Iran-Linked LPG Tanker Signals Indian Ownership Through Hormuz
(Bloomberg) — A liquefied petroleum gas carrier which has previously ferried Iranian cargoes is moving through the Strait of Hormuz while declaring that its crew and owners are Indian, according to ship-tracking data. Read More
US, Iran Wrangle Over Terms of Deal to End War And Reopen Hormuz
(Bloomberg) — The US and Iran remain far apart on a framework to end their war and reopen the Strait of Hormuz, with President Donald Trump calling the Islamic Republic’s reply to his proposed peace plan unworkable. Read More
Ships’ Signals Go Haywire as Hormuz Strait Tensions Escalate
(Bloomberg) — Geolocation data for some ships in the Persian Gulf showed locations and speeds that defied logic, pointing to an increase in signal interference following fresh attacks by Iran on neighboring countries. Read More
Copper Shrugs Off Middle East Uncertainty to Aim for Record High
(Bloomberg) — Copper headed for its highest-ever close and other metals advanced as traders shrugged off the apparent deadlock between the US and Iran to join a broader rally for risk assets. Read More
RBI Should Dial Back Rupee Intervention, Former Governor Says
(Bloomberg) — The Reserve Bank of India should temper its currency intervention efforts, and continue with measures to open up the nation’s markets, a former governor said, about a month after the monetary authority imposed sweeping curbs to support a struggling rupee. Read More
Oil Jumps After Trump Says Iran’s Peace Offer Is ‘Unacceptable’
(Bloomberg) — Oil surged after US President Donald Trump rejected Iran’s latest response to his proposal to end the war in the Middle East, prolonging the effective closure of the crucial Strait of Hormuz. Read More
Modi Urges Indians to Conserve Fuel, Curb Costly Oil Imports
(Bloomberg) — Indian Prime Minister Narendra Modi appealed to citizens to cut fuel use and avoid unnecessary travel as rising oil prices from the Iran war threaten to widen the nation’s import bill and strain foreign-exchange reserves. Read More