Pakistan-linked module was planning recce of a party office in another state: UP ATSFour arrested from Saharanpur, investigators allege accused were tasked by Pakistani handlers to identify targets, recruit youths through video calls and expand sleeper-cell network across India Published on: May 28
When she saw me walking into her home in Assam’s Barpeta district, Amina Begum attempted valiantly to get up from the bed. Her body shook as the 68-year-old tried – and failed – to raise herself. When I had visited Begum in June last year, she was not this infirm. She was walking
Violence erupts as ED raids for Kerala CM Pinarayi Vijayan’s housesDuring the raids, top CPI(M) leaders and hundreds of party workers protested outside the homes of Vijayan in Thiruvananthapuram and Kannur. Updated on: May 28, 2026 7:33 AM IST By Vishnu Varma Share via Copy link The Directorate
Air India, IndiGo, Air India Express cut flights as fuel costs surgeOfficials also said Air India Express would reduce some domestic frequencies, though the impact would remain below 10%. Updated on: May 28, 2026 7:43 AM IST By HT Correspondent Share via Copy link Major Indian carriers
The two factions of the All India Anna Dravida Munnetra Kazhagam on Wednesday withdrew disqualification petitions against each other’s MLAs, and reached a truce two weeks after the rift surfaced, the Hindustan Times reported. The rift had taken place after 25 AIADMK MLAs led by former ministers
Can Uttar Pradesh’s power network handle growing load?Domestic, agriculture consumers remain the two biggest pressure points while industry and EV load is also growing in Uttar Pradesh Published on: May 28, 2026 7:46 AM IST By Brajendra K Parashar
Delhi employee stunned after boss gifts him a brand-new SUV for his appraisal: ‘I was shocked’Speaking to Hindustantimes.com, a Delhi employee shared his shock at receiving a brand-new MG Hector SUV as a surprise appraisal gift. Published on: May 28
The live-in personal assistant to Friends star Matthew Perry has been sentenced to 41 months in prison, capping a multi-year legal saga surrounding the actor's death. Kenneth Iwamasa, 60, who injected Perry with ketamine, worked with two doctors to provide the actor with more than $50
Gas and oil prices soar and shares tumble on fears conflict could escalate
Gas prices have spiked and global stock markets tumbled as the conflict in the Middle East intensified and concerns grew over how long it will last.
The UK gas price surged to its highest level for three years on Tuesday, following sharp gains on Monday, while Brent crude oil benchmark briefly rose above $85 a barrel for the first time since July 2024.
Meanwhile, the share prices of companies on US, European and Asian stock markets plunged.
Since Israel and the US launched strikes on Iran and Tehran retaliated, investors have been weighing the potential economic impact, including what it could mean for inflation and interest rates.
There are fears the fight in a region that plays a key role in global energy supplies and shipping routes could have a similar impact to Russia's full-scale invasion of Ukraine four years ago which pushed up the cost of energy, causing price rises for businesses and consumers around the world.
In its latest fiscal outlook document, the UK's Office for Budget Responsibility said the escalation of the conflict could upset its forecasts, warning it could have "very significant impacts on the global and UK economies".
German Chancellor Friedrich Merz, who met with Trump at the White House on Tuesday, also voiced concerns about economic damage.
"That's the reason why we all hope this war will come to an end as soon as possible," he said.
The FTSE 100 index of the largest firms listed in London fell 2.75% by the end of trading on Tuesday, while Germany and France's main indexes closed down 3.44% and 3.46% respectively.
In the US, the S&P 500 fell sharply at the open but recovered some of those losses, ending down 0.9%.
In Asia, Japan's Nikkei fell 3.3%. Hong Kong's Hang Seng and the Shanghai Composite in mainland China were also down. The Kospi in South Korea, which was shut for a public holiday on Monday, fell by more than 7%.
The benchmark UK gas price rose above 165p a therm on Tuesday, which it last traded at a year after the start of the Ukraine war. It closed at 138p a therm — still over a fifth higher than Monday's price.
UK gas prices have now doubled since the US and Israel began a wave of air strikes on Iran on Saturday.
The spike in gas prices came after QatarEnergy, one of the world's biggest exporters, halted production following "military attacks" on its facilities.
It later said it would stop producing other materials including aluminium, methanol and urea used for fertiliser.
Higher gas prices could put pressure on household energy bills, although any impact would not be seen in the UK until July because a price cap has been put in place until then.
Oil prices have not risen as sharply as there is greater flexibility in sourcing additional crude compared to gas, though they are still much higher than on Friday.
Nevertheless, rising oil prices can affect the economy by making things such as motor fuel, transport and food more expensive.
