In a statement issued by Iran's consulate in Mumbai, it said, "At present, Iran essentially has no floating crude or surplus available for international markets. The US Treasury Secretary's remarks appear aimed at reassuring buyers and managing market sentiment."
Amidst escalating tensions with Iran, the US has granted India a temporary 30-day waiver to continue purchasing Russian oil, aiming to stabilise global energy markets and encourage future US oil imports by India.
The United States has encouraged India to purchase Russian oil already at sea to mitigate supply shortages and price increases amid the West Asia conflict, according to Energy Secretary Chris Wright. This move is described as a short-term effort to stabilise the market without altering Washington's policy towards Russia.
The US has granted India permission to buy Russian oil already in transit to ease global supply pressures amidst the West Asia conflict. This decision comes after India agreed to halt sanctioned Russian oil purchases and substitute them with US oil.
From 12:01 am eastern daylight time on August 27, 2025, higher tariffs will apply to all products of India that are either entered for consumption in the United States or withdrawn from warehouses for consumption.
The US Citizenship and Immigration Services (USCIS) in a 'H-1B FAQ' document, released on Sunday, said that the September 19 proclamation took an "important, initial, and incremental step" to reform the H-1B visa programme to curb abuses and protect American workers.
Among Sensex shares, Sun Pharmaceutical, Tata Steel, Trent, Bajaj Finance, Mahindra & Mahindra, Bajaj Finserv, Reliance Industries, Axis Bank, Tech Mahindra, Adani Ports, Titan, BEL, and Larsen & Toubro were the major laggards. However, Hindustan Unilever, Maruti Suzuki India, ITC, Tata Consultancy Services and UltraTech Cement were the gainers.
A deep dive into Trump's new policy and what it means for Indian professionals and companies.
The additional 25 per cent duty will come into effect after 21 days or August 27.
The additional 25 per cent tariff imposed by US President Donald Trump on India is set to deliver a major blow to West Bengal's export-driven economy, with the state's labour-intensive leather, engineering and marine sectors expecting losses ahead of the festive season, stakeholders said. The increased levies on Indian products for the country's purchases of Russian oil came into effect on Wednesday, bringing the total amount of tariff imposed on New Delhi to 50 per cent.
The United States announced a 25 per cent tariff on India as the White House released an expansive list of duties that Washington, DC will impose on exports from countries around the world.
The mission was originally scheduled for lift-off on May 29 but was put off multiple times when engineers detected a liquid oxygen leak in the boosters of the Falcon-9 rocket and NASA also detected leaks in the ageing Russian module of the ISS.
A surveillance American drone in the Arabian Gulf was intercepted and attacked by Iranian jets earlier in November, the Pentagon has said. "I can confirm that on November 1, at approximately 4.50 am Eastern Daylight Time, an unarmed, unmanned MQ-1 US military aircraft conducting routine surveillance over the Arabian Gulf was intercepted by Iranian Su-25 Frogfoot aircraft and was fired upon with guns," said Pentagon press secretary George Little.
The Victorian police arrested and charged an Indian cabbie on Thursday who had allegedly knocked off his passenger.
Officials estimated at least 90 per cent of surrounding Jefferson County residents had heeded warnings that a storm surge could submerge swaths of the low-lying county - including the seawall-and-levee-protected city of Port Arthur, near Sabine Pass.
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