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Union Finance Minister Nirmala Sitharaman has made it clear that India cannot suddenly stop buying crude oil from Russia nor can it immediately shift to other suppliers. He said that this is necessary to meet the needs of 140 crore people. At the ‘BusinessLine Changemaker Awards’ on Tuesday, Sitharaman said that if India stops taking…
News world Iran And Oman Strike Landmark Deal To Secure Strait Of Hormuz—But Full Reopening Still Hinges On US Actions Last Updated:August 16, 2026, 05:34 IST Iranian officials emphasise that mapping shipping routes does not mean the narrow waterway will immediately reopen to unrestricted global traffic Tehran maintains that restoring full commercial navigation remains contingent…
Last Updated:July 27, 2026, 6:43 PM IST Iran’s Foreign Ministry states that the country is “not engaged in any negotiations with the United States”. US President Donald Trump and Iran’s Supreme leader Mojtaba Khamenei (Photos: AFP) Iran has rejected US President Donald Trump’s claim that negotiations between Washington and Tehran are underway, with its Foreign…
The situation in the Middle East does not seem to be improving. The Strait of Hormuz is closed due to the US-Iran war and due to the blockade of the sea route by Houthi rebels for Saudi influence, concerns regarding exports through the Red Sea have reached their peak. The effect of all this is…
Last Updated:June 27, 2026, 6:06 PM IST Both the US and Iran accused each other of violating the peace deal reached two weeks ago as they traded strikes in the worst escalation since June 17. The Strait of Hormuz is one of the most crucial parts in the US-Iran deal. (Reuters/File) West Asia is once…
The United States is reportedly considering ending the waiver on Russian oil-related sanctions, a move that could have significant global economic and geopolitical implications. One of the key concerns is how this decision may impact India, which continues to import discounted Russian crude to meet its energy needs.In this video, we decode what the potential…
Last Updated:May 04, 2026, 07:37 IST Oil prices fall as Donald Trump launches Project Freedom to escort ships through the Strait of Hormuz, easing tensions and lifting Asian markets including KOSPI, Nikkei etc. The West Asia crisis has created a large scale disruption across industries in India Global oil prices eased after President Donald Trump…
What Pakistan said and what Pakistan showed are now two very different stories — and it took a Facebook post by Robert Kiyosaki, US entrepreneur and author of Rich Dad Poor Dad, to bring that gap into clearer perspective. As oil routes tighten and prices rise amid Middle East conflict, the gap between what officials…
Last Updated:April 25, 2026, 08:33 IST With exports disrupted, oil is still flowing into storage at roughly one million barrels per day, meaning capacity could run out in less than two weeks Since the 1960s, Kharg has become the backbone of Iran’s energy exports and a key link between Iranian oil fields and global markets….
Last Updated:April 13, 2026, 11:04 IST Trump plans naval blockade in already restricted Hormuz: What does it mean for India? News18 explains the ‘oil war’ and strategies in FAQs The US wants to use it to pressure Iran. (AP File) Tensions are on the rise again as the recent peace talks between Iran and the…