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Monday, April 13, 2026
TopicBloomberg wire

Topic: Bloomberg wire

Why Trump has threatened a blockade of Iran ports & what are the risks of such a move

US military to block all maritime traffic to/from Iranian ports from 10 am ET Monday, while allowing vessels not bound for Iran to transit the Strait of Hormuz.

India ramps up Russian oil buys as Gulf supplies tighten

Imports from Russia averaged 1.98 million barrels a day in March, the highest since June 2023, according to data from intelligence firm Kpler.

India’s urea output set to normalise as gas supplies recover

Production, hit by West Asia-linked gas disruptions, fell by 800,000 tonnes in March. Flows are now at 95 percent ahead of key monsoon sowing season.

US officials flag new AI cyber risks in closed-door Wall Street meet

Anthropic’s powerful ‘Mythos’ model can uncover hidden software vulnerabilities, raising fears of misuse by hackers and states.

Fuel shock hits Asia’s rice bowl as farmers cut planting

War-driven surge in fuel and fertilizer costs forces farmers across Southeast Asia to delay harvests, scale back sowing and risk lower output.

Iran says ships must seek army approval to cross Strait of Hormuz

Despite a 14-day US-Iran ceasefire tied to reopening Hormuz and Tehran allowing transit, shipping through the key maritime chokepoint remains largely halted.

Stocks fall, oil prices climb as Trump issues fresh threat to Iran ahead of his deadline

Fears that an escalation of the conflict could heighten a fuel squeeze & endanger the economy unnerved traders, with NYT reporting Iran stopped negotiating a truce with the US.

On NASA’s Artemis II moon mission, biggest issue has been the toilet

Getting a complex toilet system to work on the Orion capsule has become a recurring issue. NASA suspects ice buildup may have been blocking the nozzle that drains wastewater into space.

Pakistan to repay matured loan deposits to UAE, move to strain its reserves

Islamabad has about $12 billion in debt from friendly countries, mainly China, Saudi Arabia, and the UAE, which have kept extending the loans every year at maturity.

Saudi Arabia raises price of main oil grade to Asia to a record high premium

Saudi Aramco will increase flagship Arab Light crude prices for May sales to a premium of $19.50 over regional benchmarks for refiners in Asia, still less than what traders anticipated.

On Camera

Operation Meghdoot—when Indian soldiers walked through clouds to beat Pakistan at Saltoro Heights

Tactical and ground conditions, the wait for all loose ends to tie up, festive fervour, and regimental spirit—all had some part to play in 13 April being chosen as the D-day.

Fuel shock hits Asia’s rice bowl as farmers cut planting

War-driven surge in fuel and fertilizer costs forces farmers across Southeast Asia to delay harvests, scale back sowing and risk lower output.

IAF ties up with GE to build own facility for repair, overhaul of Tejas engines with quicker turnaround

Depot facility to be owned, operated & maintained by IAF, with GE Aerospace providing technical inputs, training, support staff & supply of necessary spares & specialised equipment.

The world’s in a flux. India must reform, consolidate & build a strong economy

We now live in a world order that will keep shifting. India must use this window. This also means we remain disciplined enough not to be knee-jerked into reacting to what Pakistan sees as its moment in the sun.