Business
India Slashes Windfall Tax on Fuel Exports Amid Shifting Global Oil Dynamics
India has cut windfall tax on diesel exports to Rs 23/litre and ATF to Rs 33/litre, effective May 1.
Tag: Oil Prices
Business
UAE Exits OPEC+, Shaking Global Oil Markets Amidst Geopolitical Tensions
UAE quits OPEC and OPEC+, a major blow to global oil producers and a win for US President Trump.
Business
Indian Stock Markets Dip as Oil Prices Surge and Foreign Funds Exit
Indian stock markets opened lower Tuesday, pressured by surging oil prices and significant foreign fund outflows, dampening investor sentiment.
Business
Global Economy Reels from Iran Conflict, US Largely Unscathed
The global economy has been severely impacted by the Iran conflict, but the U.S. has largely avoided the worst effects.
Conflict
Strait of Hormuz Tensions Escalate as Iran and U.S. Assert Control
Iran and U.S. are vying for control of the Strait of Hormuz, causing significant shipping disruptions and global economic concerns.
International
Oil Prices Surge Past $100 Amidst Iran Ship Seizures and Muted Peace Efforts
Oil prices surpass $100 a barrel amid reported ship seizures by Iran, with no public signs of peace breakthroughs.
Business
Global Oil Prices Surge as Wealthy Nations Hoard Supplies
Wealthy nations' oil stockpiling is driving up global prices and creating shortages for vulnerable countries.
Business
J&K CM Warns of Global Ramifications from West Asia Conflict
J&K CM Omar Abdullah warns of global economic fallout from West Asia conflict, citing rising oil prices and supply chain disruptions.
International
Oil Prices Surge Amidst Iranian Retaliation Threat After US Ship Seizure
Oil prices jumped to $96 a barrel after the U.S. seized an Iranian cargo ship, prompting Iran to vow retaliation and casting doubt on peace talks.
Conflict
Iran Vows Retaliation After US Navy Seizes Cargo Ship Near Hormuz
US Navy seizes Iranian cargo ship near Strait of Hormuz; Tehran vows swift response, raising ceasefire concerns.