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‘Will remove some oil sanctions’: Donald Trump as crude prices soar amid Iran war

US President Donald Trump on Tuesday said that he would remove “some oil sanctions” to reduce the soaring prices as the crude cost hit $100 a barrel amid Iran war.“We’re also waiving certain oil-related sanctions to reduce prices,” he said addressing reporters. “We’re going to take those sanctions off till this straightens out,” he added.Moreover,…

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Karnataka suspends online sale of Mysore silk saris as orders surge

BENGALURU: Karnataka govt has suspended online sales of Mysore silk saris after surging orders outstripped supply of the GI-tagged weave made with pure mulberry silk, gold zari and silver threads. State-owned Karnataka Silk Industries Corporation will prioritise limited stocks for buyers visiting its exclusive outlets.Sericulture minister K Venkatesh made the announcement in the assembly on…

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Government asks refineries to boost LPG for homes amid Middle East crisis

NEW DELHI: The government has directed oil refineries to increase the production of liquefied petroleum gas (LPG) and divert the additional output for domestic household use in view of geopolitical disruptions affecting fuel supplies, Ministry of Petroleum and Natural Gas announceed on Monday.The move comes amid constraints in LPG availability due to global supply pressures,…

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