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Since the Iran war began, the market narrative has been simple: the oil spike, inflationary impulse and wider market volatility will be temporary and die down once the conflict halts, allowing central banks to grease the economy and markets with easy money, as they have consistently done post-2008. But there is a counter view that…
The United States has eased sanctions on Venezuela’s state-owned oil sector, allowing American companies to resume limited business with Petróleos de Venezuela S.A. (PDVSA), as the Donald Trump administration seeks to expand global oil supplies during the ongoing Iran conflict, AP reported.The US Treasury Department on Wednesday issued a broad licence permitting PDVSA to sell…
NEW DELHI: Prime Minister Narendra Modi on Wednesday held a telephonic exchange with Crown Prince of Kuwait Sheikh Al-Khaled and conveyed his greetings on Eid.During the conversation, PM Modi also condemned the attacks on Kuwait amid the ongoing conflict between joint forces of the US & Israel and Iran. Watch ‘Hormuz Remains Our Foremost Priority’:…
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