Daily Republic News
- Business
- March 10, 2026
“Catastrophic” Fallout: Saudi Aramco CEO Warns of Global Economic Collapse as Hormuz Blockade Deepens
Saudi Aramco CEO Amin Nasser has issued an alert to world markets, describing the ongoing closure of the Strait of Hormuz as a “nightmare scenario.” Speaking during an earnings call on Tuesday 6, Nasser emphasized that the global economy faces unprecedented peril if the strategic Read More
- Business
- March 10, 2026
Asia Stocks Rebound, Oil Dives As Trump And Iran Trade Barbs
Stocks rallied and oil prices plunged in Asian trading on Tuesday after U.S. President Donald Trump declared the Middle East war could be “over soon.”But hopes of a speedy resolution to the conflict were soon dashed by defiant statements from Iran’s military indicating it would c Read More
- Business
- March 10, 2026
Hormuz Blockade: Global Economy Hits “Nightmare Scenario” as Oil Touches $120 and ECA Invoked in India
The conflict is driving up energy and fertilizer prices; threatening food shortages in poor countries; destabilizing fragile states such as Pakistan; and complicating options for the inflation fighters at central banks like the Federal Reserve.Causing much of the pain: Iran shut Read More
- Business
- March 10, 2026
How Oil Impacts India’s Balance Of Payments?
Amid supply chain disruptions and increasing volatility in oil prices triggered by the Israel-Iran-US war, India continues to be a net importer of oil, consuming nearly 5.3–5.5 mbpd, while the domestic production stands at 0.6 mbpd.”Currently, India’s import dependence is 85%”, a Read More
- Business
- March 10, 2026
Oil & Gas Stocks Slide as Crude Rally Unwinds; BPCL Drops 6%, Nifty Oil & Gas Index Falls 2.6%
Shares of oil and gas companies came under sharp selling pressure on Tuesday as the geopolitical risk into energy stocks over the past week began to unwind following the sharp correction in crude oil prices.The Nifty Oil & Gas Index emerged as the worst-performing sectoral index, Read More
- Business
- March 10, 2026
Govt Invokes ECA to Tackle LPG Crisis; Refineries Ordered to Boost Cooking Gas Output
In a major move to safeguard domestic energy security, the Government of India has officially invoked the Essential Commodities Act (ECA) to manage a deepening LPG supply crisis. The Ministry of Petroleum and Natural Gas has issued an emergency directive to all public and private Read More
- Business
- March 10, 2026
IDFC First Bank Settles Employee Fraud Claims At Rs 645 Crore With Haryana Govt
After the earlier estimated Rs 590 crore employee fraud at IDFC First Bank came to light, the private lender on Tuesday informed bourses that it has paid net principal amount of Rs 645 crore to settle all claims.In the employee bank fraud case linked to the IDFC First Bank’s Chan Read More
- Business
- March 10, 2026
Sensex Jumps Over 800 Points as Brent Crude Slides 25% from Peak; Nifty Reclaims 24,150
Indian equity markets staged a strong recovery on Tuesday as easing geopolitical fears and a sharp collapse in crude oil prices triggered a broad-based rally across Dalal Street.The benchmark BSE Sensex surged 816.24 points or 1.05% to trade at 78,382.40 around 10:14 AM IST, reve Read More
- Business
- March 10, 2026
Asia Markets Rebound, Oil Dives As Trump Says Iran War Could End Soon
Singapore: Asian stocks rallied and oil prices plunged at the start of trading on Tuesday, following a volatile session for markets overnight after U.S. President Donald Trump declared the Middle East war could be “over soon.”MSCI’s broadest index of Asia-Pacific shares outside Read More
- Business
- March 9, 2026
Global Bond Markets Plunge As Oil Surge Towards $120 Prompts Rate Hike Bets
Bonds across the globe sank on Monday as a rapidly worsening U.S.-Israeli war with Iran briefly pushed oil prices near $120, heightening investor fears over inflation which they bet may prompt European central banks to hike rates this year.Brent crude prices soared as much as 28% Read More
