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New Delhi (ABC Live): Iran is using the Strait of Hormuz as a weapon of war because it is the narrow point where geography, oil, shipping, diplomacy, and inflation meet. As ABC Live noted in its earlier explainer on whether the Iran war could trigger a wider global conflict, this war is no longer just about missiles and military strikes. It is also about economic pressure, energy routes, and the costs that can be imposed on the wider world. The Strait of Hormuz remains one of the world's most i ...Read More >
The Indian Rupee weakened against the US Dollar today. Month-end import demand and higher global crude oil prices are impacting the currency. Investors are awaiting the Federal Reserve's policy decision for further direction. Meanwhile, Indian equity markets showed gains in early trade. Crude oil imports from the United States have seen a significant increase. The rupee depreciated 21 paise to 88.40 against the US dollar in early trade on Tuesday, weighed down by month-end dollar demand from im ...Read More >
Kedia Advisory - Crude oil yesterday settled lower by 1.68% at 5,145 as investors reacted to concerns over a potential supply surplus and renewed trade tensions between the U.S. and China. The International Energy Agency (IEA) forecasted that the global oil market could face a surplus of up to 4 million barrels per day in 2026, significantly higher than earlier estimates, amid rising output from OPEC+ and sluggish demand growth. The ongoing U.S.-China trade dispute, with both nations imposing ne ...Read More >
PUNE: The Supreme Court on Wednesday said the work on the proposed Indian Law Society (ILS) Hill Road in Pune, part of the Balbharati-Paud Phata Link Road project, can proceed only after obtaining necessary environmental clearance (EC). The case was heard by a bench of Chief Justice Bhushan Gavai and Justice Vinod Chandran. Solicitor General Tushar Mehta, along with advocates Abhijit Kulkarni, Rahul Garg, Dhaval Malhotra, and Nisha Chavan, represented the Pune Municipal Corporation (PMC). "We ...Read More >
India's rice exports for marketing year 2025-26 (October-September) are set to rise to 22-23 million metric tons, up 10%-15% year over year with the ambitious expectations to close exports at 30 million mt, up 50% year over year, against the backdrop of a bumper crop with estimated production at 145 mil mt, up 7% up year over year, Prem Garg, National president of Indian Rice Exporters Federation and chairman of the Shri Lal Mahal Group, told Platts. Meanwhile, as per IREF estimates, surplus st ...Read More >
NEW DELHI: India on Monday launched its first national policy on geothermal energy, joining a growing list of countries betting on subterranean heat to power their clean energy transitions. India's Ministry of New and Renewable Energy said the policy aims to unlock the country's untapped geothermal potential through incentives and regulations. It also encourages repurposing abandoned oil and gas wells and deploying ground source heat pumps for heating and cooling. WHY IT'S IMPORTANT Countrie ...Read More >
Chennai: Tamil Nadu Chief Minister M K Stalin on Friday wrote to Prime Minister Narendra Modi objecting to exemption from public consultation for atomic mining projects. He cited an Office Memorandum issued by the Impact Assessment Division of the Ministry of Environment, whereby all mining projects of atomic minerals notified in Part B and critical and strategic minerals notified in Part D of the First Schedule of the Mines and Minerals (Development and Regulation) Act have been exempted from ...Read More >
Bengaluru - In what is being hailed as the largest industrial transformation in Dutch history, Tata Steel Nederland has submitted its Environmental Impact Assessment (EIA) to the Province of North Holland - marking a major milestone in its ambitious Green Steel plan. The comprehensive report lays bare the environmental and health implications of Tata's plans to overhaul its steel production at the Ijmuiden site. The new steel plant, which will operate using natural gas and green electricity ins ...Read More >
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