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.
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
Addressing a gathering in Kentucky, Trump said, "I'm pleased to report that earlier today, the International Energy Agency agreed to coordinate the release of a record 400 million barrels of oil from various national petroleum reserves around the world, which will substantially reduce the
"The government should clarify - what is the amount of reserves in our country presently, how much is left, how much can be consumed over how many days, and by when are they expecting that the LPG supply would be normalised. I believe the government is having talks; the people of this nat
Shiv Sena (UBT) MP Priyanka Chaturvedi on Tuesday launched a scathing attack at the Centre over the alleged shortage of commercial Liquefied Petroleum Gas (LPG) cylinders, claiming that the government "lied" regarding the energy stock reserves.
Speaking at a press conference in Tehran, Iranian Foreign Ministry spokesperson Esmaeil Baghaei alleged that Washington's actions are aimed at gaining illegal control over Iran's vast energy reserves, adding that the objective of the United States and Israel is to violate Iran's sovereign
A Patiala House Court on Monday reserved its order on the bail pleas of three Indian Youth Congress workers, namely Divyansh Girdhar, Bhudev Sharma and Kuber Meena, who are currently in judicial custody in connection with the AI Summit protest case.
The SBI Research report notes, "With the supply-supply chain triggered squeeze anchoring higher spot and forward prices across Gas and Oil, the US enterprises could reap benefits that more than adequately compensate the spending on war."
India currently maintains a combined energy buffer of over 250 million barrels of crude oil and refined petroleum products, equivalent to approximately 4,000 crore litres, according to a government report. This stockpile provides seven to eight weeks of coverage across the full supply chain,
India's macroeconomic outlook remains resilient despite heightened global risk conditions and escalating military tensions in West Asia. According to a report by Shriram Wealth, while immediate market volatility persists, India's strong foreign exchange reserves of over USD 700 billion and m