- Global tensions remain elevated. Germany’s Foreign Minister Johann Wadephul said there is no disagreement with the US on the Iran issue. Iran warned of potential attacks on steel plants across the Gulf and Israel, while Iranian media reported that the Yellowcake facility in Ardakan was bombed but without radioactive leakage. Authorities also stated there is no radiation risk at the Khondab site, while reports indicate that the Arak heavy water research reactor has been targeted.
- Energy markets remain on edge as QatarEnergy has reportedly cancelled around 10 LNG cargo deliveries for April–June and extended force majeure until mid-June. Analysts warn that if the conflict continues and the Strait of Hormuz faces disruption, crude prices could surge sharply, with Macquarie suggesting oil could even approach $200 per barrel in an extreme scenario.
- The United States has informed allies that the Iran conflict could delay weapons shipments to Ukraine, according to reports. The warning comes as US forces continue using significant volumes of air-defence interceptors and other military supplies in operations linked to the Iran conflict.
- The Government of India has pegged H1FY27 gross market borrowing at Rs.8.20 lakh cr., around 51% of the full-year estimate, to be raised through 26 weekly auctions. The government will also conduct switching and buyback of securities to smoothen redemption. The Reserve Bank of India has fixed the WMA limit for H1FY27 at Rs.2.50 lakh cr., while post G-Sec switches the gross borrowing estimate has reduced to about Rs.16.09 lakh cr. from Rs.17.20 lakh cr.
- Pine Labs has initiated the strike-off of its inactive wholly owned subsidiary Mopay Services Pvt Ltd to streamline its corporate structure. The entity has no business operations and minimal financial contribution, and the move is aimed at reducing administrative and compliance costs with no material financial impact expected.
