5 related stories
Residents of Islamabad are bearing significant economic and security costs as Pakistan's capital serves as the epicentre of US-Iran ceasefire mediation efforts. Business activity has slowed and living costs have risen amid escalated military presence.
LPG cylinder prices in India increased by 933 rupees. The energy crisis from Iran war continues to deeply affect India.
Reliance Industries, India's largest conglomerate, achieved annual net profit exceeding $10 billion for the first time. The milestone reflects strong demand across its oil, gas, and refining operations despite Iran war disruptions.
Iran's Foreign Minister Abbas Araghchi is traveling to Pakistan for direct ceasefire talks with the US and its allies. The move follows a 10-day ceasefire extension and signals potential for a diplomatic resolution to the Iran-US conflict.
Brent crude oil approached $110 per barrel as Iran-US ceasefire uncertainties drive a five-day rally. The energy price surge directly impacts India's import-dependent economy and inflation trajectory.