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Crude global prices: Oil climbs back towards $97 as Strait of Hormuz remains under pressure

Oil prices inched higher on Thursday after suffering their steepest single-day fall since April 2020, as uncertainty around the Strait of Hormuz and renewed tensions in the Middle East kept markets on edge. Brent crude moved back towards $97 a barrel, rebounding from a 13% on Wednesday, while West Texas Intermediate also traded close to…

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Pharos raises $44 million in Series A to power real-world asset tokenization

Pharos Network, a layer 1 blockchain focused on tokenized real-world assets, said it raised $44 million in a Series A round led by a mix of traditional finance and crypto investors. Backers include Sumitomo Corporation’s venture arm, SNZ Holding, Chainlink and Flow Traders, along with unnamed financial institutions the firm described as “giants in global…

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W Asia conflict: Rajnath-led GoM reviews LPG availability, says facilitating supply of essentials | India News

NEW DELHI: The informal group of ministers (iGoM) headed by defence minister Rajnath Singh on Wednesday directed all departments to continue focusing on preparedness, coordination and resilience building to stay ready to deal with any eventuality due to conflict in West Asia.In a post on X, Rajnath said the govt is ensuring continued availability of…

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