Strait of Hormuz - Page 9

A customer pays for fuel with 500 rupee notes at a petrol station in New Delhi. (Photo: Getty Image)

Rupee falls 17 paise to 92.71 against US dollar in early trade

Mumbai, Apr 9 (PTI): The rupee depreciated 17 paise to 92.71 against US dollar in early trade on Thursday as the fragile ceasefire and Iran’s threat to step out of the talks if Israel kept bombing Lebanon kept investors wary. Forex traders said markets are in a wait-and-watch mode rather than strong directional positioning as the

Read More →
People queue up at a petrol pump amid rumours of fuel shortage in the wake of the West Asian conflict, in Prayagraj, Uttar Pradesh, Friday, March 27, 2026. (Photo: PTI)

Does the Iran ceasefire mean the fuel crisis is over? Not even close

Sydeny, Apr 9 (The Conversation) It might feel like a lifetime ago, but it was just last week analysts began talking about fuel rationing in Australia. This week, that prospect seems less likely. A temporary ceasefire in the Iran war has been announced, even as Prime Minister Anthony Albanese heads off to Singapore – a

Read More →
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. (Photo: Video grab/AP)

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.

Read More →
US President Donald Trump said late Tuesday he’s pulling back on his threats to launch devastating strikes on Iran. (Photo: AP)

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,

Read More →
1 7 8 9 10 11 14