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Oil Leaps on USIran Threats as India Pushes Piped Gas and a ₹6,000 Crore Quantum Mission

Soaring crude prices flag new pressure for energy importers.

Overview

  • Global oil benchmarks climbed, with Brent reported above $111 a barrel after President Donald Trump threatened hard strikes on Iran and Tehran vowed retaliation.
  • The India Meteorological Department warned of a strong western disturbance bringing heavy rain, thunderstorms and winds up to 75 km/h across parts of northwest and central India.
  • Maharashtra advised households to switch from LPG cylinders to piped natural gas and cautioned that non-compliance could lead to disconnection of existing LPG supply.
  • India announced a ₹6,000 crore National Quantum Computing Mission to fund research and build domestic capacity in quantum technologies.
  • The World Health Organization declared Guinea worm disease eliminated, marking a rare global public health success after decades of eradication work.