WORLD
US-approved Iranian barrels find a cautious reception in India
The US issued its third waiver for restricted oil on Friday, allowing purchases of Iranian oil already on the water in the Trump administration’s latest effort to cool rising prices with additional supply.
BUSINESS
Gold extends decline for 10th day as Iran war concerns persist
Though bullion declined nearly 17% from the start of the war in late February to Monday’s close, it had previously been on a prolonged rally underpinned by factors including geopolitical and trade tensions and elevated purchases by central banks.
MARKETS
Asian stocks rise as Trump delays Iran strikes
Shares gained in Japan, South Korea and Australia at the open, sending the broader MSCI Asia Pacific Index higher by 1.5%. That came after US stocks rose as Trump postponed the strikes citing “productive conversations” with Iran, sending Brent crude 11% lower on Monday.
BUSINESS
Gold erases 2026 gains as Iran war sends metals plunging
Gold Prices: The metal ended last year at $4,319.37 an ounce and spiked at an all-time high above $5,595 an ounce in late January
BUSINESS
Credit Suisse’s AT1 bond crash fueled leadership crisis at HDFC
The rift came down to differing views over accountability, particularly over client losses tied to risky bonds sold by Credit Suisse and recent restrictions imposed on HDFC Bank in Dubai.
WORLD
Pakistan's disheartening message for cricket fans as Iran war batters economy
The Pakistan Super League, the nation’s biggest sporting event that takes place from March 26 to May 3, has shifted to a watch-from-home model, the organizer said in a statement following consultation with the government.
BUSINESS
Gold price crashes more than 3% as Iran war deepens inflation concerns
Bullion plunged as much as 3.8% to near $4,320.30 an ounce — less than a dollar above where it ended last year.
BUSINESS
Bitcoin drops below $69,000 as war fears weigh on crypto markets
Bitcoin has sold off since the start of the war, losing roughly 20% since the US and Israel started their attacks on Iran at the end of February.
BUSINESS
Global LNG exports fall to six-month low on Iran conflict
The 10-day moving average for LNG shipments has fallen about 20% from the start of the month to 1.1 million tons, the lowest since September, according to Bloomberg analysis of ship-tracking data on Kpler.
WORLD
Treasury Secretary Scott Bessent says US to press ahead in Iran war with Hormuz in sights
Treasury Secretary Scott Bessent’s comments, combined with Trump’s demand Saturday that Iran “fully open, without threat” the strait, were a signal of resolve as spiking oil and gasoline prices
BUSINESS
Shockwave of war is rippling through the global economy
The subsequent spike in energy prices, sparked by disruptions to regional shipping and production, and the consequent threat to global consumer prices, has prompted a spectrum of central-bank responses in the past few days.
WORLD
Trump’s Iran war drive exposes limits of ‘Yes Sir’ cabinet
Those privately pressing Trump to strike Iran included Israeli Prime Minister Benjamin Netanyahu, media mogul Rupert Murdoch and some conservative commentators
WORLD
US touts progress against Iran as Trump floats ‘winding down’
BUSINESS
OpenAI plans to almost double its headcount this year: Report
The maker of AI assistant ChatGPT will look to increase headcount to about 8,000 from about 4,500, the FT said
WORLD
Charting the global economy: Interest rate hikes may be coming
Central bankers around the world are in a tough spot
BUSINESS
The oil prices you see don’t tell the market’s real story
Refiners in Asia, the top consuming region, are buying cargoes from thousands of miles away at eye-watering premiums to Brent as they try and secure whatever supplies are available
WORLD
Russia says drone attacks repelled near Bashneft oil refineries
The energy giant Rosneft PJSC’s Bashneft unit has three oil processing facilities in the city with a combined processing capacity of 23.5 million tons a year.
WORLD
Iranian navy guided Indian tanker through Strait of Hormuz, crew member says
The Iranians took details of the ship’s flag, name, origin and destination ports, and the nationality of the crew members — all of whom were Indian — and guided them on an agreed course.
WORLD
Zombie ship posing as LNG carrier appears to transit Hormuz
The vessel identifying as liquefied natural gas carrier Jamal left the strait on Friday morning, ship-tracking data show. However, the same tanker was also recorded as having beached at an Indian demolition yard in October last year, where it is being broken up.
MARKETS
US stocks drop to six-month low on angst over prolonged war
The S&P 500 Index finished 1.5% lower in New York while the tech-heavy Nasdaq 100 declined 1.9%, dragged down by Nvidia Corp. and Micron Technology Inc.
BUSINESS
Blackstone Private Credit Fund has first monthly loss since 2022
BCRED is among a number of private credit vehicles that have faced elevated redemptions in recent quarters, amid concerns about valuations and underwriting standards in credit markets, as well as the potential for artificial intelligence to disrupt software businesses.
WORLD
Harvard sued by DOJ over alleged antisemitism on campus
In a statement, Harvard spokesperson Sarah Kennedy-O’Reilly called the lawsuit “yet another pretextual and retaliatory action by the administration for refusing to turn over control of Harvard to the federal government.”
WORLD
US faces twin pressures as recession odds climb and fuel costs rise
According to data from Polymarket, the probability of the US entering a recession in 2026 has climbed to 36%
COMPANIES
Ozempic copies at Rs 1,290 in India as generic GLP-1 era starts
Natco Pharma plans to make an injection for semaglutide — the active ingredient in both Ozempic and Wegovy — that will have a starting price of Rs 1,290 a month, on the first day the generics are allowed
