Tag: Strait of Hormuz
India, US ‘very close’ to inking a trade deal, says Trump after meet with Modi
New Delhi: Prime Minister Narendra Modi raised the matter of Indian seafarers coming under attack in the Gulf with US President Donald Trump, affirming that…
Hormuz may reopen, but fertiliser relief is still months away for India
New Delhi: Fertiliser availability and prices may take another three to four months to normalise despite an initial agreement between the US and Iran to…
India’s trade deficit narrows slightly to $28.21 billion in May as petroleum exports cushion energy import blow
India’s merchandise trade deficit narrowed marginally to $28.21 billion in May, as a windfall from higher petroleum exports helped offset the strain of elevated energy-driven…
Sensex today surges over 1,100 points, Nifty nears 24,000 after US-Iran peace deal
Sensex today: Indian benchmark indices opened sharply higher on Monday, tracking a rally in global markets after the United States and Iran finalised a deal…
Basmati rice, tea exports to West Asia come to a grinding halt
Kolkata: Amid the US-Israel conflict with Iran, exports of basmati rice and tea to West Asia have come to a halt. Exporters said the Strait…
Rising fuel prices to strain household budgets as West Asia crisis pushes crude above USD 100: Chief Economist Manoranjan Sharma
New Delhi: Rising petrol and diesel prices are likely to put pressure on household budgets as the ongoing West Asia conflict continues to drive global…
A ₹3 lakh crore rain check? India’s monsoon now comes with a Hormuz fine print
India’s agribusiness has always had two unpredictable masters: the sky above, and the seas below. But this year, while farmers keep one eye on the…
India’s CPI inflation expected to rise to 4.8% with crude oil averaging USD 90/bbl in FY27: Report
New Delhi: India’s CPI inflation is expected to rise by around 70 bps to 4.8 per cent with crude oil averaging USD 90/bbl in FY27,…
India may cheer an Iran deal, but peace in Hormuz won’t refill its emptying economic tank
A US-Iran peace deal will be cheered by governments around the world. But in India, critically dependent on the Strait of Hormuz for everything from…
West Asia crisis may soon make everyday goods costlier in India
New Delhi: The sharp rise in global commodity and energy prices triggered by the West Asia conflict is beginning to spread beyond crude oil and…