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Oil falls to pre-war levels, no change in petrol and diesel prices

New Delhi, Jun 25 (PTI) Global oil prices fell on Thursday to their lowest levels since before the outbreak of the Iran conflict, offering a significant economic tailwind for India, the world’s third-largest crude importer, by easing inflation risks, reducing the import bill and improving the government’s fiscal position. Brent crude, the international benchmark, dropped to about USD 72-73 a barrel, while US crude fell below USD 70 a barrel, erasing the geopolitical risk premium that had driven prices as much as USD 120 a barrel during the height of the conflict earlier this year. Both benchmarks are now back

Oil tankers navigate the Strait of Hormuz despite threats from Iran’s Revolutionary Guard

DUBAI, United Arab Emirates, June 25, 2026 (AP) — A series of tankers made their way out of the Strait of Hormuz on Thursday despite threats to shipping from Iran’s paramilitary Revolutionary Guard, using a new route close to Oman’s shore that has been promoted by a U.N. maritime agency. The development comes as Iran and the United States are increasingly debating the terms of the interim deal signed last week aimed at permanently ending the Iran war — from getting ships through the narrow mouth of the Persian Gulf to the future of Iran’s stockpile of highly enriched uranium.

Gold declines Rs 2,800, silver drops Rs 5,000 in Delhi amid weak global cues

New Delhi, Jun 25 (PTI) Gold prices declined by Rs 2,800 to Rs 1.45 lakh per 10 grams and silver by Rs 5,000 in the national capital on Thursday amid subdued demand in the market and weak global trends. According to the All India Sarafa Association, gold of 99.9 per cent purity fell by Rs 2,800 to Rs 1,45,300 per 10 grams (inclusive of all taxes) from the previous level of Rs 1,48,100 per 10 grams. Silver also weakened, falling by Rs 5,000 to Rs 2,26,000 per kg (inclusive of all taxes). The white metal had settled at Rs 2,31,000

Three Indian development financiers eye $1.5 bln dollar loans under RBI scheme, sources say

MUMBAI, June 25 (Reuters) – Three Indian development finance institutions are planning to raise at least $1.5 billion through foreign-currency bank loans under the central bank’s discounted overseas borrowing facility, ​three people familiar with the plans said. The institutions are favouring loans over bonds ‌because none has issued dollar debt before and the process is simpler, the sources added. The National Bank for Agriculture and Rural Development (NABARD), the Small Industries Development Bank of India (SIDBI) and the National Bank for Financing Infrastructure and ​Development (NaBFID) are each seeking to raise at least $500 million through foreign-currency loans, with NaBFID

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