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6 minutes ago copy link Till six months ago, it was very easy for Gulf countries to sell oil. Extract oil at the lowest cost, transport it to the world through the Strait of Hormuz and sell it to the countries paying the highest price. But this model has changed after the war with Iran….
Last Updated:July 01, 2026, 4:01 PM IST Vance said the Trump administration is using the post-war lull to stabilise global oil markets while keeping both diplomatic and military options firmly on the table. Vance said the Trump administration is using the post-war lull to stabilise global oil markets while keeping both diplomatic and military options…
Global oil prices fell sharply after reports of an Iran-US peace agreement. Brent crude dropped 3.4% to $87.30 per barrel, while WTI crude declined 3.2% to $84.88, as traders priced in reduced geopolitical risk and the potential return of Iranian oil supplies to global markets. -news n18oc_world Source link [ad_3]
Last Updated:June 12, 2026, 08:10 IST S Jaishankar says India began buying cheaper Russian oil in 2022 at US request to stabilise global prices, rejects moralising and calls criticism hypocritical External Affairs Minister S Jaishankar attends the Session III: Emerging Powers and the New Geopolitical Competition of the annual Kultaranta Talks at the Finnish President’s…
Last Updated:June 07, 2026, 7:55 PM IST OPEC+ will raise July oil quotas by 188,000 barrels per day, but analysts say Middle East tensions and Strait of Hormuz disruptions limit price impact and risk future oversupply. OPEC+ will raise July oil quotas by 188,000 barrels per day, but analysts say Middle East tensions and Strait…
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…
There has been turmoil in the global oil market after the closure of the Strait of Hormuz. At a time when the oil supply of Middle East countries was affected, Venezuela has suddenly emerged as India’s third largest crude oil supplier. According to energy tracking data Kepler, Venezuela has overtaken both Saudi Arabia and the…
The ongoing tension in West Asia is still affecting the entire world. Meanwhile, it has come to light that the prices of petrol and diesel may increase once again. This increase is likely to happen before 15. According to sources, due to the ongoing conflict in West Asia, there has been a huge jump in…
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 increased rhetoric between America and Iran, crude oil prices have again crossed $ 110 per barrel today. After US President Donald Trump threatened to make Iran a hell, Iran has talked about stopping the global supply. Due to this, the price of one barrel of Brent crude has increased by $1.71 to reach…