India's ONGC is in talks with Venezuela's PDVSA to acquire stakes in two oilfields, San Cristobal and Carabobo. This move hinges on ONGC se...

Shipping through the crucial Strait of Hormuz is showing signs of recovery, with daily transits increasing significantly, though still far ...

Iran declared UN nuclear watchdog inspections at bombed sites are off-limits, despite a US-Iran deal to end the Middle East war. Talks in S...

Brent crude futures rose 24 cents, or 0.38%, to $78.15 a barrel, while U.S. West Texas Intermediate gained 33 cents, or 0.46%, to $74.19 a ...

Washington has granted Iran a 60-day waiver on oil sanctions, permitting the nation to produce, export, and sell its crude until August 21....

China has retaliated against US sanctions by imposing its own restrictions on 10 American military-linked companies. Beijing's Commerce Min...

Iran and the US have made significant strides in peace talks, with mediators Qatar and Pakistan announcing major progress. Discussions in S...

India’s crude oil imports have returned to normal levels in June, recovering after earlier disruptions caused by geopolitical tensions and ...

A potential deal to end the war between Washington and Tehran presents a paradox: sanctions relief could significantly empower Iran's Revol...

Three cargo ships are now transiting the Strait of Hormuz, signaling a significant shift after the US ended its blockade of Iranian ports a...

Iran's oil sales may see a waiver under a new interim deal. However, the country remains under a complex network of international sanctions...

America's Treasury has not extended sanctions waivers on Russian oil. This waiver expired at midnight. President Trump has not confirmed if...

President Trump announced that the US will soon reimpose sanctions on Russian oil, citing eased global supply concerns due to resumed flows...

G7 leaders are urging President Trump to refocus on the Ukraine war. Discussions at the summit included increasing pressure on Russia throu...

The US and Iran, with Pakistan as mediator, have announced a preliminary deal to end the war, with an immediate cessation of military opera...

India just got a near-term macroeconomic breather from a US-Iran peace deal. However, early monsoon weakness and potential El Niño conditio...

India's External Affairs Minister S. Jaishankar stated India purchased Russian oil after the Ukraine war began in 2022. He explained the oi...