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Two Indian LPG tankers carrying day’s supply sail through Strait of Hormuz

New Delhi, Mar 23 (PTI) Two more Indian-flagged LPG tankers, carrying roughly a day’s supply of the country’s cooking gas, have safely navigated through the war-hit Strait of Hormuz and are expected to reach Indian shores over the next two days. LPG tankers Pine Gas and Jag Vasant, sailing close to each other, started from the Persian Gulf on Monday morning before crossing the strait, ship tracking data showed. The two ships are carrying about 92,000 tonnes of LPG, said Rajesh Kumar Sinha, Special Secretary in the Ministry of Ports, Shipping, and Waterways, at a news briefing. “The movement has

US will hold off on Iran power plant strikes for 5 days, extending Trump deadline on Hormuz strait

DUBAI, United Arab Emirates, March 23, 2026 (AP) — President Donald Trump on Monday extended his deadline for Iran to reopen the crucial Strait of Hormuz to international shipping, saying the U.S. would hold off on strikes against Iranian power plants for five days. Shortly after Trump made the announcement on his Truth Social site, Iranian state television put up a graphic that read: “U.S. president backs down following Iran’s firm warning.” The reprieve came hours ahead of Trump’s self-imposed deadline later in the day. Writing in all capital letters, Trump said the U.S. and Iran have had “very good

Sensex plunges 1,836 pts; Nifty down to 22,512 as war, crude oil prices continue to hit sentiments

Mumbai, Mar 23 (PTI) Equity benchmark indices Sensex and Nifty plummeted on Monday, in tandem with an extremely weak trend in global markets as the war in the Middle East showed no signs of a slowdown. Rising crude oil prices due to the war, which has entered its fourth week, relentless foreign fund outflows and weakness in the rupee have also made investors risk-averse. The 30-share BSE Sensex dived 1,836.57 points, or 2.46 per cent, to settle at 72,696.39. During the day, it plunged 1,974.52 points, or 2.64 per cent, to 72,558.44. The 50-share NSE Nifty tanked 601.85 points, or

Rupee slumps 50 paise to settle at fresh record low of 94.03 against US dollar

Mumbai, Mar 23 (PTI) The rupee breached the 94/dollar barrier for the first time, slumping 50 paise to a new record closing low of 94.03 (provisional) against the greenback on Monday, as spiralling global crude prices and unabated foreign fund outflows unnerved investors. A strengthening US dollar and a steep decline in the domestic equity markets further weakened the local unit, forex traders said. At the interbank foreign exchange, the local unit opened at 93.84 and kept losing ground throughout the day, before breaching the 94-mark against the US dollar for the first time to settle at 94.03 (provisional), down

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