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CBIC rolls out green channel to speed emergency imports during oil spill crises
In a significant move to bolster environmental protection, the Central Board of Indirect Taxes and Customs has launched a dedicated 'green channel' for swift customs clearance during oil and hazardous spill emergencies. This initiative, driven by a Coast Guard request, aims to expedite the movement of crucial response equipment, thereby enhancing India's preparedness for marine pollution incidents and fulfilling international maritime commitments.
DXY holds around 99 mark; US PCE inflation data in focus
The dollar index is holding around 99 mark but broad momentum stays downbeat as optimism grows over a possible peace deal between US and Iran. However, renewed tensions and ongoing uncertainty around the strategic Strait of Hormuz is likely to keep DXY supported. US military reportedly confirmed it launched self-defense strikes in southern Iran, while Irans Revolutionary Guard claimed it targeted an American F-35 fighter jet and several drones that had allegedly violated Iranian airspace. Off late, Middle East tensions had driven a safe-haven flight to the US Dollar while simultaneously spiking oil prices, which fuels sticky US inflation and forces the Federal Reserve to delay rate cuts. Investor now shift focus towards upcoming PCE inflation data for further clues on the Feds future policy direction. The dollar index that measures the greenback against a basket of currencies is quoting at 98.99, down 0.12% on the day.
Nasdaq 100 Breakout Holds—but Rising Oil Keeps Bulls on Guard - Investing.com India
Nasdaq 100 Breakout Holds—but Rising Oil Keeps Bulls on GuardInvesting.com India
Iran Targets 10 Oil Tankers As It Takes Full Control Of Strait Of Hormuz
Iran's Revolutionary Guard Corps has seized 'full control' of the Strait of Hormuz.
Iran Guards claim ‘complete control’ of Strait of Hormuz, warn ships face missile and drone risk
Israel-Iran War: The Iranian Revolutionary Guard Corps has stepped forward with a significant statement, claiming sovereignty over the pivotal Strait of Hormuz—a corridor that facilitates a vast amount of the world's oil and gas shipments. Their cautionary note to vessels indicates potential threats from missiles or drones, coinciding with a surge in regional tensions.