SENSEX
NIFTY
GOLD
USD/INR

Weather

image 31    C

The Economic Times

Company / The Economic Times

Biggest energy crisis ever: 600 million barrels lost, oil shock sends prices, inflation and markets into turmoil

A big global energy crisis is happening due to oil supply loss during war. Fuel prices are rising fast in many countries. Inflation is also going up, affecting daily costs. Some regions are facing fuel shortages. Markets are reacting with high volatility. Experts say this situation may impact the global economy and investment trends in the coming months.

21 Apr 2026 3:47 am
US Stock Market Closing: Why did Dow Jones, S&P 500, Nasdaq end lower today? Nasdaq snaps 13-day rally as Iran tensions rise, oil jumps above $95

US stock market closing today shows a small fall in major indexes like S&P 500, Dow Jones, and Nasdaq. The drop comes as global tensions increase and oil prices move higher. Investors are still hopeful about future growth, but they remain careful. Markets now wait for big company earnings to understand the next direction.

21 Apr 2026 2:39 am
US small businesses pull back on investment: Only 16% plan CapEx in March, lowest since 2009

US small businesses are becoming careful with money and reducing new investments. Many are facing rising costs, hiring issues, and uncertainty about the future. Even though profits are still stable, companies are choosing to save cash instead of expanding. This situation is creating concerns about slower growth and possible economic slowdown in the small business sector across the country right now.

21 Apr 2026 1:40 am
Biggest IPO ever? SpaceX buzz ignites rally talk in top cryptocurrencies - what to know

SpaceX IPO impact on Bitcoin: Speculation is mounting around a potential SpaceX IPO, with its significant Bitcoin holdings of 8,285 BTC drawing investor attention. This could influence broader corporate adoption of crypto. Additionally, Elon Musk's past support for Dogecoin fuels speculation about renewed interest in the meme coin.

21 Apr 2026 1:35 am
Celeste Rivas cause of death and D4vd lawyers statement: Murder charge, Los Angeles County Courthouse bomb threat and court drama explained

Celeste Rivas cause of death and D4vd lawyers statement explain a major criminal case in Los Angeles. Prosecutors allege the singer killed a 14-year-old with a sharp instrument, hid her body in a Tesla, and faces murder and abuse charges. His lawyers deny responsibility and plan to fight the case. A bomb threat at the courthouse during arraignment added tension as investigations and court proceedings continue in the coming months.

21 Apr 2026 1:34 am
That's Japan for you: Stranger on Osaka train gets surprise note, what kids wrote next melts hearts online

A simple train ride in Osaka turned into a heartwarming memory for a foreign traveler when a group of schoolchildren transformed their English practice into an unexpected surprise. What began as subtle whispers and cautious glances soon led to a shy approach, where a carefully folded handwritten note in English was presented with nervous politeness, requesting feedback and a score.

21 Apr 2026 1:01 am
African proverb of the day: A fish and bird may fall in love but the two cannot build a home together Life lessons on love, compatibility and why some relationships dont last

African proverb of the day: A fish and bird may fall in love but the two cannot build a home together highlights a powerful truth about love and compatibility. While emotional connection can bring two people together, lasting relationships depend on shared values, compatability, and long-term goals. The proverb explains why love alone is not always enough to build a stable future. It reflects real-life relationship challenges where differences create distance over time.

21 Apr 2026 1:00 am
From 2 days to 90! Abu Dhabi unveils worlds largest underground water reserve that stuns experts

Abu Dhabi has unveiled the world's largest underground desalinated water reserve, storing 26 billion liters to supply the emirate for up to 90 days during emergencies. This massive Aquifer Storage and Recovery system marks a strategic shift from constant production to long-term water protection in arid regions.

21 Apr 2026 12:55 am
New pet at home? Heres why pet insurance should be your first move, not an afterthought

Getting a new pet is exciting but also costly and risky. Many owners forget to buy pet insurance early, which can lead to problems later. Vet bills are rising and treatments are expensive. Insurance helps manage these costs and avoids stress during emergencies. Choosing the right plan with good coverage can protect both your pets health and your finances in the long run.

