Brent crude rises to highest level in nearly a month as US-Iran deadlock keeps Strait of Hormuz disrupted, raising risks of higher import bills, fuel prices & inflation for India.
New pricing formula is expected to improve transparency and better reflect market conditions, with analysts seeing a modest benefit for Asian buyers, including India.
Meanwhile, NYT traces the success of ‘former Goldman Sachs operations analyst who discovered rap as a child in South Texas’, better known as Hanumankind.
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.
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.
In a seminal work, former military officers Lt. Gen. D.S. Hooda & Lt. Col. Pavithran Rajan put forth a framework to approach cognitive warfare, called Socio-Technical-Cognitive Battlespace.
India, China and Russia share more contradictions than congruence. Each has a different worldview, as also a different adversary. The rude fact is that BRICS is the most irrelevant of all such groupings.
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