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US President Donald Trump on Tuesday lashed out at allies over rising fuel prices, mocking the United Kingdom and other countries hit by disruptions in the Strait of Hormuz, telling them to “get your own oil” amid the ongoing Middle East conflict. He also criticised France as “unhelpful” with respect to the ‘Butcher of Iran,’…
A month into the Middle East conflict, global crude markets remain under strain, with prices rising nearly 50% since the United States and Israel launched strikes on Iran on February 28, triggering a strong response from Tehran. Oil prices had earlier surged to as high as $119 per barrel amid heightened tensions involving Iran, before…
Iran’s Hormuz chokehold has reshaped India’s oil purchase pattern, with a sharp drop in Gulf supplies this month pushing refiners towards Russia and smaller producers to keep supplies steady. So far in March, crude imports into the country are down 23% compared to February, according to shipping data and analyst estimates cited by ET. The…
The Middle East conflict has entered its third week and has reshaped how the globe fuels its oil pipelines. Iran’s disruption of the Strait of Hormuz has left many producers scrambling to find alternative ways to move crude to global markets. With tanker traffic through the strait nearly halted, attention has shifted to the Red…
Before the US and Israel even launched strikes, Iran had a plan ready, and it didn’t solely rest on conventional firepower. The country has been quietly preparing to turn the Strait of Hormuz, a vital artery for the world’s oil supply, into a strategic lever, according to sources cited by Reuters. Any disruption to the…
NEW DELHI: Leader of the opposition Rahul Gandhi accused the govt Wednesday of “completely surrendering” India’s core data, food and energy interests in the trade deal, in a sharp attack in Lok Sabha on PM Modi who, he alleged, had caved in to pressure due to the leverage that country has over him.Participating in the…
