Iran shuts Hormuz as US-Iran talks continue
Iran has declared the Strait of Hormuz shut, with ship tracking data confirming a sharp fall in transits through the waterway that carries roughly 20 percent of global oil supply.
Tag
india-imports
Rupee hits record low of 95.55 on oil fears
The Indian rupee dropped to a record low of 95.55 against the US dollar as tensions around the US-Iran ceasefire pushed oil prices higher. Since India imports most of its crude oil, rising prices increase dollar outflows and weaken the currency, raising risks of higher fuel and consumer prices.
Iran War Risk Pushes Oil Price Forecasts Higher
Oil price forecasts are moving higher as markets price in the risk of a prolonged supply disruption tied to the conflict involving Iran. Iran is a major OPEC producer, and a sustained outage would tighten global crude supply. Higher oil prices could raise import costs and fuel prices in India and other large importers.
Brent Crude Holds Above $110 as MCX Slips
Brent crude held above $110 per barrel through an eighth straight session of gains, while MCX crude oil fell 0.60% to ₹9,426 per barrel on April 29. The divergence between global and domestic pricing signals currency and exchange-rate effects at play. Analysts weigh in on where prices go from here.
China Tops US as India's Largest Trading Partner FY26
China surpassed the United States to become India's largest trading partner in FY26, with bilateral trade reaching approximately $151 billion. The trade deficit widened to $112.16 billion as imports from China hit $131.63 billion, even as Indian exports to China jumped 36.66%. The structural imbalance intensifies press
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india-imports
Shipping stalls in Strait of Hormuz after Iran declares key waterway shut
Iran has declared the Strait of Hormuz shut, with ship tracking data confirming a sharp fall in transits through the waterway that carries roughly 20 percent of global oil supply.
7d ago · 4 min · Global Affairs
Rupee hits record low of 95.55 as fraying US-Iran ceasefire keeps oil prices on the boil
The Indian rupee dropped to a record low of 95.55 against the US dollar as tensions around the US-Iran ceasefire pushed oil prices higher. Since India imports most of its crude oil, rising prices increase dollar outflows and weaken the currency, raising risks of higher fuel and consumer prices.
1mo ago · 3 min · Markets
Prospect of prolonged Iran war disruption drives oil forecasts higher
Oil price forecasts are moving higher as markets price in the risk of a prolonged supply disruption tied to the conflict involving Iran. Iran is a major OPEC producer, and a sustained outage would tighten global crude supply. Higher oil prices could raise import costs and fuel prices in India and other large importers.
2mo ago · 1 min · Global Affairs
Crude oil prices extend gains on 8th day, brent crude remains above $110/bbl. Where are prices headed?
Brent crude held above $110 per barrel through an eighth straight session of gains, while MCX crude oil fell 0.60% to ₹9,426 per barrel on April 29. The divergence between global and domestic pricing signals currency and exchange-rate effects at play. Analysts weigh in on where prices go from here.
2mo ago · 1 min · Markets
China Surpasses US As India's Largest Trading Partner In FY26; Trade Gap Swells To $112.16 Billion
China surpassed the United States to become India's largest trading partner in FY26, with bilateral trade reaching approximately $151 billion. The trade deficit widened to $112.16 billion as imports from China hit $131.63 billion, even as Indian exports to China jumped 36.66%. The structural imbalance intensifies press
2mo ago · 1 min · Global Affairs
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