India hikes petrol and diesel costs
India has raised petrol and diesel costs for the primary time in 4 years by about Rs3 ($0.03) per litre, in response to retailers in Delhi, because the nation goals to recoup among the losses incurred as a consequence of increased international oil costs.
India is amongst the final main economies to boost retail gasoline costs. A litre of diesel in Delhi will value Rs90.67 ($0.95) and petrol Rs97.77 ($1.02).
Whereas a number of international locations in South Asia had hiked their gasoline costs shortly after the onset of the US and Israel struggle in Iran, India waited till after key state elections have been over.
Alisha Rahaman Sarkar15 Might 2026 04:39
Rubio warns president Trump gained’t be pressured into ‘unhealthy deal
Secretary of State Marco Rubio has mentioned that the US won’t enable Iran to make use of America’s financial state of affairs as “leverage” to stress President Donald Trump into making a “unhealthy deal”.
“What [President Trump] is making clear is that if the Iranians assume that they’re going to use our home politics to stress him into a nasty deal, that is not going to occur,” he instructed NBC Information.
Alisha Rahaman Sarkar15 Might 2026 04:28
Trump says he will not be affected person with Iran for for much longer
President Donald Trump mentioned was working out of persistence with Iran, as he urged Tehran to succeed in a cope with Washington.
“I’m not going to be far more affected person,” Trump mentioned in an interview aired final night time on Fox Information.
“They ought to make a deal.”Trump has beforehand dismissed Iran’s proposal as “rubbish”.
Alisha Rahaman Sarkar15 Might 2026 04:27
Oil costs rise after assaults and seizures of ships crossing Hormuz
Oil costs rose this morning as market considerations persevered over ship assaults and seizures regardless of Iran saying about 30 vessels had handed by the Strait of Hormuz, whereas the US and Chinese language presidents have been set for a second day of talks in Beijing.
Brent crude oil futures rose 60 cents, or 0.57 per cent, to $106.32 a barrel by 0100 GMT, whereas US West Texas Intermediate futures have been up 54 cents, or 0.53 per cent, to $101.71.
Yang An, analyst at Haitong Futures, mentioned the principle driver of oil costs was nonetheless tight provide.
“Oil costs swung a number of occasions yesterday however nonetheless closed close to the day’s excessive,” he mentioned. “Ships passing by the strait eased some market considerations, however not sufficient to vary the robust pattern pushed by tight provide.”
Alisha Rahaman Sarkar15 Might 2026 04:17
Iran struggle briefing:
- President Donald Trump says he will not be ‘far more affected person’ with Iran as he urged Tehran to succeed in a cope with Washington
- US Commerce Consultant Jamieson Greer has claimed that Chinese language officers made clear on the US-China summit that it needs to see the Strait of Hormuz reopen with out restrictions or tolls and that Beijing will act pragmatically to restrict navy help for Iran
- Secretary of state Marco Rubio has defended the struggle on Iran, claiming Tehran was constructing a large missile and drone arsenal to finally shield a nuclear weapons programme
- Oil costs rose as we speak as market considerations persevered over ship assaults and seizures regardless of Iran saying about 30 vessels had handed by the Strait of Hormuz
Alisha Rahaman Sarkar15 Might 2026 04:16