Crude Oil

An Indian-flagged crude tanker sailed out safely from the UAE's Fujairah after loading oil, despite an attack on the oil terminal, as the government on Sunday said it is closely monitoring the situation in West Asia while ensuring stable fuel supplies and maritime safety. The vessel, Jag Laadki, carrying about 80,800 tonnes of Murban crude oil, departed Fujairah at 1030 hrs IST and is bound for India, with all crew members safe, the government said in an update on preparedness measures. Jag Laadki is the fourth Indian-flagged vessel to have come out of the war zone unharmed. Besides, the safe passage being an important milestone for Indian diplomacy, the cargo they are carrying is considered critical as shipping constraints in the Strait of Hormuz have impacted India's energy supplies. "On March 14, 2026, while the Indian-flag vessel Jag Laadki was loading crude oil at the Fujairah Single Point Mooring, the Fujairah oil terminal was attacked. The vessel sailed safely from Fujairah

The country still faces a shortfall of 700,000 bpd of crude oil in March compared to Feb

India was also granted a similar 30-day waiver on March 5 for purchase of Russian oil

Oil prices rose sharply after Iran's Supreme Leader, Ayatollah Mojtaba Khamenei, said that Tehran could leverage the potential closure of the Strait of Hormuz and warned of attacks on Gulf Arab states

Nifty fall today:On a year-to-date basis, the Nifty has shed nearly 11 per cent, with near 7 per cent of the fall coming this March amid the US-Iran war. Analysts fear further downside for the market.

India will soon receive two cargoes each of crude oil and LNG via routes bypassing the Strait of Hormuz as refiners boost LPG production to ease supply pressures

The rupee weakened to 92.04 per dollar on Wednesday as rising crude oil prices, geopolitical tensions in West Asia and equity outflows weighed on the currency

A sudden spike in crude oil prices rattled global markets and triggered a sharp fall in Indian equities. The Sensex plunged over 2,700 points intraday, while the Nifty slipped below the 24,000 mark.

Kharg Island handles most of Iran's oil exports and is vital to its economy. Despite rising Israel-Iran tensions and strikes on other targets, the small Gulf island has remained untouched so far

Oil prices have already risen 23.6 per cent, from about $72 per barrel a day before the war began on February 28 to around $89 per barrel now

The retail prices of petrol and diesel currently stand at ₹94.77 per litre and ₹87.67 per litre, respectively, in Delhi, compared to ₹110.04 per litre and ₹98.42 per litre, respectively, in Nov 2021

According to analysts, the broader weakness in metal stocks reflects the risk-off sentiment across global markets amid rising geopolitical tensions

The war has significantly disrupted energy markets and heightened concerns about supply flows through the Strait of Hormuz, one of the world's most critical oil shipping routes

Asian buyers are rushing to secure fuel supplies to offset production losses from expected refinery run cuts as the near-halt in traffic in the Strait of Hormuz constrains oil supply to the region

There's around 15 million barrels of Russian crude on tankers in the Arabian Sea and the Bay of Bengal, while vessels carrying another 7 million are idling near Singapore

Asian refiners are struggling to secure prompt replacement crude cargoes as Iranian threats to shipping through the Strait of Hormuz have disrupted crude oil flows

India is vulnerable to supply ‌shocks, with crude stocks covering only about 25 days of demand, while refiners hold similarly limited inventories of gasoil, gasoline and liquefied petroleum gas

The combined market capitalisation of all BSE-listed companies has fallen by more than ₹21 trillion over the past three sessions

The "war premium" has pushed Brent crude toward the $100 per barrel threshold, reigniting stagflation ary fears that central banks thought they had conquered

Copper and aluminium prices are surging, crude is climbing and the rupee is weakening, raising input costs for appliance makers as geopolitical tensions strain supply chains