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US-Iran framework advances as Hormuz pressure rises
Washington and Tehran moved closer to a possible framework aimed at lowering military tensions and reopening the Strait of Hormuz, after President Donald Trump said a peace understanding had been “largely negotiated” while Iran indicated that major gaps still needed to be closed.The diplomatic push gathered pace over the...
Fuel prices rise as crude shock deepens
Petrol and diesel prices rose by up to 91 paise a litre on Saturday, the third increase in less than 10 days, as state-owned fuel retailers moved to recover part of the losses caused by elevated crude costs linked to the West Asia conflict. Delhi’s petrol price climbed by...
Hormuz crossings signal cautious diplomatic opening
Iran’s Revolutionary Guard has coordinated safe passage for 26 vessels through the Strait of Hormuz, offering the clearest sign yet of a controlled easing in one of the world’s most sensitive maritime chokepoints since the Gulf conflict began on February 28. The passage, completed within a 24-hour window, included...
Rupee slide squeezes household budgets
Household budgets across India face a fresh strain as the rupee’s slide to record lows threatens to raise the cost of fuel, imported electronics, overseas education, foreign travel and daily essentials over the coming months. The currency weakened to around 96.96 against the US dollar on May 20 before...
Trump holds fire as Tehran pivots east
US President Donald Trump has halted a planned military strike on Iran, saying negotiations with Tehran had become “serious”, while warning that force could return swiftly if talks fail to produce an agreement. The decision has temporarily eased fears of a wider regional escalation, but it has not removed...
Fuel price rise deepens household strain
Petrol and diesel prices have climbed for the second time in less than a week, adding fresh pressure on households, transporters and small businesses already facing higher energy costs linked to global crude volatility. The latest revision raised fuel rates by about 90 paise a litre across major markets...
