US Secretary of State Marco Rubio stated the US wants to end sanctions waivers on Russian oil, with the Treasury making the final decision. The waiver, granted in March and extended twice, expires June 17.
Iran warns it may block the Bab El-Mandeb strait, a key shipping route linking the Red Sea to the Gulf of Aden, escalating tensions amid conflicts in Lebanon and Gaza.
Iran warns it may block the Bab al-Mandeb strait, a key maritime chokepoint for global oil shipments, escalating tensions after the Hormuz Strait threat.
Proposed US student visa changes could eliminate flexible status, reduce grace periods, and impact Indian graduates, worsening talent shortages in AI and tech sectors.
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The India-Oman Comprehensive Economic Partnership Agreement (CEPA) has come into force, granting duty-free access to 99.38% of Indian exports by value, a landmark deal in the Gulf region.
Amid flight cancellations and tensions in the Gulf, Karnataka has pivoted mango exports to the US, UK, Australia, and Europe, shipping over 183 tonnes this year.
India and the US are close to finalizing a trade pact, with key tariff terms depending on Section 301 relief. A US delegation will hold talks in New Delhi starting Tuesday.
US naval forces escorted 70 commercial vessels through the Strait of Hormuz, a critical waterway for global oil supplies, amid heightened tensions with Iran.
India may reconsider tariff cuts on Scotch whisky if the UK continues steel import curbs, an official said. The trade pact had reduced tariffs from 150% to 75% initially.
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Commerce Minister Piyush Goyal announced that the first tranche of the India-US bilateral trade agreement is nearing finalisation, with most issues resolved and a US delegation in New Delhi for talks.
The landmark India-Oman trade pact has come into force, enhancing bilateral trade, investment, and strategic cooperation, including an alternative route to the Strait of Hormuz.
India aims to become a top arms exporter by 2026. With strategic policies and growing demand, the nation seeks to transform from importer to global supplier.
Amid Middle East turmoil disrupting the Strait of Hormuz, India's free trade deal with Oman offers a strategic alternative for trade and energy supplies, leveraging Oman's coastline outside the strait.
A major farmer union in Haryana has announced a movement against the proposed India-US trade deal, citing concerns over agricultural imports and farmer livelihoods.
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Geopolitical tensions in the Middle East are driving up costs of everyday essentials like cooking oil, milk, and LPG in India, impacting household budgets.
President Trump announced the US is nearing a 'very good deal' with Iran, following reports of modifications to the nuclear agreement. The potential deal has sparked international attention.
Oman's Maritime Security Centre issued an urgent warning after detecting a suspected floating naval mine in its territorial waters near the Strait of Hormuz, threatening global oil and LNG tankers.
India and the Eurasian Economic Union are exploring a temporary trade arrangement for selected goods as part of complex FTA negotiations, Russia's Economic Development Minister said.
US Ambassador Sergio Gor announced that India and the US are close to finalising an interim trade agreement, unlocking new economic opportunities across trade, technology, AI, semiconductors, and space.
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The India-US trade deal enters its final phase with a crucial round of talks scheduled for next week, aiming to resolve outstanding issues and finalize the agreement.
State Department spokesperson Tommy Pigott says trade remains a priority for the US with India, expecting more meetings to advance the bilateral trade deal.
The Indian government has directed oil companies to maintain 30-day LPG reserves to ensure supply stability during the escalating West Asia crisis.
US President Donald Trump says he will decide imminently on the Iran nuclear deal, insisting the Strait of Hormuz must remain open for global oil shipments.
US Treasury Secretary Scott Bessent warned of harsh sanctions against Oman if it helps Iran impose tolls in the Strait of Hormuz, escalating Gulf tensions and raising fears of a wider Middle East conflict.
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Japan has reimposed a ban on Indian mango imports after 20 years, citing inadequate pest control measures. The ban, previously lifted in 2006, restores restrictions due to fruit fly concerns.
With 17 fertiliser ships stranded in the Persian Gulf due to conflict, India plans to transport cargo via road to Yanbu Port in Saudi Arabia, then by sea to Indian ports, despite longer transit times and higher costs.
Oil prices fell slightly on Friday amid reports of a potential US-Iran ceasefire extension, though persistent Middle East tensions and unresolved nuclear issues limited the decline.
US Treasury Secretary threatens Oman over proposed toll collection with Iran in the Strait of Hormuz, escalating tensions in the region.
US and Iranian negotiators have reached a tentative agreement to extend the current ceasefire and initiate new nuclear negotiations, aiming to de-escalate tensions.
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Pakistan's tax regime is pushing formal businesses to the brink, with high rates and complex procedures driving many into the informal sector or closure.
