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India’s economy grew 7.8 per cent in the April-June quarter of FY27, beating expectations and the RBI’s 7 per cent forecast. Despite geopolitical tensions and the Iran conflict, strong domestic activity helped sustain growth, keeping India the fastest-growing major economy
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The Trump administration said oil movement through the Strait of Hormuz has recovered to nearly two-thirds of pre-war levels despite Iran conflict. Officials vowed to safeguard shipping, while former NATO commander James Stavridis warned Iran could expand tensions by targeting the Suez Canal
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US President Donald Trump announced plans to take permanent control of the Strait of Hormuz following overnight American airstrikes against Iranian military assets. Trump labeled the US the "guardian angel" of the waterway and demanded foreign financial reimbursement
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Aboard RFA Lyme Bay near Gibraltar, British sailors await possible deployment to clear suspected Iranian mines in the Strait of Hormuz after conflict disrupted global shipping. The UK-France mission depends on a peace deal, while Trump pressures allies to secure regional oil routes independently
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Rising fuel prices linked to the Iran conflict are creating political pressure on US President Donald Trump and Republicans before the midterm elections. Democrats blamed the administration for economic pain, while Republicans defended the White House, saying the impact would be temporary
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Congressional Democrats accused President Donald Trump of dragging the US into an “illegal war” with Iran, blaming the conflict for rising fuel, food and energy prices. Lawmakers demanded White House documents, while new legislation sought to block funding for unauthorised military operations
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The White House said Donald Trump extended a Jones Act waiver by 90 days, easing shipping rules for foreign vessels transporting oil and gas amid post-Iran conflict disruptions, aiming to stabilize supply and energy prices
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The second US crew member shot down over Iran was rescued in a high-risk mission, President Donald Trump said, highlighting air dominance as tensions escalate following strikes, threats over Hormuz and continued military confrontation
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A missing US service member downed in Iran after a fighter jet crash has been rescued, President Donald Trump said, noting the injured aviator survived in mountains as conflict escalates with continued strikes and civilian risks and global tensions rising
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Oil surged over 6% and Asian stocks fell after Donald Trump threatened stronger strikes on Iran. Uncertainty over the Strait of Hormuz and lack of ceasefire details rattled global markets; gold and silver declined
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Luiz Inácio Lula da Silva accused the United States of fabricating claims to justify war against Iran, urging UN Security Council action. Strikes disrupted global oil supply, raised fuel prices, and damaged critical civilian infrastructure and services
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US President Donald Trump announced plans to end the Iran offensive in weeks, shifting Strait of Hormuz responsibility to Gulf states. Meanwhile, drone and missile attacks in UAE, Israel, and Lebanon escalate civilian casualties amid rising fuel prices
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Eid Al Fitr was celebrated across Gulf countries with prayers held in mosques amid regional tensions, as authorities ensured safety following drone threats, while thousands gathered in Makkah and Madinah and festivities proceeded peacefully
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US President Donald Trump issued a fresh threat to Iran on Truth Social, claiming its military capabilities were being destroyed. His remarks escalated tensions amid the ongoing conflict, drawing global attention to rising geopolitical risks in the Middle East
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The Iran conflict could worsen the urea shortage in Telangana as LNG supply disruptions from Qatar threaten fertiliser production in India. Ramagundam Fertilizers and Chemicals Limited has already reduced output, raising concerns ahead of the upcoming kharif season
