The Indian rupee hit a record low of 95.50 against the US dollar on May 12 amid Iran tensions, surging crude over $105, and outflows. Higher import costs threaten inflation; PM Modi urges fuel restraint as oil crisis bites India hard.

King Charles III took a witty swipe at Donald Trump at White House state dinner, joking Brits saved America from speaking French and recalling 1814 fire. Flips Trump's WWII Davos remark amid submarine bell gift and Iran talks. Historic first visit as king strengthens UK-US ties.

Amid West Asia tensions, the Strait of Bab-el-Mandeb emerges as a critical flashpoint after Hormuz blockade. India’s 95% sea trade faces severe risks from Houthi threats and Iran’s influence, disrupting global oil flows and exports. Latest India news update on this chokepoint crisis.