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Thursday, April 16, 2026
TopicBloomberg wire

Topic: Bloomberg wire

India receives first Iranian oil shipment in 7 years with arrival of 4 million barrels

The Jaya, a very large crude carrier fully laden with Iranian crude, is discharging its cargo at Paradip on India’s east coast this week. Felicity is doing the same at Sikka, on the West Coast.

Pakistan to suspend power supply for two hours every day to manage costs amid war in Iran

The government has instructed distribution companies to keep consumers informed about any scheduled outages, and avoid any unplanned power cuts.

Air India asks Tata, Singapore Air for funds after $2.4 billion loss

The fiscal year loss is fueled by the deadly crash of a Boeing 787 Dreamliner, closure of Pakistani airspace to Indian carriers and the West Asia conflict.

Hungary’s next PM Peter Magyar calls for sweeping changes after Orban

Magyar, in his victory speech, called for resignations of his nation’s top brass for having put Orban’s authoritarian system above their office’s responsibilities.

Aluminum jumps to 4-yr high as Trump’s Iran port blockade threat puts 9% global supply at risk

The lightweight metal rose as much as 2% on the London Metal Exchange, reigniting a rally driven by supply shortages stemming from the war in the Middle East.

Three tankers attempt to transit Hormuz after US flags blockade

The restrictions, which apply to all vessels entering or departing Iranian ports or coastal areas, will kick in at 10 am New York time Monday.

Asian LNG prices set to rise as US plans Iranian ports blockade

Prolonged disruptions to Strait of Hormuz could lift Asian spot prices above $19 per million British thermal units, traders said, though that would be lower than a wartime high of $25.

Fuel protests in Ireland disrupt roads despite government’s new energy support package

Apart from country-wide disruption to roads, the demonstrations almost resulted in a scarcity of fuel as protesters blocked Ireland’s only oil refinery.

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.

On Camera

Sorry, sprinters! It’s midfield generals who are running the show this Champions League 

From Messi to Ronaldo, the Champions League has been a stage to display brilliance. This year, the midfield reclaimed its status as a facilitator of the game.

Russia raking in a windfall from Hormuz blockade. Export revenues doubled to $19 bn in March, says IEA

Despite damage to key Russian oil infrastructure by Ukrainian drone strikes in March, International Energy Agency data shows Russia’s earnings in March were highest for any month since January 2024.

Why Siliguri Corridor is strategically important for India & how it is being secured | Cut The Clutter

This special edition of Cut The Clutter, straight from the Siliguri corridor, details the strategic importance of the narrow strip of land in West Bengal, and how it’s a vital link connecting the Northeast to the rest of India.

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.