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.
"There are some challenges, but like the EAM assured the house yesterday and the Petroleum and Natural Gas Minister has been repeatedly assuring, the energy security of the country is the foremost priority for the govt. I would like to assure the people of Karnataka, especially the hoteli
The primary concern for the Indian economy is the sharp increase in fuel costs. According to the report, "Brent has moved up from a range of US$ 65-US$ 70 per barrel to US$ 110 per barrel since the war broke out." This surge is linked to major infrastructure failures in the region. "Iran's o
Samajwadi Party MP Ram Gopal Yadav on Sunday alleged that the Union government is "misleading" the public with respect to the fuel concerns arising out of the disruption of maritime traffic in the Strait of Hormuz as the military escalation in the Middle East enters into the second week.<
"The Central Government has assessed that the ongoing conflict in the Middle East has resulted in the "disruption of liquefied natural gas shipments through the Strait of Hormuz", which has led to suppliers invoking force majeure clause which would entail diversion of natural gas to the prio
Mumbai (Maharashtra) [India], March 10: As geopolitical turbulence reshapes global capital flows, Maharashtra Chief Minister Devendra Fadnavis used the IGF Mumbai 2026 Leaders Dinner to deliver a striking pitch for India's financial capital: Mumbai is mid-transformation, and the most consequ
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.
Iran's IRGC has rejected US President Donald Trump's claim that the conflict will end "soon", asserting it will "determine" the war's conclusion. Tehran warned it would halt all regional oil exports if attacks continue, while Trump threatened to hit Iran "twenty times harder" if global su
US President Donald Trump suggested a temporary waiver of certain oil sanctions to curb soaring energy prices. He noted the US Navy could escort tankers through the Strait of Hormuz if necessary. This follows recent Treasury sanctions on Iran's "shadow fleet" used to fund military program
US President Donald Trump warned Iran of a response "twenty times harder" if they block the Strait of Hormuz. Claiming the war is "pretty much over," he stated Tehran has no military assets left. However, the IRGC countered that they will "determine the end of the war."
The escalating conflict in West Asia and disruption of flows through the Strait of Hormuz could have significant implications for India and the global economy, potentially pushing crude oil prices higher and adding to inflationary pressures, according to Anindya Banerjee, Head of Commodity a