oil prices

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    Jaishankar, Rubio Discuss West Asia Conflict and Energy Security

    New Delhi, March 23 External Affairs Minister S Jaishankar spoke with US Secretary of State Marco Rubio on Monday to discuss the impact of the West Asia conflict on the global economy, with a particular focus on energy security.The Jaishankar-Rubio phone conversation came hours after US...
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    Jaishankar, Rubio Discuss West Asia Conflict and Energy Security

    New Delhi, March 23 External Affairs Minister S Jaishankar spoke with US Secretary of State Marco Rubio on Monday to discuss the impact of the West Asia conflict on the global economy, with a particular focus on energy security.The Jaishankar-Rubio phone conversation came hours after US...
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    Strait of Hormuz at the Heart of Iran Negotiations: Trump's Claims vs. Iranian Response

    New York, March 23 – President Donald Trump on Monday expressed optimism about an imminent resolution to the Iran War, citing major points of agreement in talks, while Tehran signaled that no negotiations were taking place.Trump told reporters that “we have points, major points of agreement, I...
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    Potential Deal with Iran Could Impact Middle East Stability

    Washington, March 23 – President Donald Trump said on Monday that negotiations with Iran could lead to long-term stability in the Middle East, a region vital to global energy supplies and home to millions of expatriates.Speaking to reporters during a tarmac exchange in Miami, Florida, Trump...
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    Middle East Tensions: Trump Postpones Strike Amid Negotiations

    New York, March 23 – Saying that Iran and the US were having “very good and productive” negotiations, President Donald Trump walked back on his threat to bomb Iran’s power infrastructure by Monday night, and extended the deadline by five days.Iran, which had previously said it was not seeking...
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    Oil Price Drop Offers Relief for India Amidst Gulf Tensions

    Washington, March 23 – Oil prices fell, and markets rallied after President Donald Trump postponed strikes on Iran, a development closely watched in India for its economic impact.Trump, in a Truth Social post, said that the United States would hold off on attacks on Iranian energy...
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    China Raises Fuel Prices Amidst Supply Concerns

    Beijing, March 23 China has increased retail fuel prices as part of preparations for a fuel crisis amid concerns that the US-Israel-Iran war may prolong, leading to shortages of gasoline and diesel.China's top planning body, the National Development and Reform Commission (NDRC), has announced...
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    Crude Oil Futures Decline Amid Geopolitical Easing

    New Delhi, March 23 Crude oil prices reversed early gains on Monday, hitting the lower circuit after declining by 9 per cent to Rs 8,431 per barrel in futures trading, following US President Donald Trump's announcement of a temporary halt to military strikes on Iran's energy infrastructure.On...
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    India Markets React to Rising Oil and Geopolitical Tensions

    Mumbai, March 23 – The benchmark indices Sensex and Nifty plunged on Monday, in line with a very weak trend in global markets as the war in the Middle East showed no signs of slowing down.Rising crude oil prices due to the war, coupled with relentless foreign fund outflows and weakness in the...
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    Market Reaction: War, Oil Prices, and Investor Caution

    Mumbai, March 23 The benchmark indices Sensex and Nifty plummeted on Monday, in line with a very weak trend in global markets, as the war in the Middle East showed no signs of slowing down.Rising crude oil prices due to the war, which has entered its fourth week, relentless foreign fund...
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    Market Reaction: India Sees Broad Stock Losses

    March 23, New Delhi: Indian stocks opened lower on Monday, following a broad risk-off move across Asia as escalating tensions in West Asia kept oil prices elevated.The Nifty 50 fell 2.3% to 22,579, while the BSE Sensex lost almost 2% to 72,826. All 16 major sectors declined, with broader...
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    Oil Prices Stable Amid Geopolitical Uncertainty

    March 23, New Delhi: Markets across Asia plunged on Monday following trade threats between the US and Iran.Stock markets in Australia and New Zealand were down 1.7% and 1.1%, respectively, in early trading. Japan's Nikkei fell 3.5% to 51,514.78, while the broader Topix dropped 2.86% to...
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    US Transport Chief Warns of Rising Travel Expenses

    Washington, March 22 – US Transportation Secretary Sean Duffy has warned that the ongoing conflict with Iran is driving up fuel and travel costs, saying that the rising cost burden is now affecting American consumers even as supply chains remain stable.In an interview on ABC News’ This Week...
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    Iran Conflict Threatens India's Gulf Ties

    Washington, March 22: India’s economic momentum is facing a fresh challenge as the ongoing US-Israeli conflict with Iran disrupts its deep-rooted ties with the Gulf, a key pillar of trade, energy supplies, and remittances, according to a report in The New York Times.Just weeks ago, India...
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    State Appeals to Centre for Relief, Diesel Price Change Reversed

    Gandhinagar, March 21 The recent increase in bulk diesel prices has been withdrawn for Gujarat's fishermen after the state approached the Centre, Fisheries Minister Jitu Vaghani said on Saturday.The Gujarat government had urged the Centre to provide relief to the fisheries sector by...
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    Energy Dispute Heightens Tensions in Central Europe

    Moscow, March 21 – European politicians are deliberately plunging their countries into crisis and darkness by continuing to reject Russian energy resources, the Russian Foreign Ministry spokesperson said on Friday."It is not a technical disaster or any natural catastrophe that is causing the...
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    Iran Oil Release: A Short-Term Market Boost

    Washington, March 21 – On Friday night, the United States issued a narrow, short-term authorization allowing the sale of Iranian oil that is currently stranded at sea. The Trump administration says this move will quickly boost global supply while maintaining pressure on Tehran, according to the...
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    Treasury Department Relaxes Iran Oil Sanctions

    March 21, New Delhi – The Trump administration granted a 30-day waiver on sanctions related to the purchase of Iranian oil at sea on Friday, marking its latest effort to ease rising oil prices.U.S. Treasury Secretary Scott Besant said in a post on X that the waiver would release around 140...
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    Sanctions Relief Targets Existing Iranian Oil Supplies

    Washington, March 21 – The United States has announced a 30-day sanctions waiver allowing the sale of Iranian oil currently stranded at sea, in a move aimed at easing mounting pressure on global energy supplies triggered by the ongoing conflict with Iran.Speaking on X, US Treasury Secretary...
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    Peace Advocate Tharoor Urges International Effort to End Conflict

    New Delhi, March 21 The damage being inflicted on the combatants, the neighborhood, and the wider region, including to India, due to the West Asia conflict has "crossed all acceptable limits" and it must be stopped, Congress leader Shashi Tharoor has said.Interacting with reporters on the...
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