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● Neutral for Indian equities
White House holds crunch talks on diesel export ban as midterms near
The brief
- Trump faces lobbying from Big Oil over a possible diesel export ban
- Top Republicans warn of voter anger over high fuel prices ahead of midterms
- Diesel supply shifts could affect Indian fuel prices and oil marketing companies
- Trump says US will win Iran war soon; does not rule out strikes before midterms
- Trump to bomb Iran once November midterms end
- Trump rejects Iran’s seven-day ceasefire proposal; renewed bombing reportedly possible
- Senate narrowly votes down resolution calling for end to Iran war