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Rupee tanks 59 paise to close at 95.55 against US dollar

Mumbai, Jul 8 (PTI) The rupee tanked 59 paise to settle at 95.55 (provisional) against the US dollar on Wednesday as the US launched fresh strikes on Iran after Tehran struck three ships in the Strait of Hormuz, pushing up crude oil prices and strengthening the dollar. The US military attacked Iran early Wednesday after it said Tehran struck three ships in the Strait of Hormuz, part of an American effort that also revoked the Islamic Republic’s ability to openly sell crude oil in the world market. Iran retaliated with strikes targeting Bahrain and Kuwait. Following the strikes, global crude

Stock markets tumble over 2 pc on escalating US-Iran tensions, sharp surge in oil prices

MUMBAI, Jul 8 (PTI) Equity benchmark indices Sensex and Nifty fell sharply by over 2 per cent during the fag-end of the trade on Wednesday amid reports that the US President Donald Trump said the interim agreement with Iran is over, leading to a sharp rally in crude oil prices. The 30-share BSE Sensex tanked 1,722.99 points, or 2.20 per cent, to 76,457.73 in intraday trade. The 50-share NSE Nifty tumbled 530.05 points, or 2.17 per cent, to 23,868.65. All the 30-Sensex firms were trading in the red. InterGlobe Aviation, Maruti, Hindustan Unilever, UltraTech Cement, Bajaj Finance and Mahindra &

Living in a glorified tent: new research shows huge energy gaps between older and newer homes

Every winter, millions of Australians are reminded how hard it is to live comfortably in older homes. Warm air constantly leaks out through poorly insulated ceilings, walls and floors, and through gaps in floors, windows and under doors. Heaters run day and night, sending energy bills soaring. The gap between new and old homes is huge. Since 2004, new homes across most of Australia have to meet minimum energy performance standards. Homes now have to reach 7 stars on the national Home Energy Rating scheme, known as NatHERS (or the equivalent BASIX system in New South Wales). The higher the

Oil prices jump after US strikes on Iran, while shares in Asia are mixed

BANGKOK, July 8, 2026 (AP) — Asian shares were mixed on Wednesday and oil prices surged more than 2% after the U.S. launched strikes on Iran after it said Tehran struck three ships in the Strait of Hormuz. U.S. futures were little changed. Brent crude, the international standard, jumped 2.6% to $76.09 a barrel early Wednesday, while U.S. benchmark crude also gained 2.6% to $72.25 a barrel. Both had declined recently to the levels they were at before the war with Iran began in late February. Shares in Greater China rose while other markets were mostly lower. Tokyo’s Nikkei 225

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