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Last Updated:May 03, 2026, 3:12 PM IST What calculation was Trump making? Can’t the oil wells just be shut off? Can they really explode? News18 explains Iran produces about 3 to 3.2 million barrels of oil daily. (AI generated for representation) In a recent Fox News interview amid the Iran war, US President Donald Trump…
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…
Last Updated:March 13, 2026, 9:37 PM IST President Trump declined to discuss the US occupying Kharg Island, calling it inappropriate and not a high priority. The island is key for Iran’s oil exports. US President Donald Trump (AFP) During a radio interview with Brian Kilmeade, US President Donald Trump declined to directly respond to a…
Last Updated:March 03, 2026, 12:52 IST Analysts say the duration of the refinery shutdown will be key in determining the trajectory of Brent prices Crude Oil Crude oil prices have surged as Iran exchanges missile and drone strikes with the US and its long-time adversary Israel, intensifying fears of a wider Middle East conflict. The…