Reuters

As oil prices surged, US President Donald ​Trump again demanded Fed Chair Jerome Powell cut interest rates

An India-flagged oil tanker moved out from the east of the Strait of Hormuz carrying gasoline bound for Africa, an Indian government official said on Friday

US President Donald Trump said Washington could escort vessels through the Strait of Hormuz if necessary, as tensions with Iran escalate and oil prices surge amid the ongoing West Asia conflict

IndiGo and Air India are seeking tax relief and lower airport charges from the government as the Iran conflict and Pakistan airspace ban force longer routes and push up operating costs

Jindal Stainless, the country's biggest stainless steel producer, had last week warned of possible shipment delays

New Delhi expected to sign an interim pact in March, but fresh US investigations and uncertainty over tariffs have slowed negotiations, government sources say

Complicating matters is a new US investigation into what it calls "structural excess capacity and production in manufacturing sectors" in 16 trading partners, including India

The rupee fell to an all-time low of 92.4250 to the US dollar on Friday and it has lost about 1.5 per cent since the war broke out on February 28

Brent futures were last at $99.85 a barrel, while West Texas Intermediate crude was at $95.05 a barrel

Brent futures extended gains to climb up $8.05, or 8.8 per cent to $100.03 at 10:25 a.m. ET or 1425 GMT, while U.S. West Texas Intermediate crude climbed $8, or 9.2 per cent to $95.25

Asked if escorts could be provided by the end of the month, Wright said: "I think that, yes, I think that is quite likely the case."

Oil prices jumped more than 9 per cent to nearly $100 a barrel

The weighted average call rate (WACR) has stayed around 5.07 per cent , since the start of February, even while the policy repo rate remains at 5.25 per cent

The Deutsche Post DHL group has announced more than 500 million euros ($577 million) in investment in the Middle East through 2030, especially in Saudi Arabia and the UAE

IEA's record 400-million-barrel reserve release aims to stabilise global oil markets after the Strait of Hormuz closure triggered one of the biggest energy shocks in decades

The most immediate impact would be on India's current account deficit. This concern has pushed the rupee to a record low and forced the central bank to sell dollars from its reserves

The halt applies to cargoes that had yet to clear customs as of March 11 and goes beyond last week's move by Beijing urging refiners not to agree to new exports

Most analysts classify premium housing as homes priced above 10 million rupees, ‌nearly 40 times India's average national per capita income

The new chips are part of the company's Meta Training and Inference Accelerator (MTIA) program and the first of the new chips, called the MTIA 300 is in use

IEA's release is aimed at preventing a further rise in oil prices and is more than double the ​182 million barrels released in 2022 following Russia's invasion of Ukraine