Daily Headlinez Top News Updates
New Delhi: With no sight of the Strait of Hormuz (SoH) opening for commercial traffic in near future, shipping ministry has shared a list of around 40 India-bound “priority vessels” with the external affairs ministry, suggesting the option of evacuating them through territorial waters of Oman. Oman’s territorial waters is on the south of SoH…
Saudi Arabia is set to significantly scale back its oil supplies to China next month, with traders indicating that shipments could fall to nearly half of the volumes seen in April as the Middle East tensions continue to intensify and disrupt energy flow across the country.Chinese buyers are expected to receive around 20 million barrels…
Oil prices surged sharply on Monday, with Brent crude crossing the $110 mark and West Texas Intermediate (WTI) climbing past $100 a barrel, as the Middle East conflict completed its one month. Markets remained on edge as Houthis enter the Iran war and US plans to extend onground presence in the region, further fueling uncertainty…
An Iranian strike on a power facility in Kuwait killed an Indian worker and caused damage to infrastructure at the site, the Gulf nation’s electricity ministry said on Monday.“A service building at a power and water desalination plant was attacked as part of the Iranian aggression against the State of Kuwait, resulting in the death…
US President Donald Trump on Wednesday (local time) said that the United States would tap its strategic oil reserves to help reduce fuel prices as global energy markets reel from the escalating Middle East conflict.“We’ll do that, and then we’ll fill it up,” Trump said about releasing crude from the US strategic reserve. “Right now,…
The ongoing crisis in the Middle East has brought the Strait of Hormuz to the brink of closure, disrupting global oil supplies and forcing Gulf nations like UAE, Iraq and others, to slash production. With storage tanks filling rapidly, analysts warn of the growing risk of a total production shutdown if output is not carefully…
Oil prices spiked sharply on Tuesday as the Iran war disrupted supplies, with the Strait of Hormuz effectively closed and key energy infrastructure hit, AFP reported.The Brent North Sea crude contract, the international benchmark, jumped more than eight per cent to $85.12 a barrel, its highest level since July 2024.The main US oil contract, West…
Global oil markets are heading into a volatile phase as escalating tensions in the Middle East raise fears of supply disruption through one of the world’s most critical energy corridors, with analysts warning that crude prices could surge sharply if the conflict deepens.Khamenei’s death, confirmed by Iranian state media earlier, triggered warnings about strong retaliation…
