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Monday, June 22, 2026
TopicCrude prices

Topic: Crude prices

Iran war, edible oil price shock, weak rupee & monsoon could hit India middle-class hard in FY27

Rising cost of imports & edible oils coupled with the likelihood of El Niño are capable of delivering a punch as powerful as a crude oil price shock.

Bottled water feels the West Asia war strain. Global media says Indians could face the heat

Meanwhile, NYT traces the success of ‘former Goldman Sachs operations analyst who discovered rap as a child in South Texas’, better known as Hanumankind.

Russia says it won’t accept West’s $60 price cap on crude oil, is analysing how to respond

The cap will allow non-EU countries to continue importing Russian oil, but will prohibit companies from handling cargoes of it around the globe, unless it is sold for less than $60.

Saudi Aramco raises oil prices as crude surges to nearly $95 a barrel

Aramco’s decision came days after OPEC+ opted to increase its daily crude production by 400,000 barrels a day next month.

Why global energy drought could herald a future of excess

Surging costs of Chinese coal, European gas and global crude are symptoms of an energy system using high prices to incentivise additional supply when and where most needed.

Covid meant high protein intake but chicken, eggs, oil, all acting pricey. Govt must intervene

About 18% contribution to May, June inflation numbers was made by the three livestock categories: ‘milk and products’, ‘eggs’ and ‘meat and fish’.

On Camera

India seeks US tariff advantage over rivals before finalising trade deal

While US & Indian officials have signaled that a deal was within reach, talks have dragged on amid disputes over tariffs, market access & protections for politically sensitive sectors.

SMPP partners with Europe’s KNDS to build loitering munitions in India amid growing military demand

Under the agreement, the loitering munitions will be offered to the Indian Army as part of efforts to address what the companies described as an ‘urgent requirement’.

Why many parties break up when out of power and some don’t

Ideology keeps parties together, or the glue of power. Without either, you face the ongoing defections at an industrial scale.