Exports from the region are expected to reach about 2.4 million metric tonnes (508,000 barrels per day) this month, more than 20% higher than in May, according to Kpler and LSEG data cited by Reuters. However, shipments remain well below the pre-conflict monthly average of 5.5-6 million tonnes. Middle Eastern fuel oil exports are set…
Should Taylor Swift and Travis Kelce tie the knot in New York City, their nuptials would be another economic event for the Big Apple. Source link
Investors planning their trades for the week should take note that the stock market will remain closed on Friday, June 26, on account of Muharram. Trading on the equities segment takes place on all days of the week, except Saturdays, Sundays and holidays declared by the Exchange in advance. As a result, the stock market…
The Federal Reserve’s new chairman has vowed to deliver price stability, but officials are at odds over whether that will require higher borrowing costs. Source link
What began as a crypto heist operated from North Korea spiralled into a web of transactions linked to Iran’s central bank!The trail started with investigators tracking the movement of the $1.5 billion stolen from Bybit across the crypto ecosystem. Along the way, they found two wallets linked to the Central Bank of Iran, before the…
Increased stockpiles, more pipelines and other tactics could loosen the waterway’s stranglehold on the global economy. Source link
Before making a choice, be informed of the tax slabs and also how the math to deciding the correct tax regime works: (AI image) ITR filing FY 2025-26: Before filing your income tax return for FY 2025-26 (Assessment Year 2026-27), it’s important to know which tax regime will result in lower tax outgo – new…
OpenAI, Anthropic, Amazon and Microsoft have signed on to an effort led by Gina Raimondo, a former commerce secretary. Source link
Middle East oil exports to climb to 4-month high The Strait of Hormuz is slowly recovering its business after more than 100 days of disruption, with tankers once again flowing through the key passage. As the corridor is all set to get busy, Middle Eastern fuel oil exports are expected to climb to a four-month…
Just like the SPR creates storage reserves, there is now a need to create another SPR- Strategic Pricing Reserves. (AI image) By Col Rajeev Agarwal (Retired), Senior Research Consultant, CRFWith the signing of the MoU by President Trump and President Pezeshkian on 16 June and the operationalisation of the Roadmap of 60 days, there is…
