Markets are losing momentum as rising oil prices and US-Iran tensions fuel fresh inflation worries. Investors are turning cautious, prioritising risk over growth in an increasingly uncertain global landscape.
US President Donald Trump has said Washington will keep the Strait of Hormuz effectively shut as leverage against Iran, signalling that the vital oil route will reopen only when a deal is reached.
Shipping resumes through a key oil route, but military pressure, political messaging and ongoing negotiations signal that the crisis is paused, not resolved.
The CCS meeting, second since the conflict in the Middle East began on February 28, was attended by senior ministers, including Defence Minister Rajnath Singh, Home Minister Amit Shah, and External Affairs Minister S Jaishankar.
Markets react, oil prices surge, and global pressure builds as the US hints at exit while Iran doubles down on military readiness and distrust in negotiations.
Today, while the dollar still reigns supreme, there are other options. Some 22 countries officially trade part of whatever they buy or sell to India in rupees.
Prime Minister Narendra Modi on Tuesday said that the conflict in West Asia has triggered a global energy crisis, but…
Sri Lankan President Anura Kumara Dissanayake thanked Prime Minister Narendra Modi and External Affairs Minister S Jaishankar for India's swift support.
The development follows Araghchi's reported remarks saying that India is among friendly nations and ships with the country's flag shall be allowed to cross the Strait of Hormuz.
India's weekly crude imports collapsed from 25 million barrels in February to just 1.9 million barrels in the week ended March 6, as Middle East suppliers cut export volumes sharply.
