News

Iran approves closure of Strait of Hormuz, a vital oil and gas route
The Iranian parliament backed a move to close a major oil and gas route, after American airstrikes in the country.
The Financial Express8m
Strait of Hormuz closure: Two-fifths of India’s crude imports at risk
Iran’s threat to close the Strait of Hormuz raises concerns over oil supply disruptions. With two-fifths of crude imports at ...
Timelapse Shows Global Ship Traffic in Hormuz Strait Under Iran Threat
The Strait of Hormuz matters enormously because it channels roughly one‑fifth to one‑quarter of the world's oil supply, ...
Goldman Sachs warns of oil price surge on Strait of Hormuz risks
Goldman Sachs flagged risks to global energy supply amid concerns over a potential disruption in the Strait of Hormuz that ...
Any Iranian Closure of Hormuz Strait Would Be 'Extremely Dangerous', EU's Top Diplomat Says
BRUSSELS (Reuters) -An Iranian closure of the Strait of Hormuz would be dangerous and "not good for anybody", the European ...
Strait of Hormuz situation to not affect India's oil supply, will ensure stability of fuel supplies: Hardeep Singh Puri
Petroleum minister's statement comes at a crucial time when oil markets are expected to open sharply higher after US' ...