Strait of Hormuz

New Delhi, Apr 30: In worsening developments related to the economic situation, the Indian Rupee today fell below 95 dollars, hitting the all-time low, and the price of international crude surged past 125 dollars per barrel. The Indian…
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New Delhi, Apr 29: Against the backdrop of Iranian attacks on vessels involving Indian interests, India has strongly deplored the targeting of commercial shipping through the Strait of Hormuz and termed such actions as “unacceptable”. At…
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New Delhi, April 28: Oil India Limited, in partnership with Indian Oil Corporation Limited, has announced a fresh oil and gas discovery in Libya’s prolific Ghadames Basin, marking a key milestone in India’s overseas exploration efforts.…
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The central government is reportedly preparing a financial support package for industries affected by trade disruptions arising from the ongoing US-Iran conflict. According to reports, the plan may be part of a larger ₹2.5…
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New Delhi, Apr 20: The prices of precious metals in futures declined today in India, amid profit booking as the US dollar strengthened and oil prices increased over 5 per cent in the international market in view of fresh escalation between…
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New Delhi, Apr 20: One more ship carrying crude oil is headed towards India and is expected to reach Mumbai two days from now. The Indian-flagged crude tanker 'Deshkarima'  safely crossed the Strait of Hormuz on April 18, said Mandeep…
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New Delhi, Apr 18: An Iranian vessel, carrying crude oil, is headed for India, making it the third such shipment from the Persian country in a span of one week, according to a media report. The Iranian supertanker 'Dorna' was last seen…
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New Delhi, Apr 16: The situation regarding LPG and other petroleum products in India is likely to worsen because of the latest two decisions of the United States (US). One decision of the Trump Administration is to let its one-month…
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New Delhi, Apr 15: Even as the actual impact of the West Asia war unravels, the International Monetary Fund (IMF) has marginally raised India’s growth forecast for the current financial year, pegging it at 6.5%. The upward revision is to…
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New Delhi, Apr 11: There is some more good news for the citizens of India in respect of the LPG. One more vessel, carrying 20,400 MT of LPG, has crossed the Strait of Hormuz and is expected to reach Mumbai on April 15, according to the…
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