oil prices

New Delhi, March 12 External Affairs Minister S Jaishankar spoke to his Indonesian counterpart, Sugiono, on Thursday as New Delhi intensifies diplomatic efforts to manage the fallout from the West Asia crisis.Amid escalating tensions between Iran and the US-Israel alliance, Jaishankar held a...

New Delhi, March 12 India is in contact with Iran to ensure safe passage for around 28 Indian-flagged merchant vessels through the strategic shipping route of the Strait of Hormuz, which has been partially blocked by Tehran following its escalating conflict with the US and Israel, according to...

New Delhi, March 12 Investors' wealth has eroded by ₹23.44 lakh crore since the beginning of the conflict involving the US, Israel, and Iran, which has sent shockwaves through equity markets, dragging the BSE Sensex down by over 6%.The US and Israel launched military strikes on Iran on...

New Delhi, March 12 – Bharatiya Janata Party (BJP) National Spokesperson Shahnawaz Hussain launched a scathing attack on Congress leader Rahul Gandhi on Thursday, accusing him of trivializing Parliament and creating disruptions during House proceedings.Hussain alleged that after the Congress...

March 12, New Delhi — To address a sharp decline in fuel supply, the Australian government is planning to temporarily amend fuel standards, allowing the use of lower-quality fuel for domestic use.The decision comes amid the International Energy Agency’s (IEA) call to release 400 million...

New Delhi, March 12 Gold futures edged lower by ₹38 to ₹1.61 lakh per 10 grams on Thursday as surging oil prices heightened inflationary risks and reduced the likelihood of interest rate cuts by the US Federal Reserve.According to the Multi Commodity Exchange (MCX), the yellow metal for April...

New Delhi, March 12 – As the military campaigns by the United States and Israel against Iran, and the latter's retaliatory strikes, move into their third week, Tehran has laid down three key conditions for ending the conflict, including recognition of its rights and compensation for the damage...

March 12, New Delhi – U.S. President Donald Trump said on Wednesday that the United States had already won the war with Iran, but indicated that the fighting would continue for now.The U.S. President stated that the U.S. had disabled 58 Iranian naval ships and 28 mine-laying vessels, crediting...

The UN Security Council has passed a draft resolution calling for Iran to immediately halt its attacks on Gulf countries, stating that these attacks violate international law and pose a serious threat to international peace and security. The resolution passed with 13 votes and two abstentions...

Washington, March 12, President Donald Trump has said that US military action against Iran would help bring down global oil prices, telling supporters in Kentucky that a coordinated release of emergency crude reserves and continued pressure on Tehran would stabilize energy markets.Speaking at...

Strasbourg, March 11 – European Commission President Ursula von der Leyen said on Wednesday that the conflict in the Middle East has imposed heavy economic costs on Europe, driving up energy prices and adding billions of euros to import bills."Since the beginning of the conflict, gas prices...

New Delhi, March 11 With the West Asia conflict disrupting energy supplies, External Affairs Minister S Jaishankar on Wednesday spoke with his Russian counterpart, Sergey Lavrov, and the European Union's Foreign Policy chief, Kaja Kallas, focusing on managing the fallout of the crisis.Global...

U.S. Ambassador to India, Sergio Gor, today praised India's role in maintaining stable oil prices globally. In a social media post, Mr. Gor stated that the United States recognizes that ongoing purchases of Russian oil are part of this effort. He added that India is one of the largest consumers...

New Delhi, March 11 Indian oil marketing companies (OMCs) and GAIL (India) Limited could face cash flow pressures if disruptions linked to tensions involving Iran persist, particularly if the Strait of Hormuz remains closed or oil prices stay elevated for an extended period, according to Fitch...

New Delhi, March 11 Crude oil prices jumped by Rs 460 to Rs 7,881 per barrel in futures trading on Wednesday as global benchmarks advanced due to intensifying geopolitical tensions.On the Multi Commodity Exchange (MCX), crude oil for March delivery rose by Rs 460, or 6.2 per cent, to Rs 7,881...

March 11, New Delhi – Countries and agencies worldwide are implementing emergency measures to address soaring oil prices, including capping fuel costs, releasing strategic reserves, and reducing consumption.The major move comes from the International Energy Agency (IEA), which has proposed the...

Mumbai, March 11 The benchmark equity indices, Sensex and Nifty, traded sharply lower during the afternoon session on Wednesday after a day of relative calm, as investor sentiment remained cautious amid ongoing tensions in West Asia and sustained foreign fund outflows.Furthermore, selling...

New Delhi, March 10 External Affairs Minister S Jaishankar held a conversation with his Iranian counterpart, Seyed Abbas Araghchi, on Tuesday – their third such conversation since the West Asia crisis began – as New Delhi intensified efforts to protect its energy security amid a virtual blockade...

Washington, March 10 – Oil prices remained near $90 a barrel on Tuesday as the conflict involving Iran sent shockwaves through global energy markets, raising fears of prolonged supply disruptions through the critical Strait of Hormuz and prompting US lawmakers to propose emergency measures to...

March 10, New Delhi — European gas prices plunged by around 15 percent on Tuesday following signals from US President Donald Trump that the US-Iran conflict could end sooner than anticipated.The Dutch Title Transfer Facility (TTF) natural gas contract, considered the European benchmark, fell...