Latest News, Updates & Breaking Headlines
Oil prices climbed further on Monday after the US administration signalled that the Middle East crisis may persist for several more weeks, raising concerns over prolonged disruptions to global energy supplies. Donald Trump also called on other countries to help secure the Strait of Hormuz — one of the world’s most crucial routes for oil…
The International Energy Agency (IEA) said on Sunday that strategic oil reserves will be released “immediately” in Asia and Oceania, while supplies from member countries in the Americas and Europe will begin flowing from the end of March, as governments move to cushion the oil shock caused by the ongoing West Asia war.As per news…
Amid the ongoing conflict in the Middle East, the United States has upped the ante against Iran by carrying out heavy airstrikes on Kharg Island — Iran’s economic lifeline and a strategic defense point in the Persian Gulf.During the recent attacks, the US forces conducted airstrikes on military installations on Kharg Island, including missile storage…
The International Energy Agency’s decision to release 400 million barrels of emergency oil stocks, the largest reserves drawdown in its history, is likely to provide only limited relief if the Strait of Hormuz remains closed, according to an analysis by S&P Global Energy, as global markets continue to reel from the supply shock triggered by…
File photo: Union minister Piyush Goyal Union minister Piyush Goyal on Saturday said India is well placed to handle any disruption in crude oil and fuel supplies despite the worsening Middle East crisis, asserting that there has been “absolutely no disturbance” in petrol, diesel or aviation fuel availability, while also indicating that the government will…
The Middle East crisis is no longer just a geopolitical standoff, rather it has now escalated into a full-scale war zone, with the potential to send shockwaves through multiple economies. Analysts have warned that the US and Israel’s attack on Iran could carry direct consequences for consumers and the broader economy. At the heart of…
Iranian foreign minister said on Saturday that the Strait of Hormuz remains open to all countries except its “enemies”- United States and Israel- following US airstrikes on its Kharg Island oil hub.“As a matter of fact, the Strait of Hormuz is open,” FM Abbas Araghchi said.“It is only closed to the tankers and ships belong[ing]…
Smoke rises from the US embassy building in Baghdad, Iraq (Picture credit: AP) The US-Israel war on Iran entered its 15th day on Saturday with the conflict spilling further across the Gulf, as Iran struck the US embassy compound in Baghdad, targeted a major oil storage hub in the UAE, and intensified drone and missile…
The persistence and sustainability of high oil prices will play a key role in shaping the scale of the economic impact on countries. (AI image) Inflation at a benign 2.2% and growth at 8.0% in the first half of 2025-26 present a rare goldilocks period – that’s what RBI governor Sanjay Malhotra said in the…
Gold prices have slipped in recent sessions even as geopolitical tensions escalated in West Asia, surprising investors who typically view the precious metal as a safe-haven during periods of uncertainty.It has been 14 days of intense military exchanges involving the United States, Israel and Iran. Over this period, benchmark indices Nifty and Sensex have declined…
