Business Recorder

India expects 2026 monsoon rains to be below average

MUMBAI: India said on Friday its monsoon rains hindered by an El Nino are likely to fall below average in 2026 for the first time in three years, stoking concern over farm output and growth as it battles inflation caused by the Iran war. The lifeb…

#India #Monsoon2026 #Weather

Business Recorder

Oil falls over 1% on reports of potential US-Iran ceasefire deal

SINGAPORE: Oil futures fell more than 1% on Friday and were on track for their steepest weekly decline since early April, following ​reports that the US and Iran had agreed to extend a ceasefire, ‌though it had yet to be finalised. Brent crude fut…

#USA

Business Recorder

Vance says US not there yet on Iran, but close

WASHINGTON: U.S. ​Vice President JD Vance on Thursday ‌told reporters that Washington was “not there yet” with Iran on an agreement but that the parties ​were close, adding that the ​U.S. was in a position where it ⁠could substantially set back Te…

#JDVance #USA #Iran

Business Recorder

Oil prices settle in mixed direction on conflicting reports of US-Iran ceasefire deal

NEW YORK: Oil prices settled mixed on ‌Thursday after a choppy trading session, as traders mulled conflicting reports of progress on a potential deal to extend a ceasefire between the U.S. and Iran. Brent crude futures for July , which expire on F…

#MiddleEast

Business Recorder

US imposes fresh sanctions on Iran’s military oil sales, Treasury says

WASHINGTON: The U.S. said on Thursday it has imposed new sanctions on Iran’s ​military oil trade, even as Washington and Tehran reached a ‌tentative agreement to extend their ceasefire and lift restrictions on shipping through the Strait of Hormuz…

#Military

Business Recorder

Key US inflation measure posts largest annual increase in three years

WASHINGTON: U.S. inflation increased at its fastest pace in three years in April, driven by higher energy prices due to the Iran war and cementing economists’ views that the Federal Reserve would hold interest rates unchanged well into ​next year….

#NewYork

Business Recorder

Netanyahu directs Israeli forces to expand Gaza control to 70 percent

JERUSALEM: Prime Minister Benjamin Netanyahu ​said on Thursday he had directed Israel’s military to take more of Gaza, initially by seizing 70% of the Palestinian territory, where the ‌population is already penned into a tiny strip of land along t…

#IsraeliStrikes

Business Recorder

Iran and US trade air strikes after Trump dismisses report of Hormuz deal

DUBAI/WASHINGTON: Iran targeted a U.S. air base in Kuwait on Thursday after the United States struck what Washington described as an Iranian drone operation near the Strait of Hormuz and President Donald Trump rejected a reported compromise deal w…

#Trump #USTensions #Iran #BandarAbbas

Business Recorder

Russia sends first LNG tanker this year eastward along the Arctic, data shows

MOSCOW: A liquefied natural gas carrier has departed from a Russian outlet and sailed east towards Asia, LSEG data showed on Thursday, the first tanker this year to set sail along the Northern Sea Route as navigation along the route opens earlier …

#Russia

Business Recorder

Sri Lanka monetary stance appropriate, 3% growth target within reach, IMF says

COLOMBO: Sri Lanka’s monetary stance is broadly appropriate, and the country still has strong potential to reach the International Monetary Fund’s 3% growth target, the head of the IMF’s Sri Lanka mission said on Thursday. He was speaking two days…

#IMF #SriLanka