India had shunned energy purchases from Iran in 2019 under pressure from Western sanctions. The tanker was initially bound for China, according to LSEG data
Rupee near record low despite RBI support as NDF-related dollar demand and outflows offset gains from easing oil prices and improved global risk sentiment
If the conflict lasts much of 2026, the repercussions could be 'catastrophic', Bernstein analysts said, citing supply risks, double-digit inflation and economic growth in the 2%-3% range
The likely intervention via state-run banks helped the currency hold above its record low of 93.98 per dollar to last quote at 93.96, down 0.1 per cent on the day
Iran conflict has disrupted shipping and gas supplies, including by the near-closure of the Strait of Hormuz, which serves as aconduit for 40% of India's crude oil imports
S&P 500 futures rose 0.9 per cent in the Asia morning, European futures lifted 1.2 per cent and Brent crude futures fell about 6 per cent to $98.30 a barrel
BTS' world tour will kick off on April 9 in the South Korean city of Goyang and will make stops in Las Vegas, Los Angeles, London, Paris, Tokyo, Singapore and other major destinations
The deal follows intensified talks amid sharply higher US tariffs under the Trump administration and growing Western concerns over China's dominant position in rare earths and other critical minerals
The ensuing leap in the price of oil, gas and other related products is a potential double whammy for economies around the world, feeding through into wider inflation and stunting growth
Three senior Israeli officials said Trump appeared determined to reach a deal, but that they thought it highly unlikely Iran would agree to US demands in any new round of negotiations
India, which meets nearly two-thirds of its vegetable oil needs through imports, brought in an average 1.36 million metric tons a month in the marketing year that ended in October 2025
 "Reuters")
