Global crude oil prices have fallen significantly from wartime highs, but market expert Vandana Hari cautions against declaring victory. She anticipates a holding pattern until a formal memorandum of understanding is signed, with a gradual reopening of key energy routes expected to take months. Hari also believes demand destruction was temporary and expects it to return as prices stabilize.
Remittances, services surplus lift India to $4.7 billion current account surplus in April
India achieved a significant current account surplus of $4.7 billion in April. This positive shift was driven by robust inward remittance flows. The services sector
June 16, 2026