21 Apr 2026 12:55 am
Bulgaria ex-president wins parliamentary majority

The 45 percent of ballots his populist Progressive Bulgaria (PB) coalition scored in Sunday's polls -- according to 98 percent of the vote counted -- puts it on track to take some 130 seats in the 240-seat legislature in the European Union's poorest nation.

21 Apr 2026 12:54 am
Quote of the day by Anne Hathaway: 'We assume that we've come so far as compassionate citizens of the world if we...' - reality check on civil wars, starvation and lessons on global awareness by Princess Diaries and Intern actress

Quote of the day by Anne Hathaway: She urges a deeper connection beyond just reading news, highlighting how easy it is to ignore global crises like civil wars and starvation. Her quote emphasizes that true compassion requires actively acknowledging and caring about the suffering of others, moving past passive awareness to genuine empathy for those beyond our immediate world.

21 Apr 2026 12:51 am
Israel says it thwarted Iranian plan to attack Baku-Ceyhan oil pipeline

In a joint statement, the Mossad and Shin Bet intelligence agencies said a plan by Iran's Islamic Revolutionary Guard Corps to attack the Baku-Tbilisi-Ceyhan pipeline through Georgia to Turkey several weeks ago had been thwarted. The cell had also planned attacks on Jewish and Israeli targets in Azerbaijan including the Israeli embassy and a synagogue in Baku, as well as leaders of the Jewish community in Azerbaijan, the agencies said.JERUSALEM: Israel on Monday said it had uncovered an Iranian

21 Apr 2026 12:46 am
Quote of the day by Miley Cyrus: 'When life puts you in tough situations, don't say 'Why me,' say...' Life lessons on success, self growth and challenges by television show Hannah Montana star

Quote of the day by Miley Cyrus focuses on strength, self growth and facing challenges with confidence. The saying explains how people can change their mindset in difficult times. It connects life lessons, success ideas and personal growth with the journey of television show Hannah Montana star Miley Cyrus and her career story.

21 Apr 2026 12:40 am
Jio Financial Services to scale lending, holds off unsecured credit

Jio Financial Services is expanding its lending book with property and asset-backed corporate loans. The company prioritizes balance sheet strength before venturing into unsecured credit. Its loan book currently focuses on these secured segments. Jio Financial Services aims to be a full-service financial provider, with its payments bank and payment aggregator businesses also showing growth.

21 Apr 2026 12:40 am
Supreme Court seeks data on NCLT delays in resolution plans

The Supreme Court is addressing significant delays in approving resolution plans at the National Company Law Tribunal. It has directed the Insolvency and Bankruptcy Board of India and the NCLT to provide nationwide data on pending applications and reasons for the hold-ups. This action follows a two-year delay in approving a plan for AVJ Developers.

21 Apr 2026 12:24 am
Manipur shutdown disrupts life after minors killed in Bishnupur attack

Normal life in Manipur's valley districts faced disruption on Monday. This followed a five-day shutdown called by civil society groups. They demand strict action for a bomb attack that killed two minors. Naga organizations also announced a three-day shutdown. The Manipur government appealed for the withdrawal of the shutdown. Educational bodies and markets remained closed. Public transport stayed off roads.

21 Apr 2026 12:02 am
600 million barrels gone, gas +47%, jet fuel +100%: is the global energy crisis 2026 from US Iran war about to trigger inflation shock and global recession?

