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Crude above $100: How countries are racing to streamline oil supplies as Strait of Hormuz crisis deepens

As tensions in the Middle East continue to boil, the ripple effects are being felt across global oil markets. Disruptions around the Strait of Hormuz, one of the world’s most vital oil transit routes, have thrown supply chains into uncertainty, prompting governments and refiners worldwide to rush in search of alternatives. The International Energy Agency…

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How ‘collapse’ of Trump’s tariff strategy led to US launching trade policy investigation – what it means for India

Donald Trump has cautioned trading partners against attempting to reopen or renegotiate these agreements. (AI image) The Donald Trump administration’s move to launch investigations into the trade practices of sixteen economies, including India, sends the signal that the US trade policy is entering a new phase. On March 11, 2026, the Office of the United…

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West Asia crisis fallout: Shipping companies start refund of extra charges to exporters

NEW DELHI: Days after a diktat by the maritime regulator against overcharging, shipping companies have started refunding additional charges to exporters.An industry executive said that some of the companies have started issuing credit notes to exporters for vessels that had reached their destination before the West Asia conflict broke out on Feb 28. “These were…

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Gulf crisis fallout: US temporarily allows sale of some Russian oil

The United States has temporarily permitted the sale of Russian oil already in transit, according to a treasury department notice issued on Friday. This comes as energy prices surged following US-Israeli strikes on Iran that pushed the Middle East into war.The treasury granted a license allowing transactions involving Russian crude oil and petroleum products loaded…

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