The Economic Times

Iran's top official warned global fuel prices will remain unstable unless pressure on its oil exports ceases. He stated a free oil market is essential for everyone's security. Oil prices surged as tensions between Iran and the US disrupted tanker traffic in the Strait of Hormuz.

Iranian and American negotiators are set to meet in Islamabad on Monday. This development signals renewed diplomatic efforts to ease tensions in West Asia. Leaders from Qatar and Turkey have also met Pakistan's Prime Minister, discussing de-escalation. Pakistan's Army Chief recently visited Tehran, aiming to prepare for further talks.

An ex-student opened fire at his former high school Tuesday in Turkey, where school shootings are rare, wounding 16 people including students before killing himself, officials said. Local media reported that most of the wounded were students.

The Election Commission of India has announced the Silent Period for the Assam Legislative Assembly elections, commencing April 7, 2026, at 5:00 PM, prohibiting all campaigning for 48 hours before polling. This includes public meetings, rallies, and electronic media dissemination. Assam will vote on April 9, with counting on May 4.

The war against Iran is impacting Americans through rising fuel costs, leading to surcharges from Amazon and airlines. Petrol prices have surged, with diesel seeing a significant increase, affecting industries like farming and transportation. Experts warn of further supply chain disruptions and increased consumer costs as the conflict continues.

The USS Abraham Lincoln continues military operations in regional waters. This follows Iran's Navy claiming missile fire and issuing warnings. US CENTCOM confirmed the carrier's ongoing activities. Iranian officials dismissed US influence and stated a policy of resistance. President Trump commented on Iran's desire for a deal.

Indian Railways has removed over three crore fake accounts from the IRCTC portal to stop ticket touts. Most train seats, 78 percent, are in non-AC categories, ensuring affordable travel. Over 75,000 special trains have run this financial year. Railway safety has also improved significantly, with accidents down 90 percent.

American Petroleum Institute CEO Mike Sommers stresses reopening the Strait of Hormuz is vital for global oil and gas prices. He noted supply disruptions are impacting markets significantly. Sommers highlighted that restoring tanker movement through this key route is the White House's most effective tool. He warned of continued price rises if the strait remains closed.

Cuba has denied a request from the US Embassy in Havana to import diesel for its generators. This comes as the US administration continues its fuel blockade on the island. The Cuban government's rejection could lead to a reduction in US embassy staff. Cuba faces oil shortages after Venezuela halted shipments.

Gujarat has imposed a 50% cut on industrial gas usage and a 40% cut for fertilizer and milk processing due to West Asia conflict concerns. The state government assured uninterrupted domestic LPG distribution, prioritizing household consumption over commercial uses. This measure aims to prevent shortages for domestic kitchens amidst global supply chain disruptions.

Reacting to the reshuffle, the Madhya Pradesh Congress alleged that corrupt elements were protected in the excise department, and it also referred to alleged irregularities in Indore and deaths due to toxic liquor in Jabalpur.