Oil markets are again on edge as Iran intensifies attacks on shipping in the Strait of Hormuz, eight months after the US-Israel war on Iran began in February. Brent crude traded around 106 dollars a barrel on 14 October, while US benchmark West Texas Intermediate stood near 95 dollars. Prices are still far above pre-war
The International Monetary Fund has upgraded its outlook for India, calling the country one of the fastest-growing major economies even as a war in the Middle East and elevated oil prices weigh on much of the world. In its October 2026 World Economic Outlook, released on Tuesday, 13 October, the Fund now projects Indian growth
India and the United States say they are edging closer to a trade agreement, although no signing date has been fixed. On Thursday, 15 October, Commerce Minister Piyush Goyal said the first tranche of the bilateral trade agreement has been finalised and is now going through legal drafting. Commerce Secretary Rajesh Agrawal told reporters at
A new US law is putting India’s energy choices under pressure. Signed on September 18 after passing the Senate with 86 votes, the legislation gives the American president authority to impose tariffs of up to 100 percent on countries that buy Russian energy. It does not impose them automatically. According to reports, US Ambassador Sergio
India’s Commerce Minister Piyush Goyal said on Thursday, October 15, that the first tranche of the bilateral trade agreement with the United States has been finalised and is now in legal drafting. Speaking in New Delhi, he said India hopes to close and operationalise the deal soon, but wants to be sure it gains a
US President Donald Trump announced on Sunday, October 11, that Russia and Ukraine had agreed to stop attacking each other’s energy facilities, declaring an energy ceasefire effective immediately. The announcement followed a deal, unveiled days earlier, under which the United States would obtain diesel supplies from Russia. Trump said Russia would deliver another 500,000 tonnes
The United States on Friday, October 9, imposed sweeping sanctions on the International Criminal Court, hours after former ICC judge Navi Pillay of South Africa was named winner of the 2026 Nobel Peace Prize. Announcing the move, US Secretary of State Marco Rubio said Washington would ban transactions with what he called a rogue court,
Prime Minister Narendra Modi on Wednesday met Canadian Foreign Minister Anita Anand in New Delhi and said that India was committed to building a “constructive and forward-looking strategic partnership” with Canada. In a post on X, PM Modi shared that the two sides held productive discussions on further strengthening bilateral ties across several critical sectors,
Russia and Pakistan have agreed to deepen their security cooperation, taking steps toward finalising an extradition treaty and expanding collaboration against organised crime, cybercrime, drug trafficking and illegal migration. The agreement was reached during the visit of Russian Interior Minister Vladimir Kolokoltsev to Islamabad, where he held talks with Pakistan’s Interior Minister Mohsin Naqvi. According
Europe’s luxury goods industry is facing one of its toughest years in recent memory, with the world’s leading luxury companies collectively losing around $350 billion in market value as consumers cut back on discretionary spending and reassess what constitutes value for money. According to recent market estimates highlighted by Reuters, major luxury groups including LVMH,
