Inflationary impact of rising oil and gas

The US treasury secretary, Scott Bessent, says he will grant India a 30-day waiver to buy sanctioned oil from Russia to help ease supply concerns in the global market.

It comes as the Qatari energy minister warns that all energy producers in the Gulf region could shut down exports within weeks.

Plus - we hear from Nepal where votes are being counted in what’s being dubbed the young versus old election.