Asia News - The Eastern Herald International

Oil tanker navigates shipping lanes near the Strait of Hormuz during the West Asia conflict that spiked crude prices affecting India's oil firms July 2026

West Asia Crisis Saddled India’s State Oil Firms With ₹74,781 Crore in Fuel Losses

India's oil marketing companies absorbed ₹74,781 crore in fuel losses during the West Asia crisis, minister Hardeep Puri disclosed Thursday. Meanwhile India set a crude import record with Russian oil crossing 50

July 2, 2026

Business·Economy·News

Tankers transiting the Strait of Hormuz near Bandar Abbas Iran as Iranian crude oil exports recover following US sanctions waiver

Iran Has Sold 40 Million Barrels at a 20% Premium Since the MoU. The Clock Runs Out August 21.

Iran exported 40-50 million barrels of crude oil in the first two weeks after the Islamabad MoU, at a 20% premium over blockade-era prices — between $400 million and $750 million in

July 2, 2026

Business·Economy·News

EU Trade Commissioner Maros Sefcovic meets Chinese Commerce Minister Wang Wentao at EU-China trade talks in Brussels June 2026

EU Raises Fresh Trade Barriers on China as €360bn Deficit Fuels Deindustrialisation

Chinese electric vehicles surpassed 10 percent of EU auto sales in May as Brussels activated fresh trade restrictions on China on July 1. With Volkswagen planning 100,000 job cuts, the EU’s €360bn

July 2, 2026

Business·Government and Politics·News

King Abdullah Financial District Riyadh reflecting Saudi Arabia's booming private markets attracting foreign investment

Saudi Arabia’s Private Markets Drew $5.3 Billion From 148 Foreign Investors in 2025

Saudi Arabia's private markets drew $5.3 billion from 148 international investors in 2025, covering nearly 60 percent of all private capital committed to the Kingdom — a fivefold jump in the foreign

July 2, 2026

Business·Economy·News

Alibaba Agrees to Pay $600 Million to Settle US Probe Over Illegal Drug Sales

Alibaba agreed to pay $600 million to resolve a DOJ probe covering 80,000 illegal drug sales across its platforms from 2016 to 2024. It is the largest marketplace liability settlement in US

July 2, 2026

Business·News

Oil tanker in the Persian Gulf region as Hormuz shipping fees fall on Iran peace talk progress July 2026

Brent Crude Falls to Pre-War Levels as Iran Peace Talks Show Positive Progress

Brent fell to $70.82 on Thursday, matching pre-war levels for the first time since February 27, as Qatar confirmed positive progress in US-Iran indirect talks. The market has declared the war over;

July 2, 2026

Business·Economy·News

Indian Prime Minister Narendra Modi and Japanese Prime Minister Sanae Takaichi at Hyderabad House New Delhi during the India-Japan bilateral summit July 2026

Japan and India Seal $12.5 Billion in Investment Deals as Takaichi Visits New Delhi

150 Japanese companies signed memoranda committing $12.5 billion across 120 deals at the Modi-Takaichi summit in New Delhi, the largest single-session commercial investment commitment from Japan to India in recent years. The

July 2, 2026

Business·Economy·News

Vessels at the Strait of Hormuz as seen from Musandam Oman amid UAE oil export surge to near 2017 highs

UAE Oil Exports Near 2017 Highs as OPEC Exit and Postwar Rebound Test Global Markets

UAE crude exports surged 30% to nearly 3.9 million barrels per day in June, approaching highs not seen since 2017, as the Emirates leverages its Hormuz bypass infrastructure and its May exit

July 2, 2026

Business·Economy·News

Commercial vessels transiting the Strait of Hormuz near Bandar Abbas, Iran, as US-Iran talks unfold in Doha

Kushner and Witkoff Were in Doha. The Formal Iran Talks Happened Without Them.

Kushner and Witkoff met Qatar's Emir in Doha while the formal US-Iran talks ran on a separate, lower-level track. The two US tracks did not converge, and Trump's claim that denuclearization was

July 2, 2026

Conflicts, Military and War·News

Super Micro server systems housing Nvidia AI chips at the center of a Taiwan smuggling investigation

Taiwan Raided Super Micro Over Nvidia Chip Smuggling. The Charge: Document Forgery.

Taiwan prosecutors raided 12 locations tied to Super Micro Computer, Albatron Technology, and Chief Telecom on June 29, targeting a $2.5 billion Nvidia chip-smuggling scheme. The problem: Taiwan has no law that

July 2, 2026

News·Technology

Asia- Page 62

West Asia Crisis Saddled India’s State Oil Firms With ₹74,781 Crore in Fuel Losses

Iran Has Sold 40 Million Barrels at a 20% Premium Since the MoU. The Clock Runs Out August 21.

EU Raises Fresh Trade Barriers on China as €360bn Deficit Fuels Deindustrialisation

Saudi Arabia’s Private Markets Drew $5.3 Billion From 148 Foreign Investors in 2025

Alibaba Agrees to Pay $600 Million to Settle US Probe Over Illegal Drug Sales

Brent Crude Falls to Pre-War Levels as Iran Peace Talks Show Positive Progress

Japan and India Seal $12.5 Billion in Investment Deals as Takaichi Visits New Delhi

UAE Oil Exports Near 2017 Highs as OPEC Exit and Postwar Rebound Test Global Markets

Kushner and Witkoff Were in Doha. The Formal Iran Talks Happened Without Them.

Taiwan Raided Super Micro Over Nvidia Chip Smuggling. The Charge: Document Forgery.

Radical Islam is being appreciated by Indian authorities too

Bangladesh; India’s Biggest Ally or China’s Dragon Nest?

Ahmadis in Bangladesh face fresh threat of persecution

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Asia- Page 62

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