oil prices

Tehran, March 19 – Iran warned on Thursday that it would carry out more severe retaliatory strikes if the US and Israel attack its energy facilities again.Ebrahim Zolfaghari, spokesman for Iran's Khatam al-Anbiya Central Headquarters, said in a statement published by the Islamic Revolutionary...

Washington, March 19 – The United States is considering a series of emergency energy measures, including releasing more crude oil from its strategic reserves and easing restrictions on Iranian oil, as the White House moves to contain rising prices following fresh disruptions in global supply...

Gold and silver prices experienced a significant drop today following the latest policy decision announced by the US Federal Reserve overnight. On the Multi Commodity Exchange, gold futures were trading around 1%, or 1,313 rupees, lower at 151,712 rupees, while silver futures declined by 2%, or...

Washington, March 19 – The ongoing US military operations involving Iran are straining India’s energy security and testing its diplomatic balance, according to Lisa Curtis, a former White House official for South Asia, who said that New Delhi is navigating a complex and increasingly volatile...

Washington, March 19 – Federal Reserve Chair Jerome Powell said the US central bank was keeping interest rates unchanged as it monitored the fallout from higher oil prices and broader uncertainty linked to the conflict in the Middle East.On Wednesday (local time), Powell said the Federal Open...

New Delhi, March 18 Gold prices fell by Rs 256 to Rs 1.55 lakh per 10 grams in futures trading on Wednesday amid volatility, as investors remained cautious ahead of the US Federal Reserve's monetary policy decision.On the Multi Commodity Exchange (MCX), gold for April delivery decreased by Rs...

Seoul, March 17 – South Korean President Lee Jae Myung said on Tuesday that the government should prepare measures to mitigate the potential economic fallout under the worst-case scenario where the Middle East crisis becomes prolonged.Lee made the call as the Strait of Hormuz, a critical...

Washington, March 17 – The United States is allowing Iranian oil tankers to transit the Strait of Hormuz despite the ongoing conflict, as part of efforts to stabilize global energy supplies, Treasury Secretary Scott Besant said.“We are seeing more and more fuel ships start to go through. The...

March 16, New Delhi – The International Energy Agency (IEA) has announced the largest coordinated release of strategic oil reserves to stabilize global markets.Approximately 400 million barrels will be released, with supplies in Asia and Oceania starting immediately, and in Europe and the...

Beijing, March 16 China called on all countries on Monday to immediately halt military operations in West Asia in response to US President Donald Trump's appeal to help keep the Strait of Hormuz open for international transport, ruling out Beijing joining any international naval force that would...

New Delhi, March 16 Amid the raging conflict in West Asia, Israeli Ambassador to India, Reuven Azar, on Monday said "we are ready to stop hostilities if Iran changes course", and asserted that Tel Aviv has consulted "diplomatic channels" in the last few days, including its partners the US and...

New Delhi, March 16 – Pakistan has been severely affected by the Middle East crisis due to the war between Iran and Israel-United States. While it faces several challenges regarding whether or not to join the war due to an agreement with Saudi Arabia, the economic situation in Islamabad has...

Washington, March 16 – The war with Iran is causing concern in Washington and driving up oil prices. Fighting in the Strait of Hormuz is disrupting global energy flows. The conflict is also exacerbating political divisions in the United States.The conflict, now in its third week, has disrupted...

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...