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Stocks struggle, oil jumps as Trump’s Iran deadline looms

SINGAPORE, April 7 (Reuters) – Global stocks wavered on Tuesday, while oil prices were perched near $110 per barrel as the prospect of ​escalation in the war in the Middle East and the looming deadline for a deal to be reached kept nervy investors ‌on the sidelines. Markets have been rattled since the U.S.-Israel war on Iran broke out at the end of February, with Tehran effectively closing the Strait of Hormuz, a key global oil transit chokepoint that has spurred inflation worries. While investors have pinned their hopes on a resolution to the war, the talks so far have

Trump seizes on rescue of downed airman to recast unpopular Iran war

WASHINGTON, April 7 (Reuters) – President Donald Trump was on the verge of a crisis in the Iran war, faced with the rare instance of an American airman shot down and stranded ​deep inside enemy territory. Then, the airman’s daring Easter weekend rescue gave the U.S. president the chance to quickly flip the script. Standing ‌before cameras on Monday, Trump recast the perilous operation as a providential military triumph, leaning in to its cinematic elements to project strength and command of a five-week-old war that remains deeply unpopular with U.S. voters. “We have incredibly talented people, and if the time

The NZ government has boxed itself in over fuel saving strategies – but there is a way out

While the government works to reassure New Zealanders that fuel stocks are stable, the numbers tell an uncomfortable story: the country has about 27 days of onshore cover for petrol and 17 days of diesel. Meanwhile, the Middle East crisis remains volatile, even after today’s announcement of a two-week ceasefire. In a country that imports all of its refined petrol, diesel and jet fuel, petrol is above NZ$3 a litre and diesel has overtaken it for the first time in history. Roughly 80% of New Zealand’s fuel supply originates from refineries in South Korea and Singapore, which rely heavily on the Strait of Hormuz for their crude oil. It is

RBI proposes tighter rules for bank agents

A man speaks on his phone as he walks past the Reserve Bank of India (RBI) logo inside its headquarters in Mumbai, India, February 7, 2025. (Photo: Reuters)

MUMBAI, April 6 (Reuters) – The RBI (Reserve Bank of India) on Monday proposed tighter rules for bank agents delivering ​last-mile services in rural and underbanked regions, including ‌stricter oversight, revised pay structures and stronger due diligence. The central bank outlined plans to reclassify and regulate business correspondents under ​two distinct models, enhance monitoring, and revise compensation ​structures. Here are some details: This report is given by Press Trust Of India. The Sen Times holds no responsibility for its content.

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