Latest News, Updates & Breaking Headlines
Oil markets opened sharply higher, surging past the $100 per barrel mark once again after US President Donald Trump announced that a blockade of Iranian ports would begin from Monday (local time).US crude oil or WTI skyrocketed 8% to $104.24 per barrel, while Brent crude, the global benchmark, soared 7% to $102.29 in early trading.The…
Oil markets opened sharply higher, surging past the $100 per barrel mark once again after US President Donald Trump announced that a blockade of Iranian ports would begin from Monday (local time).US crude oil or WTI skyrocketed 8% to $104.24 per barrel, while Brent crude, the global benchmark, soared 7% to $102.29 in early trading.The…
TOI Correspondent from Washington: US President Donald Trump on Sunday announced that the US Navy will begin a blockade of the Strait of Hormuz with immediate effect after a high-stakes diplomatic mission led by the Vice President J.D. Vance ended without an agreement with Iran after night-long talks in Pakistan.“The Blockade will begin shortly. Iran…
The Middle East conflict, now in its sixth week, continues to send shockwaves across the world. From energy supply disruptions to rising fuel prices, several countries are being forced into emergency measures such as work-from-home policies and cost hikes. Meanwhile, the Gulf region is witnessing a split oil reality! While for some producers, soaring crude…
US President Donald Trump has mocked international allies over escalating fuel shortages, taunting nations to “keep the oil” as the Iran-Israel-US conflict enters its 36th day. In a sarcastic outburst, posted to Truth Social on Saturday, Trump wrote, “Keep the oil, anyone?” targeting countries like the UK that have expressed alarm over soaring energy prices…
Iranian blockade of Strait of Hormuz and the heavy price that global economy is paying these days bring back dark memories of a similar crisis that had enveloped the world nearly a decade after World War II had ended: the shutdown of the Suez Canal in the wake of a battle in which Egypt was…
The Indian-flagged LPG tanker Pine Gas had to wait nearly three weeks before it could safely pass through the Strait of Hormuz, after Iran began allowing ships through the narrow waterway only selectively. The vessel had loaded cargo at the United Arab Emirates’ Ruwais port on February 28, a day before attacks on Iran by…
A Russian-flagged tanker, the Anatoly Kolodkin, carrying an estimated 730,000 barrels of crude, is closing in on Cuba even as the United States tightens its de facto oil blockade on the island. Washington is weighing its options, with the possibility of interception looming, while Moscow signals defiance by making the shipment highly visible. What might…
A vessel appearing to pose as a scrapped oil tanker has signalled that it successfully crossed the Strait of Hormuz, in what appears to be the second “zombie ship” case in just days as shipowners look for ways to move cargo through the war-hit chokepoint.As per Bloomberg, a ship identifying itself as the Nabiin was…
People spend the night in the dark on the Malecon during a blackout in Havana, Cuba, Saturday, March 21, 2026. (AP Photo/Ramon Espinosa) A second power outage in five days— and the third this month — left Cuba without electricity on Saturday, with authorities later attributing it to an “unexpected failure” at a generating unit…
