Due to the current security situation, the government of Israel has decided to delay the planned increase in public transportation prices that was supposed to occur on July 1, 2025.
Volatility in gold prices has declined and its response to interest rate hikes has become increasingly asymmetric, signalling a deeper, structural shift in the metal's role in global portfolios, said Llama Research in its June edition.
Despite recent volatility and rising conflicts between Israel and Iran, Brent crude oil prices are expected to average around USD 70 per barrel in FY26, according to a report by Emkay Research.
Indian airlines are facing renewed pressure on profitability as escalating tensions in the Middle East threaten to push global crude oil prices to USD 100 per barrel, according to a report by Nuvama.
The US Federal Reserve on Wednesday decided to keep benchmark interest rate unchanged at a range of 4.25 to 4.5 percent, amid ongoing trade policy shifts and growing pressure from President Donald Trump, The Hill reported.
Amid escalating tensions between Israel and Iran, Union Minister for Petroleum and Natural Gas Hardeep Singh Puri on Wednesday assured that India has sufficient petrol and diesel reserves and that India need not to worry, as it also has enough energy supplies for the coming months.
Hardeep Singh Puri, Union Minister for Petroleum and Natural Gas, on Wednesday assured that there will be no shortage of crude oil and projected stability in fuel prices, despite global uncertainties.
Amid rising global crude prices, India's current account deficit (CAD) for FY25 faces an upward risk, as every USD 10 per barrel increase in oil prices can worsen the annual CAD by nearly USD 15 billion, according to a report by Union Bank of India (UBI).
Any further escalation in the Middle-East crisis or a sharp rise crude prices could pose a serious risk to earnings, especially for Indian Oil Marketing Companies (OMCs) and gas companies.
Israel's surprise airstrikes on Iranian nuclear sites have rattled global energy markets, sending oil prices soaring and raising concerns about wider regional instability.
The oil supply update by the minister attaches importance, given that the international oil prices shot up sharply post the early morning attack on Iran by Israel. At the time of filing this report, crude oil WTI futures were trading 6 per cent higher at USD 72.04 per barrel.
Karnataka Chief Minister Siddaramaiah on Friday wrote a letter to Union Minister Shivraj Singh Chouhan, asking for urgent help for mango farmers in the state. He said that mango prices have dropped sharply this season, causing big losses for farmers. Many small and marginal farmers are strug