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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…
RANCHI: Stuck at the Persian Gulf for 20 days after Iran shut down the Strait of Hormuz, Rakesh Ranjan Singh, an Indian merchant navy captain tasked with steering an oil tanker out of the strait, died on March 18, after suffering a heart attack in the vessel, his family said on Friday.Singh, 47, was on…
The price of bulk diesel sold to industrial users was hiked by about Rs 22 a litre on Friday, reflecting the spike in global oil prices amid conflict in the Middle-East, even as the rates of normal petrol and diesel remained unchanged.In Delhi, bulk or industrial diesel prices were raised from Rs 87.67 per litre…
The United States on Thursday approved $16.46 billion in military sales to the United Arab Emirates and Kuwait, as Gulf states contend with the fallout from the ongoing conflict with Iran.The move follows sustained missile and drone attacks by Iran in response to last month’s US-Israeli air strikes, which have caused casualties and damage across…
File photo: US treasury secretary Scott Bessent (Picture credit: AP) The Trump administration is considering lifting sanctions on around 140 million barrels of Iranian oil currently stranded on tankers in a bid to boost global supply and cool surging crude prices, as the war in the Gulf continues to hammer energy infrastructure and disrupt shipping…
The Centre has classified key energy data as a matter of national security and directed all entities across India’s oil and gas value chain to submit detailed operational information, as the government moves to tighten oversight of supplies disrupted by the ongoing Middle East war.The oil ministry has issued the Petroleum and Natural Gas (Furnishing…
Global oil and natural gas prices surged sharply on Thursday after Iran launched fresh strikes on key energy infrastructure across the Gulf, including Qatar’s main liquefied natural gas (LNG) facility, raising concerns over prolonged supply disruptions.Brent crude, the international benchmark, climbed close to $114 per barrel, up from below $73 on the eve of the…
Saudi Arabia’s Foreign Minister Prince Faisal bin Farhan Saudi Arabia’s on Thursday said, the “little trust” Iran had rebuilt with its Arab neighbours was now “completely shattered” after a series of attacks across the Gulf. Speaking in Riyadh after an emergency meeting of Arab nations to address the severe regional escalation, Saudi Arabia’s Foreign Minister…
CBSE announces new marking scheme for Class 10 students in Middle East after exam cancellation amid Iran vs US-Israel war In a major academic shift triggered by ongoing geopolitical tensions amid Iran vs US-Israel war, the Central Board of Secondary Education (CBSE) has rolled out a revised assessment scheme for Class 10 students across the…
Fundamentally, remittances are cross-border money transfers to support families back home. (AI image) ‘Gulf se paisa aaya hai’ – it’s a common statement in several households across India whose family members work in the Middle East countries. But will this money keep flowing in as much as it does in the wake of the US-Iran…
