Markets

Strait of Hormuz Closure: Iran Blocks Vital Oil Route, 80 Mines Threaten Year-End Reopening

Iran has declared the Strait of Hormuz closed citing ceasefire violations, causing tanker traffic to plummet 43% in 24 hours. With 80 mines blocking the channel, normal shipping may not resume until y...

Indian Rupee at 95.29: Why it Hit Record Low in May 2026 and How it Affects Your Savings

The Indian Rupee at 95.29 reached a historic record low against the US Dollar in May 2026, primarily driven by skyrocketing crude oil prices exceeding $120 per barrel and heightened geopolitical tensi...