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Last Updated:June 18, 2026, 8:43 PM IST For India, the US-Iran truce offers benefits on three fronts — energy security, maritime trade and regional connectivity. Before US sanctions forced Indian refiners to halt purchases in 2019, Iran was one of India’s top oil suppliers, accounting for around 10 per cent of crude imports. (Photo: AI-generated)…
Lower oil prices from the deal could reduce India’s energy import bill and current account deficit, easing pressure on the rupee. Source link [ad_3]
Last Updated:May 19, 2026, 11:25 PM IST The move comes after India’s successful rollout of the E20 blending and signals the government’s intention to further increase ethanol content in petrol in the coming years. Officials have said higher ethanol blending can help reduce dependence on imported crude oil, lower emissions and support domestic sugarcane and…
Last Updated:May 17, 2026, 11:45 IST West Asia crisis shuts Strait of Hormuz, crude tops 100 per barrel, India faces supply hit and forex strain, has 60 days oil cover. India currently depends on two major underground LPG storage caverns to strengthen its energy security, apart from inventories maintained by refiners. The West Asia crisis…
Last Updated:May 15, 2026, 11:16 PM IST Iran FM Abbas Araghchi urges India to play a greater peace role in West Asia, blames US mistrust for stalled talks, offers to resume oil exports and backs Chabahar Port development Iranian Foreign Minister in BRICS foreign ministers’ summit in New Delhi. (Image: ANI) Iranian Foreign Minister Abbas…
Last Updated:May 15, 2026, 12:31 IST Narendra Modi begins six day tour of UAE, Netherlands, Sweden, Norway and Italy, focusing on strategic ties, trade, energy, defence, technology and regional security Prime Minister Narendra Modi emplanes for Abu Dhabi on the first leg of his five-nation tour. (Source: PTI) Prime Minister Narendra Modi on Friday embarked…
PM Modi’s UAE Visit: Prime Minister Narendra Modi flies to United Arab Emirates on May 15 at a tense moment for global fuel security. The US-Israel war on Iran has rattled shipping lanes in the Middle East. Insurance costs are up. Freight is uncertain. Oil traders are nervous. The Strait of Hormuz, the world’s most critical…
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…
Last Updated:April 09, 2026, 2:41 PM IST Tharoor said that India “can’t afford to be passive observers in a raging fire” as the West Asia conflict impacts its strategic interests, including energy security. A file photo of Congress MP Shashi Tharoor (PTI) Congress MP Shashi Tharoor said India cannot afford to remain disengaged as the…
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…