Washington, April 2 (IANS) Global markets fell, and oil prices rose after US President Donald Trump signalled the Iran conflict would continue for weeks, raising concerns about supply disruptions and prolonged economic fallout, according to American media reports.US stock futures declined after Trump’s address, with S&P 500 futures down about 0.8 per cent, Nasdaq futures losing around 1 per cent, and Dow futures falling roughly 350 points, reported US media, including The Wall Street Journ…
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Washington, April 2 (IANS) US President Donald Trump has said countries dependent on Middle East oil should take responsibility for securing the Strait of Hormuz, as he blamed Iran for disruptions and rising fuel prices linked to the conflict. In his televised address to the nation on Wednesday night (local time), Trump said recent increases in gasoline prices were “entirely the result of the Iranian regime launching deranged terror attacks against commercial oil tankers and neighbouring count…
New Delhi, March 27 (IANS) The Ministry of External Affairs (MEA) said on Friday that four ships laden with LPG have arrived in India after crossing the Strait of Hormuz and assured that New Delhi is in touch with concerned countries for the safe transit of its ships to meet its energy needs. While addressing a weekly media briefing in New Delhi on Friday, MEA spokesperson Randhir Jaiswal said that India’s approach to sourcing its energy needs is based on the imperative to secure the needs of 1….
Washington, March 27 (IANS) China is recalibrating its approach to the Iran conflict, signalling support for de-escalation as it prepares for high-stakes talks with the United States, a former senior US government official said.The remarks come as President Donald Trump plans a visit to China next month, even as the conflict in the Gulf continues to escalate.“It was quite remarkable that the President was prepared to go to China, really, in the middle of this substantial war,” the former off…
Washington, March 21 (IANS) The United States on Friday night issued a narrow, short-term authorisation allowing the sale of Iranian oil already stranded at sea, a move the Trump administration says will quickly boost global supply while maintaining pressure on Tehran, according to the Treasury Department and media reports. Treasury Secretary Scott Bessent said the step is designed to stabilise energy markets amid ongoing conflict and supply disruptions.“Today, the Department of the Treasury i…
Washington, March 21 (IANS) The United States has announced a 30-day sanctions waiver permitting the sale of Iranian oil currently stranded at sea, in a move aimed at easing mounting pressure on global energy supplies triggered by the ongoing conflict with Iran.Taking to X, US Treasury Secretary Scott Bessent said the decision is intended to quickly stabilise global markets by unlocking already available oil supplies.“By temporarily unlocking this existing supply for the world, the United Stat…
Washington, March 20 (IANS) Rising costs of the Iran war and its impact on global markets are deepening divisions in Congress, with Republicans and Democrats questioning the scale and purpose of a proposed funding request that could exceed $200 billion, according to multiple US media reports.The White House is preparing to seek massive new funding for the conflict, even as scepticism grows within President Donald Trump’s own party over the lack of a clear strategy and timeline, CNN reported. L…
Washington, March 18 (IANS) The United States is repositioning the Export-Import Bank as a “frontline economic tool,” its chief told lawmakers, underscoring a sharper push to bolster American exporters and counter global competition led by China.Testifying before a House subcommittee, EXIM President and Chairman John Jovanovic said the bank is being aligned with efforts to reindustrialise the U.S., secure supply chains, and strengthen economic security.“As many of you have noted, EXIM is o…
Washington, March 13 (IANS) The world is facing a “significant disruption in the short term” to secure global energy flows in the long run, US Energy Secretary Chris Wright said, defending Washington’s decision to release oil reserves amid the war involving Iran.“We’re in the midst of a significant disruption in the short term to fix the security of energy flow for the long term,” Wright said in an interview with CNN.The United States has announced plans to release about 172 million …
New Delhi, March 10 (IANS) The Trade and Economic Partnership Agreement (TEPA) between India and the European Free Trade Association (EFTA) has completed two years since its signing, with the government on Tuesday highlighted that the pact is strengthening cooperation in trade, investment, services and technology.The agreement, which came into effect on October 1, 2025, is expected to deepen India’s economic ties with the EFTA member countries — Iceland, Liechtenstein, Norway and Switzerland …