Latest News, Updates & Breaking Headlines
NEW DELHI: A Liberian-flagged ship, “captained by an Indian national”, loaded with crude oil from the Saudi port of Ras Tanura has arrived at the port of Mumbai, via the Strait of Hormuz, Mumbai Port Trust has informed.Tanker Shenlong Suezmax, allegedly carrying approximately 135,335 metric tonne (or roughly 1 million barrels) of crude oil, had…
A US-owned oil tanker Safesea Vishnu, sailing under the Marshall Islands flag, was attacked near Basra in Iraq on Wednesday, claiming the life of an Indian crew member. Another ship, Malta-flagged ‘Zefyros’ owned by a Greek entity, was also attacked.Safesea Vishnu was chartered by an Iraqi company contracted with the State Organisation for Marketing of…
NEW DELHI: Iran on Wednesday attacked a US-owned crude oil tanker, “Safesea Vishnu,” near Iraq’s Basra, killing one Indian national.A video published by Europa Press appears to show the moment the tanker is struck after a sudden impact. The night-time footage shows the vessel set ablaze after it was reportedly hit by underwater drones.Meanwhile, the…
NEW DELHI: A crude oil tanker that passed through the Strait of Hormuz has arrived at Mumbai Port, becoming one of the first vessels to reach India via the critical route amid escalating tensions in the Middle East. According to the Mumbai Port Trust, the Liberia-flagged tanker Shenlong Suezmax, captained by an Indian national and…
Oil price today: Oil prices surged more than 9% on Thursday, climbing back above the $100-a-barrel mark as fresh strikes on energy supplies and infrastructure in the Middle East heightened fears of major disruptions, overshadowing a record release of crude from strategic reserves aimed at calming markets.Brent Crude jumped 9.3% to $100.50 per barrel, while…
Confirmed, deleted, and then clarified. After Donald Trump‘s aide claimed in a boastful tone that the American navy had “successfully escorted” an oil tanker through the troubled Strait of Hormuz, the post was quickly deleted. The White House later clarified that the United States had not escorted any oil tanker through the key waterway, which…
White House spokesperson Karoline Leavitt Tuesday clarified that US Navy did not escort a tanker through the Strait of Hormuz at this time but added that it remains an option that the president will utilize if and when necessary. Hours before Leavitt’s press conference, US energy secretary Chris Wright claimed that the US military provided…
US stock markets fell on Thursday as investors turned cautious after the previous session’s rally, while rising oil prices and geopolitical tensions weighed on sentiment.The Dow Jones Industrial Average dropped 801 points, or 1.6 per cent, dragged down by losses in stocks such as Caterpillar and Goldman Sachs. The S&P 500 declined 0.9 per cent,…
A Russian liquefied natural gas (LNG) carrier, the Arctic Metagaz, has sunk in the central Mediterranean between Libya and Malta after a “sudden explosion” triggered a massive blaze on board, Libya’s ports and maritime transport authority said on Wednesday.They added that all 30 crew members were rescued in nearby Libyan waters.Libya’s ports and maritime transport…
Indian firms on Tuesday curtailed natural gas allocations to industrial consumers amid expectations of supply constraints. (AI image) Middle East war impact: Indian buyers of liquefied natural gas are currently looking at alternative sourcing strategies to make up for disrupted supplies from Qatar, after the Gulf producer halted output in the wake of an Iranian…
