Iran war keeps US inflation high, threatens Wall Street rally
US stocks edged lower on Monday as hopes faded for an imminent deal to reopen the Strait of Hormuz, Reuters reported. The Dow fell 0.28%, the S&P 500 lost 0.09%, and the…
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JD Vance Says Iran Has No Plans to Toll Hormuz Strait
US Vice President JD Vance has claimed that Iranian officials told Washington they have “no plans” to impose a toll on ships passing through the Strait of Hormuz. NDTV reports that Vance…
Centre hikes export levy on diesel, ATF, petrol
The government has raised export levies on petrol to ₹3.5 per litre, diesel to ₹24 per litre, and ATF to ₹22 per litre in its latest fortnightly review, effective since August 1.…
Strait of Hormuz talks stall as Iran sets sweeping demands on US
Iran has presented five sweeping demands to the United States for reopening the Strait of Hormuz, including lifting the naval blockade, removing sanctions, withdrawing US military forces, paying war reparations, and releasing…
Fuel prices stable on July 31; Delhi petrol Rs 102.12 per litre
Petrol and diesel prices remained steady across major Indian cities on 31 July 2026, The Hans India reports. Delhi saw petrol at Rs 102.12 per litre and diesel at Rs 95.20. Mumbai:…
Iran, US trade strikes after Saudi attack
Iran launched ballistic missiles at a US airbase in Jordan on Wednesday, hours after American and Saudi jets struck Iran-backed Iraqi militias, killing at least 20 fighters. The Associated Press reports that…
Arthur Laffer: Oil below $60; Nilesh Shah: AI reforms key
Economist Arthur Laffer has predicted that global oil prices could fall below $60 a barrel once supply through the Strait of Hormuz normalises, providing relief to the world economy. Speaking at an…
O’Leary Says Gas Prices Could Shape US 2026 Elections
Canadian investor Kevin O’Leary says strong Wall Street gains and corporate earnings may not decide the 2026 US elections because many households still face high costs. He points to inflation above 3%…
Iran-Oman Hormuz reopening plan faces US objections and approval hurdles
Iran and Oman are discussing a temporary reopening of the Strait of Hormuz, but reports differ over the terms. Livemint, citing Iran’s Fars news agency, says Tehran’s draft would bar US and…
US stocks retreat after record run as oil prices rebound
US stocks closed lower on Thursday after the Dow and S&P 500 reached records earlier in the week. The Dow fell 453.64 points, or 0.83%, to 53,895.48. The S&P 500 dropped 0.18%…
