Browsing Tag

Hormuz

World on edge as fighting restarts in West Asia; oil, gas supplies may be hit

Business Vibes of India Jul 8, 2026

New Delhi, July 8: Countries around the world are again on the edge as fighting resumed between Iran and the US, with President Donald trump today declaring that interim peace deal was ‘over’ Tensions re-ignited after a lull of about…
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Brent crude oil price falls to pre-conflict level as OPEC+ decides to raise production

Business Vibes of India Jul 6, 2026

New Delhi, July 6: The price of Brent crude oil fell below $72 per barrel today after much improved movement of vessels through the Strait of Hormuz coupled with the decision of OPEC+ to raise production targets for August. The Brent…
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Venezuela Becomes India’s Third-Largest Crude Oil Supplier Amid West Asia Crisis

Business Vibes of India May 22, 2026

New Delhi, May 22: Venezuela has emerged as India’s third-largest crude oil supplier in May 2026, overtaking Saudi Arabia as Indian refiners increased purchases of cheaper heavy crude amid ongoing disruptions linked to the West Asia…
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