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Oil News

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Iran Strikes Deal With Oman Over Hormuz, Hits Back at Trump’s US Territory Threat

The Strait of Hormuz is one of the most important sea routes in the world. About one-fifth of global crude oil passes through this route....
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Global Oil Crisis Looms: Trump Warns Americans to Brace for Higher Oil Prices as Iran Stands Firm

US President Donald Trump has also indicated that the American people may have to pay the price of fuel for maintaining pressure on Iran. ...
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100% US Tariff May Hit Indian Exports Hard, Russia Oil Imports Could Become Costly

According to GTRI, in 2026, India will have imported crude oil worth about 40.08 billion dollars from Russia. ...
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100% Tariff Threat: US Senate Approves Bill Targeting India and 4 Other Russian Oil Buyers

The bill passed by the Senate makes a provision to impose up to 100 percent tariff on countries purchasing oil and gas from Russia. ...
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Defy Us Again and Iran Will Burn: US Issues Stark Warning After 10 Straight Nights of Airstrikes

The US Central Command (CENTCOM) says that several important military targets of Iran were targeted in the recent air strikes. ...

India Could Face Up to 500% Tariffs as Trump Backs Russia Sanctions Bill, Report Claims

The purpose of the "Sanctioning Russia Act" introduced in the US Congress is to create economic pressure on countries involved in Russia's oil and gas...

America Restarts Hormuz Blockade as New Airstrikes Hit Ahvaz and Qeshm Island

America says that this action has been taken in response to the attacks on merchant ships passing through the Strait of Hormuz....

Oil Tanker Hit Near Strait of Hormuz After US-Iran War, Mystery Surrounds Fresh Attack

According to Britain's maritime security agency UKMTO, an unknown object collided with an oil tanker about 8 nautical miles east of Limah coast of Oma...

Putin Confesses Impact of Ukrainian Strikes on Russia's Oil Supply, Opens Door to Negotiations

Vladimir Putin admitted that there is a fuel shortage in some parts of the country. However, Putin refused to consider it a major crisis. ...

India Set for Major Relief as Hormuz Route Reopens, 34 Ships May Soon Get Clearance

The Indian-flagged LNG ship 'Disha' has safely exited the Strait of Hormuz area after more than three months. The ship is now heading towards India an...
Jaishankar's Sharp Response To Europe

'Weapons Sold to Attack India': Jaishankar's Sharp Response To Europe On Russian Oil Purchase

Responding to criticism over India's Russian oil purchase, External Affairs Minister Jaishankar said that, "Europe sells weapons, which are used to at...
Closure of Strait of Hormuz

Is India Facing Another Oil Crisis? Iran's Closure Of Strait of Hormuz Sparks Fresh Fears

Hours before these attacks, US President Donald Trump stated that the Washington was prepared to launch more severe attacks on Iran. ...

US Extends Russian Oil Waiver by 30 Days as Iran Peace Talks Remain Stuck

America has extended this relief to those Russian oil consignments which were already present in the sea. ...

Russian Oil Waiver Ends: Is India Heading for Another Fuel Price Hike?

America has ended the exemption given on oil coming from Russia. Due to this, it will no longer be as easy for India to buy cheap Russian oil as befor...

Only One Day Left: India May Stop Receiving Russian Oil, Fuel Crisis Feared

According to reports, the deadline for the special exemption given by America is ending on the night of 16th May. If this does not proceed, it may be ...

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