If inflation — the pace of price rises — picks up, then this may make central banks less likely to cut interest rates in the months ahead.
Shipping through the Strait of Hormuz is crucial to the global economy, with about 20% of the world's oil and gas passing through the waterway. But traffic has come to a halt after several vessels were attacked in recent days.
Ebrahim Jabbari, an adviser to the commander-in-chief of Iran's Islamic Revolutionary Guard Corps (IRGC), told state TV that ships "should not come to this region. They will certainly face a serious response from us".
As well as pushing up prices on global energy markets, the conflict has triggered a rise in how much it costs to transport oil.
Hiring a supertanker to move oil from the Middle East to China reached an all-time high on Monday of more than $400,000 (£298,300) per day, almost double the cost last week, according to data from the London Stock Exchange Group.
Sanne Manders, president of logistics technology platform Flexport, told the BBC the Strait of Hormuz was "effectively closed".
It is partly down to carriers not willing to take the risk, but also due to "insurance companies not being willing to insure this risk anymore", he told the Today programme.
He added that carriers were likely to start raising rates "for any shipping in the world" in anticipation of higher fuel prices.
UK households are also likely to see higher fuel prices if the cost of oil remains high, according to Alasdair Locke, chairman of Motor Fuel Group, the UK's largest independent forecourt operator.
"With the price of oil going up, that is inevitably going to feed through in due course to higher prices at the pump," he said.
It will depend on how long and how high those prices go as to how high the price of fuel will be.
Source: BBC
Related Posts: Why Oil Prices Spiked Above $115 And Then Crashed In Just 24 Hours Schools Shut, Fuel Prices Spiked India’s sunflower oil imports halve in February amid West Asia conflict Russia ready to help India with energy supply amid Middle East conflict Adani Total Gas cuts industrial gas prices as supply crunch eases amid Iran war Oil prices drop and stock markets rise after reports of deal to end Iran war Stock markets tumble on surging oil prices Stock markets rebound tracking drop in crude oil prices Stock markets rattled and energy prices soar after strikes on Qatar gas hub Stock markets slump as oil prices surge over Strait of Hormuz fears
TikTok appears to be experiencing a widespread outage with hundreds of users flagging issues with openig the popular social media app. According to outage tracking website Downdetector, reports of issues with TikTok spiked sharply around 6 AM ET in the United States on May 28
1 minutes ago
Global carmakers are facing a reckoning as US, European and Japanese brands lose ground to Chinese rivals setting the pace not only in electric vehicles, but also in batteries, design and software. The BBC visited factory floors in Beijing and Hefei on the sidelines of Auto China 2026 - the world's
2 minutes ago
Micah Parsons injury update: Adam Schefter gives devastating news on LB's return; ‘Will miss…’Micah Parsons is expected to miss the “first few weeks” of the upcoming season for Packers as his ACL recovers, Adam Schefter said. Updated on: May 28
2 minutes ago
Laid-off Webflow employee calls out CEO: ‘Locked out of laptop, didn’t get email’A Webflow employee has called out the company’s CEO over the way in which she handled layoffs, claiming he did not receive an email about his termination Updated on: May 28
1 minutes ago
Indian scientists have found strong evidence of subsurface ice near the Moon's south pole. Data from Chandrayaan-2's radar instrument revealed ice in craters. This discovery adds to growing evidence of water resources on the Moon. These findings will help shape future lunar missions
3 minutes ago
Gujarat Titans bowlers set new IPL records. Kagiso Rabada took the most powerplay wickets in a season. The team also achieved a historically balanced bowling performance with five bowlers taking 15 or more wickets. Royal Challengers Bengaluru posted a record playoff total
2 minutes ago
The complaint alleged that Mamata Banerjee’s remarks insulted the sentiments of followers of Sanatan Dharma and promoted communal disharmony. An FIR was registered on Tuesday against TMC Chief and former West Bengal Chief Minister Mamata Banerjee over her alleged derogatory remarks about Sanatan
2 minutes ago
Pradosh Vrat happens to be one of the most sacred fasts dedicated to Lord Shiva and Goddess Parvati. This vrat is observed during the auspicious period on the Trayodashi tithi which starts after sunset. The time window after sunset, when Trayodashi Tithi and Pradosha time overlap
2 minutes ago
Several labour unions have demanded, in writing, that India’s labour codes be reformed to include more explicit provisions for working in extreme heat. Record-breaking heat in recent years has moved government bodies to issue advisories urging employers to reschedule working hours and make
2 minutes ago
