Oil Trade

As the Iran war disrupts Gulf oil exports, higher prices and rising demand from India and China are delivering Russia an estimated $150 million a day in additional revenues

IRGC Navy chief Alireza Tangsiri said vessels crossing the Strait of Hormuz must obtain Iran's permission, criticising ships hit in recent attacks and dismissing US escort assurances

Iran fired upon commercial ships on Wednesday and targeted Dubai International Airport, escalating a campaign of bottling up the oil-rich Persian Gulf as global energy concerns mounted and American and Israeli airstrikes pounded the Islamic Republic. Iran's response to the surprise Israeli and US bombardment that started 12 days ago has upended trade routes, choked supplies of fuel and fertiliser coming out of the Gulf and threatened air traffic through one of the world's most-travelled regions. Both sides have dug in, hoping to outlast the other. Iran's new supreme leader, Ayatollah Mojtaba Khamenei, was wounded at the start of the war - on the day when his father and predecessor, Ayatollah Ali Khamenei, was killed in an Israeli airstrike, an Israeli intelligence assessment has found. An Israeli intelligence official and a reservist with knowledge of the assessment spoke on condition of anonymity because they were not authorised to discuss the matter with the media. They gave no ..

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

A major proportion of India's crude oil imports flows through the Strait of Hormuz, which remains an important trade point in the Gulf

Tensions in West Asia have put the Strait of Hormuz in focus; here's what this narrow sea route is, why it is crucial for global oil and gas supplies and how any disruption can affect prices worldwide

Four years after Russia's invasion of Ukraine, Western measures to restrict Russian crude oil flows are beginning to have a real impact as the Trump administration steps up pressure on India

Mitsui O.S.K. Lines is holding talks with Indian OMCs for joint ownership of oil carriers as it plans to expand its India-flagged fleet by 60-70% amid rising focus on domestic shipbuilding

In an extreme conflict scenario, Brent could feasibly spike above $100/bbl, as the market accounts for the loss of Iranian supply and the increased costs of rerouting global flows

The start of LNG exports from Eni's offshore Congo vessel signals growing industry confidence in floating LNG, as costs fall and companies seek faster ways to develop remote gas fields

A hidden fleet of aging oil tankers is quietly reshaping global trade.

Even as both PM Modi and Trump hailed the agreement, details on several key issues, including agriculture, India's purchase of Russian oil and the services sector, remain unclear

Lower crude prices, strong refining and marketing margins may help state oil companies double dividends to the government in FY26 despite geopolitical risks

Domestic refiners are scouting for additional crude supplies from traditional sources while also exploring new geographies

Mexico has become a key supplier of oil to Cuba after Venezuela's exports fell, drawing criticism from US lawmakers and adding strain to ties with President Trump

Russia is alarmed by US seizures of tankers that carry illicit Russian oil, which helps fund its economy

There has been a sharp rise in shadow fleet tankers switching to the Russian flag in the past month, with at least 17 vessels having done so in recent weeks

Despite holding the world's largest crude oil reserves, Venezuela plays a shrinking role in India's oil imports amid sanctions and collapsing exports

After the seizure of Maduro, President Donald Trump said US companies would spend billions of dollars to rebuild Venezuela's crumbling energy infrastructure

US action in Venezuela may lift oil prices briefly, but officials say India's energy supplies and trade face minimal risk given limited exposure and reduced crude imports