The global energy crisis 2026 is intensifying fast. Over 600 million barrels of oil supply are now lost, triggering a historic oil shock. The crisis is linked to tensions around the Strait of Hormuz, a key global energy route. US gas prices have surged 47% since December. Inflation is now nearing 4% again. Europe is facing a jet fuel spike above 100%, raising flight disruption risks. This global energy crisis 2026 is pushing oil prices higher worldwide. Supply chains are tightening. Energy infla

21 Apr 2026 12:00 am
West Bengal assembly elections 2026: Jobs, migration, welfare schemes dominate poll narrative in Purulia

Purulia's political future is being shaped by a fierce contest between the BJP and Trinamool. The BJP aims to build on its past successes, while Trinamool seeks to regain ground. Key issues include unemployment and agrarian distress. Government welfare schemes are a major focus for voters. This district is crucial for both parties' electoral ambitions.

20 Apr 2026 11:58 pm
Delhi HC rejects Arvind Kejriwal recusal plea, cites no bias

Justice Swarana Kanta Sharma refused to step down from hearing Arvind Kejriwal's excise police case. She stated Kejriwal's claims were based on speculation and lacked proof. The judge emphasized that recusal could erode public trust in the judiciary. She also addressed concerns about her family's government roles, stating no conflict was demonstrated.

20 Apr 2026 11:58 pm
Nervous before your first date? 10 Affirmations to feel confident, calm and truly yourself

In the moments before a first date, it is easy to get caught up in doubts. Affirmations offer a simple yet effective way to centre oneself, build confidence and approach the experience with clarity. By choosing to focus on self-worth and positivity, individuals can transform nervous energy into excitement, making space for genuine connection.

20 Apr 2026 11:57 pm
ECI identifies over 8,000 'super sensitive' poll booths across West Bengal

As West Bengal gears up for elections, authorities have identified more than 8,000 polling booths deemed sensitive. In a proactive approach to maintain order, police have arrested 135 individuals. To bolster security, an innovative AI system is overseeing the voting process, designed to thwart booth disruptions.

20 Apr 2026 11:57 pm
India in touch with Iranian authorities for safe exit of its ships through Strait of Hormuz: MEA

India is actively engaging with Iran to ensure the safety of its ships. Two Indian vessels recently reported a firing incident in the Strait of Hormuz. The government has conveyed its deep concerns to the Iranian ambassador. India prioritizes the security of its seafarers and commercial shipping.

20 Apr 2026 11:53 pm
US copies Iran's famous Shahed drone? $35,000 suicide drone spotted in war for first time

The US has started using a new low-cost drone called LUCAS in war. It looks similar to Irans Shahed drone but has better control and flexibility. The drone can change targets mid-air and work in groups. Experts say it is cheap and useful for small attacks, helping the US military create pressure on enemy positions without using expensive missiles.

20 Apr 2026 11:53 pm
Quote of the day by Emma Stone: Just because I dont have a college degree doesnt mean I am not smart Lessons on intelligence, confidence, self-worth and success by La La Land actress

Quote of the day by Emma Stone: Just because I dont have a college degree doesnt mean I am not smart, Emma Stones inspiring quote highlights a powerful message about intelligence beyond formal education. Her words encourage people to value their own abilities, trust their unique paths, and understand that intelligence exists in many forms beyond traditional education systems.

20 Apr 2026 11:52 pm
Market rotation alert: Why are investors dumping S&P 500 Equal-Weight ETF (RSP) while Mag 7 surge drives S&P 500 Index (SPX) to new highs?

S&P 500 Equal Weight ETF outflow April 2026: Investors are changing their strategy. Money is moving out of the Invesco S&P 500 Equal Weight ETF. This fund is seeing its biggest outflows ever. Investors are now favouring large companies, especially the Mag 7 group. The S&P 500 index is performing strongly, crossing the 7,000 mark.

20 Apr 2026 11:49 pm
Psychology of people who cant say no: Hidden reason behind always saying yes even if you don't want to

The psychology behind always saying yes reflects a complex mix of emotional needs, past experiences, and social conditioning. Often linked to people-pleasing tendencies or a fawning response, this behaviour typically stems from a desire for safety and acceptance.

