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WEST ASIA SHIPPING CRISIS
Crude oil prices fall up to 2%, head for weekly losses as Hormuz supply fears easeGlobal crude oil prices fell sharply on Friday, with Brent slipping below $75 a barrel, as fears of supply disruptions through the Strait o...26 Jun, 2026, 10.37 AM IST- Government restores non-domestic LPG supplies to pre-crisis levelsIndia has restored non-domestic packed LPG supplies to their pre-crisis levels. This welcome development follows a significant improvement ...25 Jun, 2026, 07.03 PM IST
- Crude shipments through Hormuz at highest since war amid concerns over Iran exit demandsCrude shipments through the Strait of Hormuz have surged following a ceasefire deal, reaching their highest levels since the conflict began...25 Jun, 2026, 06.20 PM IST
- Reopening of Strait of Hormuz to lower tail risk, but supply normalisation to be costly: S&PS&P Global Ratings suggests reopening the Strait of Hormuz eases immediate risks for Asia Pacific, but expects uneven and costly supply nor...25 Jun, 2026, 03.20 PM IST
- Tata Motors bullish on CV demand as India growth can outweigh Iran war impact in long termTata Motors anticipates short-term headwinds for commercial vehicle demand due to West Asia war-induced diesel price hikes. However, MD & C...25 Jun, 2026, 02.03 PM IST
- PM Modi stresses on coordination between ministries, lauds smooth conduct of re-NEETPrime Minister Narendra Modi emphasized inter-departmental coordination during a Union Cabinet meeting, highlighting the successful NEET-UG...24 Jun, 2026, 07.02 PM IST
- 11 India-bound ships transited Strait of Hormuz after US-Iran MoU: MEAFollowing the US and Iran's agreement to de-escalate tensions in West Asia, eleven ships bound for India have successfully navigated the St...24 Jun, 2026, 12.41 AM IST
- Groundbreaking for Galathea Bay project in 2028: Union Minister Sarbananda SonowalIndia is moving forward with the Galathea Bay mega-project, with construction slated to begin in 2028. Union Minister Sarbananda Sonowal co...23 Jun, 2026, 07.08 PM IST
- India needs to diversify its sources of energy needs, says NITI vice-chairmanNITI Aayog Vice Chairman Ashok Kumar Lahiri highlighted that the West Asia conflict, though a temporary supply chain issue, underscores Ind...23 Jun, 2026, 04.11 PM IST
- Basmati prices may fall 5–10% as Strait of Hormuz closure hits exports"After the interim (US-Iran) peace deal was announced, exporters started buying basmati rice in good quantities for shipment to the Middle ...22 Jun, 2026, 12.19 AM IST
- Nearly 12 ships carrying fertiliser cross Strait of HormuzAt the onset of the Iran war, eight urea, four diammonium phosphate (DAP), one ammonia and three sulphur vessels bound for India were stran...22 Jun, 2026, 12.04 AM IST
- West Asia crisis eases, but peace could elude consumers for nowConsumers in India will not experience immediate price drops for daily essentials and home appliances. Manufacturers are holding onto raw m...18 Jun, 2026, 12.37 AM IST
- SEEPCO supplies 6 million barrels of Nigerian crude to Indian refinersAmidst West Asia crisis concerns, India's state-run refiners diversified oil supplies by sourcing nearly six million barrels from Nigeria's...16 Jun, 2026, 10.23 PM IST
- Oil prices to ease after US-Iran deal, but return to pre-war levels could take months: AnalystsEnergy markets anticipate price moderation for crude oil and liquefied natural gas. A potential US-Iran peace agreement and the reopening o...16 Jun, 2026, 04.31 PM IST
- Hormuz may reopen, but fertiliser relief is still months away for IndiaFertiliser supplies and prices will take months to return to normal. Natural gas and petroleum derivative supplies need to resume. Ammonia ...16 Jun, 2026, 01.17 AM IST
- Finalising NFL's tender to import 17 lakh tonnes of urea; stock comfortable for Kharif season: GovernmentIndia is securing vital fertilizer supplies for the ongoing Kharif season. The government is finalizing imports of 17 lakh tonnes of urea t...15 Jun, 2026, 04.42 PM IST
- Basmati rice, tea exports to West Asia come to a grinding haltExports of basmati rice and tea to West Asia have stopped due to the US-Iran conflict. Vessels carrying rice are waiting at Kandla Port. Te...15 Jun, 2026, 01.03 AM IST
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