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18.04.26 - 21:06
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Dramatic Audio: Indian Tanker Was Given Permission Before Being Fired On By IRGC, Delhi Summons Ambassador (ZeroHedge)
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Dramatic Audio: Indian Tanker Was Given Permission Before Being Fired On By IRGC, Delhi Summons Ambassador
India has summoned the Iranian ambassador in New Delhi in a rare moment of inter-BRICS discord after its tanker was attacked earlier Saturday while trying to traverse the Strait of Hormuz, which has been closed once again.
"During the meeting, the Foreign Secretary conveyed India's deep concern at the shooting incident earlier today involving two Indian-flagged ships in the Strait of Hormuz," the statement from India said. The full statement, which is still somewhat tame in its rhetoric in light of the fact that what the Indian vessel thought was an "approved" transit came under direct attack:
The UK Maritime Trade Operations (UKMTO) reports that a tanker was "approached by 2 IRGC gunboats, with no VHF challenge, and then fired upon."
The official Indian government statement continues: "He noted the importance that India attached to the safety of mer...
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18.04.26 - 07:42
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US extends sanction waiver on Russian oil again — How will it impact India? (Times of India)
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The US has extended a sanctions waiver on Russian oil purchases, offering temporary relief for countries importing crude. This move allows for continued procurement of Russian oil, particularly beneficial for India which relies heavily on imports and has increased its intake amid Middle East supply pressures. The waiver provides a crucial window for India to secure energy needs....
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17.04.26 - 18:24
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India supplies 40% of US smartphone imports, replaces China: Report (Times of India)
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India is significantly boosting its global electronics trade, now supplying approximately 40% of US smartphone imports previously sourced from China. This shift, alongside growth from ASEAN economies, highlights a broader diversification of import sources driven by domestic priorities and geopolitical realignments. Despite geographical distances, India's smartphone exports to the US have surged, underscoring its expanding role in global manufacturing....
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17.04.26 - 16:42
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From Hormuz to household finance: How global oil shocks can filter into Indian homes (Times of India)
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Global oil markets face turmoil due to the Iran-US conflict and Strait of Hormuz disruptions. India, heavily reliant on oil imports, feels the pinch through rising inflation and borrowing costs. The Reserve Bank of India monitors the situation, opting for stability over aggressive action. Households may experience a gradual tightening of budgets as costs rise and monetary easing is delayed....
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17.04.26 - 12:02
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Rupee hits one-week high as RBI moves to stem in fall (Times of India)
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The Indian rupee surged to a one-week high Friday, boosted by Reserve Bank of India's strategic moves to curb dollar demand from state-run oil refiners. By urging them to use a special credit line, the central bank aims to stabilize the currency against global pressures....
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