India meets 90% of its oil needs through imports, which also constitute 60% of LPG/LNG production. Escalating tensions in West Asia and closure of the Strait of Hormuz may affect imports, but officials have vowed not to increase petrol/diesel prices as India increases oil imports from Russia. India has also rejected the International Energy Agency’s call for strategic reserves and prioritized domestic production.Read the full story
Pakistan Prime Minister Shehbaz Sharif announced emergency austerity measures as the crisis in the Middle East and the impact of the war with Iran pushed up crude prices. The fuel consumption of official vehicles will be reduced by 50%, and 60% of official vehicles will be grounded. Cabinet members and lawmakers will give up 25% of their salaries for two months, while non-essential spending and foreign travel are banned until June 2026. The government will move to a four-day working week, with 50% working from home.Read the full story
Amid the escalating Israel-Iran war, Iran’s security chief Ali Larijani dismissed President Trump’s threat to “strike 20 times harder” and destroy Iran if it blocks the flow of oil through the Strait of Hormuz, he posted on X.“Iran is not afraid of empty threats. No matter how powerful it is, it cannot eliminate us. Be careful not to be eliminated!” he said.Trump has warned of “death, fire, fury” as the United States and Israel launch attacks on Tehran and Iran plans to retaliate, disrupting 20% of the world’s oil supply.Read the full story
A Supreme Court bench headed by CJI Surya Kant dismissed the inquiry case filed against the judicial officers representing Bengal, Odisha and Jharkhand amid lack of trust from the TMC-ECI over the West Bengal electoral roll revision, saying that questioning of the judiciary would not be tolerated. The court asked the Chief Justice of the Calcutta High Court to constitute an appellate tribunal to hear the claim appeal at the ECI’s expense. More than 1 million people have had their claims adjudicated and 6.3 million are awaiting trial.Read the full story
During the 2026 T20 World Cup final in Ahmedabad, India pacer Arshdeep Singh was fined 15% of the match fee and deducted one point for violating Article 2.9 of the ICC Code of Conduct. In the 11th inning, he hit batsman Daryl Mitchell on the pads while pitching aggressively after a catch. The ICC deemed the conduct inappropriate and potentially dangerous, and it was the first time Ashdeep had been docked points in 24 months.Read the full story
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