strait of hormuz

South Korean Won Rises as Trump Signals End to Middle East Conflict Seoul, March 25 – The South Korean won strengthened against the US dollar on Wednesday following indications from US President Donald Trump regarding a potential resolution to the escalating Middle East conflict.The won opened...

Sensex, Nifty Surge Nearly 2% as Global Relief Rally Lifts Market Sentiment Mumbai, March 24: Benchmark equity indices Sensex and Nifty staged a strong recovery on Tuesday, rising nearly 2% each, as easing geopolitical concerns triggered a relief rally across global markets.The rebound follows...

Indian LPG Carriers Pine Gas and Jag Vasant Safely Transit Strait of Hormuz Amid Regional Tensions Vessels Carrying Over 92,000 Metric Tonnes of LPG Headed to Indian Ports New Delhi, March 24: The government confirmed that two Indian LPG carriers, Pine Gas and Jag Vasant, have successfully...

Rupee Falls 35 Paise to 93.88 Against US Dollar Amid Strong Greenback and Crude Price Concerns Mumbai, March 24: The Indian rupee weakened by 35 paise to close at 93.88 (provisional) against the US dollar on Tuesday, pressured by a strengthening dollar and elevated global crude oil prices that...

Crude Oil Prices Rebound on MCX Amid West Asia Tensions, Global Markets Stay Volatile Crude Oil Gains ₹204 in Futures Trade Crude oil prices rebounded in futures trading on Tuesday, rising by ₹204 to ₹8,549 per barrel, as geopolitical uncertainty in West Asia continued to influence market...

Crude Oil Prices Surge Over 4% Amid Renewed Middle East Tensions New Delhi, March 24: Global crude oil prices surged more than 4 percent in early trade on Tuesday, as market sentiment turned volatile despite a temporary pause in US military action against Iran’s energy infrastructure.Brent and...

Rupee Falls 20 Paise to 93.73 Against US Dollar Amid Strong Greenback and Oil Price Concerns Currency Weakens in Early Trade on Global Cues Mumbai, March 24: The Indian rupee declined by 20 paise to trade at 93.73 against the US dollar in early trading on Tuesday, pressured by a stronger...

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...

Mumbai, March 23 India needs to closely monitor the evolving situation in West Asia and take proactive measures to limit the impact of spillover effects, as the country is dependent on crude oil imports, the Reserve Bank's bulletin said on Monday.However, the March bulletin noted that India's...

Crude Oil Prices Plunge 9% on US Pause of Strikes on Iran New Delhi, March 23, 2026 – Crude oil prices reversed early gains on Monday, hitting the lower circuit after falling 9% to Rs 8,431 per barrel in futures trading, following US President Donald Trump’s announcement of a temporary halt to...

Gold and Silver Prices Plunge Amid Strong Dollar, Rising Yields, and Geopolitical Tensions New Delhi, March 23 – Gold and silver prices tumbled sharply on Monday, driven by profit-taking, a stronger US dollar, and rising real yields.MCX April gold futures fell 6.91% to ₹1,34,506 per 10 grams...

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...

Crude Oil Prices Surge to ₹9,617 Per Barrel Amid Geopolitical Tensions Crude Oil Futures Rise Sharply New Delhi – Crude oil prices experienced a significant increase on Monday, rising by ₹359 to ₹9,617 per barrel in futures trade. This marks the fourth consecutive trading session of gains...

IEA Warns of Major Economic Fallout from Middle East Energy Disruptions Iran War Damages Over 40 Energy Assets Across Nine Countries Canberra, March 23 – The International Energy Agency (IEA) Executive Director Fatih Birol has warned that the Iran war is causing severe and widespread damage to...

Brent Crude Prices Surge Amid Middle East Tensions Brent crude prices have risen significantly since the onset of conflict in the Middle East, increasing from approximately $70 per barrel to roughly $112 per barrel on Monday.Crude Oil Futures Rise on MCX On the Multi Commodity Exchange (MCX)...

Goldman Sachs Raises Oil Price Forecasts Amid Strait of Hormuz Disruption Analysts at Goldman Sachs have significantly increased their oil price forecasts for 2026, citing substantial disruptions to shipments through the Strait of Hormuz. The investment bank anticipates a major supply shock to...

IEA Chief Warns of Global Economic Threat Amid Middle East Energy Turmoil Escalating Tensions Trigger Largest Oil Supply Disruption New Delhi, March 23 – The International Energy Agency (IEA) chief, Fatih Birol, has issued a stark warning that the global economy faces a significant threat due to...

Indian Equity Markets Open Sharply Lower Amid Geopolitical Concerns Mumbai, March 23 – Domestic equity benchmarks experienced a significant downturn at the start of the trading week on Monday, driven by escalating tensions in West Asia and rising crude oil prices.The Sensex was at 72,977.34...

Maharashtra Increases PNG Supply to Commercial Establishments by 20% Amid Gas Disruptions Relief for Restaurants and Eateries as Supply Allocation Rises Mumbai, March 23: The Maharashtra government has increased the supply of Piped Natural Gas (PNG) to commercial establishments by 20 per cent...

L&T Urges Continued Government Capex Despite Rising Import Bills Amid Middle East Tensions Mumbai, March 22: Larsen & Toubro (L&T) has called on the government to maintain its capital expenditure momentum despite mounting concerns over rising import bills triggered by elevated commodity prices...