oil prices

London, March 16 – British Prime Minister Keir Starmer spoke with US President Donald Trump to discuss the situation in the Middle East and the disruption to global shipping caused by the closure of the Strait of Hormuz.During the conversation on Sunday evening, Starmer stressed the importance...

Washington, March 14 US President Donald Trump on Saturday urged nations affected by Tehran’s “attempted closure” of the Strait of Hormuz to send ships to secure the narrow shipping lane crucial for global oil supplies as the war with Iran entered its third week.In a post on Truth Social...

New Delhi, March 14 Amid escalating tensions in West Asia, India on Saturday said it has maintained contact with key players, including the Gulf Cooperation Council, Iran, the US, and Israel, with a primary focus on safeguarding its energy security.External Affairs Ministry Spokesperson...

March 14, New Delhi – As the United States intensified its bombing campaign in Iran, Tehran responded with a new wave of drone and missile attacks targeting Israel and its Gulf neighbors.U.S. President Donald Trump noted that U.S. and Israeli objectives in the Iran conflict might differ. In a...

New Delhi, March 13 Amid the conflict in West Asia and rising oil prices, US envoy to India, Sergio Gor, said on Friday that Iran is "trying to blockade" the Strait of Hormuz and is "recklessly targeting" commercial vessels, as he accused Tehran of trying to drive up oil prices.During an...

New Delhi, March 13 External Affairs Minister S Jaishankar spoke to his Iranian counterpart, Seyed Abbas Araghchi – their fourth such conversation since the West Asia crisis erupted – as New Delhi intensifies efforts to secure safe passage for over two dozen Indian-flagged merchant vessels...

New Delhi, March 13 Crude oil prices rose by ₹94 to ₹8,898 per barrel in futures trading on Friday amid the escalating conflict in West Asia and disruptions in energy supply.On the Multi Commodity Exchange (MCX), crude oil for March delivery increased by ₹94, or 1.07%, to ₹8,898 per barrel in...

Mumbai, March 13 The benchmark stock market indices, Sensex and Nifty, ended sharply lower on Friday, driven by escalating conflict in the Middle East and rising oil prices.Furthermore, heavy selling in global markets, persistent outflows of foreign funds, and the weakening of the rupee also...

New Delhi, March 13 Fitch Ratings on Friday marginally raised India's GDP growth forecast to 7.5 per cent for the current fiscal, citing strong domestic demand as the primary growth driver.In December, Fitch had projected India's GDP growth at 7.4 per cent for the current fiscal.For the next...

March 13, New Delhi – Iranian Foreign Minister Seyed Abbas Araghchi stated on Friday that American negotiators rejected Iran’s proposal to ensure “no nuclear weapons” because they did not understand its technical details.In a social media post on X, Seyed Abbas Araghchi stated that Iran had...

Mumbai, March 13 The benchmark indices, Sensex and Nifty, declined by over 1% during intra-day trading on Friday, driven by escalating conflict in the Middle East and rising oil prices.Furthermore, heavy selling in global markets, continued outflows of foreign funds, and weakness in the rupee...

March 13, New Delhi – Philippine Trade Secretary Cristina Roque highlighted on Friday that the conflict in West Asia demonstrates the deep interconnectedness of the global economy, with geopolitical tensions causing immediate economic shocks.Speaking at an ASEAN economic ministers' meeting in...

March 13, New Delhi – Brent crude edged further above $100 per barrel, and stock prices declined in early Asian trading on Friday, following Iran's vow to target oil resources in West Asia and continue disrupting the Strait of Hormuz.Brent, which had risen above $100 on Thursday, was up 0.20...

Mumbai, March 13 The benchmark indices Sensex and Nifty continued their downward trend in early trading on Friday, falling by nearly 1%, as the ongoing conflict in West Asia and rising oil prices continued to dampen investor sentiment.Heavy selling in global markets, persistent outflows of...

New Delhi, March 13 Former foreign secretary Kanwal Sibal has said that the ongoing conflict in West Asia "needs to end" because the price that countries are paying around the world for this war is "unbearable".Highlighting the global ramifications of the conflict for the world, including the...

Washington, May 13 Amid rising oil prices, the Trump administration has announced a temporary authorization for other countries to purchase Russian oil currently stranded at sea, as there were no immediate signs of an early end to the US war on Iran.The US had granted a similar waiver from...

Washington, March 13 – The United States has temporarily allowed countries to purchase Russian oil stranded at sea, a move that comes days after Washington granted a similar waiver to India as it seeks to stabilize global energy markets amid rising geopolitical tensions.Treasury Secretary...

Washington, March 13 – Facing a sharp rise in fuel prices and disruptions in global shipping routes, the White House is considering a temporary waiver of the century-old Jones Act to allow more vessels to deliver energy and agricultural supplies to US ports.Press Secretary Karoline Leavitt...

Washington, March 12 – Russia has emerged as an unexpected economic beneficiary of the war involving Iran, earning billions of dollars from rising global oil prices triggered by the conflict, a US Senator said during a Senate Armed Services Committee hearing on Thursday.Senator Angus King of...

New Delhi, March 12 Former Foreign Secretary Kanwal Sibal stated on Thursday that the ongoing conflict in West Asia "needs to stop," as the price countries are paying globally for this war is "unbearable."Highlighting the global ramifications of the conflict, which has entered its thirteenth...