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India’s economic outlook is facing renewed uncertainty as global tensions escalate and oil prices climb higher. Gita Gopinath has issued a stark warning that the impact on India’s growth could be closer to half a percent if current trends persist.This underscores the extent to which global energy markets directly shape domestic stability. Rising crude prices translate into higher fuel costs,
The Centre is preparing to roll out a relief package aimed at sectors most affected by the ongoing Iran war, which has disrupted traffic through the Strait of Hormuz and hit India’s exports and imports. According to government sources, this package will be part of a broader ₹2.5 lakh Crores Emergency Credit Line Guarantee Scheme (ECLGS) framework, designed to support multiple impacted
Iran has reportedly advanced a new diplomatic initiative, offering the United States a framework to reopen the Strait of Hormuz and bring an end to the war, while deferring nuclear negotiations to a later stage.Axios cited a US official and sources familiar with the matter in confirming that Washington has received the proposal. The plan is presented as a potential breakthrough in a conflict that
While Europe saw a 14 percent increase in defense spending, US expenditure declined by 7.5 percent.
Despite a cease-fire, Israel and Hezbollah have been trading attacks almost daily.
Spokesperson Esmail Baghaei says actions of the United States ‘strike at the heart of international law’ as blockade continues in strait of HormuzIran is proposing that shipping companies should pay charges for specific services when they cross the str…
Rightwing Naftali Bennett and centrist Yair Lapid announce new party before Knesset vote expected later this yearThe Israeli prime minister, Benjamin Netanyahu, is facing the prospect of running against a rightwing-centrist super coalition in elections…
India has intensified efforts to secure crude oil supplies as Middle Eastern flows have dwindled following the crisis triggered by US and Israeli strikes on Iran.Traditionally reliant on the Strait of Hormuz for nearly half of its imports, India has faced a sharp disruption in traffic through the waterway since late February.Analysts have warned that India’s modest reserves, compared with larger
Iranian President Masoud Pezeshkian has firmly rejected direct negotiations with the United States, declaring that Tehran will not enter talks under the shadow of pressure, threats, or blockades.In a significant telephone conversation with Pakistan’s Prime Minister Shehbaz Sharif, Pezeshkian stressed that the naval blockade and hostile American actions remain the primary obstacles to peace.He
Engineer and two drivers killed in recent weeks as scarcity of clean water fuels spread of preventable diseasesIsraeli forces in Gaza killed a water engineer and two drivers who transported water to displaced families over four days in mid-April, exace…