Imports continue from major supplying countries, including Indonesia and Malaysia (palm oil), Russia and Ukraine (sunflower oil), and Argentina and Brazil (soybean oil).
Amid the US-Iran conflict, the German Ambassador to India has suggested that countries need to try to find ways and means to become independent from fossil fuels.
S Jaishankar met several European leaders in Cyprus during the informal Gymnich meeting, where discussions centred on India-EU cooperation and regional developments.
Alexander Stubb said that Washington no longer seeks allied consent before taking major international action and argued the NATO alliance remains strategically indispensable to the United States.
On his social media platform, US President Donald Trump suggested that both the sides must take their time and get it done right.
The private sector manufacturing activity growth recovered in April as HSBC’s India Manufacturing Purchasing Managers' Index (PMI), compiled by S&P Global, which measures monthly change in manufacturing output, rose to 54.7 in April, up from 53.9 in March.
Oil marketing companies had on April 1 announced to increase jet fuel prices as the global economy reeled from the West Asia conflict.
More than 2,764 Indian seafarers, including 24 in the last 24 hours, have safely repatriated from across the Gulf region.
Iran is pushing a new law to regulate ship movement through the Strait of Hormuz, tightening rules for certain countries amid rising regional tensions and strategic recalibration.
U.S. President Donald Trump said Saturday that Iran “can’t blackmail us” even as Washington is holding talks with Tehran, signalling a mix of pressure and diplomacy amid rising tensions.
