Gold, silver prices swing on MCX as oil, dollar, Fed jostle
Gold and silver prices on the Multi Commodity Exchange (MCX) saw sharp swings over two trading sessions. On Monday, August 17, Livemint reported gold and silver rose by up to 1% in…
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China shielded from oil shock by reserves and EVs
China has weathered the West Asia crisis and Strait of Hormuz disruption far better than India, Japan, and South Korea, rediff.com reports. Despite losing access to 5-6 million barrels per day of…
Sensex, Nifty fall for fifth day on crude surge, IT slump
Indian benchmark indices Sensex and Nifty fell for a fifth straight session on Monday, dragged by rising crude oil prices and selling in IT stocks. The Sensex dropped 281.09 points (0.36%) to…
Secret oil shipments through Strait of Hormuz keep prices in check
Bloomberg reports that Middle Eastern oil producers have been secretly shipping fossil fuels through the Strait of Hormuz for months, with vessels turning off their transponders to avoid detection. The covert trade,…
Iran offers $30,000 bounty to capture or kill US soldiers
Iranian Army chief Amir Hatami has announced a bounty of $30,000 (5 billion tomans) for anyone who captures or kills a US soldier. The reward doubles to $60,000 if carried out by…
Iran rejects Trump’s plan to declare Strait of Hormuz US territory
Iran has rejected President Donald Trump’s suggestion that he could declare the Strait of Hormuz a US territory, as a 60-day negotiating period between the two sides is set to expire on…
Iranian commander offers $30,000 bounty for US soldiers
Iranian army commander-in-chief Amir Hatami has announced a bounty of $30,000 (over Rs 28 lakh) for any Iranian who captures or kills an American soldier. According to the Tasnim news agency, Hatami…
Covert oil flows via Hormuz keep prices stable despite war risks
Middle Eastern oil producers are covertly ferrying large volumes of crude through the Strait of Hormuz, helping keep global prices in check even as the Iran war continues. Livemint.com reports that the…
Iran says Hormuz reopening separate from Oman talks
Iranian Foreign Minister Abbas Araghchi has said negotiations with Oman on new shipping routes in the Strait of Hormuz are "completely separate" from the reopening of the strategic waterway. The Strait of…
Government sets LPG production targets for refiners after Hormuz crisis
The government has for the first time fixed maximum LPG production targets for 21 individual refineries and upstream companies, aiming to build a domestic supply buffer after the West Asia conflict exposed…
