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01/06/2026
Indian Oil Corporation: The price of a 19 kg commercial LPG cylinder has been increased by 42 rupees, with the adjusted price now at 3113.5 rupees.
Latest
22 m ago
Polymarket has begun requiring some traders to provide government identification documents.
29 m ago
Moody's: Energy expenses for the average American household have increased by about $450 per month.
31 m ago
An official revealed that in the past three weeks, the US military has secretly assisted about 70 merchant ships to pass through the Strait of Hormuz.
37 m ago
According to an analysis by CNBC, American households have incurred an additional cost of nearly $450 due to rising energy costs during the war in Iran. Data from Moody's Analytics shows that since the conflict erupted on February 28, American households have on average spent an extra $447.19 on fuel-related expenses. With gasoline prices and airline ticket prices soaring, American consumers have collectively lost nearly $60 billion. Mark Zandi, chief economist at Moody's, said, "Unless the war ends quickly, financially constrained consumers will have no choice but to be more cautious in their spending, which could threaten an already fragile economy."
37 m ago
According to Newsmax, US Treasury Secretary Bessette said on Sunday, "I firmly believe that President Trump will demand that they strictly fulfill their commitments." "If President Trump agrees to a potential Iran deal, I will now tell the Iranian leaders that the United States will use military and economic measures to ensure strict implementation of the agreement." He added that a key benchmark for measuring the implementation of the agreement would be the ability to restore freedom of navigation through the Strait of Hormuz. When discussing the economic situation, Bessette pointed out that recent inflationary pressures are limited and mainly due to rising energy costs. Bessette stated that the financial markets are not limited to short-term fluctuations but have already set their sights on the future, reflecting market confidence in government macro strategies. He also predicted that energy prices will continue to fall in the coming months. Bessette said, "Currently, for example, WTI crude oil prices have dropped by about 20% to 25% from their previous peak. Gasoline prices have also fallen by about 5% and are expected to continue to decline."
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