Oil prices rise as storms and air strikes threaten supplyAs a storm approaches key oil-producing areas in the US and tensions heighten in Saudi Arabia, oil prices are on the rise. The impending st...
07 Oct, 2026, 07.22 AM IST
Ukraine drone attacks oil tanker off Russia’s Sochi with 23 Indians aboard, all rescuedUkraine struck an oil tanker off the southern Russian coast on Tuesday evening, triggering a huge fire and black smoke cloud that blanketed...
07 Oct, 2026, 06.28 AM IST
US EIA lifts Brent forecast to $98 as Iran war tightens global suppliesThe US Energy Information Administration has revised its oil price forecasts for the coming years due to supply issues. Global benchmark Br...
06 Oct, 2026, 11.52 PM IST
Middle East oil exports are recovering despite Strait of Hormuz tanker attacks, but the bigger problem is getting crude safely to buyersMiddle Eastern oil exports have significantly recovered as shipping companies navigate a complex transport network. While conventional meth...
06 Oct, 2026, 08.56 PM IST
The day the fault lines cracked: October 7’s aftershocks travelled from Israel and Gaza to Iran, Red Sea and $100 oilIt started at the Gaza border. Then came Hezbollah, Houthi attacks, rerouted ships, an Israel-Iran war, American strikes and an oil shock. ...
06 Oct, 2026, 07.22 PM IST
Global Market: Gulf oil flows rebound to 81% of pre-war levels in SeptemberGulf oil flows excluding Iran recovered to 81% of pre-war levels in September, supported by a sharp rebound in Saudi Arabian exports. Crude...
06 Oct, 2026, 02.22 PM IST
Yemen's government declares a major operation against the HouthisYemen's government has launched a military operation against the Iran-backed Houthi rebels near Taiz city. An Israeli airstrike in Gaza kil...
05 Oct, 2026, 06.25 AM IST
First time in decades Iraq set to move its oil beyond the Strait of HormuzIraq's Oil Tankers Company has recently arranged for a Very Large Crude Carrier to transport oil. This shipment of 2 million barrels is sig...
05 Oct, 2026, 12.49 AM IST
Despite G7, fuel inflation will remainG7's recent decision to release 100 million barrels of oil from reserves is unlikely to significantly alleviate fuel inflation as it overla...
05 Oct, 2026, 12.41 AM IST
- Iran reviewing US response to diplomatic proposal presented at UN: Kazem Gharibabadi
Iran is currently evaluating a diplomatic proposal put forth to the United States aimed at easing rising regional tensions. This proposal w...
04 Oct, 2026, 09.47 PM IST
Explainer: Who are the Houthis, Iran's allies in Yemen?Yemen's Saudi-backed government has initiated a military counteroffensive against the Iran-backed Houthis, seeking to recover lost territor...
04 Oct, 2026, 07.20 PM IST
India oil refiners change tactics and hire ships to cross HormuzIndian oil refiners are now hiring tankers to pick up crude oil within the Persian Gulf. This approach helps cut costs and secure supply ch...
01 Oct, 2026, 10.50 AM IST
Indian sailor among 5 killed, another injured as Somali forces retake hijacked tankerFive crew members, including an Indian sailor, were killed during a pirate attack on a hijacked tanker. Security forces managed to retake c...
30 Sep, 2026, 03.06 PM IST
Why is oil at $100 if Trump is winning the battle in Hormuz?The US appears to have gained the upper hand in the battle over the Strait of Hormuz, with allied crude exports recovering to about 80% of ...
30 Sep, 2026, 11.36 AM IST
Iran's Revolutionary Guards call Trump a 'big liar'Iran's Revolutionary Guards' spokesperson Hossein Mohebbi accuses Donald Trump of being dishonest about nuclear weapons. Mohebbi emphasizes...
29 Sep, 2026, 03.19 PM IST
Global Market: VLCC rates hit record as Saudi crude flows jumpSaudi Arabia’s increased crude shipments through the Strait of Hormuz have pushed ship-to-ship transfer operations in the Gulf of Oman to c...
25 Sep, 2026, 03.48 PM IST
Shipping traffic via Strait of Hormuz stays below 10-day average, data showsOn September 23, three commodity vessels transited the Strait of Hormuz, which is lower than recent averages. A LNG tanker, Al Mafyar, was ...
23 Sep, 2026, 09.04 AM IST