Russia has strengthened its position as India’s largest crude oil supplier. (File PTI photo of Russian…
Tag: Strait of Hormuz closure
Strait of Hormuz closure: Why crude oil prices haven’t spiralled out of control amid US-Iran conflict
Brent crude prices in the spot market briefly surged to around $144 per barrel before easing…
Oil, LNG, fertilisers and maybe diamonds: What is at risk from Iran’s wider blockade threat
Just as global energy supplies were beginning to stabilise after nearly four months of disruption, Iran…
Iran closes Hormuz Strait again over Israel attacks on Lebanon that killed over 20
The Hormuz closure marks a sharp reversal from Friday’s ceasefire arrangement Iran on Saturday closed the…
Crude on boil: Oil prices jump over 2% as Iran closes Strait of Hormuz to all vessels
Global crude benchmarks jumped over 2% on Thursday as tensions in the Middle East escalated once…
Strait of Hormuz closure: Why high oil prices may be a temporary shock only – explained
The disruption has resulted in a temporary supply bottleneck driven by logistics issues rather than a…
Strait of Hormuz blockade persists, but India’s imports of Russian oil are down from highs seen in March – here’s why
Nearly all Indian refiners, except Numaligarh Refinery, are now importing Russian crude. (AI image) India’s imports…
‘Prepared to disable you’: Moment US intercepts Iranian cargo ship in Strait of Hormuz – watch
The United States on Saturday intercepted an Iranian-flagged cargo vessel after it tried to bypass the…