The US is reportedly running a covert offshore oil-transfer network near the Strait of Hormuz, using tactics similar to Iran's 'dark fleet' to maintain crude flow amidst regional tensions. The operation, involving vessel transfers off Oman and UAE coasts, has moved an estimated 90 million barrels since May, with US military coordinating surveillance.
India's gems and jewellery exports dropped 2.49% year-over-year in May to $2.047 billion, driven by high gold prices and supply constraints, despite growth in studded gold jewellery, cut diamonds, lab-grown diamonds, and silver jewellery.
Russia was Kazakhstan's top goods supplier from January to April, holding a 31.8% share. China followed at 28.6%. Russia also ranked third in Kazakhstan's exports with an 8.4% share, while China led exports.
India's rice stocks reached a record 68.43 million tonnes and wheat inventories climbed to their highest in five years at 53.41 million tonnes by June 1. This surge in reserves is expected to bolster food security and provide export flexibility, despite El Nino concerns.
Indian PM Narendra Modi visited Slovakia, a key EU member, aiming to deepen ties with a nation balancing East and West. The visit elevated bilateral relations to a comprehensive partnership, with trade reaching $1.8 billion and a focus on the India-EU FTA.
Global oil prices have fallen to a three-month low and stock markets have reached record highs amid optimism that a US-Iran peace deal could resolve the energy supply crisis. Brent crude dropped 4% to $83 as hopes rise for the reopening of the Strait of Hormuz.
India's textile exports are expected to surge following the end of the Iran war, with manufacturers anticipating lower raw material costs for polyester and cotton. This will help revive shipments to Europe and West Asia and enable better utilization of trade agreements.
Die US-Regierung hat ein beispielloses Exportverbot für zwei leistungsstarke KI-Modelle von Anthropic, Mythos 5 und Fable 5, verhängt. Das Verbot betrifft auch Verbündete und eigene ausländische Mitarbeiter, was Anthropic zur vorübergehenden Abschaltung der Modelle zwang. Sicherheitsbedenken der Regierung stehen im Konflikt mit Anthropic's Ansicht über geringfügige Schwachstellen.
India has increased the windfall tax on diesel and aviation turbine fuel (ATF) exports for the fortnight starting June 16. The special additional excise duty on diesel is now Rs 14 per litre, and on ATF is Rs 12.5 per litre. The duty on petrol exports remains Rs 1.5 per litre.
Russia expressed interest in boosting exports of food, mineral fertilizers, and engineering products to Laos. Following bilateral talks, Russian Minister of Economic Development Maxim Reshetnikov also noted readiness to import more rubber, coffee, and textiles from Laos, and highlighted Laos' bauxite reserves for the Russian aluminum industry. Discussions also covered launching direct flights.
India's exports to the US remained flat in May at $8.81 billion, while imports surged 54.43% to $5.87 billion. Trade with China saw a significant boost, with exports up 24.8% to $2 billion and imports up 23.4% to $12.8 billion.
The EU's trade deficit with China has reached a record €1 billion per day, totaling €31.9 billion in April. This growing imbalance, fueled by subsidized Chinese electric cars and components, is raising concerns about Europe's industrial future and prompting discussions among EU leaders on potential measures.
Global oil prices dropped to a three-month low and stock markets rallied amid optimism over a potential US-Iran peace deal that could reopen the Strait of Hormuz and ease energy supply concerns. Brent crude fell below $83 a barrel, while wholesale gas prices declined in Europe.
India is making a significant impact at Eurosatory, the world's largest land and air-land defence exhibition in Paris, with 31 entities, including the Ministry of Defence, showcasing advanced technologies. This participation highlights India's growing ambition to be a major global defence supplier, supported by record export figures.
Global oil prices dropped and stock markets surged as optimism grew for a US-Iran peace deal, potentially reopening the Strait of Hormuz and ending a major energy supply crisis. Brent crude fell below $84/barrel, while European and Asian markets rallied.
Despite a new peace deal, the war on Iran and its ripple effects have normalized conflict, causing widespread hardship, economic upheaval, and collateral damage across the Middle East, with ongoing strikes and unresolved issues threatening lasting peace.
Global oil prices dropped significantly as optimism grew for a US-Iran peace deal, potentially reopening the Strait of Hormuz and restoring Gulf oil exports. Brent crude fell below $84 a barrel, reaching its lowest since early March.
A draft US-Iran memorandum of understanding, reportedly to be signed June 19 in Switzerland, includes an end to military operations, lifting of sanctions on oil exports, reopening the Strait of Hormuz, and a $300 billion reconstruction package for Iran. Key details remain unverified.
A draft US-Iran memorandum of understanding, reportedly to be signed June 19 in Switzerland, includes an immediate end to hostilities, lifting of sanctions on oil exports, reopening of the Strait of Hormuz, and a $300 billion reconstruction package for Iran. Key details remain unverified.
A draft US-Iran memorandum of understanding, reportedly to be signed June 19 in Switzerland, includes an immediate end to hostilities, lifting of sanctions on oil exports, reopening of the Strait of Hormuz, and a $300 billion reconstruction package for Iran. Key nuclear issues remain for future talks.
US President Donald Trump declared a deal with Iran complete, announcing the immediate reopening of the Strait of Hormuz and lifting of the US naval blockade. Iran's deputy foreign minister confirmed ongoing talks focusing on sanctions removal, with obligations starting Friday.
US President Donald Trump declared a deal with Iran complete, announcing the immediate reopening of the Strait of Hormuz and lifting of the US naval blockade. Pakistan's PM had earlier stated a peace deal was reached, with a signing ceremony planned for June 19 in Switzerland.
US President Donald Trump declared a deal with Iran complete, announcing the immediate reopening of the Strait of Hormuz and lifting of the US naval blockade. Iran's deputy foreign minister confirmed ongoing talks, focusing on sanctions relief, with obligations starting Friday. Pakistan's PM had earlier announced the deal.
President Trump declared a deal with Iran complete, announcing the immediate reopening of the Strait of Hormuz and lifting of the US naval blockade. Pakistan's PM had earlier confirmed the agreement, with a signing ceremony planned for June 19 in Switzerland.
