Business

Donald Trump (File photo) US President Donald Trump said his country could benefit economically from rising oil prices but added that preventing Iran from acquiring nuclear weapons remains his overriding priority. He called Iran an “evil empire” and warned that its nuclear ambitions could threaten the stability of the Middle East and beyond.“The United States…

Gold prices moved lower across major Indian cities on Thursday as retail bullion rates declined following mild profit-booking after recent gains. Sentiment in the physical market remained cautious as traders tracked movements in domestic futures and global cues. Here is how gold prices stand across major Indian cities today: Gold price in Delhi today Gold…

NEW DELHI: US ambassador Sergio Gor lauded India’s role in maintaining stable oil prices around the world, saying Washington recognises ongoing purchases of Russian oil by the Indian govt are a part of this effort. The remarks by the ambassador follows the US’s decision last week, in the middle of the war in West Asia…

NEW DELHI: The Centre on Wednesday asked states to address LPG cylinder supply constraints and ensure fears of scarcity do not turn into a law and order issue. State govts were also asked to check black marketing and hoarding of cooking gas cylinders, amid reports of panic booking.TOI has learnt that in a meeting with…

US financial and technology companies are stepping up security and limiting office activity in parts of the Middle East, a day after Iran warned it could target economic centres linked to the United States during the ongoing regional conflict.Citi Bank asked employees to immediately leave its regional headquarters in the Dubai International Financial Centre, according…

NEW DELHI: Fears of LPG shortage have begun spreading across the country as the escalating conflict in Middle East disrupts global energy supply chains. The closure of the Strait of Hormuz following Iranian retaliation against US–Israel strikes has triggered panic buying, long queues at LPG agencies and petrol pumps, and forced restaurants and small businesses…

MUMBAI: Gen Z investors who entered the markets during the Covid & post-Covid years are in panic mode. Having not experienced significant market corrections in their short investment journey, they are jittery looking at some red marks in their statements, indicating month-on-month fall in portfolio values. They are also the ones who are regularly asking…

Data from the US Energy Information Administration shows that the US had 132 operational petroleum refineries as of January 2024. (AI image) Mukesh Ambani-led Reliance Industries (RIL) has partnered with America First Refining (AFR) to develop the first large oil refinery project in the United States in nearly fifty years, with President Donald Trump describing…

NEW DELHI: Integrated shipping and logistics company Maersk has decided to levy a temporary emergency bunker surcharge on new cargo bookings to ensure the cross-border movement of essential items amid the ongoing crisis in West Asia. However, the surcharge is subject to regulatory approvals and will apply globally, including India, without exception from March 25,…

As the conflict between the United States, Israel and Iran enters its 13th day, escalating attacks have begun disrupting global commodity markets beyond oil and gas. Explosions and sirens across the region reflect a widening conflict that has rattled energy routes and trade flows.Since the war began on February 28 with joint US-Israeli strikes on…