Ottawa, April 18 (IANS) Air Canada has announced it will suspend service on several routes to the United States due to soaring jet fuel costs. According to a statement from Canada’s largest carrier on Friday (local time), jet fuel prices have doubled since the start of the Iran conflict, rendering some routes and flights no longer economically feasible.The suspensions affect a mix of transborder and domestic services. Service from Montreal and Toronto to New York’s John F. Kennedy International …
Latest Iran conflict News & Updates
Washington, April 15 (IANS) Senate Democrats escalated pressure on President Donald Trump over the conflict with Iran, announcing plans to force repeated votes to end what they called an “illegal war of choice”, as Republicans defended the administration’s strategy and actions.Senate Minority Leader Charles Schumer said Democrats would “force that choice week after week after week”, accusing Republicans of creating “chaos abroad” and “chaos here” by backing the president and bl…
New Delhi, April 13 (IANS) India’s economy is in a structurally resilient expansionary phase, and markets could deliver returns above long‑term averages as valuations are favourable, a report said on Monday.The report from investment management firm OmniScience Capital said the economy is in a goldilocks phase with high real gross value added (GVA) growth of 7–8 per cent with inflation anchored within the Reserve Bank of India’s target band.The recent market correction of around 13 per c…
New Delhi, April 9 (IANS) Union Petroleum and Natural Gas Minister Hardeep Singh Puri is set to visit Qatar between April 9 and April 10 to discuss liquefied natural gas (LNG) supplies amid disruptions triggered by the ongoing Iran conflict, the ministry said on Thursday.In a post on X, the Ministry said, “Union Minister for Petroleum & Natural Gas, Hardeep S. Puri, will be on an official visit to the State of Qatar on April 9–10, 2026.”India has been ensuring adequate gas availability for…
New Delhi, April 6 (IANS) The International Monetary Fund (IMF) has asked Pakistan to eliminate, at the earliest, distortions in the pricing of petroleum products due to the subsidy extended by the federal government to consumers amid the surge in global prices triggered by the Iran war, local media reports said on Monday.A senior government official has confirmed that the IMF remains concerned about existing distortions, particularly in diesel pricing, and is pushing for their early removal, th…
New Delhi, April 6 (IANS) State-run oil marketing company Indian Oil Corporation Ltd (IOCL) on Monday said commercial LPG supply has recovered to around 70 per cent of pre-crisis levels amid ongoing geopolitical disruptions.The PSU firm further noted that it continues to work towards maintaining reliable and efficient energy access, aiming to support both households and businesses during the current period of uncertainty.Meanwhile, the Ministry of Petroleum and Natural Gas has said that online L…
New Delhi, April 5 (IANS) As the West Asia situation is still evolving, the Reserve Bank of India (RBI) is likely to maintain status quo in the upcoming monetary policy committee (MPC) meeting next week (April 6-8), a report by SBI Research said on Sunday.As the first policy since the staring of US-Israel and Iran war, the RBI would be much careful in communicating its position.The Central Bank needs to “concomitantly explore the probability of conducting Operation Twist” that pushes up the …
Seoul, March 31 (IANS) The government will operate a crude oil swap system with private companies, starting Tuesday, in a bid to help oil refineries secure alternative oil supplies and minimise supply disruptions, the industry ministry said.Under the system, set to run over the next two months, the government will lend some of its oil reserves, mostly Middle Eastern crude, to oil refineries and later restore the stock with alternative supplies secured by the companies, reports Yonhap news agency…
Washington, March 31 (IANS) The Trump administration on Monday acknowledged rising fuel costs linked to the ongoing Iran conflict but described them as “short-term fluctuations”, even as it defended its military campaign and broader strategy to stabilise global energy markets. Press Secretary Karoline Leavitt said the administration was “fully tracking this short-term fluctuation in oil and diesel prices” and had taken steps to increase supply and ease pressure on consumers.She said meas…
Washington, March 30 (IANS) A prolonged funding standoff over the Department of Homeland Security (DHS) has disrupted US airports, with officials warning of mounting strain as hundreds of Transportation Security Administration (TSA) officers quit and others call in sick during a partial government shutdown now in its 44th day. The White House on Sunday moved to ease the pressure by redirecting funds to pay TSA workers, but the political deadlock shows no sign of resolution, with US Congress away…