The Indian rupee crashed to a record closing low against the US dollar due to rising global crude oil prices, a strengthening dollar, and geopolitical tensions in the Middle East.
'There is no shortage of fuel whatsoever.' 'India is stock surplus as far as petrol and diesel are concerned.'
Trump has a major decision to take in coming days -- specifically, how to rescue Israel from the attritional war that lies ahead, points out Ambassador M K Bhadrakumar.
Israel's aerial assault on Iran is widely viewed as an act of naked aggression with no basis in international law, carried out unilaterally despite US opposition and aimed at derailing ongoing US-Iran nuclear negotiations, observes Ambassador M K Bhadrakumar.
United States President Donald Trump on Monday floated the proposal of imposing 200% tariff on French wine and champagne after French President Emmanuel Macron's reported refusal to sit on the so-called Board of Peace, an initiative created by Trump to mediate global conflict, EuroNews reported.
The ministry of external affairs said in a statement that the Indian embassy remains in touch with the community with a view to extend all feasible assistance.
Trump's remarks came amid heightened US messaging about the Iran situation and a series of White House statements indicating that multiple options remain under review.
Despite international crude oil rates crossing USD 100 per barrel due to Middle East tensions, the Indian government plans to maintain current petrol and diesel prices, ensuring uninterrupted fuel supply across the country.
India possesses approximately 100 million barrels of commercial crude oil stocks, capable of covering 40-45 days of its requirements if flows through the Strait of Hormuz are disrupted, according to Kpler.
A disruption in the supply of LPG cylinders caused by tensions in the Strait of Hormuz is impacting Indian kitchens, leading to restaurant closures, price hikes and a surge in demand for electric cooktops.
'India should understand that we are not going to make the same mistakes with India that we made with China 20 years ago.'
Will Russia's entry deter Trump on his warpath?, asks Ambassador M K Bhadrakumar.
US Energy Secretary Chris Wright said that long-term oil supplies are 'abundant' and there are no worries regarding that, but in the short term, there is a need to get oil on the market.
Israel's ongoing airstrikes and Iran's retaliation raised concerns about all-out war between the countries and propelled the region, already on edge, into even greater upheaval.
India's merchandise exports experienced a slight decrease in February, while imports surged due to increased gold and silver purchases, leading to a widened trade deficit. The West Asia crisis is expected to further impact trade in the coming months.
At the end of the day, for many worldwide, the ongoing mutual attacks between Israel and Iran would seem a contest devoid of any moral high ground and only a bout between two ordinary adversaries, one that nevertheless risks spinning out of control into a larger conflagration, notes Shyam G Menon.
'Torpedoes travel at more than 100 kilometres per hour, about 50-60 knots.' 'It must have been a matter of a few minutes before it detonated under the Iranian ship.' 'The Iranian ship would have probably got three, four minutes and wouldn't have known till they actually heard the whirr of the torpedo.'
The ICC said the South African contingent had begun departing for home on Wednesday with "four players and five family members having boarded the flight".
Around 4:30 am IST on Sunday, June 22, 2025, the United States launched an attack on three nuclear sites in Iran. With this, the US seems to have finally entered the war with Iran.
Aseem Chhabra lists his top 10 films from this year's Sundance festival, a blend of narratives and documentaries made in the US and other parts of the world.
The Indian government is unlikely to allow a parliamentary debate on the West Asia crisis, citing prior briefings by the External Affairs Minister. This decision comes amid opposition protests and a pending no-confidence motion against the Speaker.
The atmosphere in Ahmedabad ahead of the T20 World Cup final between India and New Zealand is markedly different from the previous final, with Indian fans confident of victory. New Zealand skipper Mitchell Santner acknowledges the overwhelming support for India while rallying Kiwi fans back home.
In a dramatic escalation of tensions, Israel launched airstrikes early Friday targeting key nuclear facilities in and around Iran's capital Tehran.
As per Israeli media, at least four people have been killed and several injured after an Iranian missile struck a residential building in Beersheba.
On early Sunday morning, June 22, 2025, the US bombed three nuclear sites in Iran, officially joining Israel's war against the country.
'Trump's sons, and the son of Trump's Mideast envoy Steven Witkoff, are in the crypto business and recently signed deals with Pakistan's crypto council.' 'It may not be coincidental that not long before the Trump-Munir meeting, the head of Pakistan's crypto council met with Trump's White House crypto policy czar.'
The recent correction suggests that while precious metals hedge geopolitical tension and inflation, they are not immune to sharp short-term corrections and profit-booking.
The summit, scheduled for Friday, marks the first in-person meeting between the leaders of the US and Russia in over four years.
India is well-stocked with inventories of crude oil and key petroleum products, including petrol, diesel, and aviation turbine fuel (ATF), to deal with short-term disruptions as the war intensifies in West Asia, Union Minister of Petroleum and Natural Gas Hardeep Singh Puri said on Tuesday.
The CIA's confirmation comes amid reports claiming that the US strikes did not destroy nuclear sites in Iran as claimed by President Donald Trump or his administration.
The Iran-Israel War entered its 7th day on Thursday, June 19, 2025.
The opposition party reiterated the absolute essentiality of immediate diplomacy and dialogue with Iran.
US President Donald Trump reiterated his claim at the UN General Assembly that he stopped the conflict between India and Pakistan, while also criticizing the UN's lack of involvement in resolving global conflicts.
'Nobody explained why. After that there was panic buying, there was hoarding -- and then nothing reached us.'
Trump said the prime minister of Pakistan, who visited him in Washington last year, said that "'President Trump saved 10 million people, and maybe much more than that'. They're both nuclear countries."
The Indian government has directed oil refineries to increase LPG production to ensure a stable supply of domestic cooking gas, amidst concerns over potential disruptions from the escalating Middle East conflict and its impact on imports.
Asked about the whereabouts of Iran's 400 kilograms of 60-per-cent enriched uranium, Netanyahu claimed that Israel has "interesting intel" related to the issue.
The Israel-Iran conflict has entered a 'decisive phase' after the United States bombed three major Iranian nuclear sites Sunday morning, feel strategic affairs experts with some of them arguing it was Washington, DC's 'responsibility' to not get involved in the military standoff.
United States President Donald Trump has opened a two-week window for diplomacy with Iran before deciding on military action, aiming to restart stalled negotiations amid Israel's bombing campaign, CNN reported.
Scenes from war-torn Iran and Israel.
