persian gulf

New Delhi, April 9 Amid the ongoing West Asia crisis, the Directorate General of Shipping (DG Shipping) has directed ports to ensure concessions for exporters with stranded cargo in the war-affected Persian Gulf region.According to a circular, "it has been observed that concessions granted by...

New Delhi, April 6 Two more Indian-flagged LPG tankers have safely crossed the war-affected Strait of Hormuz and are headed for Indian ports, even as 16 other vessels remain stranded in the Persian Gulf, officials said Monday.The LPG vessel Green Sanvi, carrying 46,650 tonnes of LPG, is...

New Delhi, April 6 – Saudi Arabia increased the price of its flagship crude on Monday, with state-owned Saudi Aramco setting the official selling price for its Arab Light crude for May shipments at a record premium of $19.50 per barrel over the regional benchmark for Asian buyers.This steep...

Washington, April 5 The war against Iran has begun to impact Americans, with Amazon announcing a fuel surcharge for its e-commerce deliveries and some airlines raising fees for checked baggage to offset higher fuel costs.The average price of gasoline in the US has increased to USD 4.09 per...

Strait of Hormuz Tensions: China Hesitant on Iran’s Safe Corridor, Risks Rise for Asian Energy Supply New Delhi, March 27 – Iran’s proposal to establish a safe shipping corridor in the Strait of Hormuz has received a lukewarm response from China, highlighting growing concerns among major Asian...

New Delhi, March 23 Two more Indian-flagged LPG tankers, carrying approximately a day's supply of the country's cooking gas, have safely navigated through the war-hit Strait of Hormuz and are expected to reach Indian shores within the next two days.The LPG tankers, Pine Gas and Jag Vasant...

Modi Addresses Lok Sabha on West Asia Conflict, LPG Shortage Prime Minister Narendra Modi on Monday termed the prevailing situation in West Asia “worrisome” as it is having a very adverse impact on the global economy and the livelihoods of people. Modi is expected to address the Lok Sabha around...

Two More Indian LPG Tankers Transit Strait of Hormuz New Delhi, March 23 – Two Indian-flagged LPG tankers, Pine Gas and Jag Vasant, have resumed their journeys from the Persian Gulf, ship tracking data indicates. The vessels are expected to cross the war-affected Strait of Hormuz before heading...

Global Oil Disruption: Jet Fuel and Diesel Prices Surge Faster Than Crude Amid Middle East Conflict Refined Products Face Greater Impact Than Crude Oil New Delhi, March 17: The ongoing conflict involving Iran across the Middle East is reshaping global energy markets, with refined petroleum...

Indian LPG Tankers Shivalik and Nanda Devi Safely Exit Strait of Hormuz Amid Middle East Tensions Indian-Flagged LPG Vessels Cross Key Energy Shipping Route New Delhi, March 14: Two Indian-flagged liquefied petroleum gas tankers have safely crossed the strategically vital Strait of Hormuz after...

Wall Street Slides as Oil Surpasses $100 Amid Middle East Tensions and Private Credit StressWall Street benchmark indices closed sharply lower on Thursday, weighed down by surging oil prices and ongoing stress in the private credit market. The Dow Jones Industrial Average fell by over 700...

Thai-Flagged Cargo Ship Attacked Near Strait of Hormuz; Three Crew Members Missing Vessel En Route to Gujarat’s Kandla Port Hit by Projectiles A Thai-flagged cargo ship was attacked near the Strait of Hormuz on March 11 while sailing from Dubai to Kandla Port in Gujarat, leaving three crew...

Indian Rupee Opens Weaker as Crude Oil Surge Sparks Import Cost Concerns The Indian rupee opened lower against the US dollar on Thursday as a sharp rise in global crude oil prices triggered fresh concerns about India’s import costs and external balance.The domestic currency began the session...

Attack on Basra Port Halts Iraq Oil Terminal Operations, One Dead Oil Terminals Suspended After Attack on Vessel An attack at Iraq's Basra port in the Persian Gulf has left at least one person dead and forced authorities to suspend operations at all of the country’s oil terminals, officials...

Crude Oil Prices Climb Above $90 as Strait of Hormuz Disruptions Offset Record Reserve Release Oil Prices Extend Gains in Early Thursday Trade Crude oil prices continued their upward trend on Thursday, March 12, with US crude, also known as West Texas Intermediate, rising back above the $90 per...

Oil Prices Surge Past $100 as Iran Conflict Disrupts Strait of Hormuz Energy Flows Global Oil Markets React to Escalating Middle East Conflict Oil prices surge past $100 per barrel as the conflict involving Iran disrupts energy flows through the Strait of Hormuz, sending shockwaves across global...

Aluminum Hits Nearly Four Year High as Middle East Conflict Disrupts Supply Aluminum prices climbed to their highest level in almost four years on Monday as escalating hostilities in the Middle East intensified concerns over supply disruptions from the region. While aluminum advanced sharply...

Oil Prices Near $110 as Donald Trump Defends Spike Amid Iran Conflict Trump Calls Oil Price Surge a ‘Small Price to Pay’ for Global Security US President Donald Trump has defended the recent surge in crude oil prices, saying the increase is a necessary cost for ensuring global safety amid...