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Iran's unsold oil piles up at sea as buyers stay wary- Oil Price Today (July 2): Crude oil at $70, falls for 2nd session as US-Iran talks progress. Worst over?
- Why are oil prices up today, and will Brent and US WTI crude futures continue to rise or fall again? Oil market reacts to US-Iran talks, Strait of Hormuz developments and supply outlook
- Abu Dhabi proposes new oil-pricing system to mirror wider marketAbu Dhabi National Oil Co. is proposing a shift in how it prices crude for term customers, aligning with regional trading norms. The compan...30 Jun, 2026, 04.53 PM IST
- India plans to cut reliance on Middle East oil, tap spot market after war shockIndia's state refiners are pivoting away from Middle Eastern oil contracts following the Iran war's supply disruptions. They plan to boost ...30 Jun, 2026, 04.16 PM IST
- Strait of Hormuz: Strategic chokepoint in shadow of geopoliticsThe Strait of Hormuz, a key chokepoint for the global trade of crude oil and liquefied natural gas, is at the centre of disputes in negotia...30 Jun, 2026, 03.26 PM IST
- Oil Price Today (June 30): Brent crude falls to $72/barrel as investors await US-Iran talksBrent crude futures dropped around 1% to $72.50 a barrel while US West Texas Intermediate (WTI) crude futures fell around 0.7% to $70.28 p...30 Jun, 2026, 07.30 AM IST
- Oil falls as investors focus on potential Iran-US talks in DohaOil prices dipped as markets keenly watched potential U.S.-Iran talks in Doha, following recent missile exchanges that tested a fragile cea...30 Jun, 2026, 07.14 AM IST
- India-Israel, GCC FTA talks temporarily stalled due to West Asia crisis: Piyush GoyalIndia's free trade talks with Israel and the GCC are temporarily paused, while discussions with Canada are progressing rapidly. Commerce Mi...30 Jun, 2026, 12.20 AM IST
- Indo-Pacific, the new Gulf: Geopolitics joins petronomics to infuse the region with new energyThe Indo-Pacific region is becoming a central energy hub as the US shifts focus from West Asian oil due to ongoing regional tensions and fl...29 Jun, 2026, 11.09 PM IST
- Trump says Iran has requested a meeting, but Iranian officials say nothing has been scheduledAmidst escalating tensions in the Strait of Hormuz, President Trump announced a potential meeting with Iran in Doha, though Iranian officia...29 Jun, 2026, 06.04 PM IST
- India seeks EU scrap export relief as curbs threaten trade pact gainsIndia has urged the European Union to reconsider planned restrictions on metal scrap exports. Steel and aluminium producers fear these curb...29 Jun, 2026, 11.42 AM IST
- Iran warns ships not to bypass its chosen Hormuz routeThe exchanges underscored the fragility of a Pakistan-brokered agreement aimed at ending the war launched by the United States and Israel i...28 Jun, 2026, 09.00 PM IST
- Iran FM Araghchi warns any challenge to Hormuz strait will 'increase tensions'Iran's Foreign Minister Abbas Araghchi cautioned on Sunday that any disruption to Tehran's control over the vital Strait of Hormuz would es...28 Jun, 2026, 04.05 PM IST
- Iran war latest ground report: Interim deal imperilled further as both sides go ballistic againIran war: Escalating tensions saw the U.S. launch airstrikes against Iran following attacks on Bahrain and Kuwait. President Trump warned o...28 Jun, 2026, 09.21 AM IST
- India 'strategic diplomatic driver' for IMEC: Columbia University projectA project from Columbia University has underscored India's crucial involvement in the India-Middle East-Europe Economic Corridor (IMEC), pr...26 Jun, 2026, 09.37 AM IST
- Why are oil prices up today, and will Brent, US WTI crude futures continue to rise or fall again? Cargo ship attack near Oman lifts crude pricesWhy are oil prices up today, and will Brent, US WTI crude futures continue to rise or fall again? Oil prices gained more than 2% after a ca...26 Jun, 2026, 02.33 AM IST
- British military says a cargo ship was hit while moving through the Strait of HormuzIn a worrying development, a cargo ship on a UN-supported journey through the Strait of Hormuz was hit by a projectile, raising alarms as I...25 Jun, 2026, 10.42 PM IST
- IMF says it will take time for energy, commodity prices to normalize after US-Iran dealThe IMF notes a decline in energy and commodity prices following a ceasefire in the Strait of Hormuz, though full normalization will take t...25 Jun, 2026, 10.10 PM IST
- Iran-Israel conflict puts UAE, Saudi Arabia's foreign workers under strainA protracted conflict in the Gulf is jeopardizing billions in remittances, vital for families across Asia and Africa. Migrant workers, like...22 Jun, 2026, 11.25 AM IST
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