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Union Minister Hardeep Puri Speaks About The Impact Of Iran Israel War On Crude Oil Market

Union Minister Hardeep Puri Speaks About The Impact Of Iran Israel War On Crude Oil Market

News18a day ago

Union Minister Hardeep Puri Speaks About The Impact Of Iran Israel War On Crude Oil Market | News18
Last Updated: India Videos
Amid the escalating Iran-Israel conflict, Union Minister Hardeep Puri addresses global oil market volatility, highlighting India's strategic preparedness. Praises PM Modi's proactive energy diplomacy in safeguarding India's crude supply and economy. n18oc_india News18 Mobile App - https://onelink.to/desc-youtube

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‘Diplomatic intervention': Pakistan nominates Donald Trump for 2026 Nobel Peace Prize; cites role in India-Pakistan crisis
‘Diplomatic intervention': Pakistan nominates Donald Trump for 2026 Nobel Peace Prize; cites role in India-Pakistan crisis

Time of India

time34 minutes ago

  • Time of India

‘Diplomatic intervention': Pakistan nominates Donald Trump for 2026 Nobel Peace Prize; cites role in India-Pakistan crisis

Donakd Trump Pakistan has nominated US President Donald Trump for the 2026 Nobel Peace Prize , crediting his "decisive diplomatic intervention and pivotal leadership" during the recent crisis between India and Pakistan. The announcement was made in a post on social media platform X, where Pakistani officials said Trump played a key role in defusing tensions between the two nuclear-armed neighbours. The nomination follows comments made by Trump on Friday, in which he argued he deserved the prestigious award for multiple peace efforts, including his involvement in easing tensions between India and Pakistan. 'I should have gotten it four or five times,' the president said. 'They won't give me a Nobel Peace Prize because they only give it to liberals.' While the Indian government has rejected the idea that Trump played a role in the ceasefire, Trump insists he helped prevent a potential war. 'Well, I stopped a war... I love Pakistan. I think Modi is a fantastic man. I spoke to him last night. We're going to make a trade deal with Modi of India,' he told reporters earlier this week. 'But I stopped the war between Pakistan and India. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Free P2,000 GCash eGift UnionBank Credit Card Apply Now Undo This man was extremely influential in stopping it from the Pakistan side. Modi from the India side and others. They were going at it – and they're both nuclear countries. I got it stopped.' Pakistan's Chief of Army Staff, General Asim Munir, has also secured a lunch meeting at the White House following his recommendation that US President Donald Trump be awarded the Nobel Peace Prize for 2026. White House spokesperson Anna Kelly confirmed the meeting will take place but did not provide a date. This is not the first time Trump has been nominated for the Nobel Peace Prize. In the past, loyal lawmakers and supporters have submitted his name for consideration. He has also repeatedly voiced frustration at being overlooked, referencing the 2009 win of former US President Barack Obama. Trump also announced on Truth Social that he had arranged a peace treaty between the Democratic Republic of the Congo and Rwanda. He said officials from both countries would travel to Washington on Monday to sign the agreement, although their joint statement listed the date as June 27. 'This is a Great Day for Africa and, quite frankly, a Great Day for the World!' Trump wrote. He also criticised the Nobel committee for not acknowledging his previous peace efforts in other regions. 'I won't get a Nobel Peace Prize for this, I won't get a Nobel Peace Prize for stopping the War between India and Pakistan, I won't get a Nobel Peace Prize for stopping the War between Serbia and Kosovo, I won't get a Nobel Peace Prize for keeping Peace between Egypt and Ethiopia. .. No, I won't get a Nobel Peace Prize no matter what I do... but the people know, and that's all that matters to me!' The peace agreement between the DRC and Rwanda, reached during three days of negotiations in Washington, aims to end a decades-long conflict in eastern Congo. Trump has positioned himself as a global peacemaker, often highlighting his negotiation skills as a key approach to ending international conflicts. However, the wars in Gaza and Ukraine are ongoing, with no resolution reached more than five months into his presidency.

