The progress of the southwest monsoon in June 2026 has been a cause for significant concern. (AI image) The Indian economy has till now emerged from the US-Iran conflict relatively unscathed. If the peace talks hold and the Strait of Hormuz opens, economists expect the impact of the war to be transient. However, a bigger…
Oil prices rise. Photo credit: ANI Oil prices edged higher on Tuesday after a sharp decline in the previous session, as investors weighed cautious optimism over US-Iran peace talks against uncertainty surrounding the resumption of crude shipments through the Strait of Hormuz, Reuters reported.Brent crude futures rose 24 cents, or 0.38 per cent, to $78.15…
Show Quick Read Key points generated by AI, verified by newsroom US authorized limited Iranian oil sales, easing sanctions. Licence allows crude, petroleum products until August 21. The United States on Monday authorised limited Iranian oil sales, marking a significant easing of long-standing sanctions as Washington seeks to advance negotiations with Tehran towards a comprehensive…
Four fertiliser ships exit Hormuz NEW DELHI: Four ships carrying around 1.8 lakh tonnes of urea, di-ammonium phosphate (DAP) and sulphur have crossed the Strait of Hormuz and are now heading to ports in India, the fertiliser department said on Monday.The ships crossed the conflict-hit sea channel last week. TOI has learnt they sailed through…
India’s state-owned refiners have already lined up sufficient crude supplies for roughly two months. (AI image) US-Iran war: India, importing around 90% of its crude needs, is stocking up on oil even as hopes of the Strait of Hormuz reopening completely stay. India has diversified its crude oil procurement, and stepped up imports in a…
Oil prices slip. Photo credit: Reuters Oil prices fell on Monday after US-Iran talks in Switzerland concluded with Tehran saying it had secured waivers for oil and petrochemical exports, easing concerns over potential supply disruptions in global energy markets.Brent crude futures were down $1.53, or 1.90 per cent, at $79.04 per barrel. Prices had earlier…
Show Quick Read Key points generated by AI, verified by newsroom US President Trump announced no Hormuz tolls during 60-day ceasefire. Tolls possible later if broader US-Iran deal fails. Diplomacy intensifies in Switzerland for US-Iran nuclear negotiations. Iran briefly closed Hormuz Strait, citing alleged violations. US President Donald Trump on Saturday (local time) said there…
3 Indian-flagged oil tankers cross Strait of Hormuz NEW DELHI: Three Indian-flagged crude oil tankers carrying more than 8.6 lakh metric tonnes of cargo and 94 Indian crew members successfully transited the Strait of Hormuz on Saturday and are now sailing towards India, Union ports, shipping and waterways minister Sarbananda Sonowal said.The development comes days…
Oil prices turned volatile once again after recent comments from US Vice President JD Vance raised concerns over the stability of the Middle East peace deal. Brent crude was down 0.65% at $79.33 a barrel, after touching $79.85 level. At the same time, WTI crude fell 0.46% to $75.50.The move came after Vance warned Israel…
FCNR(B) accounts nosedived to $900 million in FY26 Chennai: After three consecutive years of growth, net inflows under Foreign Currency Non-Resident (Bank) [FCNR(B)] accounts nosedived to $900 million in FY26 from $7.1 billion in FY25. The 87% year-on-year decline, the sharpest since 2022-23, comes despite the rupee weakening over the past year. Meanwhile, major banks…
