Trump to announce major tax reform, tax reduction on Wednesday

Speaking at a Women's History Month event at the White House, the US president said he had been fully briefed on the situation and described the incident as "terrible."

In a post by the White House, President Trump, while acknowledging that the United States is currently the world's leading oil producer and stands to benefit financially from higher crude prices, emphasised that his administration's overriding mission remains the permanent dismantling of Iran's nuclear program.

India's Consul General in Shanghai, Pratik Mathur, met Ant Group leadership to discuss fintech and digital economy opportunities. This follows high-level engagements with Shanghai's Mayor, aligned with Prime Minister Narendra Modi's "Reform, Perform and Transform" mantra to strengthen bilateral and multilateral cooperation through the SCO and BRICS.

Two oil tankers caught fire near Iraq after being struck by an "unknown projectile," with UKMTO reporting all crew are "evacuated and safe." This follows a surge in maritime attacks amid regional conflict, drawing a sharp response from India and warnings from President Trump regarding the Strait of Hormuz.

The Trump administration has launched "unfair trade practice" probes into 16 nations, including India and China, to reinstate tariff pressure. US Trade Representative Jamieson Greer stated the "investigations will focus on economies" with "structural excess capacity." Additional probes into forced labour could lead to new tariffs by July.