Venezuela has emerged as India’s third-largest crude oil supplier so far in May, overtaking Saudi Arabia and the United States, as Indian refiners increased purchases of cheaper heavy crude amid disru...
NEW DELHI: In the past 24 hours, two India-bound ships carrying LPG crossed the Strait of Hormuz, taking the total number of such vessels to 13. The two ships are foreign-flagged vessels.Officials sai...
Oil pipelines across the globe are running dry, depleting at an unprecedented rate as the ongoing Iran war severely disrupts crude flows from the Persian Gulf, rapidly eroding the buffer that usually ...
The world’s busiest oil supply passage is in a chokehold, and the ripple effects are being felt across nearly every corner of the globe. The pressure is already showing up everywhere: at petrol statio...
Iran and the US are discussing a temporary framework that could pause hostilities, reopen the Strait of Hormuz to commercial traffic and create space for broader negotiations on Tehran’s nuclear progr...
US President Donald Trump on Thursday claimed that three American naval destroyers came under fire while transiting through the Strait of Hormuz, but suffered no damage during the incident. He also wa...
NEW DELHI: The Strait of Hormuz remains technically open, but commercial shipping is far from normal, according to Anil Devli, chief executive of the Mumbai-based Indian National Shipowners’ Associati...
Donald Trump’s sudden decision to pause a US-led effort to secure shipping through the Strait of Hormuz may have been driven by growing anger from key Gulf allies, particularly Saudi Arabia, according...
US President Donald Trump on Tuesday said he was halting ‘Project Freedom’ as Washington seeks to secure a broader agreement with Iran to end the ongoing Middle East conflict. He also cite...
The OPEC member is offering reductions of up to $33.40 per barrel on its benchmark Basrah Medium grade. (AI image) With oil supplies via the Strait of Hormuz still disrupted, Iraq is now offering deep...