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Russia and China veto watered-down UN resolution aimed at reopening the Strait of Hormuz

UNITED NATIONS, April 8, 2026 (AP) — Russia and China on Tuesday vetoed a U.N. Security Council resolution aimed at reopening the Strait of Hormuz that had been repeatedly watered down in hopes those two countries would abstain. The vote — 11-2, with two abstentions from Pakistan and Colombia — took place shortly after U.S. President Donald Trump issued an unprecedented threat that a “whole civilization will die tonight” if Iran does not open the strategic waterway and make a deal. But late Tuesday, less than two hours before the deadline he set, Trump pulled back his threat. Trump said

Rupee surges 50 paise to 92.56 against USD in early trade after US, Iran agree to 2-week ceasefire

Mumbai, Apr 8 (PTI) The rupee appreciated 50 paise to 92.56 against the US dollar in early trade on Wednesday after US President Donald Trump announced suspension of military strikes against Iran for two weeks. Forex traders said the two-week ceasefire announcement triggered a wave of outsized bargain buying amongst the risk assets as Asian Stocks, Dow futures, Gold and Silver all rallied while Brent Oil fell below USD 100 to USD 96 per barrel. The rupee in accordance surged to 92.56 levels, with the RBI deadline still in place till the 10th of April (regarding squaring of positions taken

Stock markets cheer US-Iran ceasefire; Sensex jumps nearly 4 pc

Mumbai, Apr 8 (PTI) Stock market benchmark indices Sensex and Nifty surged in early trade on Wednesday following a sharp rally in global peers and a significant drop in crude oil prices after the US and Iran announced a two-week ceasefire. The 30-share BSE Sensex jumped 2,775.73 points or 3.71 per cent to 77,392.31 in early trade. The 50-share NSE Nifty surged 815.2 points or 3.52 per cent to 23,938.85. From the 30-Sensex firms, InterGlobe Aviation jumped the most by nearly 10 per cent. Larsen & Toubro, Bajaj Finance, Adani Ports, Bajaj Finserv and Mahindra & Mahindra were also among

Oil slides below $100 after Trump announces two-week ceasefire

SINGAPORE, April 8 (Reuters) – Oil fell below $100 per barrel ‌on Wednesday after U.S. President Donald Trump said he had agreed to a two-week ceasefire with Iran that was subject to the immediate and safe reopening of the Strait of Hormuz. Brent futures fell $14.51, or 13.3%, to $94.76 a barrel at 0330 GMT, ​while WTI slid $17.16, or 15.2%, to $95.79 a barrel. Trump’s turnaround came shortly before his deadline for Iran to ​open the Strait of Hormuz, where 20% of the world’s oil transits, or ⁠face widespread attacks on its civilian infrastructure. “This will be a double

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