Fifteen of 20 India-bound fertiliser ships have safely passed the Strait of Hormuz. Domestic urea production also exceeded targets from April to June, ensuring adequate fertiliser availability for farmers during the kharif season.
US stock markets experienced a downturn as tensions in the Persian Gulf and rising oil prices prompted investors to take profits. The Dow Jones, S&P 500, and Nasdaq all closed lower. Tech stocks, particularly in AI, showed resilience.
China exported a record 68 GW of solar panels, cells and wafers in March 2026 – roughly twice February's level – as tensions in the Persian Gulf shipping corridor following US-Israel military strikes on Iran (Feb 28) triggered an energy crisis. The surge, equivalent to Spain's entire installed solar capacity and 50% above the previous August 2025 record, saw at least 50 countries record all-time highs in Chinese solar equipment imports, reflecting rapid expansion across emerging and developed markets.
