The Ministry of External Affairs clarified India's position on importing crude oil from Iran on Wednesday, stating that energy purchases are based on "market factors and the prevailing global situation."
The Delhi-Mumbai Expressway, counted among the most ambitious and eco-sensitive infrastructure projects by the Ministry of Road Transport and Highways, is steadily becoming a model for world-class and commuter-friendly expressways.
US President Donald Trump announced that China can resume oil purchases from Iran and expressed hope it buys more from the US. As he heads to the NATO summit, Trump carries a fragile Israel-Iran ceasefire he helped broker, urging both sides to uphold it despite fresh missile tensions.
New Delhi [India], June 24: Anjali Gold, India's leading name in truly pure mustard oil, has officially unveiled its new bottle design, marking a powerful continuation of its mission to bring honesty, purity, and transparency to Indian kitchens.
Crude oil prices are now expected to remain around USD 65 per barrel after US President Donald Trump announced a ceasefire between Iran and Israel, bringing relief to global markets.
Amid rising tensions in the Middle East due to continued military action by Israel and Iran, experts have said that any closure of the Strait of Hormuz will hit global oil trade.
In a sharp warning on Monday, US President Donald Trump urged "everyone," including businesses and individuals, to keep prices in check, cautioning that the rising costs could "play into the hands of the enemy."
Amid the ongoing conflict in the Middle East and rising crude oil prices, energy experts have said that oil supply through the Strait of Hormuz is unlikely to be immediately affected, though risks remain if tensions escalate further.
If the heightened tension in West Asia pushes average crude prices by USD 10 per barrel, it will typically push up India's net oil imports by nearly USD 13-14 billion during the year, enlarging India's CAD by 0.3 per cent of GDP, noted a recent report by ICRA.
There won't be a prolonged disruption to oil supplies, as there is no likelihood of escalation in the US-Iran conflict, noted a research report by UBS.
South Korean economy is bracing for the aftereffects of US attacks on three of Iran's core nuclear sites: Fordow, Natanz and Isfahan, according to reports by the Korea Herald.
"India will be affected by the war situation in the GCC (Gulf Cooperation Council) countries and the Persian Gulf. Food and oil security will be affected...7 billion dollars of Indian revenue is generated there, so India will suffer... India says that it is taking a leadership position -- ev