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Strait Of Hormuz Disruption: ‘Gained non-competitive advantages’: Rosneft chief says US energy companies were biggest winners from Hormuz disruption

Rosneft chief executive Igor Sechin on Saturday said American energy companies were the biggest beneficiaries of the closure of the Strait of Hormuz, while warning that prolonged disruption in the vital shipping route could ultimately undermine global oil demand and accelerate interest in alternative energy sources, as per Reuters.Speaking at the St. Petersburg International Economic…

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‘Indecorous behaviour’: India condemns disruption at CJI Surya Kant’s UK speech | India News

NEW DELHI: The High Commission of India in London on Friday condemned what it described as “indecorous audience behavior” during Chief Justice of India (CJI) Surya Kant’s lecture at Birkbeck College, after videos surfaced online showing an attendee attempting to raise questions about dissent and democracy in India during the event.“Such indecorous audience behavior is…

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Ravi Bridge reopens: After long months of disruption, Jammu Rail Services are back on track; here’s what it means for travellers |

In a recent update, Jammu Rail Services are back on track, restoring one of northern India’s most significant rail corridors. This is welcoming news for those heading to Jammu and Kashmir. It had been almost nine months since the flood had damaged the bridge. The restoration follows the successful repair of Railway Bridge No. 17…

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EAM’s bilateral with Iran’s Araghchi on Friday, energy disruption & connectivity on agenda | India News

External affairs minister S Jaishankar will host his Iranian counterpart Seyed Abbas Araghchi on Friday for bilateral talks, hoping to address some of India’s concerns related to energy and connectivity. While the ministers have spoken on multiple occasions since the conflict in the West Asia region started on February 28, this will be their first…

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Middle East crisis: Asia faces bunker fuel crunch amid Strait of Hormuz disruption, raises cost concerns

The disruption in the Strait of Hormuz amid the Iran conflict has triggered a major disruption in the supply of bunker fuel for Asia, the heavy residual oil that powers most of the world’s cargo ships. It has raised concerns over higher freight costs, supply chain disruptions and rising consumer prices globally.Bunker fuel, a thick…

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Move over TACO, NACHO takes over: Trump earns new nickname amid oil disruption from Strait of Hormuz blockade

US President Donald Trump has earned a new nickname as tensions over Iran and the Strait of Hormuz fuel fresh market and political commentary. Analysts are now moving from the earlier ‘TACO’ label for US President to a new term ‘NACHO’.The shift comes amid ongoing blockade between the Trump administration and Iran over control and…

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Shipping ministry identifies 40 priority vessels, suggests Oman route amid Hormuz disruption

New Delhi: With no sight of the Strait of Hormuz (SoH) opening for commercial traffic in near future, shipping ministry has shared a list of around 40 India-bound “priority vessels” with the external affairs ministry, suggesting the option of evacuating them through territorial waters of Oman. Oman’s territorial waters is on the south of SoH…

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Oil Prices: Oil prices today: Crude falls as upcoming US-Iran talks offsets supply disruption fears

Oil prices declined on Tuesday, reversing sharp gains from the previous session, as expectations of imminent US-Iran peace talks eased concerns over prolonged supply disruptions from the Middle East.Brent crude futures fell 95 cents, or 1%, to $94.53 per barrel, while US West Texas Intermediate (WTI) crude for May dropped $1.54, or 1.72%, to $88.07….

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