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BusinessPhoto: HT World

Oil Prices Rise Over 2% Amid Iran-US Tensions and Falling US Inventories

Oil prices surged by more than $2 per barrel on Wednesday due to escalating tensions between Iran and the United States and a decline in US crude oil and fuel inventories. Brent crude futures rose 1.9% to $110.85, nearing a five-month high, while US West Texas Intermediate crude increased 2.2% to $99.95. Iran indicated little progress in talks with the US, with Foreign Minister Abbas Araqchi stating Iran is prepared to defend itself.

HT World·

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BusinessPhoto: HT World

US Mortgage Applications Fall 5.3% Despite Rate Drop to 7.41%

US mortgage applications declined 5.3% last week despite a slight drop in 30-year fixed mortgage rates to 7.41% from 7.50%. The Mortgage Bankers Association reported that average points paid by borrowers also fell. Applications for home purchases and refinancing both decreased, with refinance applications down 2%. Economist Joel Kan noted the rate drop was insufficient to boost application activity.

HT World·

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PoliticsPhoto: News18

Delhi HC Questions CJP Leaders' Gen Z Status During Custody Hearing

During a custody plea hearing at Delhi High Court, Justice Subramonium Prasad asked Cockroach Janata Party leaders Saurav Das and Ashutosh Ranka if they were Gen Z after learning their ages were 27 and 32. The court noted they were not Gen Z, prompting CJP leader Abhijeet Dipke to sarcastically call Prime Minister Modi the only Gen Z. The leaders later withdrew their plea following court guidance.

News18··Delhi

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SciencePhoto: Firstpost World

UN Warns Emissions Must Fall 45% by 2035 to Limit Warming

The United Nations Environment Programme (UNEP) has warned that global greenhouse gas emissions must be reduced by 18% by 2030 and 45% by 2035 to limit global warming damage. The latest UNEP report states that current climate actions are insufficient, risking temperature rises beyond 1.5°C. Even with updated pledges, temperatures could rise 2.6°C, increasing severe climate disasters.

Firstpost World·

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PoliticsPhoto: NDTV World

66% Indian-Americans Prefer Democrats Over Trump in 2026 Midterms

A recent survey reveals that 66% of Indian-American voters favor Democratic candidates over Donald Trump ahead of the 2026 midterm elections. The Asian American Voter Survey (AAVS) found that 60% of Asian American and Pacific Islander (AAPI) voters support Democrats for the US Senate, with 24% backing Republicans. For House races, 64% prefer Democrats, while 22% support Republicans.

NDTV World·

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BusinessPhoto: Amar Business

Gold and Silver Prices Fall Amid Festival Season

During the festival season, gold prices fell by 1,300 rupees, dropping below 150,000 rupees. Silver prices also declined by 1,600 rupees on Wednesday. This decline in precious metal prices has raised questions about the reasons behind the softness in the market during this period.

Amar Business·

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