Washington, May 29 (IANS) US Treasury Secretary Scott Bessent expressed confidence that global oil prices could decline rapidly once shipping disruptions in the Gulf ease, arguing that energy markets remain well supplied despite tensions surrounding the Strait of Hormuz.Speaking at a White House briefing, Bessent said the market had already shown resilience and suggested that fears of a prolonged energy shock may be overstated.”There are almost 2,000 ships waiting to come out of the Gulf and I t…
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Washington, May 29 (IANS) US Treasury Secretary Scott Bessent said that President Donald Trump would not accept a “bad deal” with Iran, insisting that any agreement must address Tehran’s nuclear programme and guarantee open shipping lanes through the Strait of Hormuz.Discussions with Iran were continuing, but Treasury Secretary Scott Bessent repeatedly declined to confirm reports of a tentative agreement, telling reporters at the White House that any deal would depend on President Donald Trump’s…
New Delhi, Jan 7 (IANS) Union Minister Nitin Gadkari on Wednesday said that agricultural waste can be converted into a valuable national resource.Speaking at the CSIR’s ‘Technology Transfer Ceremony’ event here, he noted that bio-bitumen is a transformative step towards the vision of ‘Viksit Bharat 2047’.By utilising agro-waste, it reduces pollution caused by crop burning and strengthens the circular economy. With 15 per cent blending, India can save nearly Rs 4,500 crore in foreign exchan…