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The US has granted India a temporary waiver to purchase Russian oil stranded at sea, aiming to stabilise global supplies amid West Asian conflict disruptions. This move, praised by US Treasury Secretary Scott Bessent, allows India to ease short-term supply pressures while maintaining its commitment to reducing sanctioned Russian oil imports.

Emirates NBD is waiving ATM withdrawal fees across the UAE and GCC until March 31, 2026, to ease financial access amid regional disruptions. This move also includes free debit card replacements and delivery, offering crucial support to stranded travelers and residents navigating travel uncertainties. The initiative aims to ensure uninterrupted access to funds during a

Amidst Middle East geopolitical tensions, India is bolstering energy security by exploring alternative sources, with Australia and Canada offering additional gas supplies. The nation’s diversified import routes, with only 40% of crude passing through the Strait of Hormuz, ensure stable energy availability despite disruptions.

Global oil prices have surged dramatically this week. The ongoing conflict involving Iran has intensified, raising fears of prolonged energy supply disruptions from the Middle East. Key energy routes and facilities are disrupted. This has pushed oil and gas prices higher across global markets. Consumers and businesses are facing rising fuel costs.

Around two-thirds of India’s LPG demand is met through imports, with the Middle East accounting for roughly 85 to 90 per cent of those supplies. Oil refiners have been told to maximise LPG output by ensuring that the propane and butane available with them are fully utilised for cooking gas production, the report said.

Gold price prediction today: Gold prices are volatile with any dips allowing investors to buy, says Jateen Trivedi, VP Research Analyst – Commodity and Currency, LKP Securities.

The Indian Rupee saw a slight gain against the US Dollar. This happened after the United States granted a 30-day waiver. Indian refiners can now buy Russian oil. This decision aims to ease global energy supply pressures. The move comes amid ongoing West Asia conflict. Domestic equity markets faced pressure. Foreign funds also withdrew from

China now leads the world with 1,110 billionaires, surpassing the United States, according to the Hurun Global Rich List. The nation added 287 new billionaires, largely driven by AI, semiconductors, and healthcare, showcasing rapid wealth creation and a significant shift in global economic power.

Around 90% of India’s crude oil is imported – and around 40-50% of India’s crude oil imports come from the Middle East, particularly after it substantially reduced purchases of Russian crude oil.