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Also Read:Iran's crude oil output up 20% in 2 years at 3.3% of global supply: What does this mean for the Iran-Israel proxy war? Brent futures were up 10 cents, or 0.11 per cent, to $87.39 a barrel, while US crude futures were 26 cents higher, or 0.31 per cent, at $82.95 a barrel. Both benchmarks had dropped over $1 at their intra-day lows, touching their weakest in around three weeks. Coming to domestic prices, crude oil futures were up 0.5 per cent higher at ₹6,969 per barrel on the multi commodity exchange (MCX).

Ice cream maker Ben & Jerry’s is perhaps the world’s most aggressively “woke” brand. By running campaigns on international geopolitics, immigration policy and culture war issues, Ben & Jerry’s has made a name for itself as a taboo-smasher willing to serve dessert with a side of aggressive virtue-signalling.

Speaker Mike Johnson is forging ahead to pass a bill to support Ukraine, Israel and Taiwan, despite threats from his right rump to topple him. He’s correct on the policy merits, and he deserves support from Members of both parties given what a potential Ukrainian defeat would mean for U.S. national security.

Iran-Israel war: In the wake of rising geo-political tension in the Middle Eastern countries after the outbreak of the Israel-Iran war, the business of some Indian companies may be affected if the war gets prolonged. Adani Ports and Special Economic Zone Ld is one of those Indian companies. According to stock market experts, the flagship Adani group company has a high stake involved at Haifa Port in north Israel.

₹1 change in gross marketing margin substantially impacts the Ebitda (earnings before interest, taxes, depreciation, and amortization) margins of oil PSUs by over 20%. Increased LNG prices or supply shortages would adversely affect gas companies like GAIL, Petronet LNG, and city gas distributors such as Gujarat Gas, IGL, and Mahanagar Gas. Additionally, the windfall tax limits profit margins for producers like ONGC and OIL, capping net realizations at around $75 per barrel.

Amid ongoing military conflict between Iran and Israel, financial markets globally have caught in a turmoil. Over the weekend, Iran launched a massive attack on Israel using hundreds of drones and missiles in what it called a response to a strike on its consulate in Syria. The geopolitical tensions in the Middle East have created jitters among investors who are now looking to stay away from riskier assets and taking refuge in gold due to its safe-haven appeal.

Joe Biden said on Wednesday that the US continues to urge Israel to ramp up “land, air, and sea deliveries for Gaza civilians". In a post on X, Biden said that in the “12 days following my call with Prime Minister Netanyahu, 3,000 trucks with food and supplies moved into Gaza – a daily increase of over 50% from the week prior." Biden added, “It's still not enough," saying, “We continue to urge Israel to ramp up land, air, and sea deliveries for Gaza civilians." Also Read: Iran-Israel war LIVE: 'West repelled strike on Israel, why not for Ukraine?' asks Estonia PM As reported by Reuters, the Palestinian enclave's health ministry said that Israel's military offensive in the Gaza Strip has "killed at least 33,899 Palestinians and wounded 76,664 since Oct.

Lebanon's Hezbollah group said it attacked an Israeli army base near the border on Wednesday, with the latest in a series of tit-for-tat strikes wounding 14 soldiers, according to Israel's military. Israel and Hezbollah, an Iran-backed Hamas ally, have been exchanging near-daily cross-border fire since the Palestinian militant group attacked southern Israel on October 7, triggering war in the Gaza Strip. But Wednesday's incident marked the third day in a row that Hezbollah strikes wounded people in Israel, with regional tensions high after Iran launched a direct attack on Israel over the weekend in retaliation for a deadly strike on Tehran's Damascus consulate.

Israel and Iran amid the ongoing Israel-Hamas war in Gaza. As per the statement, "the continuing escalation of tensions between Israel and Iran and the wars in Gaza and in Ukraine will dominate the agenda of the ministers." The G7 ministers will discuss the Middle East situation on Thursday morning, news agency AFP reported. Iran's latest attack on Israel mounted tensions in the Middle East region, with the Iran-backed Hezbollah group exchanging fire across the border with Israel almost daily since the incursion.

The rupee has fallen to a new low of 83.5 against the dollar. This has wide ramifications, making exports lucrative but imports expensive. Mint looks at why the currency is falling, how it impacts everybody and what can RBI do.

parliament on Wednesday approved a motion to ban the Nazis' swastika emblem as part of a crackdown on extremist symbols in the neutral country. The lower house of parliament voted to prohibit one of the most infamous symbols of Adolf Hitler's National Socialist regime following concerns about rising antisemitism.

