Oil Trade

What if Strait of Hormuz doesn't reopen and global oil shock deepens?

Nearly 90 days since the US-Israeli war on Iran all but closed the oil-and-gas sea route, it's worth considering what seems unthinkable but has happened elsewhere before

1973 and now: How Indira's self-destructive responses are instructive today

An oil shock, monsoon fears, rampant unemployment, and the seeming inevitability of inflation, are common to both eras. Indira Gandhi's self-destructive responses are instructive today

India's oil trade deficit requires it to tame its demand as well

Reducing oil import dependence requires India to also curb its demand for oil

India's oil trade deficit set to balloon to new high in FY27: Crisil

Crisil expects India's oil trade deficit and current account deficit to widen sharply in FY27 as Brent crude prices rise amid the West Asia crisis

Oil stabilises on diplomacy hopes, yet structural risks persist: Analyst

MCX Crude Oil on the daily chart is consolidating within a symmetrical triangle pattern, indicating a phase of compression after the recent volatile swings

Policy prescription: MoF's economic review presents a realistic assessment

One clear message from the West Asia conflict is the need to build buffers of key inputs, and this should not be limited to oil and gas

Oil shock 2026: Milder than the 1970s but reshaping India's energy outlook

The decade of the 1970s provides us the reference point. The world experienced big jumps in prices of crude oil in 1973 and 1979

Iran again tightens grip on shipping in Strait of Hormuz with fresh attacks

Traffic in the strait has all but halted as Iran renews its attacks, striking two vessels on Wednesday; more than 300 ships linked to Iran have passed through the strait since the war began

Indian refiners pay for Iran oil in yuan via ICICI Bank, says report

Indian refiners use yuan via ICICI to settle rare Iranian oil purchases under US waiver, as sanctions and payment hurdles complicate trade

US rules out renewing exemptions from sanctions on Russian, Iranian oil

The United States on Wednesday ruled out granting any further exemption from sanctions for the purchase of Russian or Iranian oil. US Treasury Scott Bessent announced at a press conference at the White House here. "We will not be renewing the general license on Russian oil, and we will not be renewing the general license on Iranian oil. That was oil that was on the water prior to March 11, so all that has been used," Bessent told reporters here. On March 5, the US issued a 30-day sanctions waiver to India, permitting it to buy Russian oil despite sanctions imposed over the Ukraine war. A few days later, the US extended the sanctions waiver to a few other nations. The waiver from sanctions expired on April 11.

Iran threatens to disrupt Gulf trade in response to US blockade of Hormuz

The commander of Iran's joint military command on Wednesday threatened to halt trade in the Gulf region if the US does not lift its blockade on Iranian ports. No vessels have made it past US naval forces during the first 48 hours of the blockade, according to the US Central Command. Even so, US President Donald Trump said the war in Iran was "very close to over" in an interview that aired Wednesday. Trump also claimed that China has agreed not to provide weapons to Iran as reports circulate that Beijing has considered transferring arms. China's Foreign Ministry has repeatedly denied in recent days that the country is providing any form of military support to Iran. Separately, Treasury Secretary Scott Bessent warned on Wednesday that the US is preparing to ramp up economic pain on Iran by levying secondary sanctions on financial institutions that do business with the Middle Eastern nation. Bessent called the measure the "financial equivalent" of the bombing campaign. Meanwhile, ...

US-sanctioned tanker turns back to Strait of Hormuz, day after Gulf exit

US Central Command said no ships managed to pass through the blockade in the first 24 hours, adding that several vessels were instructed to turn back toward Iranian ports

JNPA says ops efficiency maintained amid global supply chain uncertainties

JNPA says it has maintained operational efficiency despite global supply disruptions, with improved container dwell time, steady cargo movement, and strong performance indicators in FY26

Why Donald Trump's Hormuz blockade is as much about China as Iran

If US enforces the blockade, the Iranian economy will suffer an enormous blow on top of the war destruction and will need to start shuttering oil wells in next few days as its storage tanks fill up

HPCL issues rare tender seeking LPG tanker to load from Russian port

Hindustan Petroleum Corporation Limited seeks LPG cargo from Russia as Hormuz disruption deepens supply crisis, forcing India to diversify sourcing beyond the Middle East

21 hours in Pakistan: How Vance tried and failed to end a war he opposed

JD Vance leaves Pakistan without a deal as US-Iran talks collapse, deepening uncertainty over ceasefire and escalating tensions in the Strait of Hormuz

Chinese oil tankers join line to test hormuz exit amid US-Iran ceasefire

A successful crossing is not yet guaranteed, as several vessels have turned back at the last moment and there has been little change in traffic over the past day

Gulf nations explore oil routes beyond Strait of Hormuz amid Iran war

Amid rising Iran tensions, Gulf nations are reportedly exploring pipelines and new trade corridors to reduce dependence on the Strait of Hormuz

Red Sea tensions could push Brent to new cycle high in April, says analyst

A broader escalation-including the potential closure of the Red Sea chokepoint by Yemen's Houthis-would likely push both Brent and WTI to new cycle highs

Traders bet $580 million on oil before Donald Trump's post on Iran talks

Traders reportedly placed $580 million in oil bets minutes before Donald Trump's post on Iran talks, triggering sharp moves in crude and stocks and raising questions over the timing of the trades