BigBreakingWire

Infosys ADR hits a new 52-week low. The stock drops 5.9%.

🇺🇸 U.S. government put $8.9B into Intel. Today, that stake is worth over $60B. Trump says it may be one of the biggest wins ever for American taxpayers. Here's how a struggling chipmaker became a $600B giant 👇 https://youtube.com/shorts/ocjrwa4TRj4?si=CNNrwXKL6MhFOPaC

🇮🇳 Fuel prices may not fall immediately despite lower crude oil prices. Union Minister Suresh Gopi said petrol and diesel prices cannot be reduced right away after the recent decline in global crude prices following the Iran-U.S. deal. He said fuel pricing depends on multiple factors, including the time it takes for cheaper crude oil to reach India and move through the supply chain. As a result, any benefit from lower crude prices may take some time to reflect at the pump. Retail fuel prices have been cut sharply in both China and the U.S. In the U.S., gasoline prices have fallen below $4 per gallon, while China has reduced retail fuel prices twice within a single week.

🇮🇳⚡ India's Energy Import Bill Surges, But Crude Prices Ease • India's energy import bill jumped 82% YoY to $18.7 billion in May. • Crude oil imports increased 7.5%, while LNG imports rose 16% from a year earlier. • Higher global energy prices and Middle East supply disruptions pushed up import costs, widening India's trade deficit. • In a positive sign, the Indian Crude Oil Basket fell below $80/bbl, standing at $78.48 per barrel on June 17. • Lower crude prices could help ease pressure on India's import bill, inflation, and fuel costs if the trend continues.

🚨 U.S. and Iran just unveiled a framework that could rewrite Middle East politics. • Oil sanctions lifted • $300B reconstruction plan • Strait of Hormuz reopened Watch👇 https://www.facebook.com/share/r/1AsgKcVUDY/

🇺🇸🇮🇷⚡US-Iran MoU outlines a 14-point roadmap: ceasefire, sanctions relief, oil export waivers, release of frozen assets, Strait of Hormuz access, nuclear limits, and a $300B reconstruction plan. Read 👇🏻 (Full document) https://bigbreakingwire.in/inside-the-iran-us-peace-plan-ceasefire-oil-sanctions-more/

India is negotiating $2.5B in loans—$1.5B from the World Bank and $1B from ADB—for urban infrastructure and jobs. Higher crude oil prices have increased fiscal pressure and funding needs. Read 👇🏻 https://wp.me/PfgCxS-8FD

Pete Hegseth: Iran deal was secured through U.S. strength and military pressure. Iran must not get nuclear weapons. If Tehran violates the agreement, America is ready to restore sanctions, blockades, or strikes. Read 👇🏻 https://bigbreakingwire.in/trump-pezeshkian-sign-iran-deal-launch-60-day-peace-talks/

Wall Street Journal reports U.S. retail gasoline prices dropped below $4/gal.

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🇺🇸🇮🇳⚡Trump reposted Sergio Gor's post that Indian companies plan to invest over $20.5 billion in the U.S. economy.

🇺🇸⚡Trump: The Stock Market just hit a RECORD HIGH, and Oil prices are tumbling down.

🇮🇳⚡Documents show Indian Oil Corporation has issued a tender to charter very large gas carriers (VLGCs) to move liquefied petroleum gas (LPG) from Qatar, Kuwait, and the United Arab Emirates.

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China State Planner: Effective 24:00 on June 18, domestic gasoline and diesel prices will drop by 515 yuan/ton and 495 yuan/ton, respectively. This is the second consecutive cut. Most regions will see diesel at 7.7–7.9 yuan/liter and 92-octane gasoline at 7.8–7.9 yuan/liter. The cut lowers fuel costs for private car owners.

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🇮🇳⚡Indian crude oil basket declines below $80/bbl, stands at $78.48 per barrel as of June 17.

🇮🇳⚡India asked the World Bank and Asian Development Bank for $2.5 billion in infrastructure financing.