Oil prices rose slightly on Tuesday as investors awaited clarity after Iran-Israel tensions halted attacks. Brent crude gained 13 cents to $94.38, while WTI rose 11 cents to $91.41 per barrel.
India has outlined key demands in trade talks with the US, including preferential tariffs and assurances against future hikes, as both nations work towards an interim agreement by mid-July.
Brij and Sunita Agrawal donate $5.5 million to St. Luke's Health-Sugar Land Hospital for clinical programs and a new primary care clinic in Texas.
Global oil prices jumped more than 4% after Israel-Iran strikes renewed fears of a prolonged Strait of Hormuz closure, overshadowing hopes of a peace deal.
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Crude oil futures surged over 5% to Rs 8,850 per barrel on Monday, driven by escalating geopolitical tensions in West Asia. July delivery contracts gained Rs 429.
OPEC+ agreed to a fourth consecutive oil output hike of 188,000 bpd from July, even as the US-Iran conflict disrupts supplies through the Strait of Hormuz, keeping actual production well below targets.
Israel intercepted two projectiles from Lebanon as Iran conditions peace talks with US on a ceasefire between Hezbollah and Israel.
The US Treasury intends to use frozen Iranian assets to help Gulf allies rebuild from damages inflicted by Tehran, amid ongoing hostilities and stalled peace talks.
Brazilian President Lula da Silva publicly attacked U.S. Secretary of State Marco Rubio, rejecting Trump's proposed tariffs as false and warning of reciprocal measures amid escalating tensions.
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Rosneft CEO Igor Sechin said US energy companies gained from the Strait of Hormuz closure, warning prolonged disruption could undermine oil demand and boost alternative energy interest.
Explore how Iran's shadow fleet of aging tankers evades sanctions, sustains oil exports, and poses environmental and security risks amid geopolitical tensions.
Russian President Vladimir Putin acknowledged the challenging diplomatic position Moscow faces as Iran continues strikes on Gulf states, balancing ties with Tehran and Arab nations.
India and the US are close to finalizing the first phase of a bilateral trade agreement by mid-July, aiming to boost market access and economic cooperation amid tariff concerns.
Washington's shifting tariff stance demands that India approach trade negotiations with heightened caution to protect its economic interests.
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Commerce minister Piyush Goyal announced that India and the US are finalizing an interim trade agreement, expected to be executed by mid-July, with a US team likely visiting in late June.
The US-Iran conflict has severely impacted rice exports from Karnal, India's Rice Bowl, with 60,000-70,000 tonnes stranded at ports, disrupting shipments to Iran and Middle East.
Despite Trump's latest tariff measures, forced labor remains a global issue with 27.6 million victims, up 2.7 million since 2016, according to ILO.
The US State Department expressed optimism about progress in trade talks with India, calling a bilateral deal a top priority and highlighting the role of US Ambassador Sergio Gor.
Oil prices fell slightly on Friday after Hezbollah rejected a US-backed ceasefire proposal in Lebanon, adding uncertainty to Middle East tensions. Brent crude slipped 0.22% to $95.24, while WTI fell 0.11% to $92.94.
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Russian President Vladimir Putin stated Russia seeks a swift end to the Middle East conflict, rejecting claims of benefiting from energy price hikes. He also praised ties with India.
India and the US have discussed issues beyond trade in goods, including non-tariff measures, customs, trade facilitation, and economic security alignment, as negotiations for a bilateral trade agreement advance.
US envoy Sergio Gor announced that only one percent of issues remain in the India-US trade deal, with talks ongoing in New Delhi and a signing expected within weeks.
US Ambassador Sergio Gor says the Indo-US trade deal is nearly complete, with only 1% of issues remaining. He highlights lower US tariffs for India and the value of the bilateral relationship.
The US has imposed new tariffs on India and other nations over alleged forced labour practices. India's Commerce Ministry says it remains engaged with the US on the matter.
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The India-Oman CEPA comes into force amid Gulf tensions, offering an alternative energy gateway beyond the Strait of Hormuz. With imports surging 246.4%, it serves as a strategic hedge against supply shocks and fuel price volatility.
US Assistant Trade Representative Brendan Lynch arrives in India to finalize an interim trade deal. Ambassador Sergio Gor confirms progress under Modi-Trump vision, despite new US tariff proposals on forced labor.
India responds to US tariff threats under Section 301, stating that discussions on a trade framework are in progress. The move could impact bilateral trade relations.
India is in touch with the US regarding a Section 301 investigation that flags concerns over forced labour and excess industrial capacity, potentially leading to tariffs.
The US Trade Representative has proposed imposing 125% additional duties on imports from India and 53 other countries due to forced labour and import violations.
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US Secretary of State Marco Rubio stated that ending sanction waivers on Russian oil is under consideration, which could impact India's energy imports and strategic ties.
