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US carriers spent $6. 5B on fuel in April; global profit forecast is cut nearly in halfAirlines are facing a fuel price shock. U.S. carriers spent over six billion dollars on jet fuel in April, a significant jump from last yea...- Fitch sees global oil markets returning to oversupply after Hormuz reopensGlobal oil markets are set to return to oversupply soon. Fitch Ratings reports the Strait of Hormuz closure is a temporary supply shock. Pr...
- Oil market likely to return to oversupply after Hormuz reopens: Fitch RatingsGlobal oil markets are set to see a surplus once the Strait of Hormuz reopens. Fitch Ratings predicts this despite current price hikes. The...
- US unveils video of retaliatory strikes following interception of six Iranian missiles over GulfUS forces struck Iranian radar sites in Goruk and Qeshm Island. This followed Iranian drone and missile attacks targeting maritime shipping...
- West Asia crisis: Why India needs a fertiliser security strategyIndia’s fertiliser security is deeply tied to global supply chains. The country imports 60% of its DAP requirement, remains fully dependent...
- $35 million Newport beach mansion, near-zero declared income: How California techie supplied US equipment to Iran for over a decadeA dual Iranian-American tech executive, Jamshid Ghomi, was arrested at his $35 million mansion for allegedly running an illegal export oper...
- IndiGo shares crack nearly 30% from peak. Will Iran war, soaring oil prices cause more turbulence?InterGlobe Aviation faces significant challenges in 2026 due to new FDTL norms causing pilot shortages and widespread disruptions. The Isra...
- Iran cannot have a nuclear weapon, it's a red line for US: Ambassador Sergio GorUS Ambassador to India Sergio Gor stated that Iran will never possess a nuclear weapon, calling it a "red line" for the United States. He c...
- Why are oil prices up today, and will Brent futures and US WTI crude prices continue to rise or decline again? Iran war, Strait of Hormuz disruption and falling oil stockpiles drive marketWhy are oil prices up today, and will Brent futures and US WTI crude prices continue to rise or decline again? Oil prices moved higher and ...
- Why are oil prices up today and will Brent and US WTI crude futures continue to drop or rise again? Oil prices surge as Iran talks stall and supply concerns returnWhy are oil prices up today and will Brent and US WTI crude futures continue to drop or rise again? Oil prices moved higher after Iran susp...
- JetBlue flags higher fuel costs as Iran conflict drags onFuel price volatility has prompted airlines across the globe to hike passenger fares and baggage fees to recover higher costs, as well as c...
- Iran targets US air base as fresh attacks strain ceasefire efforts, lift oil pricesIran struck a US air base following American strikes on its military sites. Kuwait also reported missile and drone attacks. These actions h...
- India, Oman free trade pact comes into forceIndia and Oman's free trade agreement is now active. This pact offers Indian exporters better market access in Oman. Sectors like textiles,...
- Consumer goods companies chart new manufacturing and sourcing course as West Asia crisis hits supply chainIndian consumer goods firms like Dabur, Britannia, Tata Consumer Products, and Emami are rerouting manufacturing and sourcing away from Wes...
- Iran says it destroyed US MQ-1 drone after airspace incursion: ReportIran's Islamic Revolutionary Guard Corps (IRGC) claimed that its air defence units shot down a US MQ-1 drone after it allegedly entered Ira...
- IMF, World Bank, others warn Middle East war is straining energy suppliesGlobal economic leaders warned that the Middle East conflict is straining energy supplies and disproportionately impacting vulnerable econo...
- ‘Tehran said goodbye to “must” 47 years ago’: Iran rejects Trump’s claims of imminent dealIran stated no final ceasefire understanding has been reached, rejecting external pressure and asserting self-determination. This follows U...
- To the Situation Room, now! With new message, Trump stirs Iran cauldron againTrump's comments assume significance as tensions between the US and Iran have remained elevated over Tehran’s nuclear activities, sanctions...
- 196 days, 23 ports, 7 countries: How this ship tried to sneak in Rs 1,150 cr cocaine using ‘unusually long route’ before being caught at Gujarat portA massive drug haul near Mundra port has exposed a major maritime trafficking operation. Gujarat ATS and Indian Coast Guard intercepted the...
- India's top airlines cut domestic flights between 5-22%Aviation giants Air India and IndiGo are cutting domestic flights between June and August 2026. High aviation fuel costs are impacting airl...
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