Fed move pulls gold prices down
Fed move pulls gold prices down

Hans India

timean hour ago

  • Hans India

Fed move pulls gold prices down

Gold prices slipped after the US Federal Reserve kept interest rates unchanged and signalled a more gradual path for rate cuts, analysts said on Friday. US Fed Chair Jerome Powell noted the central bank expects an increase in inflation in the coming months amidst tariffs and other factors, reinforcing a cautious policy stance. While markets initially responded with optimism, Powell tempered expectations by reiterating that with low and stable unemployment, the Fed is well-positioned to wait for more data before making any moves. Though Powell hinted that September could be a 'live' meeting, however market participants have been discounting the same since sometime. Fed still anticipates rate cuts totaling 50 basis points in 2025, but now sees only 25 basis points of easing each in 2026 and 2027. 'Powell emphasised that these forecasts are highly data-dependent, especially on inflation trends. Meanwhile, geopolitical developments added to market uncertainty, as President Donald Trump floated the idea of meeting with Iran over the Iran-Israel conflict, and Russian President Vladimir Putin expressed readiness for substantive peace talks with Ukraine,' said Manav Modi, Senior Analyst, Commodity Research at Motilal Oswal Financial services Ltd. According to Rahul Kalantri, VP Commodities, Mehta Equities Ltd, gold and silver prices slid from recent highs, nearing one-week lows and heading for their first weekly decline in three escalation of the Israel-Iran war and weaker dollar index are supporting safe-haven buying for precious metals. Weakness in the rupee is also supporting prices of gold and silver in the domestic markets,' Kalantri explained. Gold has support at $3340-3315 while resistance is at $3380-3400. Silver has support at $35.75-35.50 while resistance is at $36.35-36.55.

Airspace Restrictions in West Asia: As Routes Shift, Flight Fares Goon Steep Ascent
Airspace Restrictions in West Asia: As Routes Shift, Flight Fares Goon Steep Ascent

Time of India

timean hour ago

  • Time of India

Airspace Restrictions in West Asia: As Routes Shift, Flight Fares Goon Steep Ascent

Air fares from India to several international destinations have risen sharply in the past month, travel companies said, potentially intensifying worries for travellers especially families looking to head out for the summer holidays. Airline operating costs are getting impacted by airspace closures due to the Israel-Iran conflict, forcing longer flight detours, and fuel price volatility, the companies said, adding lower seat capacity on certain routes is also weighing on the ticket prices. Fares could rise further if route diversions and impact on flight frequencies continue, the companies said. Europe is likely to see the sharpest fare hikes, especially for routes to France, Germany and UK, said Jatinder Paul Singh, global CEO of Viacation, a travel solutions provider. 'From India, airfares to Europe have gone up by 20–35% between March and July based on forward bookings data.' Singh also noted short-term fare hikes on flights to some destinations in the Middle East. 'In North Asia, Japan and South Korea have also become significantly more expensive to reach,' he said. A one way, non-stop Air France ticket for Delhi to Paris for July 1 costs about Rs 64,000 on a popular travel portal. A one way, non-stop Air India ticket for Mumbai to Japan for the same date costs ₹101, 698 per adult on the same website. Ongoing geopolitical tensions in West Asia have resulted in temporary airspace restrictions, leading to longer flight durations on certain routes by two to four hours, increasing operational costs of airlines, and prompting 15-20% fare hikes on certain routes, said Bharatt Malik, senior VP, flights and hotel business at Yatra Online, an online travel company. Last week, Air India diverted or recalled around 16 flights on transatlantic and European routes as Iran closed its airspace after Israel launched an attack targeting its nuclear and military sites. The Iranian airspace currently remains shut to most international flights. A June 15 advisory by IndiGo, India's largest airline, said due to the airspace curbs, flight routes to and from the Gulf region were experiencing congestion which may cause delays on certain sectors. 'As we continue to operate via alternate paths, extended travel times may be expected,' the airline in a post on X. In an update on Thursday, Air India announced a temporary reduction in services operated by Boeing 787 and 777 aircraft from June 21 till at least July 15. The suspended routes include Delhi-Nairobi, Amritsar-London, Goa-London, while routes with reduced frequency include Delhi-Washington, Delhi-San Francisco, Delhi-Toronto, and Delhi-Tokyo. For some carriers, airfares for Dubai and Abu Dhabi are 10-15% higher from a month ago, while those to Japan and South Korea are 5-10% higher, said Abraham Alapatt, president and group head for marketing, service quality, value added services and innovation at travel company Thomas Cook (India).

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