Why are oil prices up now and will Brent futures and US WTI crude prices continue to rise or decline again? Oil market reacts to US-Iran escalation and Strait of Hormuz closureWhy are oil prices up now and will Brent futures and US WTI crude prices continue to rise or decline again? Oil markets moved higher after ...
11 Jun, 2026, 09.01 AM IST
Oil Price Today (June 11): Crude oil rises over 2% as US strikes Iranian targets again. $100/bbl in sight?Oil prices surged over $2 a barrel after Iran announced the closure of the Strait of Hormuz, a critical shipping route, following U.S. stri...
11 Jun, 2026, 07.51 AM IST
Trump says US military ops ensure safe passage of 100 million barrels of oil through HormuzPresident Donald Trump revealed a secret US military mission. This operation supported oil tankers and commercial ships. Over 100 million b...
10 Jun, 2026, 11.38 PM IST
Meet Vibhav Altekar, the Indian-origin engineer behind the drone boat that pulled off a first-of-its-kind US military rescueA remarkable rescue operation near the Strait of Hormuz saw an autonomous vessel, Corsair, play a vital role. Developed by Saronic Technolo...
10 Jun, 2026, 07.29 PM IST
Suez Canal sees oil tanker surge amid Strait of Hormuz disruptionEgypt's Suez Canal saw a significant rise in oil tanker traffic and revenue in April. This surge is linked to the closure of the Strait of ...
10 Jun, 2026, 03.20 PM IST
What is the US Fifth Fleet, America’s backbone in the Middle East and why is it under Iran’s attack?Iran's IRGC claimed to have targeted the US Navy's Fifth Fleet headquarters in Bahrain amidst escalating tensions. This naval command, cruc...
10 Jun, 2026, 11.25 AM IST
Trump blames Iran for Apache helicopter attack, says US must respond "of necessity"US President Donald Trump said Iran downed a sophisticated Apache helicopter. The incident occurred overnight while the aircraft patrolled ...
09 Jun, 2026, 10.56 PM IST
Fitch sees global oil markets returning to oversupply after Hormuz reopensGlobal oil markets are set to return to oversupply soon. Fitch Ratings reports the Strait of Hormuz closure is a temporary supply shock. Pr...
09 Jun, 2026, 01.48 AM IST
Oil market likely to return to oversupply after Hormuz reopens: Fitch RatingsGlobal oil markets are set to see a surplus once the Strait of Hormuz reopens. Fitch Ratings predicts this despite current price hikes. The...
08 Jun, 2026, 10.44 AM IST
Iranian official claims 'first' victory over US, says 'ball in Trump's court' to release $24 billion of assets for breaking deadlockA senior Iranian adviser said Tehran views the recent conflict with the US as its first military victory and stated that talks remain stall...
06 Jun, 2026, 11.29 AM IST
Narrow the Gulf for Delhi: Conversation on derisking the future from Hormuz is good news for IndiaThe West Asia crisis presents India a chance to regain global influence. Discussions are underway to secure trade routes beyond the Strait ...
01 Jun, 2026, 11.44 PM IST
'I don't care if negotiations with Iran are over': Trump dismisses Hormuz oil concernsUS President Donald Trump stated he is unconcerned if talks with Iran end. He also shrugged off worries about oil prices even if Tehran blo...
01 Jun, 2026, 10.52 PM IST
Iran Guards threaten 'new fronts' over Israel's Lebanon offensiveIran's Revolutionary Guards threatened to open "new fronts" and keep the Strait of Hormuz closed over Israel's offensive in Lebanon, state ...
01 Jun, 2026, 10.13 PM IST
Iran suspends indirect US contacts, threatens wider pressure on key shipping routesIran has halted communication with the US through mediators. This action follows attacks on Lebanon. Iran and its allies plan to block the ...
01 Jun, 2026, 08.02 PM IST
US says it disabled another commercial ship trying to breach blockade and reach IranUS forces have intercepted another ship trying to bypass their blockade of Iranian ports. The Gambia-flagged vessel, Lian Star, ignored war...
30 May, 2026, 09.51 PM IST
Qatar opposes permanent Strait of Hormuz transit fees, open to temporary tollsQatar has stated its opposition to permanent transit fees for the Strait of Hormuz. A top official indicated that temporary tolls for purpo...
30 May, 2026, 02.31 PM IST
Hormuz exposes China's Indian Ocean vulnerability, new reportA new report suggests China's maritime vulnerability begins at the Strait of Hormuz, not the Strait of Malacca, creating a strategic compet...
29 May, 2026, 11.50 AM IST