As oil prices surge amid the Strait of Hormuz crisis, India’s decade-long push for renewable energy, EVs, hydrogen and domestic manufacturing under PM Modi is emerging as a strategic shield against global energy shocks.
Trump announced a refinery project involving Reliance Industries in Texas. However, project documents indicate the investment is far smaller, with Reliance acting as a long term buyer while the $300 billion figure reflects projected economic impact.
Hoteliers across the country flagged an acute shortage of commercial LPG cylinders and expressed fears that if the present situation continued, they may face shutdowns.
An official statement released on Sunday (8th March) read, "By a decisive vote, the Assembly of Experts appointed Ayatollah Seyyed Mojtaba Hosseini Khamenei as the third Leader of the sacred system of the Islamic Republic of Iran."
There is no sign of the conflict coming to an end anytime soon as US President Trump and Israeli PM Benjamin Netanyahu resolved to carry on the offensive against Iran.
Flight operations at Dubai International Airport resumed Saturday afternoon following a temporary suspension triggered by the interception of an Iranian drone.