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PERSIAN GULF OIL TRADE
First time in decades Iraq set to move its oil beyond the Strait of HormuzIraq's Oil Tankers Company has recently arranged for a Very Large Crude Carrier to transport oil. This shipment of 2 million barrels is sig...- 'Iran signed NPT, India did not...situation is very different': Jaishankar highlights distinctions, deepening global energy crises amid West Asia turmoilExternal Affairs Minister S Jaishankar said India's non-signatory status under the NPT gives it a different position from Iran, which is an...
- Charting the global economy: US employment growth moderatesThe labor market in the US revealed sluggish growth in September, with only 29,000 jobs added, alongside a significant deceleration in wage...
- 5 Indian nationals rescued after projectile hits tanker in Strait of HormuzFive Indian nationals were safely rescued after the MT Kazimah III was struck by a projectile. The Indian mission in Oman coordinated the r...
- Oil prices edge higher, hover around $102 as US-Iran tensions, China fuel curbs support prices; MCX closed todayOil prices rose for a third straight session as China halted fuel exports and the US weighed additional military deployments to the Middle ...
- India oil refiners change tactics and hire ships to cross HormuzIndian oil refiners are now hiring tankers to pick up crude oil within the Persian Gulf. This approach helps cut costs and secure supply ch...
- France, Britain in talks to end 'one in, one out' migrant dealFrance and Britain are currently engaged in discussions to terminate their existing migration agreement regarding small-boat crossings. Thi...
- 4,500+ Indian seafarers in Persian Gulf under close watch amid rising maritime threats: MEAIndia is currently overseeing the well-being of more than 4,500 Indian seafarers operating in the Persian Gulf. Of this number, 163 seafare...
- Why is oil at $100 if Trump is winning the battle in Hormuz?The US appears to have gained the upper hand in the battle over the Strait of Hormuz, with allied crude exports recovering to about 80% of ...
- Oil slides as Saudi Arabia boosts flows via key pipelineOil prices have declined as Saudi Arabia restored partial capacity of its East-West pipeline, affecting global oil supply. Concerns regardi...
- The US-Iran war is now squeezing two major shipping routes from Strait of Hormuz to the Red Sea — here’s why global trade could feel the impactThe ongoing US-Iran war is affecting vital maritime chokepoints, specifically the Strait of Hormuz and Bab el-Mandeb Strait. Shipping traff...
- Saudi opens oil taps for Asia as India, China hunt crude amid Iran war, Hormuz crisisSaudi Arabia has sold almost 100 million barrels of crude to Asian buyers, including refiners in India and China, helping ease supply conce...
- Gulf nations have found ways to keep oil flowing through the Iran war, but the costs are mountingIran's closure of the Strait of Hormuz initially raised concerns about soaring oil prices impacting the global economy. However, Gulf produ...
- India ramps up LPG output as festival season beginsIndia’s state-owned refiners have raised domestic LPG production to around 44,000 tonnes a day as festive-season demand rises and renewed c...
- Poompuhar, a 2,000-year-old port city built by the Cholas was lost beneath the sea; new study finds ancient Tamils had trade links with Persian Gulf and IranPoompuhar: Underwater exploration at Poompuhar, a 2,000 year old Chola port city, has found over 200 potsherds and the first torpedo jars l...
- Global Market Today: Asian stocks climb after tech shares power Wall StreetMSCI Inc.’s gauge of Asian shares climbed 0.5%, with memory chipmakers Samsung Electronics Co. and SK Hynix Inc. the top contributors to ga...
- Oil’s sea lanes get tougher to navigate; India must press Iran to ease Hormuz blockadeSea lane disruptions in the Red Sea and Persian Gulf impact India's oil imports significantly. India faces challenges securing oil from Wes...
- Pak FM Ishaq Dar urges 'uninterrupted' energy supplies, safe passage of ships in call with Iranian counterpartPakistan's Foreign Minister Ishaq Dar engaged in a significant dialogue with his Iranian counterpart on Saturday, underlining the critical ...
- India needs multi-route energy strategy as West Asia tensions threaten supplies: ExpertsGrowing West Asian tensions expose India's energy supply vulnerabilities. Experts urge a multi-route strategy and diversified crude and gas...
- Oil tankers earn $1 million a day as war leaves ship shortageThe supersized earnings also partly reflect oil-refining margins that have spiraled out of control because wars in Iran and Ukraine mean wo...
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