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The ceasefire has still not seen the normalcy resuming in the Strait, which raises concerns for demand destruction in the coming months as the scarcity has yet to fully materialise.

Crude oil outlook

Business Standard

OPPO to launch Find X9 Ultra and X9s in India this May, expanding its flagship lineup with a camera-focused Ultra model and an X9s smartphone for a more balanced flagship

OPPO Find X9s and Find X9 Ultra

BEML's share price was trading 3 per cent higher at ₹1,821.70, compared to the previous session's close of ₹1,768 on the NSE

stock markets, trading

Iran's paramilitary Revolutionary Guard opened fire Wednesday on a container ship in the Strait of Hormuz, damaging the ship and further raising the stakes as planned ceasefire talks in Pakistan failed to materialise.
The British military's United Kingdom Maritime Trade Operations centre said the attack happened around 7:55 am in the strait and targeted a container ship.
The UKMTO said a Guard gunboat did not hail the ship before firing.
It said no one was hurt and there was no environmental impact from the attack.
Iran did not immediately acknowledge the assault.
It comes after the US seized an Iranian container ship after shooting it this past weekend and boarded an oil tanker associated with Iran's oil trade in the Indian Ocean.

Strait of Hormuz, vessels

Press Trust of India

US President Donald Trump said Tuesday he is extending the ceasefire with Iran at Pakistan's request while awaiting a "unified proposal" from Tehran, even as the US military maintains its blockade of Iranian ports. The move comes as the White House put on hold Vice President JD Vance's planned trip to Pakistan for a second round of truce talks with Iran, which has balked at further discussions. But Trump warned that the US military will continue its blockade of Iranian ports.
Trump made the announcement as ceasefire talks looked increasingly uncertain with a two-week truce set to expire on Wednesday. Both countries had said they were prepared to resume fighting if no deal is reached.
Trump said he would "extend the Ceasefire until such time as their proposal is submitted, and discussions are concluded, one way or the other."
Iran has yet to decide whether to join the negotiations in Pakistan, a foreign ministry spokesman said earlier Tuesday, and will only take part if Tehran believ

Donald Trump, Trump

With uncertainty still surrounding the possibility of last-minute diplomatic efforts, Trump indicated that military action could resume if an agreement is not reached soon

Indian equities may open lower on Monday as renewed Strait of Hormuz tensions raise concerns over oil prices, global risk sentiment, and the outlook for geopolitical stability

The Indian unit closed Friday at 92.93/$ compared to the previous close of 93.20/$, gaining 0.3 per cent

Indian Rupee, US Dollar, Rupee vs Dollar

About a dozen officers from India will reach Washington on April 20 for three-day talks with the US authorities on the first phase of the bilateral trade agreement (BTA), an official said.
As the tariff landscape has changed in the US, both sides may like to relook at the framework of the agreement, the text of which was released on February 7.
Following the decision of the US Supreme Court against the sweeping tariffs imposed by US President Donald Trump on a number of countries, the Trump administration imposed a 10 per cent tariff on all countries from February 24 for 150 days.
"The meeting will happen from April 20-22 in Washington DC. India's chief negotiator Darpan Jain (additional secretary in the department of commerce) is leading the team. Officers from customs and external affairs ministry are also part of the Indian team," the official said.
Further, the two unilateral investigations launched by the US Trade Representative (USTR) may also figure in the three-day ...

India US trade talks, bilateral trade agreement, BTA negotiations, Rajesh Agrawal, Brendan Lynch, USTR, Sunil Barthwal, Modi Trump trade deal, tariffs, commerce department

Blackouts, LNG shortages and policy lapses hit Pakistan as it hosts key US-Iran talks amid rising energy stress

pakistan Flag

Bloomberg

According to police and fire rescue officials, four of the six injured are in critical condition and are undergoing treatment at the Virudhunagar Government Medical College Hospital

Representative Picture

Tech Mahindra reported a 16 per cent rise in Q4 FY26 net profit, while revenue grew 12.6 per cent year-on-year, though profit missed Bloomberg estimates

Tech Mahindra

More than 80 mobile phone models, out of roughly 200 sold in India, have already seen average price increases of over 15 per cent.

The 213 km-long six-lane access-controlled Delhi-Dehradun economic corridor has been built at a cost of over ₹12,000 crore.

In this session, Vaibhav Maloo, Managing Director, Enso Group, explains the impact of the war-led energy crisis on India. >

Shubman Gill’s brilliant 86 powered Gujarat Titans to a dominant 5-wicket win over Kolkata Knight Riders in IPL 2026.

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