20 Apr 2026 11:45 pm
Trump vows new Iran nuclear deal will 'guarantee peace', dismisses JCPOA as 'road to nuclear weapon'

On Truth Social, Donald Trump has not held back in sharing his critical views on Iran's nuclear deal landscape. He proclaimed that a fresh nuclear agreement would be far superior to the 2015 JCPOA, a pact he regards as a monumental failure.

20 Apr 2026 11:39 pm
Supreme Court to seek Calcutta HC Chief Justice's report on tribunal functioning

The Supreme Court is seeking a report from the Chief Justice of the Calcutta High Court. This is regarding the functioning of appellate tribunals for West Bengal electoral rolls. The court ordered that voters cleared by these tribunals before elections can vote. Elections are scheduled for April 23 and April 29.

20 Apr 2026 11:38 pm
Trump says truce unlikely to be extended as he aims to seal Iran deal

President Trump indicated he's unlikely to extend the Iran ceasefire, urging negotiators to finalize a deal by Wednesday evening Washington time. He reiterated the Strait of Hormuz blockade will remain until an agreement is signed, despite rising oil prices and market volatility.

20 Apr 2026 11:17 pm
Work less, travel more: How the 4-day rule unlocks 36 days off this summer

Maximize your summer vacation with a clever four-day booking rule, strategically aligning your leave with national holidays. By taking just four days off around Memorial Day, Juneteenth, Independence Day, and Labor Day, you can secure a total of 36 days off work. This method effectively extends your time away, allowing for significant relaxation or personal projects.

20 Apr 2026 10:56 pm
African proverb of the day: 'No shortcuts exist to the top of...' Life lessons on patience, hard work, success and why true dedication is required to achieve goals

African proverb of the day highlights the lesson behind the saying No shortcuts exist to the top of a palm tree. The proverb explains patience, hard work, persistence, success, dedication, resilience, growth, and avoiding quick fixes. It teaches that the process matters and lasting success needs effort and discipline. The proverb also connects to education, roots, and knowledge through other inspiring African proverbs people should know today.

20 Apr 2026 10:53 pm
Wednesday Season 3 goes global: Jenna Ortega spotted filming in Paris with Tim Burton Expected release date and plot

The Paris shoot reflects Netflixs strategy to expand the scope of Wednesday, transforming it from a campus-based mystery into a globally driven narrative. For viewers, this means more elaborate storytelling, diverse settings, and higher production values.

20 Apr 2026 10:48 pm
Did you know the last person to leave the Titanic was a baker, Charles Joughin? Here's his story

Did you know the last person to leave the Titanic? The RMS Titanic went down in the early hours of April 15, 1912, after striking an iceberg in the North Atlantic, causing the deaths of over 1500 people. Only a small number of people managed to survive the catastrophe. Among them was Charles Joughin, who served as the ships head baker and became noted for his remarkable endurance during the sinking.

20 Apr 2026 10:47 pm
Chinese proverb of the day: When standing under someone elses eaves, you must.... How this powerful ancient Chinese saying explains modern Chinas rise where success comes from.....

Chinese proverb of the day explains modern Chinas rise with striking clarity. Chinas GDP jumped from $191 billion in 1980 to over $17 trillion today. That growth followed strategy, not speed. The Chinese proverb of the day shows why adaptation matters in global systems. China entered global trade and followed rules early. It joined the World Trade Organization in 2001 and expanded exports fast. The Chinese proverb of the day proves humility can drive long-term power. Today, China leads global ma

20 Apr 2026 10:40 pm
India seeks preferential market access in US for domestic goods: Piyush Goyal

Trade conversations are heating up in Washington as India and the US engage in crucial discussions aimed at enhancing economic ties. At the forefront are negotiations on preferential market access that could allow for a more favorable entry of Indian products into the American market.

20 Apr 2026 10:32 pm
Iran pulling Hormuz 'lever' to maximum in US standoff

Iran has blocked the Strait of Hormuz, a vital global energy route. This move is Iran's main bargaining chip in potential peace talks with the United States. The blockade has caused worldwide economic problems, including rising energy prices and potential food shortages. The US has responded with its own blockade on Iranian oil shipments.

