Economics

The US Treasury Department issued a 30-day temporary waiver (codified as General License 133) allowing Indian state and private refiners to purchase Russian ...

Economists and policy analysts are drawing comparisons between the economic fallout of the current Iran conflict (2026) and the Russia-Ukraine war (2022), fi...

Despite the West Asia conflict that began on 28 February 2026 driving safe-haven gold demand globally, domestic gold prices in India have remained relatively...

India faces acute economic stress from the Strait of Hormuz closure: disruption to LPG supply chains, rising crude oil prices, and inflationary pressures on ...

Gita Gopinath, former Chief Economist of the International Monetary Fund (IMF), warned that if crude oil prices average around $85 per barrel for 2026, headl...

US President Donald Trump publicly called on other nations — specifically naming China, Japan, and Australia — to contribute naval assets to secure the Strai...

Operations at Dubai International Airport (DXB) were temporarily suspended after a drone strike caused a fire at a nearby fuel storage tank. The attack is pa...

A study by the Institute for Energy Economics and Financial Analysis (IEEFA) published in October 2025 found that electric cooking costs approximately 37% le...

The International Energy Agency (IEA) announced the release of 400 million barrels of oil from member countries' emergency strategic reserves — the largest s...

Kharg Island, which handles approximately 90% of Iran's crude oil exports, has remained untouched despite sustained US-Israeli strikes on Iranian military an...

India's wholesale price inflation (WPI) accelerated to 2.13% in February 2026 from 1.81% in January 2026, marking the highest reading in 11 months and the fo...

India is intensifying diplomatic engagement with Iran to manage severe gas shortages triggered by the closure of the Strait of Hormuz following US-Israeli st...

India's Wholesale Price Index (WPI)-based inflation rose for the fourth consecutive month to 2.13% in February 2026 (year-on-year), up from 1.81% in January ...

External Affairs Minister S. Jaishankar confirmed that India secured safe passage for two Indian-flagged LPG tankers through the Strait of Hormuz following d...

The IEA confirmed that emergency oil stockpile releases from Asia-Oceania member countries would flow immediately to markets disrupted by the Iran conflict, ...

Tamil Nadu Finance Minister Thangam Thennarasu pushed back against characterisations of the state's welfare schemes as fiscally irresponsible, arguing that d...

The United States Trade Representative (USTR) launched two separate Section 301 investigations targeting India and 15 other trading partners in March 2026. T...

Industry estimates indicate that nearly 70% of outbound shipments from India have been affected by the prolonged West Asia conflict, which has effectively cl...

The Indian-flagged Suezmax crude tanker Jag Laadki safely departed Fujairah (UAE) on March 15, 2026, carrying approximately 80,800 tonnes of Murban crude oil...

A parliamentary panel recommended that the Income Tax (I-T) department set up an "Expert Litigation Committee" to vet appeals before they are filed in courts...