Congress MP K.C. Venugopal demanded a full-fledged discussion in Parliament on the evolving crisis in West Asia on Monday, asserting that a comprehensive debate on the "Western countries' crisis is needed.
The second phase of the Parliament Budget Session began with Congress President and Rajya Sabha Leader of Opposition Mallikarjun Kharge demanding the short duration discussion in the Rajya Sabha on India's energy security amid the West Asia Conflict.
The share markets in the country opened with a bloodbath on Monday as both benchmark indices declined sharply in the opening session amid a huge surge in crude oil prices and heavy selling across global markets.
Asian markets tanked in the opening session on Monday, with Japan's Nikkei and South Korea's KOSPI falling around 7 per cent, after crude oil prices surged sharply amid escalating geopolitical tensions in West Asia.
Brent crude prices surged sharply on Monday, rising by more than 25 per cent to USD 116.5 per barrel, amid the ongoing conflict in West Asia which has made crude prices bullish.
Iran's absence from the global oil market is likely to be offset by an existing oversupply in global oil inventories, providing a buffer against potential supply disruptions, according to a report by CareEdge.
In a post on X, Singh accused the government of deliberately increasing prices and targeting ordinary households. "Modi has deliberately pushed the country into the fire of inflation. The price of cylinders has been increased from 60 to 120 rupees. He told his friend that 'a crisis is a g
Amid surging global oil prices triggered by escalating conflict in West Asia, United States President Donald Trump said the "short-term" spike is worth the cost if it eliminates Tehran's nuclear threat.
Amid the developing security situation in West Asia, Pakistan could see its monthly oil import bill soar to a whopping USD 600 million, the country's Finance Minister Muhammad Aurangzeb said on Sunday, as reported by Dawn. Already reeling under economic stress, the country's Petroleum Min
The SBI Research report notes, "With the supply-supply chain triggered squeeze anchoring higher spot and forward prices across Gas and Oil, the US enterprises could reap benefits that more than adequately compensate the spending on war."
The report titled "When the dollar turns on itself" states that while gold gained on the international market, local prices in India fell because the Indian rupee became much stronger after a trade agreement with the US.