Strait of Hormuz

New Delhi, Sept 28: Oil prices rose today after Iran refused to ease its conditions for reopening the Strait of Hormuz following US President Donald Trump's rejection of Tehran’s proposal, reducing expectations of a swift return to normal…
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New Delhi, Aug 17 (NVI) Iran made it clear today that it will not reopen the Strait of Hormuz until the United States accepts its conditions, including lifting of the blockade, payment of compensation for months of war damage and ending…
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New Delhi, Aug 17: With their energy import situation precariously poised, countries around the world, including India, are keenly watching as the 60-day deadline set under the deal between the US and Iran comes to an end today.…
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New Delhi, Aug 16: For the first time, the government has fixed maximum cooking gas LPG production targets for individual public- and private-sector refineries and upstream companies. In an order, the Petroleum and Natural Gas…
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New Delhi, Aug 11: Prices of international crude oil rose today to the highest levels in more than a week against the backdrop of reduced hopes of an early end to the war in West Asia as US President Donald Trump raised the bar for a deal…
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New Delhi, July 21: Displaying volatility, crude oil prices rose nearly 1 per cent to Rs 8,014 per barrel in futures trade today amid ongoing tensions in West Asia and anxiety over supply disruptions. Brent was hovering around the USD 90…
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New Delhi, July 20:  Brent crude oil today was trading at its highest price since June in the wake of increased fighting in West Asia. Crude surged over the past week as the US and Iran traded fire, engulfing the region and…
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New Delhi, July 17: With West Asia witnessing a major escalation, movement of ships through the critical Strait of Hormuz is falling sharply, which will have a spiral impact on the energy supplies and prices globally. Vessel traffic…
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Mumbai, July 16: Depreciating for the fourth straight day, Rupee shed 8 paise to settle at 96.33 (provisional) against the US dollar amid volatility in global crude oil prices and a stronger greenback as the West Asia crisis intensified.…
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Mumbai, July 16: The Indian Rupee declined by 6 paise to reach 96.31 against the US dollar in early trade today amid volatility in global crude oil prices and a stronger greenback with the West Asia crisis showing no signs of abating.…
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