India will need to see how long fuel retailers can bear losses, oil minister says https://t.co/5VToH9iY0O - India will at some stage need to assess how long state-run fuel retailers can sustain losses from selling transport fuels below market prices, oil minister Hardeep Singh Puri said at an industry event on Tuesday - By @neha_5, @Nikunj_Ohri, @_mohi_
Hate crime doesn't necessarily manifest itself in beating up someone or calling them racial names. It is the small things. One tends to ignore such things until they can't be ignored anymore.
TLDR: This is the 5th time someone has deflated my car tyres in Rohtak.
THE MOST IMPORTANT WORDS FOR THE OIL MARKETS.
Iranian FM Araghchi:
“For a period of two weeks, safe passage via the Strait of Hormuz will be possible via coordination with Iran’s Armed Forces and with due consideration of technical limitations”.
— Ships will need to coordinate with IRGC. This is NOT resumption of free, unfettered passage
— They may have to pay a transit fee (I expect details to emerge in the coming hours and days)
— Note the “technical limitations” Araghchi is referring to. Are these limitations on how quickly the IRGC can process safe passage? In that case, bear in mind that the exit of the thousands of vessels stuck inside the Persian Gulf through the course of the war will likely be given priority.
— Two weeks is too small a window to expect normalisation of flows. Unless this truce leads smoothly to a deal (highly unlikely, given the chasm between the US and Iranian demands) or is further extended (more likely), the 2-week period will be almost meaningless in providing market relief.
— Israel needs to be on board with the ceasefire. Or even the 2-week reopening will be in jeopardy
IN SHORT, THIS IS A HIGHLY CONDITIONAL, LIMITED PERIOD ARDUOUS TREK TOWARDS NORMALCY.
The situation in the Strait of Hormuz is creating new uncertainty for global container flows.
As tensions escalate in the Middle East, some container vessels are waiting, diverting, or delaying transit through one of the world’s most critical shipping chokepoints. For shippers, forwarders, and supply chain teams, the key question is no longer if disruption will impact routes, but which vessels and services are affected right now.
We analysed vessel movements to identify which containerships are currently trapped, waiting, or diverting in the Strait of Hormuz.
Understanding these movements is critical to anticipate downstream delays, port congestion, and supply chain ripple effects.
👉 Explore the impacted vessel list and analysis in our latest blog: https://t.co/i7MuAGJqdj
Just to clarify something based on recent exchanges I’ve had with shipping agents: insurance companies are still providing cover to vessels crossing the Strait of Hormuz, at a cost that can still be absorbed by the market under these circumstances. The real deterrent for vessel owners right now is the huge fear of an attack. Only a complete and sustained ceasefire will bring traffic back to normal. #OOTT #Iran
For anyone who thought the Indigo airlines mess was over: Wife's Goa flight scheduled for 11:10 AM. Pushed to 12:30, then 2, 3, finally 4:40 PM. Ground staff has smartened: Sir woh FDTL norms ki wajah se crew nahi hai.
India supplies 40% of the world’s rice. Its aquifers are running dry.
Reuters finds subsidies and booming exports are draining groundwater in Punjab and Haryana, forcing farmers to drill ever deeper.
India's domination of global rice trade stokes looming water crisis
https://t.co/9SNkcgnd98
🚨 Pollution level so high that the fire siren started blaring inside the tunnel at Dwarka Xway, Yashobhoomi!
When air bcmes this toxic, it’s not just a warning-it’s an emergency.
We need action, not just awareness. 🌫️😷
#AirEmergency#PollutionCrisis#DwarkaExpressway#pollution
Petrochemical producers in Europe and Asia are in survival mode as years of capacity build-up in top market China and high energy costs in Europe have depressed margins for two consecutive years, forcing firms to consolidate https://t.co/lbfct9ZqQg
New: Oil refiners are making less money selling #gasoline as demand during the peak summer driving season has fallen short of what they expected when many of them boosted production.
Analysis on global refining margins for @Reuters with @aghaddar@_mohi_ https://t.co/6S6E9JU8Cv
#India's Haldia Petrochemicals Ltd is looking to source feedstock naphtha from domestic refiners to shield itself from volatile shipping costs triggered by ship attacks in the #RedSea, the company's chief executive officer said on Wednesday. #oott https://t.co/qJR0c3Thts
Energy producers and traders are weighing the higher prices of longer voyages due to attacks by Yemen-based Houthi forces on Red Sea shipping, while buyers are demanding discounts to compensate for higher freight and war risk premiums https://t.co/knfO1Sz2Qw
It will take weeks, or at worst months, for large-scale operations to resume at a damaged Russian Baltic sea terminal following a suspected Ukrainian drone attack https://t.co/SOEqFj7bt9