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Russia said on Friday that the global energy market “cannot remain stable” without its oil after the United States temporarily allowed the sale of Russian crude already in transit, a move that came as energy prices surged amid the escalating war involving Iran, Israel and the US.Russia’s economic envoy Kirill Dmitriev said the US decision…
The effects of this situation will vary across countries, with some economies facing greater strain while others could see limited gains. (AI image) The US-Israel-Iran war has lasted for over 10 days – and with no signs of either side relenting the global economy is feeling the ripple effects of conflict. The economic fallout from…
NEW DELHI: India’s oil purchases from Russia have increased by nearly 45% in March, rising from around 1 million barrels a day (mbd) in Feb to 1.5 mbd in the first 11 days of the month.With transit through the Strait of Hormuz disrupted since the beginning of the conflict 12 days ago, supplies from oil-rich…
NEW DELHI: Crude imports from Russia remained at the top of India’s oil basket despite US warning New Delhi against purchases from Moscow and the Trump administration later levying an additional 25% penal tariff.Indian oil purchases from Moscow picked up in 2023, soon after the Ukraine war broke out and Russian crude became available at…
NEW DELHI: US President Donald Trump on Saturday downplayed reports that Russia may have shared intelligence with Iran to help target American forces in the Middle East, saying such information was “not helping Iran much” as the conflict continues to escalate.Speaking to reporters aboard Air Force One while travelling to Miami, Trump suggested that even…
NEW DELHI: India never stopped sourcing crude from Russia, government sources said on Saturday, despite US President Donald Trump’s linking the withdrawal of a 25% penalty tariff in the proposed trade deal framework to New Delhi’s purported pledge to halt such purchases. Sources said India has never depended on permission from any country to buy…
Defense Secretary Pete Hegseth listens during the inaugural Americas Counter Cartel Conference at U.S. Southern Command in Doral, Fla., Thursday, March 5, 2026. (AP Photo/Rebecca Blackwell) Reacting to reports that Russia is providing intelligence to Iran amid the Middle East conflict, US secretary of war Pete Hegseth stated that the United States has the “best…
Russia on Friday said it would not disclose details of Russia’s crude oil exports to India, citing security and geopolitical concerns amid heightened tensions in global energy markets, reported PTI.Kremlin spokesman Dmitry Peskov said Moscow would keep the figures confidential and would not release quantitative information about oil shipments to India.“No, of course, we’re not…
Russia has been providing Iran with real-time intelligence on the locations of American military assets in the Middle East, including warships and aircraft, potentially helping Tehran target US forces during the ongoing conflict, according to a report citing officials familiar with the intelligence.According to The Washington Post, three officials said Moscow has shared information on…
The disruption of Middle East energy supplies due to the Iran war is pushing global oil and gas prices higher, a development that could strengthen Russia’s finances and indirectly support its war effort in Ukraine.Rising energy prices are increasing the revenue Russia earns from oil and gas exports – a key pillar of the Kremlin’s…
