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Tata Motors, Castrol India partner to build circular economy for used engine oil
Tata Motors and Castrol India will pilot a used engine oil collection and recycling programme in Karnataka. The companies aim to build a scalable circular economy model for lubricants through a traceable recycling ecosystem.
Stocks fall, oil rises on Hormuz tension flare-up
Equities dropped from all-time highs, and Brent crude jumped 5% to around $114, with the US and Iran exchanging fire in the Persian Gulf amid a flare-up of violence that also drew in the United Arab Emirates.
Iran tankers laden with crude go dark to sail past US blockade
At least two Iranian oil tankers — Hero II and Hedy — have bypassed the Persian Gulf blockade and entered the Arabian Sea, part of a wider fleet that has moved about 9 million barrels of crude despite US restrictions. Data shows dozens of Iran-linked vessels continue to pass through the Strait of Hormuz, often switching off tracking systems to evade detection.
Strait of Hormuz Closure: ExxonMobil, Lockheed Martin to BAE Systems — these global stocks to benefit from US-Iran war
The closure of the Strait of Hormuz would disrupt global LNG flows, favouring non-Gulf producers. Companies like Flex LNG and Golar LNG stand to benefit. The situation could increase global inflation and reduce GDP, while non-Gulf oil producers may gain from higher crude prices.