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Oil News

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Iran Uses Hormuz Strait as Strategic Edge to Resist US Demands

The United States and its allies have long said that it is important to prevent Iran from acquiring nuclear weapons. ...
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'Hormuz Is Ours': Iran Claims Full Control, Challenges US After Firing on Ships

Iran has announced that due to the American blockade and breakdown of trust, the movement of ships through the Sea of ​​Hormuz and Oman is being banned with immediate effect. ...
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US Extends Sanctions Waiver For One-Month Allowing India, Others To Buy Russian Oil

US President Donald Trump's administration has further extended the temporary waiver on the purchase of Russian oil....
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US Will Not Extend Russian, Iranian Oil Sanctions Waiver; India Among Affected Buyers

India was a significant beneficiary of these sanctions waivers. According to reports, citing government officials, India ordered 30 million barrels of oil from Russia following the sanctions waiver. ...
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US Hormuz blockade: Will India's crude oil and LPG supply be hit?

India imports crude oil and gas from other countries. Of that, LPG is primarily imported from Gulf countries. Since the war began, India has been able to bring some of its LPG tankers through the Strait of Hormuz...
'Enjoy It Now': Iran Warns of Oil Price Shock Amid Trump Blockade Threat

'Enjoy It Now': Iran Warns of Oil Price Shock Amid Trump Blockade Threat

Iranian Parliament Speaker Mohammad Bagher Ghalibaf on Monday said that the consumers would soon feel the impact, stating, “Enjoy the current pump f...
Iran Demands $1 Per Barrel Crypto Toll On Tankers Crossing Strait Of Hormuz: Reports

Iran Demands $1 Per Barrel Crypto Toll On Tankers Crossing Strait Of Hormuz: Reports

According to media reports, Iran will now demand toll from shipping companies for oil tankers passing through the Strait of Hormuz, as it wants to mai...

Iran, Oman Allowed to Levy Hormuz Transit Fee Under 2-Week Ceasefire Deal

The Strait of Hormuz is a very narrow sea route connecting the Persian Gulf to the Indian Ocean, whose width is about 34 kilometers....

Iran Sets Condition for Opening Strait of Hormuz Amid US Pressure,India Likely to Feel the Impact

Iran has clearly said that it is not going to open the Strait of Hormuz under American pressure. Despite strong warnings from US President Donald Trum...
Brent crude prices jump above $105 after Trump vows to hit Iran ‘extremely hard’ in speech

Brent Crude Prices Jump Above $105 After Trump Vows To Hit Iran ‘Extremely Hard’ In Speech

After US President Donald Trump's speech, crude oil, which had been falling below $100, suddenly surged to over $105. ...

'Take Iran’s Oil…': US President Donald Trump’s Old Remark Resurfaces Amid War Tensions

In a 1987 TV interview, Trump had talked about occupying Iran's oil resources, which is generating new debate today in the era of war and energy crisi...

Strait of Hormuz Crisis: What’s the Latest After Pakistan Talks?

In the meeting held in Islamabad with representatives of countries like Saudi Arabia, Turkey and Egypt, the main focus was on opening the Strait of Ho...

Trump Says He’d Prefer Taking Iran’s Oil, Signals Possible Move on Kharg Island

US President Donald Trump has indicated that America may adopt an aggressive stance regarding control over Iran's oil resources. ...
Government rubbishes lockdown rumours amid West Asia Crisis: 'lockdown in India are completely false

Government rubbishes lockdown rumours amid West Asia Crisis: 'lockdown in India are completely false'

Amid an ongoing Middle East crisis, the central government has urged people to remain calm and said that spreading rumours at a time like this was “...

Good News in War Zone: Iran Allows Passage to India, China Through Hormuz

Iran's Foreign Minister Abbas Araghchi has said that the Strait of Hormuz has not been completely closed. He made it clear that this route is blocked ...

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