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Last Updated:May 27, 2026, 02:09 IST As per analysts, even if Washington and Tehran reach an agreement and maritime traffic resumes normally, the structural damage caused by the conflict could take years to reverse. On Tuesday, Brent crude was trading around $96.50 per barrel, extending gains as concerns over long-term supply disruptions continued to dominate…
New Delhi1 hour ago copy link Crude oil supply across the world is still affected due to the closure of the Hormuz Route. Government oil company Indian Oil Corporation (IOCL) has crude oil stock of more than a month. The company said on Tuesday that despite the ongoing tension between America and Iran, there will…
New Delhi3 minutes ago copy link Crude oil supply across the world is still affected due to the closure of the Hormuz Route. Government oil company Indian Oil Corporation (IOCL) has crude oil stock of more than a month. The company said on Tuesday that despite the ongoing tension between America and Iran, there will…
Prime Minister Narendra Modi’s upcoming visit to the United Arab Emirates will prioritise strengthening India’s energy security and deepening strategic cooperation, the Ministry of External Affairs said on Tuesday, as escalating tensions in West Asia continue to disrupt global oil supply chains and shipping routes. “Modi’s UAE visit priority is to strengthen energy supplies,” MEA…
Last Updated:May 10, 2026, 9:33 PM IST PM Modi said ‘Covid-era practices’ like working from home and online conferences must resume as the world reels from the economic impact of the US-Iran war. PM Modi said WFH should be restarted amid the ongoing war in West Asia. Prime Minister Narendra Modi on Sunday made an…
The effect of the ongoing crisis in the Middle East and the resulting supply shortage has been that Russia’s share in India’s oil imports has once again increased. Russia has become India’s top oil supplier but this time the difference is that India is not getting Russian oil as cheap as before, but now it…
Due to shortage of gas in India, government oil and gas companies are now looking for supply options from new countries. In this series, Indian Oil Corporation, Bharat Petroleum Corporation Limited, Hindustan Petroleum Corporation Limited and GAIL (India) Limited are in talks to buy LPG and natural gas (LNG) from the government company Sonangol of…
An important virtual meeting is being held between Prime Minister Narendra Modi and the Chief Ministers of the states. This meeting has been called in view of the ongoing war in the Middle East and the threat of closure of the Strait of Hormuz. The objective of this meeting is clear, no matter how much…
Hindi News Business India Buys 60 Million Barrels Russian Crude For April Amid Israel Iran War & Hormuz Crisis New Delhi1 hour ago copy link Photo Credit-AI The crude oil supply chain has been badly affected due to the ongoing Israel-Iran war in the Middle East. To deal with this crisis, Indian refiners have decided…
Iran, which is fighting a war with America and Israel, has also turned the war into an opportunity. The US targeted military bases near Kharg Island, but did not directly target the oil terminal due to fear of a global oil crisis. Taking advantage of this, Iran has kept the Kharg terminal operational and has…