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Oil prices surge 7%: US energy secretary issues warning as gas tops $4 per gallon amid Hormuz tensions

Oil prices surged sharply after Iran moved again to block most maritime traffic through the Strait of Hormuz, a critical chokepoint that handles roughly one-fifth of global crude flows, escalating geopolitical tensions and rattling financial markets.Brent crude, the global benchmark, jumped around 7 per cent to $96.88 a barrel, rebounding from Friday’s close, which had...
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Gold, Silver Rate Today Live Updates: Middle East conflict in focus as prices likely to be volatile; what’s the outlook?

Gold buying during one of the major festive occasions remained subdued on Sunday, as record-high prices discouraged jewellery purchases, outweighing a slight rise in investment-led demand. The festival of Akshaya Tritiya—considered the second most significant gold-buying occasion after Dhanteras—was marked across the country, with buying precious metals traditionally seen as a sign of prosperity. According...
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South Korea working with India to secure Hormuz, security of key maritime routes essential for survival of both nations: President Lee | India News

South Korean President Lee Jae Myung As he arrived in India for a State visit, South Korean President Lee Jae Myung said Koreas and India must work closely as emerging global leaders amid heightened geopolitical uncertainty, and that the 2 countries can give a new direction to multilateralism when it’s faced with mounting challenges. In...
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