Daily Republic News
- Business
- March 17, 2026
Middle East Oil Becomes Most Expensive In World As War Cuts Supply
New Delhi: Middle East crude benchmarks soared to all-time highs, becoming the most expensive oil in the world, even as trade slumps due to the U.S. and Israeli war on Iran, with some traders arguing that the benchmarks have lost relevance due to supply disruption. The surge in t Read More
- Business
- March 16, 2026
Tata Motors To Hike Commercial Vehicle Prices Upto 1.5% – Key Details
Tata Motors on Monday announced a price increase of up to 1.5 per cent across its commercial vehicle range, effective from April 1, 2026.The automaker said the decision was taken “to offset the rising costs of raw materials and other inputs.”Further, the auto major clarified that Read More
- Business
- March 16, 2026
India Seeks Hormuz Safe Passage, Tehran Asks For Return Of Seized Tankers
Iran has asked India to release three tankers seized in February as part of talks seeking the safe passage of Indian-flagged or India-bound vessels out of the Gulf via the Strait of Hormuz, three sources with knowledge of the matter told Reuters.Indian authorities seized the thre Read More
- Business
- March 16, 2026
US ‘Fine’ With Some Ships Getting Through Strait of Hormuz: US Treasury Sec Scott Bessent
The United States is “fine” with some Iranian, Indian and Chinese ships going through the Strait of Hormuz for now, Treasury Secretary Scott Bessent said on Monday, adding that any action to mitigate higher prices would depend on how long the Iran war lasts.”We are seeing more an Read More
- Business
- March 16, 2026
West Asia Conflict Pushes War-Risk Premiums Higher, Raising Global Oil Shipping Costs
Geopolitical tensions in West Asia are driving a sharp rise in maritime war-risk insurance premiums. This has significantly increased the cost of shipping oil and goods through some of the world’s most critical trade routes.The escalation around strategic corridors such as the St Read More
- Business
- March 16, 2026
Why Gold Prices Slipped Today Amid Middle East Crisis?
After benchmark indices declined last week into correction phase, and investors pivoted towards gold, the yellow metal prices slipped on Monday, March 16 over volatility in oil prices setting expectations of a hawkish policy stance by central banks, including the US Federal Reser Read More
- Business
- March 16, 2026
India Inspects Legal Impact Of US Investigation Under Section 301 Of Trade Act Of 1974
Amid the ongoing United States investigations linked to structural excess capacity among trading partners, including India, Trade Secretary Rajesh Agrawal on Monday, March 16 noted that the South Asian country was examining the legal impact of this probe.Further, he stated that I Read More
- Business
- March 16, 2026
LPG Supply Steady Despite ‘Concerning’ Crisis; Govt Mandates LPG Surrender For All PNG Subscribers
The government on Monday said India’s fuel supply remains stable despite rising global oil prices, while acknowledging growing pressure on the cooking gas supply chain and announcing stricter rules on LPG usage.Speaking at a press briefing, officials from the Ministry of Petroleu Read More
- Business
- March 16, 2026
India’s Alternatives To Strait Of Hormuz Beyond Panama Canal, Axis Bank Chief Amitabh Chaudhry Weighs In
Amid the ongoing West Asia crisis, which has severely impacted oil and gas transits from the Strait of Hormuz, Amitabh Chaudhry, MD & CEO of Axis Bank, noted the potential of Saudi Arabia’s use of pipelines to bring oil tankers toward Red Sea.”Everyone is exploring alternate rout Read More
- Business
- March 16, 2026
Brent Crude Trades Near $105 As Iran Attacks More Gulf Targets, While Shares Are Mixed
Brent crude oil traded near $105 per barrel on Monday as Gulf countries reported more attacks by Iran with the war entering its third week, while share prices were mixed.A barrel of Brent, the international standard, was up 1.6% at $104.73, dipping slightly after opening above $1 Read More
