Strait of Hormuz
- Hyderabad
LPG shortage hits Hyderabad restaurants amid warning of possible shutdown
Hyderabad: Hyderabad’s hospitality sector has reported a sharp decline in the availability of commercial LPG cylinders, with several restaurants warning that the situation could lead to many temporarily shutting operations. With Israel…
- Business
India sets up committee to examine LPG supply issues as eateries warn closure
New Delhi: The oil ministry has constituted a committee to examine supply issues after a sudden shortage of commercial LPG cylinders alarmed the hospitality sector, with restaurant associations warning that eateries could…
- Middle East
US claims Tehran holding world hostage, Hezbollah backs Iran’s new leader
On the 10th day of the war between the United States, Israel and Iran, on Monday, March 9, the Islamic Republic’s health ministry reported a death toll of 1,255 with 12,000 people…
- India
LPG cylinder booking period increased from 21 to 25 days
New Delhi: The government has increased the minimum waiting period for booking a domestic LPG cylinder refill from 21 days to 25 days to prevent hoarding, as there were signs of panic…
- World
Crude oil prices spike near USD 120 a barrel as Iran war impedes production, shipping
Chicago: Oil prices spiked near USD 120 per barrel before falling back on Monday, March 9, as the Iran war intensified, threatening production and shipping in the Middle East and pummelling financial…
- Middle East
US main focus is our oil, wants to partition Iran, says Tehran
Iran’s Foreign Ministry spokesperson Esmaeil Baghaei alleged that the United States’s only aim is to gain control over its oil and natural resources and divide the country. “They waged a war while…
- World
Crude oil prices surpass USD 100 a barrel
Chicago: Oil prices eclipsed USD 100 per barrel for the first time in more than three-and-a-half years on Sunday, March 8, as the Iran war hinders production and shipping in the Middle…
- India
India taps alternative crude supplies as Iran conflict drags on
New Delhi: Indian refiners have begun negotiating for additional crude cargoes from the US, Russia and West Africa to ensure supplies remain adequate in the event of the Middle East conflict drags…
- Business
Gulf states weigh pulling investments from US, as war impacts budget: Report
The sovereign wealth funds and investment pledges of Gulf allies to Washington have come under doubt after the US and Israel began a war on Iran. According to a report in the Financial…
- India
India seeks US cover for Middle East energy cargoes: Source
New Delhi: India is tapping the United States to secure marine cover for vessels to ferry oil from the Middle East as it looks for continuity in energy supplies beyond its current…
- India
West Asia turmoil drags stock markets, Sensex tumbles 1,123 points
Mumbai: Benchmark stock indices Sensex and Nifty closed more than 1 per cent lower on Wednesday, March 4, in tandem with a weak trend in Asian markets as the conflict in West…
- Telangana
Need not worry about petroleum products: Minister Kishan Reddy amid Iran crisis
Hyderabad: Union Coal and Mines Minister G Kishan Reddy on Tuesday, March 3, said citizens need not worry about availability of petroleum products in the country due to the ongoing armed conflict…
- Middle East
What is Strait of Hormuz and why does its closure matter to global economy?
Kingston (Canada): The joint attack launched by the United States and Israel on Iran began on February 27 and has sparked a fast-moving conflict that could expand across the Middle East. Iran’s…
- Middle East
Iran war disrupts global 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 chain beyond oil, affecting everything from pharmaceuticals…
- India
No ship movement in Strait of Hormuz skyrockets oil prices
Frankfurt: Oil prices rose sharply on Monday, March 2, as disruptions to tanker traffic through the Strait of Hormuz chokepoint raised uncertainty about how US and Israeli attacks on Iran would affect…
