Trump has waived 100% tariffs on India and China under the Graham Act, named for the late Senator Lindsey Graham, two days before the October 18 deadline. The order, citing national interest, follows a separate US-Russia diesel agreement.
Read Full ArticleG7 nations have agreed to release 100 million barrels of oil and diesel over four months via the IEA, with a frontloaded diesel release within 20 days, after US diesel prices hit a record $6.52 per gallon on September 22.
The Union Cabinet approved the Rs 84,084 crore Samudra Manthan National Offshore Exploration Scheme on July 31, committing to 60 deepwater wells, AI-driven seismic surveys, and offshore infrastructure hubs, targeting 600 MMTOE in new reserves and reducing India's $144 billion annual oil import bill by 2030-31.
Saudi Aramco has cut Arab Light crude prices for Asian buyers by $11 per barrel for August deliveries, the largest single-month price reduction in at least 26 years, as the Strait of Hormuz reopens, Brent retreats to $72, and a global supply surge shifts market power sharply toward buyers.
India began reducing Russian oil imports months before the U.S. imposed a 25% tariff, with data showing a broader diversification strategy already underway.
The Senior Citizen Rights Handbook is a comprehensive guide designed to empower elderly citizens with clear and accessible knowledge of their legal and social rights in India.
