Tag: Strait of Hormuz
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…
US-India trade deal is almost at finish line: US Deputy Secretary of State Landau
New Delhi, The United States will work with India to make sure that its short and long-term energy needs are met, US Deputy Secretary of…
Iraq cuts crude oil production as blocked Strait of Hormuz fills up storage| Business News
Iraq has started shutting crude oil production at its biggest oilfields and is set to make even deeper reductions in the coming days—the clearest sign…
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…
Iraq halves output at Rumaila, world’s second largest oilfield, due to Hormuz blockade| Business News
Iraq has more than halved production at the world’s second largest oilfield in Rumaila after the Islamic Revolutionary Guard Corps declared the Strait of Hormuz…
Crude shock for India as New Delhi emerges most vulnerable to Iran war| Business News
The Iran war has exposed a structural weakness in India’s economic engine—a precarious lack of oil buffers. As Israeli and US strikes on Iran effectively…
Indian Oil-led refiners eye Russian crude oil again as Iran war chokes Strait of Hormuz| Business News
India’s state-run refiners led by Indian Oil Corp. Ltd. met government officials over the weekend to hammer out contingency plans as an escalating Iran war…
Sensex down 2,743 points, Nifty 50 well below 25,000 as Iran war ignites stock market| Business News
Dalal Street in Mumbai was engulfed in panic on Monday as India’s benchmark indices Sensex and Nifty 50 cratered at the opening bell, with investors…