Saudi Arabia

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.

7 hours ago

Iranian FM warns Britain against cooperation with US strikes on Iran

Iran rejects Trump's claim, says military on high alert as efforts to revive U.S.-Iran deal continue

The U.S. President said he will order American forces to hold off on new strikes against Iran, claiming West Asia allies had reached the parameters of a deal to end the war

1 day ago

Mideast security situation complex, potential for unforeseen escalation: US embassies

US embassies across nearly 10 Middle Eastern countries, including Israel, Jordan, Iraq, Egypt, Bahrain, the UAE, Qatar and Saudi Arabia, have issued security alerts urging American citizens to exercise caution and be prepared to leave if tensions escalate

2 days ago

US embassies urge citizens to 'consider departing' Mideast countries amid heightened tensions

The advisory comes as Iran reportedly prepared a broad response plan against possible US-Israeli strikes, while renewed military exchanges involving the US, Iran, Israel, and Yemen's Houthis have heightened fears of wider regional conflict.

2 days ago

Qatar condemns drone attack on Saudi oil facilities

Satellite imagery released by NASA's Fire Information for Resource Management System (FIRMS) confirmed extensive fire activity at the Abqaiq site, indicating significant damage to one of the world's most important oil processing facilities.

7 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

India shielded consumers from oil shock as govt ensured uninterrupted fuel supply during West Asia crisis

India protected its consumers from oil shock as West Asia crisis rattled world economies

Former Ambassador Navdeep Suri credited proactive energy diplomacy, diversified crude imports and government support for ensuring uninterrupted fuel supplies and stable prices, helping India avoid the shortages, rationing and emergency measures seen in several other countries.

Jun 29, 2026

'This was not easy, I signed it': Trump seals Iran war-ending MoU at Versailles

US President Donald Trump said he signed a memorandum of understanding with Iran to end the war while at Versailles, stating "It's signed." A US official said both Trump and Iranian President Masoud Pezeshkian signed the deal on Wednesday, though Iran has not confirmed.

Jun 18, 2026

Crude oil drops over 5 pc this week, hovers above $100 amid global uncertainty

West Asia conflict could push crude oil prices to $150 per barrel

Around 11.8 million barrels per day of oil production remain offline across six Gulf producers, making it one of the largest supply disruptions in modern energy history.

Jun 11, 2026

Hormuz Strait will open immediately upon signing deal with Iran, says Trump

Frozen Iranian funds could be used to rebuild Gulf infrastructure: Report

The US Treasury Department is reportedly considering using frozen Iranian assets to help Gulf allies rebuild infrastructure damaged during the ongoing conflict with Tehran. The proposal comes amid escalating US-Iran tensions, military exchanges in the Strait of Hormuz, and stalled peace talks.

Jun 7, 2026

Trump rejects Iran's response to new US proposal

'Mandatorily requesting': Trump calls on Saudi Arabia, Pakistan, Turkey and other nations to join Abraham Accords

US President Donald Trump urged Muslim-majority nations including Saudi Arabia and Qatar to normalize relations with Israel by joining the Abraham Accords as part of an emerging Iran peace deal. In a Truth Social post, Trump said broader participation would strengthen regional peace and suggested Iran could eventually join the accords too.

May 25, 2026

Trump claims 'total military victory' over Iran, says US strikes severely damaged Tehran's capabilities

Trump 'an hour away' from Iran attack, Tehran hits back with 'beyond the region' war warning

Tensions between Iran and the United States escalated again after Tehran warned that any renewed American attack would trigger a war extending beyond West Asia. The warning came after US President Donald Trump said he had nearly approved fresh military strikes against Iran this week

May 20, 2026

India's 4 pc fuel price hike lowest among major economies

Indian oil companies continue to incur losses of around Rs 750 crore daily due to elevated crude prices. Officials stated that India remained an exception by keeping fuel prices largely unchanged since February 23, 2026, absorbing most of the global crude price shock.

May 19, 2026

Trump pauses Iran strike amid diplomatic push by Gulf nations

US President Donald Trump said he postponed a planned military strike on Iran after urgent diplomatic appeals from Gulf nations including Saudi Arabia, Qatar and the UAE, which sought more time for negotiations with Tehran over its nuclear programme.

May 19, 2026

Saudi Arabia intercepts three drones entering its airspace from Iraq

The incident comes amid rising instability in the Middle East following ongoing tensions involving the United States, Israel and Iran. Regional tensions escalated after US and Israeli strikes on Iran earlier this year, followed by retaliatory attacks targeting Israel and Gulf allies, including the UAE.

May 18, 2026

Air India Express restores Qatar, Bahrain flight operations; expands Gulf network

Air India Express has restored its flight services to Qatar and Bahrain and expanded its Gulf network across the UAE, Oman, and Saudi Arabia, effective April 30, 2026. The airline has resumed connectivity from multiple Indian cities, including major metros and regional hubs

Apr 30, 2026

UAE exits OPEC and OPEC+ from May 1, amid strategic energy realignment plans

United Arab Emirates announced it will leave OPEC effective May 1, state-run WAM reported. The decision reflects its long-term strategic and economic vision, evolving energy profile and accelerated domestic energy investment, and commitment to a responsible global energy role.

Apr 28, 2026

Middle East tensions: IndiGo, Air India to operate flights, issue travel advisory

Air India, IndiGo plan to resume Qatar flights as Gulf airspace situation improves; IndiGo shares face pressure

UBS downgraded IndiGo's stock to "neutral" and cut its target price to Rs 4,940 due to rising macroeconomic pressures and higher fuel costs. Despite short-term volatility, IndiGo remains relatively strong compared to global peers, supported by domestic fuel price controls.

Apr 28, 2026

More flights coming to India from Gulf region

Flight connectivity from the Gulf region to India is gradually improving, with around 90 special flights expected from the United Arab Emirates. Services are also operating from Saudi Arabia and Oman, while limited flights are resuming via partially open airspace in Qatar.

Apr 5, 2026

White House flags limited Hormuz passage, seeks Arab support for war costs

Press Secretary Karoline Leavitt indicated that oil traffic through the Strait of Hormuz could pick up, with around 20 tankers expected to transit the key waterway in the coming days.

Mar 31, 2026

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