CNG, EV make up record 40% car sales in June

Saudi Arabia slashes crude prices by most in 26 years amid OPEC+ output surge

Saudi Arabia has implemented its steepest crude oil price cut in 26 years, signaling intensifying competition among global oil producers. Major Persian Gulf nations are ramping up output and restoring export volumes to pre-war levels. The move aligns with an OPEC+ decision to raise production targets further for August. Indian refiners stand to benefit from the lower prices, which will also ease the government's fuel subsidy burden. Cheaper energy costs are expected to help keep inflation in check and boost consumer spending in India.

Cuba Plunges Into Island-Wide Blackout Amid Severe Fuel Shortage

Cuba has experienced a nationwide blackout as the country faces a deepening fuel crisis. The island nation currently produces only 40% of the fuel required to meet its energy needs. A Russian tanker delivered 730,000 barrels of oil to Cuba in late March, but those reserves were fully depleted by the end of April. The shortfall has left the country unable to sustain its power supply across the island.

PM Narendra Modi’s three-nation tour: Defence, critical minerals on table at India-Indonesia meeting today

India protests incorrect Kashmir map shown at Dhaka strategic studies seminar

An Indian diplomat raised a formal objection at a seminar in Dhaka after a map depicting Kashmir as part of Pakistan was displayed during a presentation. The protest was made on the spot while a former ambassador was presenting, with the Indian official asserting that Jammu and Kashmir is an integral part of India. The former ambassador defended the map, stating it was used for representational purposes only. The event was organized by the Bangladesh Institute of International and Strategic Studies.