Monday, CFRA Research outlined what investors should…
NEW DELHI: With nearly 40% of India’s LNG flow hit due to the West Asia conflict, govt is working on an “optimisation plan” for industries, including priority segments such as fertiliser. Those familiar with the discussions said the petroleum ministry could work out the arrangement as early as Tuesday, with a reduction in supply to…
CHANDIGARH: Punjab and Haryana high court’s exoneration of jailed Dera Sacha Sauda chief Gurmeet Ram Rahim on March 7 in the 2002 murder of journalist Ram Chander Chhatrapati comes with a scathing indictment of CBI’s investigation – coercion of a key witness, failure to cross-examine the police officer who recorded the victim’s dying declaration and…
A liquefied natural gas, or LNG, tanker on a digital screen at the Qatar Economic Forum in Doha, May 20, 2025. Christopher Pike | Bloomberg | Getty Images Oil prices jumped Monday with traffic in the Strait of Hormuz at a near standstill, but the longer-term implications of the Strait’s closure may be more extreme…
