Oil Price Today (July 1): Crude oil above $73 as Iran rejects direct peace talks with US. Where are prices headed?Brent crude futures were up 50 cents, or 0.69%, at $73.45 a barrel at 1208 GMT. U.S. West Texas Intermediate (WTI) crude rose 63 cents, or ...
01 Jul, 2026, 07.30 AM IST
No sudden shelter from storms: What protected India's oil supply during Hormuz crisisIndia successfully navigated the Hormuz Strait closure, avoiding fuel shortages despite initial fears. This resilience wasn't due to last-m...
30 Jun, 2026, 11.11 PM IST
Abu Dhabi proposes new oil-pricing system to mirror wider marketAbu Dhabi National Oil Co. is proposing a shift in how it prices crude for term customers, aligning with regional trading norms. The compan...
30 Jun, 2026, 04.53 PM IST
India plans to add strategic fuel reserves after Iran war shockIndia is bolstering its energy security by planning strategic reserves of crude oil, LPG, and LNG to cover up to a month's demand, aiming t...
30 Jun, 2026, 03.51 PM IST
India-Israel, GCC FTA talks temporarily stalled due to West Asia crisis: Piyush GoyalIndia's free trade talks with Israel and the GCC are temporarily paused, while discussions with Canada are progressing rapidly. Commerce Mi...
30 Jun, 2026, 12.20 AM IST
Hormuz oil transits continue though attacks make owners waryVessel traffic through the Strait of Hormuz saw a dip as some shipping companies expressed reduced confidence following weekend attacks on ...
29 Jun, 2026, 07.21 PM IST
Trump says Iran has requested a meeting, but Iranian officials say nothing has been scheduledAmidst escalating tensions in the Strait of Hormuz, President Trump announced a potential meeting with Iran in Doha, though Iranian officia...
29 Jun, 2026, 06.04 PM IST
Why India stayed resilient through the Hormuz crisisIndia successfully navigated the Strait of Hormuz closure, ensuring energy security for its citizens. Despite a significant drop in West As...
29 Jun, 2026, 11.43 AM IST
Iran issues "serious warning" to Bahrain as tensions prevail in West AsiaAn adviser to Iran's supreme leader has warned Bahrain of severe military action following retaliatory Iranian strikes on a local US base. ...
29 Jun, 2026, 09.17 AM IST
Easing of West Asia conflict reduces downside risk to 6.6% growth forecast: Ram Singh, Director, Delhi School of EconomicsAny moderation in El Nino effects and resolution of geopolitical uncertainty will further reduce the downside risks to growth. Operationali...
29 Jun, 2026, 12.09 AM IST
Strait of Hormuz to be closed again? Why are U. S, Iran launching strikes after signing interim peace deal?Iran has accused the United States of failing to uphold the interim agreement, in particular by failing to sustain a promised ceasefire in ...
27 Jun, 2026, 06.45 PM IST
Hormuz traffic eases, ships continue using disputed Oman routeDespite a projectile striking a vessel, ships are continuing to use a non-Iranian-approved passage through the Strait of Hormuz. Traffic le...
26 Jun, 2026, 09.09 PM IST
UAE says false public warning caused by technical malfunctionResidents in the UAE received erroneous missile threat alerts due to a technical glitch in the early warning system. The National Emergency...
26 Jun, 2026, 08.35 PM IST
Fertiliser shipments begin exiting through Hormuz straitBefore the U.S. and Israel launched the war on February 28, about a third of globally traded urea - the world's most widely used fertiliser...
26 Jun, 2026, 07.11 PM IST
Hormuz oil shock echoes 1973 embargo lessonsThe recent Strait of Hormuz closure, though brief, signals a potential turning point for global energy. Echoing the 1973 oil embargo, this ...
26 Jun, 2026, 11.41 AM IST
Iran-Israel conflict puts UAE, Saudi Arabia's foreign workers under strainA protracted conflict in the Gulf is jeopardizing billions in remittances, vital for families across Asia and Africa. Migrant workers, like...
22 Jun, 2026, 11.25 AM IST
Indian refiners increase Russian and UAE oil imports ahead of Hormuz recoveryIndia's crude oil imports hit a milestone in June, as Russia emerged as the primary supplier, followed closely by the UAE's near-record imp...
21 Jun, 2026, 11.46 AM IST