20 Apr 2026 9:49 pm
DGGI officers arrest Kapil Chugh over Rs 1,825 cr GST refund fraud

DGGI officers have arrested Kapil Chugh, the alleged mastermind behind an Rs 1,825 crore GST refund fraud. Chugh, who evaded multiple summons and fled to Dubai, operated a network of dummy firms to fraudulently claim Input Tax Credit. He also siphoned Rs 11 crore from Yes Bank and faces charges in other economic criminal cases.

20 Apr 2026 9:47 pm
Texas Ironman death: Who was Mara Flavia, who died during the swim leg of the race?

Brazilian triathlete and influencer Mara Flvia drowned during the swim portion of the Ironman Texas triathlon on April 18. The 38-year-old, who documented her athletic journey online, was the subject of rescue attempts by fellow competitors and lifeguards before her body was recovered by a dive team. Police are investigating the incident.

20 Apr 2026 9:47 pm
She couldnt answer: Elon Musk fulfills teens final wish in heartbreaking X post, but she didnt live to see it

Elon Musk fulfilled the final wish of 15-year-old Liv Perrotto, who had dreamed of meeting him before her death. Battling cancer, she left behind a handwritten list of questions, later shared online by Glenn Beck. Although she passed away before their interaction, Musk responded publicly, answering each question after saying he will answer shortly. The exchange went viral, receiving millions of views and emotional reactions.

20 Apr 2026 9:44 pm
4/20 feast is here! Where to grab $4.20 deals, BOGO meals and tasty steals today

4/20 food deals: April 20 has become a significant day for food deals across the US, with major chains like Blaze Pizza, Wingstop, and KFC offering special discounts and combo meals. From pizza bundles and hot boxes to pot pie combos and ice cream deals, consumers can find a variety of affordable options to celebrate the day.

20 Apr 2026 9:43 pm
May 2026 Social Security payments just locked in: 71 million Americans set for checks up to $5,181 heres May 1 SSI surprise revealed

More than 71 million Americans now track Social Security payments May 2026 closely. The Social Security Administration has locked the full payment schedule. SSI payments start on May 1, 2026. Retirement and SSDI checks follow on May 13, May 20, and May 27. Payment dates depend on birth dates. Maximum monthly benefits now reach up to $5,181. Average payouts cross $2,000 after recent COLA increases. This update matters for budgeting and financial planning. The Social Security payments May 2026 sch

20 Apr 2026 9:35 pm
Vice President JD Vance has not yet left for Iran talks in Pakistan, source says

Vice President JD Vance remains in the United States. He has not yet traveled to Pakistan for peace talks with Iran. President Donald Trump plans to send a US delegation for further discussions. Iran is considering its participation. The delegation is expected to depart for Islamabad soon. This follows initial talks that began with US-Israeli attacks on Iran.

20 Apr 2026 9:30 pm
Arabic proverb of the day: 'Do good and throw it in the sea; if the fish don't know, the Creator will'-The timeless Arabic Proverb that redefines kindness

Arabic proverb of the day: An ancient Arabic proverb teaches the value of doing good deeds without seeking praise. It suggests that kindness should be offered freely, like throwing it into the sea. Even if no one notices, the Creator is aware. This timeless wisdom encourages selfless actions in personal life, workplaces, and society.

20 Apr 2026 9:00 pm
ChatGPT down: When will AI chatbot be back up? ChatGPT outage issues, affected regions, services, Downdetector reports, not working error message, company statement and server status

ChatGPT down: When will AI chatbot be back up? This report details a global outage affecting OpenAI services on April 20, 2026. Thousands of users cannot access ChatGPT or Codex. OpenAI confirms the disruption and is investigating the cause. Reports peaked in the United Kingdom and United States. This article covers the outage timeline, regional impacts, and official statements regarding the restoration of the popular artificial intelligence platform.

20 Apr 2026 8:57 pm