Reuters

US customs agency says tariff refund system will be ready in 45 days

The tariffs that were a central part of President Donald Trump's economic policy were struck down as unconstitutional by the Supreme Court last month

Qatar energy minister warns Gulf exports could halt within weeks: Report

"Everybody that has not called for force majeure we expect will do so in the next few days that this continues. All exporters in the Gulf region will have to call force majeure," Kaabi told the FT

Indian refiners seek legal clarity on buying Russian oil under US waiver

The US on Thursday allowed Indian refiners a 30-day waiver from sanctions to buy Russian oil loaded on vessels as of March 5. Approval related to Russia's oil sale to India is valid until April 4

No deal with Iran except 'unconditional surrender', declares Trump

Trump said in a social media post, adding that they would work to boost Iran's economy

Russian Urals crude price tops Brent in India as Iran war tightens supply

The US-Israeli war against Iran, ​which began a week ago, has choked the Strait of Hormuz, the main route for global ‌oil

India's fuel demand slips month-on-month in February, rises annually

Indian refiners have been buying Venezuelan oil to diversify their supply mix as they reduce Russian oil imports, a move that helped New Delhi clinch an interim trade deal with Washington

RBI issues draft guidelines on compensating customers for digital fraud

The guidelines come amid a rise in fraud cases as digital payments see wider adoption in the country

US Navy will escort ships through Hormuz 'when reasonable': US Energy Secy

Wright also said Americans should see lower gas prices in weeks, not months

India's Karnataka state to end alcohol price controls from April 2026

India is the world's eighth-largest alcohol market with annual revenues of $45 billion, each state has its own regulations and pricing

Azerbaijan to evacuate diplomats from Iran over security concerns

Azerbaijan reacted angrily on Thursday to what it said was an incursion by Iranian drones into its Nakhchivan exclave, with President Aliyev threatening retaliation

Iran war has driven surge in global demand for Russian energy, says Kremlin

The conflict, now in its seventh day, has left the Strait of Hormuz nearly shut, cutting countries around the world off from about a fifth of global oil and liquefied natural gas supplies

Ships loaded with Reliance diesel, jet fuel turn to Asia instead of Europe

Asian buyers are rushing to secure fuel supplies to offset production losses from expected refinery run cuts as the near-halt in traffic in the Strait of Hormuz constrains oil supply to the region

RBI deploys nearly $12 billion to defend rupee amid West Asia war: Bankers

The scale of the intervention underscores the challenge the Reserve Bank of India faces in containing volatility triggered by the Middle East conflict that has entered its seventh day

Jindal Stainless flags possible shipment delays to West Asia amid conflict

The country's biggest stainless steel producer said West Asia accounted for a small share of its export market but that the company remained committed to serving the region

Foreign outflows from IT stocks at 7-month high in Feb on AI shockwaves

Foreign portfolio investors sold IT stocks worth ₹16,949 crore ($1.85 billion) for the month

India, China lead car exports worth billions of dollars to West Asia

The West Asia is the second-largest overseas market for China-made vehicles and an increasingly important region for the Asian giant as it looks to offset weak demand at home

Pentagon bars contractors from using Anthropic in work for US military

In a post on X late Thursday, Pentagon Chief Technology Officer Emil Michael said that there is no active Department of Defense negotiation with Anthropic.

Meta to allow AI bot rivals on WhatsApp in bid to stave off EU action

Facing scrutiny from European Union antitrust authorities, Meta says competing AI chatbots will be permitted on WhatsApp in Europe for a year through the Business API, though access will involve fees

US, Venezuela agree to re-establish diplomatic ties after Maduro's ouster

After months of heightened tensions, the US captured Venezuela's President Nicolas Maduro in January, setting off a chain of changes in the country

More tankers hit in Gulf waters as US-Iran war spreads to oil routes

Iraq has cut its oil production by nearly 1.5 million barrels a day as it ran out of storage and was unable to load tankers, officials told Reuters