Congress on Saturday slammed the Centre after United States Treasury Secretary Scott Bessent reiterated that Washington DC has granted India the 30-day "permission" to purchase Russian oil, questioning Prime Minister Narendra Modi's "silence" on the waiver.
Saudi air defences intercepted 16 drones targeting the Shaybah oil field and missiles aimed at Prince Sultan Air Base. Amid rising regional tensions, the Kingdom and GCC condemned the "treacherous Iranian aggression," with Riyadh asserting its "full right" to take all necessary measures t
Crude oil prices shot up sharply, reportedly after the US President Donald Trump sought what he called "unconditional surrender" from Iran, intensifying worries about a prolonged conflict that could disrupt global energy supplies.
Scott Bessent, the US Treasury Secretary, yet again said that the United States has given India the "permission" to accept Russian oil in the wake of the developing security situation in West Asia.
"I want to ask the BJP and RSS, how dare Trump's minister grant us time to buy oil? Who are they to dictate to us? BJP-RSS people, if you have love for the country, shun them (US) and tell them that we will buy oil from whosoever we want. Why are they silent on this? This is a question of
Deputy to the Chief of the Air and Space Force Staff in the French Air Force, Major General Dominique Tardif, on Friday stressed the need to address security threats in the Strait of Hormuz amid the ongoing West Asia conflict, saying international cooperation would be essential to tackle the
While the government frames the move as a pragmatic victory for energy security amid the escalating West Asia conflict, the Opposition argues it exposes a newfound Indian dependency on Washington's "permission." The ruling BJP party hails this as a "diplomatic win" and a success of PM Mod
US Energy Secretary Chris Wright on Friday said that Washington's decision on issuing a 30-day waiver to India to purchase certain Russian oil supplies is part of "short-term measures" aimed at keeping global oil prices under control amid supply pressures linked to tensions in the Middle
The report noted, "If the crisis persists, it could have material implications for the exchange rate and the current account deficit and could stoke inflationary pressures."
"Reports on social media suggesting a shortage of petrol and diesel are baseless. India has sufficient fuel stocks, and supply and distribution networks are functioning normally," IndianOil said.
"It is not shocking that America is happy with the trade deal. As per the trade deal, we are decreasing the import tax, especially in the agricultural sector. They (US) are increasing it. The statement issued by the US Treasury Secretary regarding Russian oil is extremely catastrophic. Fr