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Friday, April 17, 2026
TopicBloomberg wire

Topic: Bloomberg wire

Iran war shock could be as disruptive as Covid, Indian officials say

The government is now drawing on its pandemic playbook to cushion businesses and consumers hit by gas shortages and soaring oil bills.

Indian LNG importers accelerate spot market purchases as prices dip

The purchases mark a turnaround after Indian buyers had earlier limited spot buying and canceled tenders because offers were too expensive.

Iran war spillover: India urea tender draws near $1,000 per ton offers ahead of monsoon sowing season

Global urea prices have surged since the start of the war as nearly 45% of global supplies pass through the Persian Gulf.

LNG shortage triggers extensive blackouts in Pakistan

Shortfall reached 4,500 MW with load shedding stretching beyond two hours and up to 14 hours in places as supplies from Qatar remain hit.

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.

On Camera

TCS Nashik case begs the question. Why do Muslims get so defensive every time?

The reaction often moves quickly toward dismissing such incidents as conspiracies against the community. Why can we not choose another way to respond?

Indian LNG importers accelerate spot market purchases as prices dip

The purchases mark a turnaround after Indian buyers had earlier limited spot buying and canceled tenders because offers were too expensive.

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.