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US Agrees Not To Impose New Sanctions On Iran Under Draft MoU, Signing To Take Place Virtually: Report
Draft deal envisages no new US sanctions on Iran, release of frozen assets and reopening of key shipping route, reports say.
Disclosure Day Review: Great Craft, Familiar Melody
Steven Spielberg's new sci-fi movie Disclosure Day stars Emily Blunt in a well crafted but deeply familiar alien conspiracy thriller.
Dollar index retreats amid reduced safe haven demand as Trump signals peace agreement with Iran
Dollar index is trading mildly lower on Friday, weighed down by reduced safe-haven demand as President Donald Trump said a peace agreement with Iran could be signed as soon as this weekend. According to Trump, the agreement would safely reopen shipping lanes through the critical Strait of Hormuz and include firm commitments from Iran to forgo the development of nuclear weapons, media reports stated. Sharp drop in oil prices amid improving optimism of a peace deal could ease concerns about stubborn inflation and the need for interest rate hikes in near futures is adding pressure on the greenback. The yield on the US 10-year Treasury note hovered around 4.47% on Friday. At the time of writing, DXY that measures the greenback against a basket of currencies is quoting at 99.55 after having hit 100 at the start of the week. For the week, DXY is down around half a percent.
SpaceX IPO Opens Today: Inside The Sci-Fi Vision Of Musk's Multiplanetary Future
Most companies measure success in profits and market share. SpaceX's prospectus introduces a much larger benchmark.
Will increase seafarer repatriations if needed: Shipping Ministry’s Mukesh Mangal
India plans to increase efforts to bring back its seafarers from West Asia if needed. Currently, 18,000 Indian seafarers are in the region. The government has already facilitated the safe return of over 3,500 seafarers. Recent incidents have involved Indian crew members, with some losing their lives. The ministry is monitoring the situation closely.
Three Indian Sailors Killed After US Hits Ship Off Oman Coast, Bodies Identified
The ministry condemned the targeting of commercial shipping as "deeply worrisome" .
Brazil ready to ramp up crude supplies to India as Iran war disrupts gulf flows
Brazil is ready to increase oil supplies to India. This comes as India seeks to diversify its crude sources due to shipping issues. Brazil's oil exports to India have already doubled. India is also considering investments in Brazil's offshore oil blocks. Brazil wants Indian investment in its refining sector in return for more crude.
Disclosure Day India Release: Date, Cast, Plot, Reviews And More About Steven Spielberg's Sci-Fi Thriller
Disclosure Day stars Emily Blunt, Josh O'Connor, Colin Firth, Eve Hewson, Wyatt Russell and Elizabeth Marvel in key roles.
Shreeji Shipping Services India consolidated net profit declines 18.10% in the March 2026 quarter
Sales rise 20.49% to Rs 188.07 crore
Govt Forgoes Rs 1.23 Lakh Crore To Support OMCs After Petrol, Diesel Duty Cuts: Sources
The aid comes amid a global energy disruption triggered by the West Asia war and blockade of key maritime shipping route Strait of Hormuz.
India's May fuel consumption up 2.4%; LPG demand drops 20% amid Hormuz disruptions
India's fuel consumption rose to 19.93 million metric tons in May, a slight increase from April but a 6.5% drop year-on-year. Liquefied petroleum gas consumption plummeted by approximately 20% due to shipping disruptions and sanctions impacting Iranian imports. Gasoline sales declined, while diesel consumption saw an increase.
From trickle to torrent: Hormuz reopening may trigger a global oil flood
The reopening of the Strait of Hormuz could trigger a faster-than-expected recovery in global oil supplies. With tankers already positioned near the Gulf and oil infrastructure largely preserved during the shutdown, producers are expected to ramp up output quickly once shipping resumes. Industry experts believe a significant portion of the region's production capacity could return within days or weeks, helping restore market balance and easing concerns about prolonged supply disruptions.