Search For "global oil"
Ending Iran's nuclear ambitions over oil profits: Trump clarifies on his a
Updated : 2 days, 10 hours ago IST
In a post by the White House, President Trump, while acknowledging that the United States is currently the world's leading oil producer and stands to benefit financially from higher crude prices, emphasised that his administration's overriding mission remains the permanent dismantling of
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US-Israeli strike hits industrial area near Tehran; abandoned warehouse am
Updated : 2 days, 20 hours ago IST
A US-Israeli attack struck an industrial area in Rabat Karim as regional conflict enters its thirteenth day. While an abandoned warehouse was one of the targets struck, Iran has set three conditions for peace. Meanwhile, the IRGC continues retaliatory strikes against US bases and tankers ami
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Three crew members feared trapped in engine room after Iranian attack on T
Updated : 2 days, 21 hours ago IST
Three crew members are feared trapped in a Thai-flagged vessel's engine room following an Iranian strike in the Strait of Hormuz. The attack is part of an intensifying IRGC blockade, where international ships are targeted by drones if they move "even a few metres" without permission.
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"Remain silent or be targeted": IRGC enforces lethal "no-move" zone in Str
Updated : 2 days, 21 hours ago IST
The IRGC has enforced a maritime blockade in the Strait of Hormuz, targeting vessels that move "even a few metres" without permission. With 14 tankers reportedly hit, the paralysis of this vital oil route has forced the US and IEA to release millions of barrels from strategic reserves.
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Bahrain warns residents to stay indoors after Iranian strike on Muharraq f
Updated : 3 days ago IST
Bahrain has advised residents in several areas to "remain in their homes" and "close windows" following a major blaze in Muharraq Governorate. The Ministry described the move as a "precaution against potential effects of smoke" after Al Jazeera reported an Iranian strike on local fuel storag
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US to release 172 million barrels of oil to stabilise markets as Middle Ea
Updated : 3 days ago IST
The US will release 172 million barrels of oil "beginning next week" to stabilse markets amid war with Iran. President Trump vowed to "finish the job" despite Tehran's threats to "destroy" the economy. While Trump suggests there is "practically nothing left to target," Israel claims it ha
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Taiwan: Price stabilization measures launched as oil prices surge
Updated : 3 days, 13 hours ago IST
Taiwan will not sharply increase its gasoline and natural gas prices despite surging global oil prices triggered by the ongoing Middle East conflict that began with American and Israeli attacks on Iran, Focus Taiwan reported, citing officials.
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West Asia conflict: White House confirms US Navy did not escort vessels vi
Updated : 4 days, 5 hours ago IST
White House Press Secretary Karoline Leavitt on Tuesday (local time) said that the United States has not escorted any vessels or tankers via the Strait of Hormuz amid the developing security situation in West Asia and the Gulf.
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Only God and Trump know when war will begin and end: Ex MoS MEA MJ Akbar o
Updated : 4 days, 9 hours ago IST
Reflecting on the West Asia crisis, former Minister of State for External Affairs MJ Akbar said that only God and US President Donald Trump know when the war will end. Speaking to ANI, he said that Trump's war objectives are shifting, with regime change giving way to regime adjustment, an
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Trump warns Iran against attempting to block Strait of Hormuz and disrupti
Updated : 4 days, 18 hours ago IST
United States President Donald Trump on Tuesday warned Iran against attempting to disrupt global oil supplies, saying Washington would respond with overwhelming force if Tehran tried to interfere with energy shipments through the strategically vital Strait of Hormuz.
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US missile strike targets school and residential homes in Iran's Khomeyn:
Updated : 4 days, 22 hours ago IST
Reports indicate a US missile strike hit a school in Khomeyn, central Iran. This comes as the IRGC vowed to "determine" the war's end, rejecting US claims of a "short-term excursion." Amid threats to global oil supplies, Russia and France are pursuing diplomatic and defensive measures to
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Sanjay Singh submits Rule 267 notice in Rajya Sabha; says West Asia confli
Updated : 4 days, 23 hours ago IST
The Aam Aadmi Party (AAP) MP has said that the ongoing conflict "poses serious risks" for India's trade, economy and energy security, as crude prices shot up due to uncertainty in maintaining safety over global shipping routes.
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