₹6,973 per barrel on the multi commodity exchange (MCX). Oil prices have softened this week as economic headwinds curb gains from geopolitical tensions, with markets eyeing how Israel might respond to Iran's weekend attack. Analysts do not expect Iran's unprecedented missile and drone strike on Israel to prompt dramatic U.S.

Our markets are volatile with recent events of Iran-Israel tensions and the potential for a war-like scenario taking a toll. While we do not purport to be experts on geo-political event outcomes, recent history suggests that these events take some time to de-escalate as global leaders work towards limiting both direct and collateral political implications to countries involved in such attacks. History shows that such conflicts have nearly always created near-term volatility which in hindsight, also show up as long-term opportunities.

Gaza's largest fertility clinic in December, the explosion blasted the lids off five liquid nitrogen tanks stored in a corner of the embryology unit. As the ultra-cold liquid evaporated, the temperature inside the tanks rose, destroying more than 4,000 embryos plus 1,000 more specimens of sperm and unfertilized eggs stored at Gaza City's Al Basma IVF centre.

Also Read: Iran's crude oil output up 20% in 2 years at 3.3% of global supply: What does this mean for the Iran-Israel proxy war? The region comprises five of the top ten oil-producing countries. Saudi Arabia holds the top position as the largest producer in the region and ranks as the world's second-largest oil producer, contributing over 12% of the global crude output. Iran is another major producer in the region with a global share of 3.3% and home to vast oil resources.

Arvind Kejriwal, in jail in connection with the liquor policy case, on Tuesday alleging AAP minister Atishi was using the death of a woman in a fight over fetching water for «narrow political goals». Atishi dismissed the charge in a letter addressed to the Lt Governor and termed his missive «unfortunate» and «may be intended for optics». Saxena's letter was in response to a letter by Atishi wherein she sought suspension of the CEO of Delhi Jal Board over the murder case. «It has become habitual on the part of your ministers to blame officers for their own fault,» he wrote, stressing he had to write the open letter as «direct communication with you in present circumstances is not possible». He also accused the AAP government of deceiving the people by «creating a chimera of free water». «Instead of fixing the iniquitous water supply, you and your ministers created a chimera of free water. Deception of people has been mastered into an art form by you and your minister,» he said.

Iran's attack on Israel, an immense barrage that included hundreds of ballistic missiles and exploding drones, changed the unspoken rules in the archrivals' long-running shadow war. In that conflict, major airstrikes from one country's territory directly against the other had been avoided. Given that change in precedent, the calculus by which Israel decides its next move has also changed, said the Israeli officials who requested anonymity to discuss Iran.

Australia will boost defence spending by A$50.3 billion ($32 billion) over the next decade and reshuffle its weapons programs to emphasise missiles, drones and warships as it looks to the possibility of a Pacific conflict between China and the U.S. The bulk of the new spending, part of a A$330 billion decade-long budget, will only kick in after five years, and ultimately take defence spending to 2.4% of GDP by 2034 from just over 2% today. Announced by Defence Minister Richard Marles on Wednesday, the new funding reflects new priorities, such as long-range missiles, that Australia believes are necessary in a world where a potential conflict between China and the United States could upend the region.

Asian shares were mixed on Wednesday as the world's most powerful central banker had a change of heart on U.S. rate cuts this year, pushing Treasury yields to new five-month highs and the dollar towering against other currencies. The beleaguered yen is plumbing fresh 34-year lows on an almost daily basis. It was last steady at 154.62 per dollar as the risk of government intervention loomed, although so far there has been no action from Tokyo apart from verbal warnings.

Army Training Command (ARTRAC), Lt Gen Manjinder Singh, has said that the war between Russia-Ukraine and Israel-Hamas has been a learning experience for India, as it may face similar warfare practices from terror-hit regions on Pakistan's borders. He said this at the Army Training Command (ARTRAC) investiture ceremony held at the Army Training Command in Shimla on Tuesday. Lt Gen Singh, awarded ARTRAC Unit awards to the Army officials for their noteworthy performance in the year 2022-23.

Catch all the latest updates on the big story at Mint's LIVE blog:Turkish President Recep Tayyip Erdogan has accused Western nations of double standards for speaking out against Iran. “Those who remained silent toward Israel’s aggressive attitude immediately raced to condemn Iran’s response," he said.Spanish Prime Minister Pedro Sanchez said Tuesday that an independent Palestinian state should be recognized as soon as possible.