The Egyptian-controlled Rafah crossing is Gaza’s main lifeline to the outside world that is not run by Israel. This article explains the importance and control of the Rafah crossing in Gaza, the role it plays in the conflict, the challenges in delivering aid through the crossing, and the reasons behind the restrictions imposed by Egypt. It also discusses the potential for Gazans to leave the area and the historical context surrounding the displacement of Palestinians in the 1948 war.
Ahead of ISRO’s attempt to land Vikram on the moon, it has been revealed that the propulsion module of Chandrayaan-3 still has over 150 kg of fuel left, indicating that it could remain operational for several years. This comes as good news for the mission, as the module was initially designed to last for three to six months.
With a backdrop of Dollar going up and leaving Rupee at a record low, domestic fuel prices are bound to be tied to these occurrences. Traders will have difficulty in budget due to Dollar’s price hiking and Benchmark Brent (India’s 1/4th crude importer) declining $90 a barrel to $86.72; including complications in supply after Russia announcing the go in reservists. State run oil companies like IndianOil, Hindustan Petroleum and Bharat Petroleum; have already borne significant losses upto 18000 Cr in Q1, due to stagnant prices, which may keep pump prices on the same page.
July reports show a higher consumption of fuel in India by 6.1% year-on-year, meanwhile the demand fell by 5.7% from last month. Edward Moya, OANDA worker, analysed that the cause is rise in prices, whereas the overall demand increasing shows economy bouncing back. Gasoline and petrol rise by 6.8% from last year, LPG rises by 1.7%, and naphtha falls by 6.2%.
