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• Fewer than 20 ships cross Strait of Hormuz over weekend as US-Iran blockades choke key oil route

  Fewer than twenty commodity vessels transited the Strait of Hormuz over the weekend. Initial data showed four vessels crossed on Sunday and thirteen on Saturday. Overall traffic volumes remained suppressed in the week to August 21. Vessels aborted transit plans or switched routes after attacks occurred. Traffic remains well below normal levels and declining since the June peak.

  

• The Hormuz crude volume debate masks the real shortage of refined fuels

  The oil market is focused on disputed estimates of crude flows through the Strait of Hormuz, but Asia’s refined fuel markets show clearer signs of disruption. Imports of diesel, jet fuel and gasoline are down 21% from pre-conflict levels, while refining margins remain elevated, putting greater pressure on less wealthy Asian economies.

  

• Iran discovers over 7.5 trillion cubic feet of gas reserves as US blockade squeezes energy sector

  However, actual production is likely to take years. Iran's energy sector was already struggling with Western sanctions, underinvestment and power shortages before the latest conflict.

  

• Oil Price, August 24: Crude oil slips below $93 ahead of US sanctions announcement on Iran. What are experts saying?

  US Treasury Secretary Scott Bessent, who is scheduled to hold a press conference at 2 p.m. EDT (1800 GMT) on Monday, has threatened to impose "the toughest sanctions in history" on Iran. US President Donald Trump has also threatened sanctions against countries trading with Iran.

  

• India may see major growth in sodium-ion batteries as technology reaches TRL-7: Renewable Energy Secretary

  Technology Readiness Level (TRL) is a scale used to assess the maturity of a technology, with TRL 7 indicating that a system prototype has been demonstrated in an operational environment.

  

• L&T bags ₹15,000+ crore gas compression project in West Asia

  As part of the project, LTEH Onshore will execute EPC of gas compression plants, while L&T’s power T&D arm will build two 230 kV extra-high-voltage substations.

  

• China's Brahmaputra mega dam faces fresh fault line scare

  The warning comes amid growing geopolitical tensions over Beijing's upstream activities.

  

• Aditya Birla Group taps local lenders for Sprng Energy

  The proposed ₹14,000-crore debt facility would therefore represent a substantial portion of the acquisition funding, with the balance expected to be funded through the group's own resources and other sources.

  

• Bhupesh Baghel alleges new mining law weakens state revenue powers

  Baghel said the legislation was “pushed through” Parliament without adequate discussion and would bar state governments from imposing any cess on minerals extracted within their territory.

  

• Oil falls ahead of US announcement on new Iran sanctions

  Brent crude futures fell $1.22, or 1.29 per cent , to $93.17 by 0035 GMT, while U.S. West Texas Intermediate crude was at $85.86 ‌a barrel, down $1.20, ⁠or ⁠1.38 per cent .

  

• Welspun RE biz race: Macquarie, RP Sanjiv Goenka in last lap

  Final negotiations are underway with the two bidders, with potential transaction expected to peg WNEL's enterprise value at about ₹2,000 crore, they said.

  

• Metals sector outlook improves as non-ferrous earnings lead recovery: Systematix

  The brokerage expects companies with strong expansion pipelines, cost optimisation and operating leverage to outperform, although raw-material costs, commodity prices and geopolitical disruptions remain key risks.

  

• Centre pushes states to speed up PNG adoption, seeks district-level officers to drive LPG-to-gas transition

  The ministry is seeking district-level intervention as it moves to implement a regulatory framework aimed at preventing households from retaining both LPG and PNG connections in areas where piped gas is available.

  

• No shortage of minor minerals for Nashik Kumbh works: Collector

  Mineral extraction must strictly adhere to legal quotas, official transit passes must be used for every trip, and those facing previous administrative action should file formal legal appeals.

  

• Rare-earth find puts Telangana’s critical mineral wealth in focus

  GSI identifies 8.1 MT inferred resource of alluvium at Pata Gangaram; three more areas taken up for REE exploration

  

• BSL eyes ₹100 crore annual savings with new coal supply system

  In a statement, the SAIL-run PSU said the 650-metre-long specialised pipeline will transport pulverised coal directly to blast furnace (BF)-3.

  

• Sun-powered boats make waves at Almatti, Kudalasangama

  Silver Lake, a popular tourist attraction within the Almatti Dam complex, has offered boating services since 2006.

  

• Bihar’s Farakka concerns to be raised during treaty renewals: Dy CM

  Choudhary, who accompanied chief minister Samrat Choudhary and JD(U) MP Sanjay Kumar Jha to a meeting with Jaishankar in New Delhi on Friday.

  

• PNGRB clears 1,800 km LPG pipeline projects with ₹7,000 crore investment

  The expansion involves an estimated capital investment of about ₹7,000 crore and will cut across six states: Telangana, Maharashtra, Uttar Pradesh, Uttarakhand, Karnataka, and Goa.

  

• Adani, Jindal, NTPC to opt for locally designed nuclear reactors: Report

  Billionaire Gautam Adani has already laid out ambitions to build 10 gigawatts of nuclear capacity to support this push.