Tag: Strait of Hormuz
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…
Israel-Iran war’s ‘Strait’ fight can damage one of India’s well-built firewalls
India is likely confronting renewed economic uncertainty amid Israel-Iran war and after the killing of Iran’s Supreme Leader in joint US–Israel strikes, a move that…
Iran-Israel-US war: Ships asked to bypass West Asia ports
New Delhi | Mumbai: The government has asked Indian-flagged vessels to stay anchored at sea and avoid calling at West Asian ports, officials said as…
Oil, trade risks for India amid Iran-Israel war
Escalating tensions between Iran and Israel pose a threat to India’s energy security. Disruptions in West Asia could lift oil prices, push inflation higher, pressure…
OPEC to raise output as Iran war threatens to bolster rally in crude oil prices| Business News
The Organization of the Petroleum Exporting Countries (OPEC) has agreed to resume oil production increases next month as the Iran war brought on by Israel…
Uncertainty looms as shipping is hit, exporters in wait and watch mode
NEW DELHI: The war in West Asia will have a severe impact on trade and shipping as industry and exporters expect port closures. The air…