A policy brief comparing global fuel-price trends during the Hormuz disruption claims India’s retail revisions remained among the lowest despite sharp increases in major economies.
Trump's Iran address combined a sweeping victory claim with an explicit threat to bomb power grids and oil fields, and set a two-to-three-week deadline for diplomacy or escalation.
Fresh statements from Washington and Tehran point to deeper confrontation, even as indirect messaging, shipping fears and regional diplomacy keep the possibility of a wider crisis alive.
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.
A US alert for Iraq, a claimed five-day diplomatic window with Iran, and renewed pressure around Hormuz pushed the conflict into a tense new phase on March 24.
Energy traders remain cautious as geopolitical tensions intensify around one of the world’s busiest oil corridors, prompting concerns over fuel inflation and fragile supply chains.
In a credit alert, the rating agency noted that even if the situation in Venezuela escalates and disrupts crude oil production, the impact on global oil prices is expected to be muted, as Venezuela accounts for only about 1.5 per cent of global crude oil supply.
In the financial capital Mumbai, petrol continued to be priced at Rs 109.98 a litre and diesel Rs 94.14 a litre.
Petrol and diesel prices increased again on Wednesday after a two-day break as global oil prices failed to relent and continued to remain firm.
He said the current account deficit was directly linked with the global oil prices which had been going up and were going to have some unfavorable impact on the country’s economy.
