The Middle East conflict’s sixth week sees global energy markets reeling. Soaring crude prices offer windfalls to some Gulf producers like Iran and Saudi Arabia, despite export drops. Others, heavily reliant on the Strait, face severe revenue plunges. The disruption, following airstrikes on Iran, has led to significant oil supply shocks worldwide.

Amazon has secured a significant $30 million deal for carbon credits from sustainable rice farming in India, a first of its kind in the country’s agricultural sector. This initiative, involving over 13,000 farmers, aims to reduce methane emissions and support Amazon’s net-zero targets by promoting water-saving cultivation techniques.

President Trump suggested the US could seize Iran’s oil, framing it as a business opportunity and citing Venezuela as an example. He also indicated a shift in US policy by referencing “to the victor belong the spoils.

Data from MarineTraffic shows that several Indian and foreign ships headed for Indian ports are still awaiting clearance near the Strait of Hormuz. According to the petroleum ministry, 17 vessels have been identified for evacuation.

India’s economy is set for robust growth, projected at 6.4% in 2026 and 6.6% in 2027, according to a UN report. Despite export challenges, strong domestic consumption and services sector performance are key drivers. The nation is also a leader in green job creation, with policies supporting domestic manufacturing in clean energy sectors.