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THE OIL MINISTRY
'All US blockade enforcement efforts have ceased': Centcom lifts blockade on ships to, from Iranian portsBig news out of the Middle East! The US has officially lifted its blockade on ships going to and from Iranian ports. Central Command confir...18 Jun, 2026, 11.17 PM IST- Government may lift fuel-supply safeguards once West Asia crisis abates: OfficialIndia plans to ease emergency energy measures as global tensions subside. These steps were taken to ensure fuel availability amid West Asia...18 Jun, 2026, 06.35 PM IST
- 'Did not trade dignity for any threat': Pezeshkian calls US-Iran MOU a 'historical document' from a 'powerful Iran'Iran's President Masoud Pezeshkian has declared the Islamabad Memorandum of Understanding a historic accord. He stated it signifies a power...18 Jun, 2026, 05.56 PM IST
- Flights suspended at major Moscow airports after Ukrainian drone attackMoscow airports faced temporary flight suspensions Thursday following a large-scale Ukrainian drone attack. Russian air defenses engaged th...18 Jun, 2026, 12.01 PM IST
- Iran deal includes $300 billion fund, more than half of which already committed, source saysA significant $300 billion private investment fund is part of a U.S.-Iran framework agreement. More than half of this amount is already com...17 Jun, 2026, 05.27 PM IST
- New series debut: WPI at 9.7% in May; energy costs drive surge; revamped index expands basket to 957 itemsIndia's wholesale inflation hit a record 9.7 percent in May. This surge was primarily fueled by rising energy costs. The new Wholesale Pric...16 Jun, 2026, 12.36 AM IST
- India's trade deficit narrows slightly to $28.21 billion in May as petroleum exports cushion energy import blowIndia's trade deficit saw a slight reduction in May. A recent US-Iran agreement is bringing welcome relief. This deal is expected to stabil...15 Jun, 2026, 03.06 PM IST
- WPI inflation surges to all-time high of 9.7% under new seriesIndia's wholesale inflation hit a record 9.7% in May. This marks the first reading under a new Wholesale Price Index series. Fuel and power...15 Jun, 2026, 02.16 PM IST
- Iran says draft US deal includes oil sanctions waiver, nuclear limits and asset releaseUS-Iran war: Tehran and the United States are in talks over a draft memorandum. This agreement could lead to the immediate reopening of the...14 Jun, 2026, 05.47 PM IST
- British forces intercept Russian shadow fleet oil tanker attempting to cross English ChannelBritish armed forces intercepted the Russian oil tanker SMYRTOS in the English Channel, boarding the vessel with Royal Marines and NCA offi...14 Jun, 2026, 12.12 PM IST
- Fuel prices to be reviewed based on crude oil supply, says Union Minister Suresh GopiUnion Minister of State for Petroleum and Natural Gas Suresh Gopi said the government will review fuel prices based on the availability of ...14 Jun, 2026, 09.57 AM IST
- India eyes global bio-energy leadership with unified push on capital, missions and SAF exportsIndia is poised to become a major bio-energy exporter and bolster its energy security. Industry leaders at the India Bio-Energy Conference ...13 Jun, 2026, 10.48 AM IST
- Seven Naga groups oppose Centre-Assam-Nagaland energy deal before settlement of issuesNaga groups are opposing a new energy exploration deal between the Centre, Assam, and Nagaland. They argue that natural resource ownership ...12 Jun, 2026, 09.11 PM IST
- US military confirms attack on third Indian-crewed tanker off Gulf of OmanUS forces disabled a third oil tanker in the Gulf of Oman. The ship was attempting to transport oil from Iran. US aircraft fired missiles i...11 Jun, 2026, 10.04 PM IST
- Three missing Indian seafarers dead after US strike on tanker in Gulf of OmanThree Indian seafarers have died following a U.S. military strike on a tanker in the Gulf of Oman. The U.S. stated the vessel failed to fol...11 Jun, 2026, 01.38 PM IST
- 3 Indians missing after US strikes commercial vessel off Oman coast, New Delhi summons American diplomatThree Indian sailors are missing after a US military strike on the commercial vessel Settebello. The ship was attacked off Oman's coast. Tw...11 Jun, 2026, 01.31 PM IST
- India's May fuel consumption up 2.4%; LPG demand drops 20% amid Hormuz disruptionsIndia's fuel consumption rose to 19.93 million metric tons in May, a slight increase from April but a 6.5% drop year-on-year. Liquefied pet...09 Jun, 2026, 11.48 AM IST
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