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washington dc49 minutes ago copy link The Strait of Hormuz reopened this week after the Iran-US agreement. However, the world is still not completely out of the oil crisis. According to the report of analytics firm Kpler, in about four months of the war, the supply of 115 crore barrels of oil has disappeared from…
Last Updated:March 25, 2026, 9:32 PM IST With the blockade of the Strait of Hormuz, which normally carries around 20 million barrels of oil per day, the net drop in global supply is at 11 million barrels per day A ‘no stock’ sign is displayed on a pump at a petrol station in Hyderabad on…
Amidst the crude oil supply crisis, the Sri Lankan government has increased the prices of petrol and diesel by up to 25%. After the increase today i.e. on March 22, the price of regular petrol in Sri Lanka has increased by 81 Sri Lankan rupees to 398 rupees per liter. Whereas diesel has become costlier…
Last Updated:June 22, 2025, 22:20 is The Strait of Hormuz is one of the world’s most important oil transport chokepoints, carrying about one-fifth of the global oil output Union Minister of Petroleum and Natural Gas Hardeep Singh Puri. Union Minister for Petroleum and Natural Gas Hardeep Singh Puri on Sunday assured citizens that India’s fuel…