The world’s energy markets caught a desperate breath of relief after President Donald Trump suspended planned strikes on Iran’s power grid following “constructive” back-channel talks. While Brent crude plummeted 15% on the news, the five-day window remains a fragile gamble; with Iran claiming a strategic victory and U.S. bases still on high alert, the reprieve offers a brief diplomatic opening in a conflict that has already claimed thousands of lives.
Indians face a sharp rise in cooking gas prices today as domestic LPG rates climb by ₹60 and commercial cylinders by ₹115. Amidst a widening conflict in the Middle East, the government has activated strategic oil waivers and production increases to ensure that, despite higher costs, the nation’s fuel supply remains steady and secure.
