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US Iran Conflict affects global market
US

Oil prices spike as near-term crude hits record premium amid escalating Iran conflict

Oil markets are experiencing extreme volatility as near-term crude prices surge to record premiums over future contracts, driven by escalating tensions after president Donald Trump signaled continued military action against Iran.

Trump Iran operation
News

Trump says Iran operation nearing end but signals more strikes ahead

In a national address, president Donald Trump claimed US objectives in Iran are nearly complete, yet warned of intensified attacks in the coming weeks, leaving uncertainty over whether the conflict is winding down or entering a more aggressive phase.

India cuts fuel taxes
News

India cuts fuel taxes as global oil risks rise

Facing rising crude oil uncertainty tied to West Asia tensions, India has slashed fuel excise duties to ease pressure on consumers and oil firms, though the impact on pump prices may take time to materialize.

Indian Vessel allowed to pass through the Strait of Hormuz
News

Iran permits India amongst other nations to cross Strait of Hormuz

Iran has granted limited access through the strategically critical Strait of Hormuz to India and a few “friendly nations,” even as regional conflict drives global energy concerns and shipping disruptions.

Strait of Hormuz blockade
News

Iran blocks Pakistan-bound vessel at Strait of Hormuz amid escalating regional conflict

Amid rising tensions in the Middle East, Iran has tightened control over the Strait of Hormuz, halting a Pakistan-bound cargo ship and signaling stricter maritime enforcement during its ongoing conflict with the US and Israel.

Modi Trump Meeting
News

Modi, Trump stress urgency of keeping Strait of Hormuz open amid rising Middle East tensions

In their first call since US-Israel strikes on Iran, Indian prime minister Narendra Modi and president Donald Trump emphasized safeguarding global energy routes as escalating tensions threaten oil flows and economic stability worldwide.

Iran strike on Qatar LNG hub shakes global energy markets, raises concerns for India
News

Iran strike on Qatar LNG hub shakes global energy markets, raises concerns for India

An Iranian missile strike on Qatar’s Ras Laffan LNG facility has disrupted global gas supplies, rattled energy markets, and raised serious concerns for import-dependent nations like India amid escalating Middle East tensions.

Iran expands Gulf strikes as war escalates, catching Trump off guard
News

Iran expands Gulf strikes as war escalates, catching Trump off guard

Fresh Iranian attacks across the Gulf have intensified a widening regional conflict, disrupting oil flows and raising global economic fears, even as US officials say Donald Trump had been warned such escalation was likely.

India turns to diplomacy with Iran to reopen vital Hormuz shipping route
News

India turns to diplomacy with Iran to reopen vital Hormuz shipping route

India’s foreign minister says talks with Iran have begun easing passage for some Indian ships through the Strait of Hormuz, as conflict in West Asia disrupts global energy routes and threatens supplies of oil and cooking gas.

Trump urges allies to help secure Strait of Hormuz as shipping grinds to a halt
News

Trump urges allies to help secure Strait of Hormuz as shipping grinds to a halt

President Donald Trump called on countries dependent on Gulf oil, particularly China, to help protect the Strait of Hormuz after escalating conflict with Iran disrupted global shipping and pushed oil prices higher.