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IRAN WAR ENERGY IMPACT
Iran shuts door on US peace talks, insists Hormuz stays under its controlIran has refused to meet with top US envoys, casting doubt on peace prospects. Disagreements persist over a ceasefire and terms for lifting...
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 ...
India plans to add strategic fuel reserves after Iran war shockIndia is bolstering its energy security by planning strategic reserves of crude oil, LPG, and LNG to cover up to a month's demand, aiming t...
Asia's crude oil imports tick up in June but uncertainty reignsAsia's crude oil imports saw a slight June uptick but remain near decade lows, impacted by the Iran conflict disrupting Middle East shipmen...
Sovereign investors with $29 trillion pivot to energy assets, flag dollar fearsGlobal financial giants managing $29 trillion are pivoting towards energy assets and infrastructure, seeking portfolio resilience amidst es...
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...
Petroleum vulnerability rising, India must build crude buffers and cut import dependence, EY cautionsIndia faces mounting vulnerability due to its soaring dependence on imported crude oil, now exceeding 90%. A recent EY report urges augment...
Strait of Hormuz to be closed again? Why are U. S, Iran launching strikes after signing interim peace deal?Iran has accused the United States of failing to uphold the interim agreement, in particular by failing to sustain a promised ceasefire in ...
Iran's Trump card: The risk premium hasn't gone. It just changed shapeA recent attack on a commercial vessel near the Strait of Hormuz signals a shift from fears of outright war to prolonged uncertainty. Iran'...
Global Market: Core inflation in Tokyo accelerates as energy-driven price pressures begin to broadenTokyo's core inflation surged in June, driven by rising energy costs stemming from the Middle East conflict. This acceleration signals broa...
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...
Rubio warns Hormuz tolls would 'spread like contagion' to other waterwaysUS Secretary of State Marco Rubio warned that imposing tolls on ships in the Strait of Hormuz would lead to "total chaos," a stance reitera...
India, Iran revive energy dialogue as ministers meet on BRICS sidelinesIndia and Iran are exploring new avenues for energy sector collaboration, as announced by Union Minister Hardeep Singh Puri following a mee...
Rubio in Middle East tour says any Iran deal will ensure security of Gulf alliesU.S. Secretary of State Marco Rubio assured Gulf Arab allies that any deal with Iran would prioritize their security interests. Concluding ...
IndiGo, SpiceJet shares rally up to 4% as crude oil prices fall below pre-war levels after 42% crashAviation stocks, including IndiGo and SpiceJet gained after crude oil prices declined sharply as supply concerns eased following progress i...
Oil prices fall as tankers exit Strait of HormuzOil prices are dropping significantly as tankers resume passage through the Strait of Hormuz following a preliminary peace accord between t...
US-Iran war: Tehran says no visit scheduled for IAEA inspectors to visit bombed nuclear sitesUS-Iran war: Tehran has denied any scheduled visits for International Atomic Energy Agency inspectors to nuclear sites previously targeted ...