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Oil News

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Amid Middle East Tensions, Iran Signals Safe Route for Indian Tankers Through Hormuz

According to Indian officials, Indian-flagged oil tankers have been allowed to pass through the Strait of Hormuz. This is the same sea route through which India fulfills its major energy needs....
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Why the US Allowed India to Buy Russian Oil Despite Rising Tariff Dispute

Pressure on the global oil market has increased amid the ongoing conflict in West Asia. Meanwhile, America has decided to give temporary permission to India to buy oil from Russia. ...
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IRGC Dismisses Trump’s Comments as ‘Nonsense’, Says,'Iran Will Decide When the War Ends'

Iran's Islamic Revolutionary Guard Corps (IRGC) clearly said on Tuesday that the decision on when and how the war will end is that of Tehran, not Washington. ...
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Middle East Conflict Cuts India’s Gas Supply by 40%, Concerns Rise for Fertilizer Industry

The increasing tension between America, Israel and Iran in West Asia (Middle East) has given a direct blow to India's energy and agriculture related sectors. ...
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'Oil Sanctions May Be Lifted,' Trump Says as War Pushes Prices Higher

Trump said that due to the war, the price of crude oil in the international market has reached around $100 per barrel, but this increase will not last long. ...
'Interest of Indian Consumers Is Our Overriding Priority': Jaishankar on Impact of Iran War

'Interest of Indian Consumers Is Our Overriding Priority': Jaishankar on Impact of Iran War

While delivering a suo moto statement on the conflict in Rajya Sabha, Jaishankar said the well being and security of the Indian community in the regio...
Sensex crashes over 2,000 points, Nifty slides to 23,000 amid oil price spike

Sensex crashes over 2,000 points, Nifty slides to 23,000 amid oil price spike

The BSE Sensex stood at 76,739.46, down 2,179.44 points or 2.76 per cent, while the Nifty 50 declined 678.35 points to 23,772....
'Very Small Price to Pay': Donald Trump Defends Oil Spike During Iran Standoff

'Very Small Price to Pay': Donald Trump Defends Oil Spike During Iran Standoff

Oil prices surged past $100 a barrel for the first time in nearly four years, as escalating conflict in the Middle East fuelled concerns over prolonge...

Video: Toxic Black Rain Falls Over Tehran After Israeli Attacks on Oil Depots

Late Saturday night, Israel launched major attacks on Iran's capital, Tehran—particularly targeting oil storage facilities and energy facilities. ...

Global Oil Supply Concerns: US Allows India 30-Day Window to Import Russian Crude

There is an atmosphere of war in the Gulf, tensions between Iran and Israel-America are at their peak, and the fear of rising oil prices is beginning ...
Putin threatens to halt gas supplies to Europe amid Iran war

Putin threatens to halt gas supplies to Europe amid Iran war

Following the US and Israeli attack on Iran and then Tehran's strikes on Gulf Arab neighbours the price of oil and gas have increased....
Middle East War Escalation Pushes Global Oil Prices Higher

Middle East War Escalation Pushes Global Oil Prices Higher

A major concern for oil traders is the situation in the Strait of Hormuz, which is one of the world's most important oil shipping routes. ...

Jaishankar Reaffirms India’s Strategic Autonomy Amid US Remarks on Russian Oil

Foreign Minister S. Jaishankar clearly said that India takes completely independent decisions for its energy needs. ...

Big Relief for India as Donald Trump Lifts 25% Tariff Linked to Russia Oil Imports

US President Donald Trump has given a big relief to India and removed the 25 percent tariff imposed on the purchase of oil from Russia. ...

Will India Stop Buying Russian Oil After US Trade Deal? Big Questions Emerge

The recent trade deal between India and America has raised a big question: Will India now stop buying oil from Russia? ...

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