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News explainers 60 Days, No Punitive Tariffs: What Trump’s Sanctions Waiver On Russian Oil Means For India Last Updated:October 18, 2026, 3:46 PM IST India is temporarily shielded from steep additional U.S. tariffs and trade restrictions that were scheduled to bite under the new legislation just ahead of an impending deadline US President Donald Trump…
The United States on Tuesday revoked, with immediate effect, a sanctions’ waiver that had allowed the purchase of Iranian oil without attracting US penalties, saying its ceasefire agreement with Tehran was “entirely performance-based” and that Iran had failed to uphold its commitments after attacks on commercial vessels in the Strait of Hormuz prompted fresh American…
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:May 17, 2026, 12:09 IST War in West Asia and Strait of Hormuz closure reshape India trade, Singapore tops UAE as export hub, new energy import partners rise, rupee weakens, fuel prices and duties increase Hormuz Crisis Reshapes India Trade: Singapore Overtakes UAE As No. 2 Export Market. India’s trade patterns have started changing…
Last Updated:May 11, 2026, 4:16 PM IST Discussions are reportedly underway between the finance and petroleum ministries and oil marketing companies over a possible fuel price hike amid the US-Iran deadlock. PM Modi’s call for reduced fuel usage has raised concerns of a price hike. (Representational Image) Prime Minister Narendra Modi’s appeal to citizens to…
Last Updated:March 22, 2026, 12:12 IST Aqua Titan and Pyxis Pioneer reach New Mangalore Port as Hormuz closure and US Israel Iran conflict disrupt routes, while India-Iran ties keep Indian vessels moving. The tanker, carrying Russian crude oil, was originally headed for China but made a U-turn earlier this week in Southeast Asian waters. (X/ANI)…
Last Updated:March 10, 2026, 9:14 PM IST Union minister Hardeep Singh Puri said the central government is taking measures to ensure 100% supply of CNG and piped natural gas to domestic consumers A delivery staff unloads LPG cylinders from a truck at a distribution point in Mumbai on March 10, 2026. (Image: AFP) Petroleum and…
Last Updated:January 24, 2026, 8:35 PM IST Bessent said that before Russia’s invasion of Ukraine, Russian oil made up only 2–3 per cent of India’s total imports. After the invasion, the share rose to 18–19 per cent. US Treasury Secretary Scott Bessent. (Photo: AFP file) As India and the European Union move closer to concluding…
Last Updated:September 24, 2025, 15:14 is Goyal also said that India continues to provide “huge amount of talent and innovation” to the US. Union Minister of Commerce and Industry Piyush Goyal delivers the keynote address at an event titled ‘Energy Security in a Shifting Global Landscape: Building Resilient Energy Markets Across Borders’, in New York,…