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Even as per-token prices fall, rising usage from complex AI workflows is pushing up overall costs for companies, raising concerns among developers, startups, and industry experts

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Concerns over the bloc's declining competitiveness with China and the US have helped push energy prices to the top of the EU's political agenda

EU energy crisis response

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India has expanded ATF norms to allow blending with synthetic hydrocarbons, supporting alternate fuels and reducing reliance on crude imports amid energy concerns

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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

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Sensex Today | Stock Market Highlights, Wednesday: In the broader markets, the Nifty MidCap and the Nifty SmallCap indices ended 0.19 per cent and 1.13 per cent higher, respectively.

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The United States attacked and seized an Iranian-flagged cargo ship it said had tried to evade a naval blockade near the Strait of Hormuz on Sunday, and Iran's joint military command vowed to respond, throwing a fragile ceasefire into question days before it expires.
It was the first interception since the US blockade of Iranian ports began last week. Iran's joint military command called the armed boarding an act of piracy and a ceasefire violation, the state broadcaster said.
With the US-Iran standoff over the strait sharpening and the ceasefire expiring by Wednesday, it was not clear where President Donald Trump's earlier announcement that US negotiators would head to Pakistan on Monday for new talks with Iran now stood.
The uncertainty sent oil prices rising again. One of the worst global energy crises in decades threatened to deepen.
Trump on social media said a US Navy guided missile destroyer in the Gulf of Oman warned the Iranian-flagged ship, the Touska, to stop and then ..

Strait of Hormuz, crude oil (Photo: PTI)

From the setback to the women's quota Bill and rising fertiliser subsidies to tensions in the Strait of Hormuz, here is a curated selection of Business Standard's top Opinion pieces today

NDA MPs protest after the 131st Constitution Amendment Bill failed to get a two-thirds majority in the Lok Sabha, on Friday. (Photo: PTI)

Oil prices rose in early trading Sunday as a standoff between Iran and the US prevented tankers from using the Strait of Hormuz, the Persian Gulf waterway that is crucial to global energy supplies.
The price of US crude oil increased 6.4 per cent to USD 87.88 per barrel after trading resumed on the Chicago Mercantile Exchange. The price of Brent crude, the international standard, climbed 6.5 per cent to USD 96.25 per barrel.
The market reaction followed more than two days of growing hopes and dashed expectations involving the strait. Iran, which effectively controls the passage, said Friday that it would fully reopen the passage off its coast to commercial traffic. Crude prices plunged more than 9 per cent on the news.
Tehran reversed its decision on Saturday, after President Donald Trump said a US Navy blockade of Iranian ports would remain in effect. Over the weekend, Iran's Revolutionary Guard fired on several vessels. Trump reported the forcible seizure of an Iranian-flagged car

Reuters

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

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West Bengal’s politics has evolved with every election — from industrialisation and land protests to governance, welfare, and identity. In 2026, all these layers come together, with both TMC and BJP

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

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