Latest News

India raises export duties on diesel, aviation turbine fuel

April 11, 2026

General

India has further raised a windfall tax on exports of ‌diesel and aviation turbine fuel it imposed last month to ensure adequate domestic supply. In a government notification on Saturday, India’s finance ministry increased the tax on diesel exports to 55.5 rupees per ⁠litre from 21.5 rupees per litre, and on exports of aviation turbine fuel to 42 rupees per litre from 29.5 rupees per litre, effective immediately. India also last month cut excise duty on petrol and diesel by 10 rupees ($0.11). Separately, to control a rise in airfares, it has also capped a monthly increase in aviation turbine ‌fuel ⁠prices

Unsettled and uncertain: What the Iran war means around the world as US and Iran enter talks

April 11, 2026

Politics

The long-term fallout of the war in Iran is only beginning to take shape, but this much is clear: The conflict has left the Middle East unsettled, alliances strained and the world facing uncertain shifts in the balance of economic and military power. Iran’s theocracy is tattered but alive, with new economic leverage. The U.S. and Israel will hold elections this year, their leaders potentially facing voters having fallen short of their war aims. The NATO alliance, already strained, is under even more pressure. The Gulf Arab states face an emboldened Iran in their backyard. Israel If Prime Minister Benjamin

Chinese oil tankers transit Strait of Hormuz, data shows

April 11, 2026

General

Oil tankers and cargo ships line up in the Strait of Hormuz as seen from Khor Fakkan, United Arab Emirates, Wednesday, March 11, 2026. (Photo: AP)/Oil prices

SINGAPORE, April 11 (Reuters) – Two Chinese supertankers passed through the Strait ‌of Hormuz on Saturday, shipping data on LSEG showed, likely the first vessels to ⁠exit the Middle East Gulf since the U.S.-Iran ceasefire deal was struck earlier this week. Very Large Crude Carriers Cospearl Lake and ‌He ⁠Rong Hai, both chartered by Unipec, the trading arm of Asia’s ⁠largest refiner Sinopec (600028.SS), opens new tab, entered and exited “Hormuz Passage trial anchorage” ⁠that bypasses Iran’s Larak Island on ⁠Saturday, the data showed.

Trump says US forces are ‘clearing’ Strait of Hormuz

April 11, 2026

Politics

Washington, April 11 (Reuters)” U.S. President Donald Trump on Saturday posted on social media that the United States ‌military has started to clear the Strait of Hormuz, and that all of Iran’s minelaying ships have been sunk. “We’re now starting the process of clearing out the Strait of Hormuz,” Trump wrote in a Truth Social post, adding that “all ⁠28” of Iran’s “mine dropper boats are also lying at the bottom of the sea”. Minutes before Trump’s post, reports started to emerge about the presence of U.S. naval ships in the strait. An Axios journalist, citing an unnamed U.S. official,