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The Middle East crisis has left oil markets on edge, and the volatility is expected to continue. Prices are likely to stay high, even as forecasts vary on how long the surge will last, with the ongoing conflict still disrupting global supplies. Prices edged lower on Friday but held firmly above the $100 mark, reflecting…
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…
The Iran war has entered its fourth week and global oil markets are showing a clear split with actual fuel supply prices are rising much faster than widely tracked oil futures. Brent crude, the global benchmark, has jumped over 50% to around $112 a barrel following the near-complete closure of the Strait of Hormuz and…
NEW DELHI: Following a temporary waiver issued by the US administration on sanctioned Iranian oil stranded at sea, Indian refiners on Saturday said they would be keen to buy the crude, even as Tehran maintained that no surplus stocks existed.US treasury secretary Scott Bessent announced the waiver on Friday, saying that by temporarily unlocking this…
India is preparing a contingency plan to evacuate its ships currently stuck in the Persian Gulf. (AI image) Looking to secure crucial energy supplies amidst the Middle East crisis and US-Iran war, India is readying a plan to get ships safely through the Strait of Hormuz. India is preparing a contingency plan to evacuate its…
United Airlines will cut more unprofitable flights over the next two quarters as it braces for a prolonged period of elevated jet fuel prices linked to the war involving Iran. However, strong travel demand continues to allow US carriers to raise fares.In a staff memo on Friday, chief executive Scott Kirby said the airline is…
The United States is fighting Iran on the battlefield, and turning to its oil to keep the global economy afloat. As war in the Middle East chokes supplies through the Strait of Hormuz and sends prices soaring, the Donald Trump administration has begun easing restrictions on Iranian crude, allowing allies to buy the very resource…
As the US temporarily eases sanctions on Iranian oil imports, Indian refiners are eyeing a resumption of crude purchases from Tehran.According to Reuters, several Indian refining companies are awaiting government direction and clarification from Washington on payment terms before finalising shipments. Watch HUGE VICTORY For Iran? U.S. Forced To Lift Oil Sanctions Under Global Pressure;…
India has not imported crude oil from Iran since mid-2019, after the United States withdrew sanctions waivers. (AI image) Will India get access to Iran crude oil after over 6 years? Amid the raging Middle-East conflict and rising oil prices, the Donald Trump administration has announced a temporary relaxation of sanctions on Iranian oil. This…
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…
