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Strait of Hormuz Reopens: 34 India-Bound Ships Prepare for Safe Passage Following US-Iran Peace Deal

By Uniquetimesorg June 16, 2026 0

Maritime traffic has resumed in the Strait of Hormuz following a recent truce and plans for a comprehensive peace treaty between the US and Iran, scheduled for signing on June 19. US President Donald Trump announced that commercial vessels and oil tankers have begun moving safely along a designated Southern “Highway.” This breakthrough was marked […]Continue Reading

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India Faces Rising Economic Strain from Iran War

By Uniquetimesorg June 9, 2026 0

India’s economy is coming under increasing pressure as the ongoing Iran conflict disrupts global energy supplies and drives up oil prices. As the world’s third-largest oil importer, India relies on imports for nearly 90% of its crude oil needs, making it highly vulnerable to prolonged disruptions around the Strait of Hormuz. Economists warn that higher […]Continue Reading

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India Cuts Fuel Duties Amid Oil Price Surge

By Uniquetimesorg March 27, 2026 0

India has sharply reduced excise duties on petrol and diesel to shield consumers from rising global oil prices, while introducing windfall taxes on diesel and aviation fuel exports. The special excise duty on petrol fell from 13 rupees per litre to 3 rupees, and diesel duty was cut to zero from 10 rupees per litre. […]Continue Reading

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India Can Manage $80 Oil, But Prolonged Hormuz Disruption May Strain Economy: UBS

By Uniquetimesorg March 10, 2026 0

India can withstand crude oil prices around $80 per barrel, but a prolonged disruption in the Strait of Hormuz could create broader economic challenges, according to a report by UBS. The brokerage raised its near-term forecast for Brent crude to about $80 per barrel for March and expects the 2026 average price to reach $72, […]Continue Reading