Tag: oil prices
Global oil prices jump over 30% as Middle East conflict escalates
Oil prices surged to $114 a barrel as more major Middle East producers cut production, the Strait of Hormuz remained largely closed, and the United…
Middle East conflict poses near-term challenges to Indian economy: RBI MPC member
Conflict in the Middle East poses some immediate-term challenges for the Indian economy but is unlikely to dent long-term economic growth momentum, an external member…
Iran war disrupts global ocean freight and air cargo supply chains beyond oil
NEW YORK: The Iran war has effectively halted oil tanker movement in the key Strait of Hormuz. But it’s also disrupting the wider global supply…
View: For India, much more at stake than just oil this time
Past conflicts in the Middle East typically hit India at the gas station. This time, the risks transcend oil, threatening everything from smartphone exports to…
China’s Russian oil imports to hit new record in February as India cuts back
SINGAPORE: China‘s Russian oil imports are set to climb for a third straight month to a new record high in February as independent refiners snapped…