The RBI intervened by selling dollars to steady the currency, Bloomberg has learnt. The escalating conflict in the Middle East may stoke inflation and worsen the country’s widening trade deficit.
Shortfall could hit tens of millions of homes if gas cargoes due in March do not start moving within days, Bloomberg has learnt. India buys over 90% of its LPG from the Middle East.
Israel has launched a massive joint military offensive with the US on Iran, while demanding the end of Tehran’s nuclear ‘threat’ and promising ‘freedom’ to Iranians.
This agreement is not about Pakistan and Saudi Arabia looking Trump in the eye or Riyadh turning away from Washington. If anything, it could be termed as kosher proliferation.
Trump also backtracked from his remarks on regime change, telling reporters he didn't 'want' it. Iran & Israel exchanged strikes for the 12th day, even as Trump announced the truce.
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India Ports Global Limited had signed a 10-year long term contract with Iran’s Port and Maritime Organization in May 2024 to develop the Chabahar port.
While the strait has never been closed in the past, there has also never been a situation where both Israel and the US have directly attacked Iranian nuclear installations.
Why should the US care? Because in the end, as its wrangle with Britain this week should have reminded them, America still needs bases, friendly ports, & overfly rights.
Multiple companies have invoked the principle of ‘force majeure’, which lets a party off the hook in case of unforeseen ‘acts of God’, to avoid penalties.
IRIS Lavan was in the region for the International Fleet Review held last month and ‘sought urgent docking in Kochi citing technical issues,’ it is learnt.
Trump has ushered in the age of humiliation. His method is to push around America’s friends rudely and publicly. He knows none of them can afford to fight back.
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