Tag: Strait of Hormuz
Oil marketing firms suspend fuel on credit to pumps amid West Asia crisis| Business News
New Delhi : Pay up first, tank up later; at a time of crunch, that’s the message from state-run oil marketers to fuel stations. A…
There’s a Red Sea alternative to Strait of Hormuz for oil, but here’s the problem: Why Yanbu route may not work
There’s much talk of alternative routes as the Strait of Hormuz remains closed with Iran, in retaliation for US-Israeli strikes, squeezing oil trade and the…
India’s trade deficit narrows before Iran war impact shows on economy| Business News
India’s trade deficit narrowed more than expected in February as a cooling import bill offset stagnant exports, but that was before the Iran war took…
Modi-govt walks fine line between Iran and US as war hits economy
India’s Prime Minister Narendra Modi is stepping up engagement with Iran as a worsening conflict in the Middle East causes severe gas shortages in the…
West Asia conflict could hurt agri input availability: UPL Executive
New Delhi: Escalating geopolitical tensions and disruption around the Strait of Hormuz have increased the cost of major agricultural inputs and if the situation continued,…
Iran conflict could increase challenges for emerging market sovereigns: Fitch
New Delhi: Fitch Ratings on Monday said the Iran conflict could raise additional challenges for some emerging market sovereigns in areas like energy imports, remittances…
Energy imports into the country are in full flow from all Non-Hormuz routes: Union Minister Hardeep Puri
Amidst the ongoing uncertainty in the global oil and energy market due to West Asia crisis, Union Petroleum Minister Hardeep Singh Puri has informed that…
Forget oil and gas, a bigger Iran war risk is shaping up
The escalating Iran war focused global attention on the Strait of Hormuz, the narrow maritime corridor that carries a fifth of the world’s oil supply….
Fertiliser stocks at record high, insulated from Middle East supply risks: Govt
New Delhi, India’s fertiliser inventories have surged to their highest level ahead of the kharif (summer) crop season, the government said on Friday, seeking to…
Piyush Goyal in talks with shipping ministry, companies to tackle stuck cargoes as Middle East crisis stalls trade
Commerce Minister Piyush Goyal said on Friday he was holding talks with the shipping ministry and companies in the sector to free up cargoes marooned…