When Crystal Palace chairman Steve Parish first met Oliver Glasner in late 2023, he had no idea it would be a meeting that would change the course of the club's history. It was then sporting director, Dougie Freedman, who had set up the get-together in south London
2 minutes ago
Karnataka Chief Minister Siddaramaiah is reportedly set to resign Thursday following Congress high command directives, paving the way for Deputy Chief Minister D K Shivakumar to assume the top post. Celebrations erupted in Shivakumar's camp amid speculation
2 minutes ago
Feeling bloated after meals? Gastroenterologist shares the benefits of post-meal ‘fart walks’ to ease discomfortGoing for a short walk after meals – popularised as “fart walks” on social media – is a simple way to get your digestive tract moving and ease bloating. Published on: May 27
1 days ago
From Spielberg's epic alien drama to J-Lo in an office romcom and the return of Toy Story, these are the films to watch at the cinema and stream at home this month. "By the power of Grayskull! I – have – the power!" Readers of a certain age may remember that booming battle cry: it rang out
1 days ago
IIT Madras graduate rejected ₹10 LPA job for UPSC, later found success through trading: 'Never give up'An X post detailed the man’s 12-year struggle through UPSC preparation, failed career shifts, heartbreak and unemployment before finding success through trading Published on: May 27
1 days ago
said it has turned across all its established businesses in FY26, marking a key profitability milestone for one of India's largest platforms, as it accelerates expansion across pharmacy, and speciality care.The company said its diagnostics business crossed an annualised revenue run rate of more
1 days ago
Penpa Tsering sworn in for second term as head of Tibet’s 'government-in-exile' in DharamshalaTsering said that "Middle Way Policy" which seeks a resolution to the Sino-Tibet conflict through non-violence, dialogue and mutual benefit would be lasting. Updated on: May 27
1 days ago
As innovation becomes more open and collaborative, thanks to an AI-Driven economy, companies are rethinking how visibility is built. This article explores why presence in innovation ecosystems matters, how long-term technical credibility is earned, and why platforms such as ET AI Hackathon 2
1 days ago
Man serves lemon juice as prashad in office prank, colleagues’ reactions go viralA light-hearted office moment captured on Instagram shows lemon juice being served as prashad. Published on: May 27, 2026 4:47 PM IST By Vaishali Kapila Share via Copy link Office life can feel repetitive at times
1 days ago
The Supreme Court on Wednesday upheld the government’s retrospective imposition of 28% Goods and Service Tax (GST) on companies, backing tax demands on past transactions in a ruling that could have major financial implications for the sector
1 days ago
India opens ₹15,000 crore race to build AMCA stealth fighterThe shortlisted bidders are: Tata Advanced Systems Limited; Larsen and Toubro plus Bharat Electronics Limited, and Bharat Forge plus Bharat Earth Movers Limited Updated on: May 27, 2026 4:56 PM IST By Shishir Gupta Share via Copy link
1 days ago
A Chinese dissident who fled his country on a rubber boat has been detained in South Korea after spending 30 hours at sea. Dong Guangping, a former police officer and human rights activist, was found in Korean waters on Monday night. South Korea's coast guard told the BBC that Dong is under
1 days ago
Ugandan woman, suspected of Ebola infection, tests negative in KarnatakaKarnataka minister says health department continues to closely monitor the situation and remains fully prepared to take all necessary measures Updated on: May 27, 2026 4:40 PM IST PTI Share via Copy link A 28-year-old woman
1 days ago
Cuban Foreign Minister Bruno Rodriguez Parrilla asked the international community for urgent help to prevent disaster in his country, which is under a U.S. energy blockade, in a speech to the UN Security Council on Tuesdayc(May 26, 2026). “I call on the international community to mobilize to
1 days ago
The Rajasthan High Court on Wednesday acquitted religious leader Asumal Harpalani, also known as Asaram Bapu, of charges related to the gangrape and sexual assault of a minor, PTI reported. However, a bench of Justices Arun Monga and Yogendra Kumar Purohit upheld his conviction for rape in the case
1 days ago
Noida International Airport: Paresh Maity’s art takes flight of fancyIndian artist Paresh Maity’s two public art installations will be part of the Noida International Airport that is expected to be operational from June 2026. These include six huge panels and a bell installation represent
1 days ago
The Assam Assembly on Wednesday passed the Uniform Civil Code bill seeking to ban polygamy and make the registration of live-in relationships compulsory, even as the Opposition demanded that it should be sent to a select committee for scrutiny
1 days ago
LIC shares fall 3 percent as reports say India plans 2 percent stake sale to institutional investors. LIC (Life Insurance Corporation) shares slipped 3 per cent intraday on Wednesday, following the reports suggest the government is planning to sale 2 per cent stake from the insurance behemoth next
1 days ago
