Oil Prices Surge as US Seizes Iranian Vessel; Tehran Threatens Retaliation, Ceasefire at Risk

Oil Prices Surge as US Seizes Iranian Vessel; Tehran Threatens Retaliation, Ceasefire at Risk

Tehran/Washington | April 20, 2026 Global markets and geopolitical tensions intensified on Monday after the United States seized an Iranian-flagged cargo vessel in the strategically...
Mark Carney Warns Canada’s Reliance on U.S. Is a ‘Critical Weakness,’ Urges Urgent Trade Diversification

Mark Carney Warns Canada’s Reliance on U.S. Is a ‘Critical Weakness,’ Urges Urgent Trade...

Ottawa, Canada | April 20, 2026 Former Bank of Canada governor Mark Carney has warned that Canada’s deep economic reliance on the United States represents...
India LPG Consumption Drops 13% in March Amid Middle East Tensions, Supply Disruptions Hit Commercial Sector

India LPG Consumption Drops 13% in March Amid Middle East Tensions, Supply Disruptions Hit...

New Delhi, India — April 19, 2026 India’s liquefied petroleum gas (LPG) consumption declined sharply in March, falling 13% year-on-year as geopolitical tensions in the...
Iran Closes Strait of Hormuz Again, Fires on Ships Amid US Standoff; Indian Tankers Caught in Crossfire

Iran Closes Strait of Hormuz Again, Fires on Ships Amid US Standoff; Indian Tankers...

Dubai/New Delhi — April 19, 2026 Iran has once again shut down the strategically vital Strait of Hormuz, escalating tensions with the United States and...
Hormuz Flashpoint: IRGC Gunfire Forces Indian Ships to Retreat, New Delhi Summons Iranian Envoy

Hormuz Flashpoint: IRGC Gunfire Forces Indian Ships to Retreat, New Delhi Summons Iranian Envoy

New Delhi/Dubai — April 18, 2026 Tensions in the Gulf surged again after reported gunfire by Iran-linked forces forced two India-bound vessels to reverse course...
Crude Oil Falls Below $90, But Petrol and Diesel Prices Remain Unchanged in India

Crude Oil Falls Below $90, But Petrol and Diesel Prices Remain Unchanged in India

New Delhi, India — April 18, 2026 Global crude oil prices have dropped sharply, falling below $90 per barrel after a nearly 10% decline, but...
LPG Price in India: Will Cylinder Rates Fall After Hormuz Reopens? Here’s What Experts Say

LPG Price in India: Will Cylinder Rates Fall After Hormuz Reopens? Here’s What Experts...

New Delhi, India — April 18, 2026 Amid ongoing tensions in the Middle East, a key question for Indian households is whether LPG cylinder prices...
DA Hike 2026: Cabinet Clears 2% Dearness Allowance Increase for Central Govt Employees and Pensioners

Cabinet Approves 2% DA Hike for Central Govt Employees, Boost Effective January 1, 2026

New Delhi, India — April 18, 2026 In a significant move, the Union Cabinet has approved a 2% increase in Dearness Allowance (DA) for central...
Oil Prices Drop 10% as Strait of Hormuz Reopens; S&P 500, Dow Jump on Supply Relief

Oil Prices Plunge Over 10% After Strait of Hormuz Reopens; Wall Street Surges

New York, United States — April 17, 2026 Global oil prices plunged sharply on Friday after Iran announced the full reopening of the Strait of...
LPG Supply Hit by Hormuz Disruption; India Faces Prolonged Gas Crunch Amid Middle East Conflict

LPG Supply Hit by Hormuz Disruption; India Faces Prolonged Gas Crunch Amid Middle East...

New Delhi, India — April 17, 2026 India is facing growing concerns over a potential LPG shortage after supply chains were disrupted due to the...

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