<ul data-eligibleForWebStory="true"><li>Geopolitical tensions escalated between Iran and Israel, leading to armed conflict and impacting the global trade route through the Strait of Hormuz.</li><li>The conflict resulted in increased crude oil prices, with concerns about potential disruptions in global trade and the Indian markets showing some resilience.</li><li>India's oil dependency on Iran is minimal, with preparations in place to address any escalation. Trade disruptions have led to a rise in shipping costs and delays in exports.</li><li>Discussions are ongoing to mitigate the impact on trade and normalize global commerce amid the ongoing conflict.</li><li>The article also covers other news such as the banning of bike taxis in Karnataka, UGro Capital's financial decisions, and concerns raised by the Enforcement Directorate regarding illegal betting apps.</li><li>Additionally, it highlights the challenges faced by employees of AGS Transact Technologies due to financial struggles and internal turmoil within the company.</li></ul>

In This Economy: Ships, Straits And Standoffs

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