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Economy

With global oil supplies under threat and the Strait of Hormuz effectively a battleground, the Indian Navy has deployed over six warships to escort its fuel tankers to safety. Following direct talks between PM Modi and the Iranian leadership, Indian ships are among the few granted passage, providing a vital boost to India’s domestic energy security as fuel prices surge worldwide.

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Often referred to as the greatest Englishman, Winston Silencer Churchill, the war time prime minister of Great Britain is as much part of the English lore as a cricket test match in Lords, Wimbledon tennis tournament and fish and chips. Small wonder, his belligerent visage often stare at users from currency notes; it will soon be a thing of the past as pound notes will replace his pugnacious visage with that of a badger.

The U.S. military has destroyed 16 Iranian vessels attempting to mine the Strait of Hormuz, marking a sharp escalation in the ongoing regional war. As President Trump threatens a military response “never seen before,” Iran has doubled down on its vow to block all oil exports through the vital waterway, pushing the global economy toward a potential energy shock.

The “multifaceted personality”, Lord Meghnad Desai was an eminent economist, holder of India’s third-highest civilian honour and a member of the United Kingdom’s House of Lords has passed away on Tuesday (July 29th, 2025) at the age of 85.

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