A month-long conflict between Iran and Israel and their surroundings is sending shockwaves through global trade routes, triggering a sharp rise in costs and a decline in export orders for Bangladesh, industry insiders and economists say. The fallout, marked by soaring freight rates, disrupted supply chains, volatile energy prices and weakening demand, has placed Bangladesh’s...Read More

As the escalating US-Israel war on Iran drives a global fuel supply crisis, New Zealand is eyeing two major – and very different – projects aimed at bolstering its long-term energy security. While one risks deepening the country’s reliance on the very fossil fuel systems now in turmoil, the other offers a more sustainable alternative....Read More

New Delhi: Record difference between the price of crude oil and refined diesel amid the Iran war pushed India to increase diesel exports 20% month-on-month in March, even as overall refined product exports fell 8%, according to shipping data. India exported 12.90 million barrels of diesel during the March 1-28 period, up from 10.74 million...Read More

South Korea has purchased Russian naphtha for the first time in four years as disruptions linked to the effective closure of the Strait of Hormuz force refiners to seek alternative supplies. LG Chem bought 27,000 metric tons of naphtha, according to sources cited by the Yonhap News Agency, with shipments expected to arrive on Monday....Read More

Traders operating along Arakan (Rakhine) State’s border with India’s Mizoram State have reported that the Mizoram government recently imposed restrictions on cross-border fuel exports. In the third week of March, authorities in Lawngtlai, Siaha, and Lunglei abruptly banned all fuel exports across the border. The directives cited concerns over potential fuel shortages linked to conflicts...Read More

A search warrant was also executed on the ship’s crew at Villawood Immigration Detention Centre where a number of items of clothing were seized for forensic examination. Further evidence seized has allegedly linked six members of the ship’s crew to at least one drop-off of drugs within Australia’s territorial waters. On Saturday, March 28, AFP...Read More

New Law Cuts Jail for Minor Export Crimes The recent Jan Vishwas Bill marks a strategic shift in India’s economic policy, moving towards ‘trust-based governance.’ This law aims to end the practice of jailing people for minor offenses in key export areas like textiles, handloom, and agriculture. Instead, it proposes replacing prison sentences with monetary...Read More

After setting a record in FY25, India’s pulse imports dropped sharply in the current fiscal year, trade sources said, citing adequate carry-forward stocks and robust domestic crop production. According to provisional data, the country imported pulses valued at $2.97 billion during the first ten months of FY26, a 35% drop compared to the $4.6 billion imported...Read More

India’s revised fuel tax framework, effective March 26, imposes export duties on diesel and aviation turbine fuel (ATF), leaving petrol exports exempt. Analysts point to the uncertainty surrounding Reliance Industries’ SEZ refinery’s exemption from these duties as a pivotal factor affecting refining margins and government revenues. The new export levies are set at Rs...Read More

Modi spoke at the Jewar airport inauguration What’s the story Prime Minister Narendra Modi has lauded India’s ethanol blending policy for reducing its dependence on imported crude oil. Speaking at the inauguration of the Noida International Airport in Jewar, he thanked sugarcane farmers in Western Uttar Pradesh for their contribution. “Had it not been for...Read More