Crude Oil

Sensex falls 114 points, Nifty slips 40 points as markets extend losses

Sensex fell 113.61 points, or 0.15 per cent, to 78,079.96 and the Nifty declined 40.10 points, or 0.16 per cent, to 24,395.85. Selling in heavyweight stocks and cautious investor sentiment kept the benchmarks in a narrow range

12 hours ago

Sensex gains 178 points, Nifty rises 50 points in early trade

Sensex climbed 177.81 points or 0.22 per cent to hit an intraday high of 78,676 in early trade. Similarly, Nifty advanced around 50 points or 0.2 per cent to 24,620.

3 days ago

Trump says Iran to be hit hard if Hormuz Strait not reopened soon

While Iran confirmed consultations with Oman on a temporary arrangement to ensure maritime safety, uncertainty continues over the crucial shipping route, which handles around 20 per cent of the world's fossil fuel trade.

8 days ago

Global crude oil prices rally up to 3 pc as US-Iran tensions escalate

Good news for Indian economy as OPEC+ cartel agrees to hike oil production by 188,000 barrels per day

With the strategic Strait of Hormuz, a vital transit route for nearly 20% of global oil and gas exports, facing severe shipping bottlenecks, higher production targets may fail to translate into actual physical supply reaching global markets anytime soon.

9 days ago

PM Modi directs all-out efforts to safeguard interests of Indian citizens amid West Asia conflict

The Prime Minister also stressed strengthening renewable energy for long-term energy security, establishing a dedicated mechanism to assist seafarers and their families, and adopting a coordinated whole-of-government approach to monitor the evolving situation.

13 days ago

PM Modi and Trump are great friends, think alike: US Ambassador Gor; Trump's India visit likely early next year

'Not necessary..': Trump reacts to Russia sanctions bill that threatens 100% tariffs on India

While supporting the bill's objective, Trump wants it to also give him authority to impose tariffs on Iran. The legislation, aimed at increasing pressure on Russia over the Ukraine war, is yet to be approved by the US House of Representatives.

14 days ago

US CENTCOM completes fresh strikes on Iran, warns of continued military readiness amid Middle East tensions

US launches fresh strikes on Iran; CENTCOM says attacks target military capabilities in Strait of Hormuz

CENTCOM has conducted another round of strikes on Iranian military targets, including command centres, missile and drone launch sites, maritime assets and air defence systems, saying the operation was aimed at reducing Iran's ability to threaten commercial shipping in the Strait of Hormuz.

23 days ago

West Asia conflict escalates: India asks shipping firms to avoid deploying seafarers via Strait of Hormuz as US-Iran tensions deepen

The Strait of Hormuz and the New Geography of Power

The Strait of Hormuz crisis has underscored that energy security is now a core element of national security, with disruptions capable of affecting trade, inflation, industrial production and policymaking across Asia. While China, Japan, Vietnam and India are all exposed to varying degrees

25 days ago

E20 petrol saved Rs 1.90 lakh crore in forex as OPEC+ weighs August oil output hike

The government also highlighted that ethanol blending is a globally accepted practice adopted by countries such as the US, Brazil and Japan. Meanwhile, OPEC+ is expected to consider a modest increase in oil production for August as it continues to unwind earlier supply cuts amid easing geopolitical tensions and stabilising global oil markets.

Jul 5, 2026

Why petrol and diesel prices haven't fallen yet? Hardeep Singh Puri hints at rate cut

Petrol and diesel prices could be reduced if international crude oil prices remain low for a few more weeks, Union Petroleum Minister Hardeep Singh Puri has said. He explained that oil marketing companies are still selling fuel refined from crude bought at higher prices during the West Asia conflict

Jul 2, 2026

Prime Minister Narendra Modi meets Russian President Vladimir Putin in Sochi, Russia on May 21, 2018

Russia imports gasoline from India amid refinery disruptions and supply shortages

The move comes despite Russia being a major oil producer and highlights its growing fuel supply challenges. It also underscores the evolving energy partnership between India and Russia, as India continues to import large volumes of discounted Russian crude while exporting refined fuel.

