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.
United States President Donald Trump said on Tuesday that his special envoy Steve Witkoff would be visiting Moscow next week to meet Russian President Vladimir Putin, with Trump's son-in-law Jared Kushner might going with Witkoff too.
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.
Games open in Verona with calls for unity amid wars and athlete absences
The US has temporarily permitted India to accept Russian oil already on ships to ensure energy supplies amid the conflict with Iran. This short-term measure is not expected to significantly benefit Russia financially.
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.
Moscow's international airports were temporarily closed due to safety concerns after air defense forces intercepted multiple Ukrainian drones.
If the conflict continues for a prolonged period, State-run oil companies may have to review retail fuel prices accordingly.
Greer said that India has taken down some digital services taxes and is moving tariffs down.
A senior government official asserts India's independence in purchasing Russian oil, stating that US sanctions waivers merely remove friction but do not dictate India's energy policy. The official highlights India's commitment to energy security and affordability for its citizens.
Lovlina Borgohain controlled the bout throughout, combining sharp combinations with disciplined movement to ease into the next round.
Sensex and Nifty post steepest weekly loss in over a year, falling nearly 3 per cent.
'Without ground troops the US will not be able to oust the Iranian Islamic regime. Political change does not happen just by using bombs or planes.'
What we are watching is something different: A fog manufactured and maintained by the people who started the war, so that the question of why it was started never has to be answered, observes Prem Panicker in his must read blog on the war in the Middle East.
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.
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.
Israel and the United States had a plan. Iran punched back. And now the Gulf is reeling, the world is beginning to feel the pain and, as on date, no one in Washington or Tel Aviv appears willing to admit that the punch has landed, notes Prem Panicker, continuing his must-read blog on the war in the Middle East.
Indian boxers, including Nitu Ghanghas and Preeti Pawar, have secured 19 medals at the Boxam Elite International tournament in La Nucia, Spain, with strong performances from both the men's and women's teams.
The International Olympic Committee pleaded on Wednesday with skeleton racer Vladyslav Heraskevych to compete without his banned helmet depicting Ukrainian athletes killed since Russia's invasion and avoid potential disqualification.
Manchester City manager Pep Guardiola says he will continue speaking out on global violence and humanitarian crises, using his platform to advocate for victims from Palestine to Ukraine.
Gold prices surged in futures trading due to escalating US-Iran tensions, driving demand for the safe-haven asset.
With the Iran war escalating sharply and crisis deepening in the global energy market, India on Monday unveiled a coordinated plan to support exporters and shippers caught in the fallout.
Union Minister Pralhad Joshi assures that the Indian government is prepared to bring back Indians stranded in the Gulf region due to the Iran-Israel conflict and disruptions in Dubai, emphasizing citizen safety as the top priority.
'In India, there is this first generation migrant, say from a small village in UP. He didn't go to the Gulf to buy a big house but make the life of his family better.' 'He may have paid 1 lakh rupees to an agent to go to the Gulf. Imagine what will happen to him and his family if he has to come back. He and his family will become poor again.' 'He went to the Gulf to come out of poverty, but this war will make his family trapped in poverty once again.'
Maharashtra Chief Minister Devendra Fadnavis dismisses the alliance between Uddhav and Raj Thackeray's parties as a move for political survival, asserting it won't significantly impact Mumbai's political landscape. BJP leader Ashish Shelar questions the motives behind the reunion, highlighting past criticisms and the Thackerays' changing stances.
India and France have elevated their relationship to a 'special global strategic partnership,' with increased cooperation in defense, trade, and technology. The leaders also inaugurated a helicopter assembly line in Karnataka.
MEA spokesperson Randhir Jaiswal said India's energy decisions are guided by national interest.
Ukraine claimed responsibility after explosions hit the vessels on Friday and Saturday.
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Will rising tensions between US-Israel and Iran threaten crude oil supply through the Strait of Hormuz, putting India's fuel prices, imports, and economic stability at risk?
Lavrov said that the US has set itself the objective of 'achieving economic domination', adding further to it that Americans want to control the routes to leading countries to provide its energy sources to them.
India and the US have entered a new phase in their relationship, marked by greater parity, point out Harsh V Pant and Vivek Mishra.
Aryna Sabalenka will aim to take a huge stride towards a third Australian Open title in four years when the Belarusian top seed clashes with Ukraine's Elina Svitolina on Thursday in a semi-final simmering with geopolitical tension.
India and the US have agreed to a trade deal that will see Washington reduce reciprocal tariffs on Indian goods from 25% to 18%, according to US President Donald Trump. The deal also includes commitments from India to reduce tariffs and non-tariff barriers against the US and to increase purchases of American products.
Trump announced that India and the US agreed to a trade deal under which Washington will charge a reduced reciprocal tariff on Delhi, lowering it from 25 per cent to 18 per cent.
The deal shifts the US posture towards India from hostile to neutral, and that matters for growth, points out T T Ram Mohan.
Animal companions are often excellent publicity vehicles for politicians and leaders.
United States President Donald Trump on Thursday said he had a good meeting with Ukrainian President Volodymyr Zelenskyy, and his message to Russian President Vladimir Putin is that 'war has to end'.
European nations say their findings show that his death was not a natural result of ill health but the consequence of deliberate poisoning.
Every UN secretary-general has flagged the financial situation, but Antonio Guterres has issued the direst warning yet, calling it a 'race to bankruptcy and of imminent financial collapse, points out Ambassador T P Sreenivasan.
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