Market News
Stay updated with the latest market trends, earnings, and economic indicators.
India must fast-track chip self-reliance as import bill and security risks mount, says NITI Aayog
India must speed up its domestic chip manufacturing efforts. Self-reliance in semiconductors is crucial for the nation's economy and security. Global supply chains are shifting, creating a limited opportunity for India to become a key player. Developing this sector will lower costs for advanced technologies and safeguard defense programs. This is vital for India's progress.
US adds Persian Gulf Strait Authority to sanctions list, Treasury website shows
The US has imposed new Iran sanctions, targeting the Persian Gulf Strait Authority, responsible for managing passage through the vital Strait of Hormuz. This move comes as Iran's control over the waterway, crucial for global oil, has caused economic instability. The authority recently asserted Tehran's territorial claims in the region.
Global power equations to shift further towards energy, critical minerals: Former Vedanta Group CEO
Global power is shifting towards energy security and resource control. Geopolitical tensions are reshaping industrial supply chains. Critical minerals are becoming as vital as oil was. Countries controlling these resources will gain leverage. India must accelerate domestic exploration and build processing ecosystems. Future economic strength depends on securing energy and critical minerals.
Edible oil industry body calls for boosting output, adopting modern farming amid West Asia crisis
India's edible oil imports are a significant economic concern. The Solvent Extractors' Association of India urges increased domestic oilseed production and smarter consumption. These steps are vital for national economic and strategic resilience. The industry seeks policy support to navigate global disruptions and currency fluctuations. Focusing on self-sufficiency offers a path to avoid future crises.
Suezmax tanker with Iraqi crude reaches India after Hormuz transit
An Iraqi crude oil tanker is heading towards India after navigating the Strait of Hormuz. Commercial ship movements through the vital waterway are still low. This comes as the conflict enters its twelfth week. Iran has not eased its blockade of Hormuz. The tanker Karolos was seen sailing away from the strait. Vessel tracking data shows these developments.
World oil supply to fall below demand in 2026, says IEA, as deadlock in Iran war continues
IEA warns the US Iran war in the Strait of Hormuz is slashing oil flows, projecting a 2026 supply shortfall and higher Brent Crude, as Iran eyes new tolls on the vital corridor
India, Russia in advanced talks on critical minerals pact, sources say
India and Russia are nearing a critical minerals deal. The agreement will cover exploration, processing, and technology for vital resources like lithium and rare earths. This move aims to reduce India's reliance on China. Corporate investments will also be facilitated.
Aramco CEO Warns of Long Oil Market Disruption as Profit Jumps
Saudi Aramco’s boss warned of a long disruption to oil markets from the near closure of the Strait of Hormuz, while the company reported a jump in profit following higher prices and its ability to redirect exports via a pipeline bypassing the vital waterway.
Oil Spill Likely Near Iran's Export Hub Kharg, Satellite Images Suggests
Satellite imagery indicates a suspected oil spill near Iran's vital Kharg Island export terminal in the Persian Gulf.
OPEC+ set to approve third supply increase since Hormuz disruption, sources say
OPEC+ plans a small oil output increase. This boost will be symbolic as the U.S.-Iran conflict blocks vital Gulf oil routes. The Strait of Hormuz closure severely limits exports from key members. This disruption has already sent oil prices soaring. Analysts warn of jet fuel shortages and rising global inflation.
China asks Iran to ensure freedom of navigation through Strait of Hormuz
China's Foreign Minister Wang Yi has urged Iran to guarantee safe passage through the Strait of Hormuz. This critical waterway is vital for global oil trade. China, a major importer of Iranian oil, is concerned about energy disruptions. The call comes as Pakistan attempts to mediate new peace talks between the US and Iran.
A panicked race for barrels grips the global oil market
A desperate scramble for immediately available oil supplies is occurring globally, with traders paying unprecedented prices for prompt cargoes. This physical market frenzy contrasts with futures, highlighting a significant crude shortfall as Middle East supplies are disrupted. Refiners may cut production, deepening shortages of vital products like diesel and jet fuel.