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NEW DELHI: One of the first crude oil tankers arrived at Mumbai Port after passing through the Strait of Hormuz since the Iran-US conflict began.According to news agency ANI, the Liberia-flagged tanker Shenlong Suezmax docked at Mumbai Port at 1 pm on Wednesday and was berthed at Jawahar Dweep at 6:06 pm. The tanker had…

NEW DELHI: Fears of LPG shortage have begun spreading across the country as the escalating conflict in Middle East disrupts global energy supply chains. The closure of the Strait of Hormuz following Iranian retaliation against US–Israel strikes has triggered panic buying, long queues at LPG agencies and petrol pumps, and forced restaurants and small businesses…

NEW DELHI: External affairs minister S Jaishankar has held three rounds of talks with his Iranian counterpart in recent days amid rising tensions in Middle East Asia, with discussions focusing on the safety of maritime shipping and India’s energy security.Addressing the weekly media briefing, Ministry of External Affairs (MEA) spokesperson Randhir Jaiswal sai, “External affairs…

On the weekly chart, MCX Gold is showing a sideways-to-bullish bias after retreating from its recent high. (AI image) Gold and silver price prediction: Gold prices are seeing a sideways-to-bullish bias and may rally to Rs 1.7 lakh mark while silver is likely headed to Rs 3 lakh, says Abhilash Koikkara, Head – Forex &…

NEW DELHI: A crude oil tanker that passed through the Strait of Hormuz has arrived at Mumbai Port, becoming one of the first vessels to reach India via the critical route amid escalating tensions in the Middle East. According to the Mumbai Port Trust, the Liberia-flagged tanker Shenlong Suezmax, captained by an Indian national and…

Data from the US Energy Information Administration shows that the US had 132 operational petroleum refineries as of January 2024. (AI image) Mukesh Ambani-led Reliance Industries (RIL) has partnered with America First Refining (AFR) to develop the first large oil refinery project in the United States in nearly fifty years, with President Donald Trump describing…

NEW DELHI: India, along with nearly 140 member states, backed on Thursday a United Nations Security Council resolution condemning Iran’s attacks on Middle Eastern nations as strikes continue after the US and Israel’s joint operation in Tehran. The 15-member council passed Resolution 2817 (2026) with 13 votes in favour, while China and Russia abstained. The…

As the conflict between the United States, Israel and Iran enters its 13th day, escalating attacks have begun disrupting global commodity markets beyond oil and gas. Explosions and sirens across the region reflect a widening conflict that has rattled energy routes and trade flows.Since the war began on February 28 with joint US-Israeli strikes on…

NEW DELHI: The Supreme Court on Thursday ruled that the determination whether a candidate falls within the creamy layer or the non-creamy layer of the OBCs cannot be decided solely on the basis of the income.“Determination of creamy layer status solely on the basis of income brackets, without reference to the categories of posts and…

China on Thursday ordered its refiners to immediately halt exports of refined fuel for March in a bid to manage potential domestic shortages triggered by the escalating Middle East conflict, Reuters reported citing sources.The directive was issued by the National Development and Reform Commission (NDRC) and covers shipments of gasoline, diesel and aviation fuel, four…