Govt reduces petrol price by Rs3.19, high-speed diesel by Rs1.50
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Insecurity caused by the Houthis in the Red Sea, followed by disruptions caused by the Iran war in the Strait of Hormuz, has had a direct impact on Europe.
US imports of Saudi Arabian oil dropped to zero in July, the first time that’s happened for an entire month since 1985, according to preliminary government data.
Under the latest proposal, Tehran would be able to intervene if necessary with any inbound traffic, while outbound traffic would follow a route between Iran and Oman.
A week-long streak of inflows into US spot Bitcoin ETFs has coincided with the Coldcard wallet exploit, fueling debate over whether some investors are shifting away from self-custody.
The firm said the revision reflects a confluence of fundamental, technical and historical factors bolstering the market.
The dollar is poised to have its best day in two weeks as oil prices advanced amid fading optimism over easing tensions in the Middle East.