131520361.jpg

Oil prices today: Crude falls as Hezbollah rejects US-backed ceasefire, traders assess conflict risks

Oil prices fell slightly on Friday as hopes for a ceasefire in the Middle East faded following Hezbollah’s rejection of a US-backed proposal in Lebanon.Brent crude slipped 0.22% to $95.24 a barrel, while US West Texas Intermediate (WTI) crude fell 0.11% to $92.94 a barrel in early trade.Despite Friday’s decline, both benchmark contracts were on…

Read More
1772729344 unnamed file.jpg

India seeks US-backed insurance cover for oil tankers as Middle East tensions threaten energy supplies

India is seeking support from the United States to secure marine insurance cover for vessels transporting oil from the Middle East, as the government looks to ensure continuity of energy supplies amid disruptions in the Strait of Hormuz, a senior oil ministry official told PTI.The move comes as the widening conflict in West Asia has…

Read More