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Last Updated:June 10, 2026, 07:38 IST Crude oil nears 90 per barrel as IRGC drone attack on US Navys Fifth Fleet in Bahrain escalates tensions, shattering ceasefire hopes and stoking global energy crisis fears WTI and Brent oil prices surged $89 and $92 per barrel, respectively. Crude oil prices rose near $90 per barrel following…
Last Updated:June 08, 2026, 1:33 PM IST Hardeep Singh Puri said India had managed to keep fuel prices under control despite major global disruptions and challenges in energy supplies. Union Minister for petroleum and natural gas Hardeep Singh Puri (File photo) Union Petroleum Minister Hardeep Singh Puri on Monday said protecting consumers remains a key…
Last Updated:June 08, 2026, 13:15 IST 100 days of US-Israel-Iran war: The US-Israel campaign aimed at regime change & elimination of nuclear infrastructure in Iran has spiralled into a regional war impacting the world 100 days on, the US-Israel-Iran war shows no signs of ending. (Reuters) The US-Israel war on Iran has reached its 100-day…
US President Donald Trump on Sunday said Washington would not rush into a peace agreement with Iran, signalling that key disputes remain unresolved despite recent optimism over negotiations aimed at ending the three-month conflict in the Gulf region. US President Donald Trump also strongly defended his administration’s ongoing negotiations with Iran, saying the proposed agreement…
Last Updated:May 24, 2026, 5:11 PM IST The reported agreement between the US and Iran includes a 60-day ceasefire extension, during which the Strait of Hormuz would be reopened. Iran said shipping through the Strait of Hormuz would resume in 30 days. (Reuters/File Image) The United States and Iran are reportedly moving closer to striking…
Last Updated:May 19, 2026, 3:18 PM IST Global bond markets slump as Iran-US war, record oil prices and surging US Treasury yields spur inflation fears, foreign selling of Treasuries, and a shift into booming US equities Bond market is witnessing sharp selloff following Iran-US war The global bond market is under pressure amid the geopolitical…
Last Updated:May 12, 2026, 3:15 PM IST 2026 oil crisis: Many nations have gone beyond appeals and have mandates such as fuel rationing, compulsory work-from-home, fuel caps, lower speed limits, and travel curbs Prime Minister Narendra Modi. During this global crises, governments are routinely urging citizens to cut consumption, reduce travel, and conserve energy. PM…
The current energy shock may feel sudden, but for China, it is anything but unexpected. Long before tensions escalated in the Middle East, Beijing had already begun reworking its energy strategy to withstand exactly this kind of disruption. According to a report by The New York TimesChina steadily built up oil stockpiles, expanded renewable energy…
Amidst the ongoing war in the Middle East, countries of the world are facing a huge shortage of oil and gas. In such a situation, India is being supported by the supply of Russian oil and gas. Now Russia has once again proposed to increase the supply of crude oil and natural gas to its…
Last Updated:March 31, 2026, 6:56 PM IST The country’s minister said that all civil servants will work from home every Friday as part of broader energy-saving measures. Motorcyclists queue to refuel at a gas station operated by Pertamina, Indonesia’s state-owned oil and gas company, as the closure of the Strait of Hormuz by Iran disrupts…