oil prices

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    Strait of Hormuz Disruptions Amid Iran Strikes

    April 6, New Delhi — On Monday, Israel carried out fresh strikes on Iran, targeting its largest petrochemical complex, as tensions escalated over the standoff in the Strait of Hormuz.The strikes targeted the South Pars facility in Assaluyeh, a key hub responsible for a significant portion of...
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    Iran-Israel Conflict Escalates: Ramat Gan Damage

    April 6, New Delhi — An Iranian missile struck the Israeli city of Ramat Gan on Monday, leaving behind debris and damage as emergency crews responded to the scene.Further aerial attacks were reported across the region on Monday, more than five weeks since the United States and Israel began...
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    Crude Oil Prices Surge as Hormuz Strait Remains Blocked

    New Delhi, April 6 Crude oil prices rose by Rs 91 to Rs 9,284 per barrel in futures trading on Monday, remaining near record levels, after US President Donald Trump warned of military strikes on Iran's power plants and other infrastructure if the Strait of Hormuz is not reopened.On the Multi...
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    Oil Output Increase Paused by Strait of Hormuz Instability

    April 06, New Delhi: Oil prices rose, bond prices declined, and Asian stocks showed mixed performance on Monday as U.S. President Donald Trump warned of targeting Iran's power plants and bridges if the Strait of Hormuz is not reopened by Tuesday.S&P 500 futures fell by 0.2%, while MSCI's...
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    Rising Oil Prices Due to Supply Disruption

    Oil prices started the day higher following the Easter holiday, as the ongoing U.S.-Israeli conflict with Iran continued to disrupt global oil supplies. Brent crude futures rose by 2.2 percent to $111.43 per barrel, while U.S. crude rose by 2.7 percent to $114.57 per barrel by 22:15 GMT.
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    Rising Oil Prices and Shipping Disruptions Linked to Iran Tensions

    Washington, April 6 – Global energy markets and supply chains are coming under pressure as tensions over Iran and the Strait of Hormuz escalate, with oil prices rising sharply and fears mounting over disruptions to one of the world’s most critical shipping routes.Oil prices climbed after US...
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    Jaishankar Discusses West Asia Conflict with Qatar and UAE Leaders

    New Delhi, April 5 External Affairs Minister S Jaishankar spoke with Qatari Prime Minister Sheikh Mohammed bin Abdulrahman bin Jassim Al Thani on Sunday to discuss the West Asia conflict and its impact on global energy supplies.The external affairs minister also had a phone conversation with...
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    US-Iran Conflict Impacts OPEC+ Production Decisions

    April 05, New Delhi: Key members of the OPEC+ alliance are scheduled to meet on Sunday to discuss production quotas for the month of May, as the ongoing U.S.-Iran conflict continues to unsettle global oil markets.The Voluntary Eight Group within the alliance, which includes major producers...
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    Supply Chain Disruptions: War in Iran Raises US Costs

    Washington, April 5 The war against Iran has begun to impact Americans, with Amazon announcing a fuel surcharge for its e-commerce deliveries and some airlines raising fees for checked baggage to offset higher fuel costs.The average price of gasoline in the US has increased to USD 4.09 per...
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    Shipping Passage Authorized as Iran Controls Strait of Hormuz

    Tehran, April 4 – Iran has authorized the passage of ships carrying essential and humanitarian goods through the Strait of Hormuz to its ports, the country's semi-official Tasnim news agency reported on Saturday.The report cited a letter, dated March 1, sent to Iran's Ports and Maritime...
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    West Asia Conflict Drives Global Oil Market Volatility

    April 03, New Delhi: Global oil markets are experiencing intense price fluctuations due to the ongoing conflict in the Middle East. Brent crude, the international benchmark, rose by 7.8% to $109.03 per barrel, briefly exceeding the $111 mark.Meanwhile, WTI crude oil futures for near-term...
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    Global Markets Decline Amid Rising Oil Prices

    April 03, New Delhi – The increase in oil prices is having a significant impact on global financial markets, with crude oil futures rising by over 60 percent since the start of the Iran war.At the same time, stock markets around the world have declined. In the United States, the S&P 500 has...
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    Fuel Price Hike in Pakistan Linked to Global Oil Market

    Islamabad, April 3 Pakistan has announced an unprecedented increase of 43 percent and 55 percent in the prices of petrol and high-speed diesel (HSD), respectively, in response to soaring global oil prices amid the US-Israel war on Iran.The government made the announcement on Thursday. The...
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    Crude Oil Futures Trading Reflects Rising Spot Demand

    New Delhi, April 2 Crude oil prices rose by ₹689 to ₹9,228 per barrel in futures trading on Thursday, as the escalating conflict in West Asia is causing severe disruptions in energy supply.On the Multi Commodity Exchange, crude oil for May delivery traded higher by ₹689, or 8.07%, at ₹9,228...
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    Government's Handling of West Asia Crisis Described as 'Remarkable'

    New Delhi, April 2 JD(U) MP Sanjay Kumar Jha commented on the ongoing situation in West Asia on Thursday, stating that the crisis was not caused by India or its government, but the Centre's management of the situation has been "remarkable."Speaking to reporters, Jha said that the crisis has...
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    Trump's Speech Fuels Market Uncertainty and Energy Price Surge

    Washington, April 2 – Global markets fell, and oil prices rose after US President Donald Trump signaled that the Iran conflict would continue for weeks, raising concerns about supply disruptions and prolonged economic fallout, according to American media reports.US stock futures declined after...
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    Jet Fuel Increase Provides Relief for Indian Airlines

    New Delhi, April 1 Aviation stocks were in the spotlight on Wednesday, with InterGlobe Aviation rising by 6%, after only a partial increase in jet fuel prices.InterGlobe Aviation, the parent company of IndiGo, started the trading day on a positive note, further rising by 9.84% to Rs 4,332 on...
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    India’s ATF Price Increase: Airlines Seek Relief Amid Global Oil Surge

    In New Delhi, on April 1, aviation turbine fuel (ATF) prices for domestic airlines were raised by 8.5 percent, instead of the expected doubling due to a surge in global oil prices driven by the war, even as prices for commercial LPG and premium petrol also increased.ATF, or jet fuel, for...
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    Crude Oil Futures Fall Amid Trump's Iran Comments

    New Delhi, April 1 Crude oil prices fell by more than 3 percent to Rs 9,265 per barrel in futures trading on Wednesday as investors booked profits after US President Donald Trump said the military could end its offensive against Iran in two to three weeks.On the Multi Commodity Exchange (MCX)...
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    US Tariffs and Geopolitical Risks Shape India's Rating Profile

    Mumbai, April 1 US tariff orders are likely to moderate India Inc's credit profiles in the second half of FY26, and the West Asia conflict, especially its duration, will play a crucial role in determining how it pans out in the future, rating agencies said on Wednesday.Crisil Ratings, which...
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