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Iran war’s global energy crisis sharpens China’s advantage in clean tech

HONG KONG, April 13, 2026 (AP) — China is poised to benefit from the Iran war as global energy disruptions accelerate a shift away from fossil fuels and toward clean technologies and renewable power, industries that China dominates. Most of the oil and gas from the now mostly shut Strait of Hormuz was Asia-bound. Asian nations are scrambling to conserve energy and bolster dwindling reserves. As a temporary ceasefire teeters, gasoline prices in the U.S. and Europe are spiking. While most of Asia is hit hard, China will likely benefit from the fossil fuel disruptions despite being the biggest purchaser

US to blockade Iran ports after talks fail to yield a deal

WASHINGTON/SINGAPORE, April 13 (Reuters) – The U.S. military said it will begin a ​blockade of all maritime traffic entering and exiting Iranian ports and coastal areas on Monday, after weekend talks failed to reach a deal to end the war with Iran, jeopardizing ‌a fragile two-week ceasefire. The talks in Islamabad, which ran from Saturday into early Sunday, were the first direct U.S.-Iranian meeting in more than a decade and the highest-level discussions since Iran’s 1979 Islamic Revolution. The negotiations came days after a ceasefire began on Tuesday, aimed at ending six weeks of fighting that has killed thousands of

Rupee plunges 49 paise to 93.32 against US dollar in early trade

Mumbai,Apr 13 (PTI) The rupee depreciated 49 paise to 93.32 against the US dollar in early trade on Monday, weighed down by higher crude oil prices and a firm American currency amid a volatile geopolitical situation. Renewed tension in West Asia and uncertainties on the opening of the Strait of Hormuz following inconclusive Iran-US peace talks triggered a surge in crude oil prices, while investors rushed to withdraw funds from domestic equities, putting further pressure on the Indian currency, forex traders said. At the interbank foreign exchange market, the rupee opened at 93.30 against the US dollar and lost further

Stock markets dive as failure of US–Iran negotiations fuels concerns of prolonged conflict

Mumbai, Apr 13 (PTI) Equity benchmark indices Sensex and Nifty tumbled in early trade on Monday as the failure of US–Iran negotiations heightened concerns of a prolonged conflict driving crude oil prices sharply higher. The US and Iran failed to reach a peace deal at their historic 21-hour talks in Pakistan, leaving the fate of a tenuous two-week ceasefire in doubt, with both sides attempting to hold each other responsible for the collapse of the negotiations. The 30-share BSE Sensex tumbled 1,613.09 points to 75,937.16 in early trade. The 50-share NSE Nifty plunged 495 points to 23,555.60. All the 30-Sensex

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