Washington moves to end temporary oil transaction relief and targets Iran-linked networks, signalling a sharper economic push as tensions in West Asia continue to impact global energy flows.
The US is planning symbolic currency changes for its 250th year, but questions over legality and precedent are already triggering political and legal pushback in Washington.
The decision comes as oil markets remain jittery. With tensions rising in the Middle East, governments and traders fear disruptions to major supply routes.
The discussions aim to ensure that a meeting occurs next week between US President Donald Trump and Chinese President Xi Jinping.
Sector-wise, BSE power, utilities, energy, FMCG, basic materials, and metals indices rose up to 3.25 per cent, while BSE realty and capital goods closed with losses.