Jul 2, 2026

Audio recording shows IRGC warning vessels against transiting Strait of Hormuz

Iran, Oman Push Ahead With Strait of Hormuz Transit Fee Plan Despite US Opposition

Iran and Oman are advancing plans to introduce transit fees for vessels passing through the Strait of Hormuz, despite US opposition. The proposal aims to fund maritime safety, environmental protection and infrastructure, with Oman favouring voluntary service payments and Iran supporting a broader fee mechanism.

Jul 1, 2026

India's WPI inflation stays in negative zone in Nov, overall outlook benign

El Nino likely to impact food prices, inflation projected to settle in 5.2–5.5 pc range in FY27

There is an 80% chance of El Niño during June–August and over a 90% probability that it will continue until at least November. While reservoir levels remain above normal and vegetable supplies are currently adequate.

Jun 14, 2026

Is the Strait of Hormuz Closed? CENTCOM Debunks Iran's Claims as IMO Condemns Tanker Attack

CENTCOM denied Iran's claims of striking US warships, while the IMO condemned an attack on tanker MT Settebello near the Strait of Hormuz that left three Indian crew members missing. India also condemned the incident and called for de-escalation and safe maritime navigation.

Jun 11, 2026

Oil prices surge after US seizes Iran ship

Global oil prices surged sharply after the United States seized an Iranian cargo ship in the Gulf of Oman, escalating tensions with Iran and raising fears of further conflict. Brent crude rose over 6%, while US WTI jumped around 7% amid concerns over potential disruptions in the Strait of Hormuz, a key global oil shipping route.

Apr 20, 2026

Oil falls after Trump signals Iran pause, Crude oil prices tank up to 20 pc over Iran ceasefire announcement

Crude oil trade 3 pc lower on hopes of fresh US-Iran talks

Global crude oil prices fell up to 3% on Tuesday as hopes of renewed US–Iran talks eased fears of supply disruptions linked to tensions around the Strait of Hormuz. Brent crude dropped to around $96.6 per barrel, while WTI slipped to about $95.69.

Apr 14, 2026

Oil falls after Trump signals Iran pause, Crude oil prices tank up to 20 pc over Iran ceasefire announcement

Oil prices plunged sharply after US President Donald Trump announced a two-week pause in military strikes on Iran, easing fears of disruption in the Gulf region. Brent and WTI crude dropped up to 20 per cent as tensions around the Strait of Hormuz — a key global oil route — showed signs of easing.

Apr 8, 2026

US 'Pyxis Pioneer' at New Mangalore Port with 16,714 tonnes of LPG

PM Modi chairs high-level review meeting on petroleum, gas, power & fertiliser supply amid West Asia tensions

Prime Minister Narendra Modi chaired a high-level meeting in New Delhi to review petroleum, gas, power and fertiliser supply amid the West Asia crisis. Top ministers attended the meeting, which focused on ensuring uninterrupted supply and stable logistics.

Mar 22, 2026

Oil prices surge as Strait of Hormuz disruptions heighten supply fears amid US‑Israel‑Iran conflict

Crude oil prices rebounded sharply, with Brent crude rising nearly 3 percent to around 103 dollars per barrel and WTI climbing over 3 percent to about 96 dollars per barrel. Disruptions in the Strait of Hormuz due to the ongoing US-Israel-Iran conflict have fueled supply concerns and inflation risks.

Mar 17, 2026

140 US troops wounded in Iran conflict: Pentagon

The Pentagon reported that about 140 US service members have been wounded in the first 10 days of attacks linked to US operations against Iran. Most injuries are minor, with 108 personnel already returned to duty, while eight remain severely injured.

Mar 11, 2026

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