The Indian rupee appreciated by 4 paise to 94.39 against the US dollar in early trade on Monday, supported by strong FCNR-related dollar inflows. Elevated crude oil prices and renewed US-Iran tensions, however, limited further gains. Rupee Gains as FCNR Dollar Inflows Improve Liquidity The rupee opened at 94.40 against the US dollar at the interbank foreign exchange market before strengthening to 94.39. This represented a gain of 4 paise from the 94.43 clo

Iran has linked the opening of the Strait of Hormuz to an end to US threats and military attacks. Security chief Mohsen Rezaei also announced plans for a restricted maritime zone extending into parts of the Persian Gulf, increasing concerns over shipping and energy supplies. Strait of Hormuz Opening Linked to US Military Actions Mohsen Rezaei, secretary of Iran’s Supreme National Security Council, said Tehran would commit to keeping the Strait of Hormuz

US President Donald Trump claimed Washington had near-total control of the Strait of Hormuz in a Truth Social post reported Wednesday, September 2, 2026. The remarks came from Washington amid renewed US strikes, Iranian retaliation and rising concerns over shipping and global oil supplies. US President Donald Trump has claimed that the United States has “almost total control” of the Strait of Hormuz as the military co

US forces struck two Iranian launchers near the Strait of Hormuz before Iran retaliated against American military sites in Jordan. US-Iran conflict resumes after month-long military lull Direct fighting between the United States and Iran resumed on Sunday after a pause of nearly one month, renewing concerns about a wider Middle East escalation and disruption to global energy supplies. US forces struck two launchers operated by Iran’s Is

US sanctions target India-based firms and individuals The United States has imposed sanctions on four India-based companies and three Indian nationals over allegations linked to Iranian-origin oil and petrochemical trade. The measures are part of Washington’s wider campaign to restrict Iran’s access to overseas revenue and financial networks. According to the U.S. Treasury Department, the action covers transactions involving an estimated $119 million in Irani

Washington, DC: The US is pressing allies and China to support President Donald Trump’s intensified economic campaign aimed at isolating Iran. The United States has stepped up pressure on its allies and China to support President Donald Trump’s new economic campaign against Iran, as Washington prepares additional measures designed to deepen Tehran’s financial isolation. US Treasury Secretary Scott Bessent said countries maintaining economic links wit

Washington, DC: US Treasury Secretary Scott Bessent has warned Iran of sweeping new sanctions while urging China and other countries to support Washington’s economic pressure campaign. US Treasury Secretary Scott Bessent has warned that Iran will face what he described as the “toughest sanctions in history” as Washington prepares a new phase of economic pressure against Tehran. Bessent said the United States intends to coordinate with other countries to isolat

U.S. President Donald Trump said no talks are under way or scheduled with Iran, while Tehran insisted the Strait of Hormuz remains closed to shipping, exposing a widening gap after a ceasefire expired. Iranian officials said the strategic waterway would stay shut until Washington met conditions linked to an interim agreement signed in June. Trump Rules Out Talks With Iran Trump’s statement reduced expectations of an immediate diplomatic breakthro

Donald Trump is weighing a possible compromise with Iran as negotiations move closer to reopening the strategically vital Strait of Hormuz. Disagreements over Iranian control and transit fees remain key obstacles as economic, military and political pressure builds on Washington. US President Donald Trump is facing a difficult diplomatic choice as Washington and Tehran move closer to a potential agreement aimed at restoring commercial shipping through the Strait

Iran and Oman have agreed on coordinates for a proposed Strait of Hormuz route that could give Tehran oversight of ships entering the Gulf. The framework could reshape global energy shipping, but inspection powers, transit payments and outbound vessel controls remain unresolved. Iran-Oman Hormuz Route Reaches Crucial Stage Iran and Oman have reached an understanding on the geographical coordinates of a proposed shipping route through

U.S.-Russia Sanctions Bill Raises Tariff Concerns for India The proposed US sanctions bill could authorise tariffs of up to 100% on major buyers of Russian energy, including India. However, the measure is not yet law, and any tariff would depend on congressional approval and the US president’s decision. US Russia Sanctions Bill: What It Could Mean for India The Russia sanctions bill's impact on India has emerged as a major

Tanker Explosion Reported After Mine Strike in Strait of Hormuz An unidentified oil tanker reportedly exploded after striking a naval mine in the Strait of Hormuz on Sunday, July 26, 2026. Iranian media claimed the vessel had moved outside a navigation route designated by Tehran, but the incident has not been independently verified. Tanker Mine Blast Raises New Hormuz Shipping Concerns The reported Strait of Hormuz tanker bla

Nagercoil Custody Death: Three Prison Staff Held After Autopsy Finds 19 Injuries The Sabari Varman custody death has triggered protests and a political controversy in Tamil Nadu after a postmortem examination reportedly found 19 injuries on the body of the 35-year-old remand prisoner. Sabari Varman, a shopkeeper and person with a disability from Ethancadu in Kanniyakumari district, died on July 13, 2026, after being found unconscious inside the Nagercoil prison.

Petrol, Diesel Price Cut: Nayara Slashes Rates From July 1 Motorists received limited relief on July 1, 2026, after private fuel retailer Nayara Energy reduced petrol prices by Rs 5 per litre and diesel prices by Rs 3 per litre across its fuel station network. The company’s move comes as international crude oil prices softened after easing tensions in West Asia. Nayara Energy Announces Fuel Price Cut Nayara Energy, one of I

Jet Fuel Price Cut Gives Airlines Relief As ATF Falls By Rs 5/Litre Aviation turbine fuel prices in India have been reduced by nearly Rs 5 per litre from July 1, 2026, offering fresh relief to domestic airlines at a time when global crude oil prices have started easing. The revised ATF rate in Delhi is now around Rs 110 per litre, according to the latest price notifications reported by media outlets. ATF Price Cut Comes As Crude Oil Softens