Reporting that shows its working
Latest Five candidates file for Karnataka's West Graduates' Council seat, with both camps in the fray
Geopolitics desk
Great-power competition, trade blocs, energy security and India's place in the shifting world order.
Iranian media published the outline of a draft agreement on June 12. Reuters reported that no final deal had been reached. Both halves of that sentence matter.
Details reported on May 24 tied three questions together — a shipping strait, an enrichment ceiling and a verification mechanism. Two days later, US forces struck Iranian missile sites anyway.
Brent had been heading toward $120 before the announcement. It closed the session near $94, still roughly 30 per cent above where it traded before the war.
The Supreme Court struck down the emergency tariffs in February. What replaces them runs on borrowed time, and Indian exporters are waiting to see whether the money already collected comes back.
Reuters reports Brent near $70 after joint US-Israeli strikes and Iranian retaliation, with no confirmed damage to oil infrastructure and no reported disruption to shipping through the Strait of Hormuz at the time of writing.
A White House fact sheet dated February 9 says the additional 25% tariff on India is removed, the reciprocal rate falls from 25% to 18%, and India intends to buy more than $500 billion of American energy, ICT, coal and other goods.
Brent settled at $70.71 on January 29, the highest since July, on fear of US strikes. The premium a bank has actually put on that fear is $3 to $4 a barrel. That gap is worth understanding.
