The US and Israel’s war in Iran has entered its 18th day, with no signs of easing so far. Amid the ongoing conflict, Prime Minister Narendra Modi spoke with the United Arab Emirates (UAE) President Sheikh Mohamed bin Zayed Al Nahyan, discussing developments in the region. According to a PTI report, the two leaders held…
The International Energy Agency (IEA) on Wednesday praised India after the latter welcomed the agency’s decision to release 400 million barrels of oil from emergency reserves as tensions escalate over the US and Israel’s war in Iran, reuters reported. IEA’s Executive Director Fatih Birol said he is “pleased to read India’s supportive statement for IEA’s…
The International Energy Agency (IEA) on Wednesday (local time) announced that it will release 400 million barrels of oil from its emergency stockpile available to the market to address disruptions in the global energy markets stemming from the war in the Middle East. The 32-member organization said the decision to take this emergency action was…
The United States military has struck and destroyed 16 Iranian mine-laying naval vessels near the Strait of Hormuz in a preemptive operation, as Washington warned Tehran of unprecedented consequences should it move to choke off one-fifth of the world’s oil supply — a move that would send shockwaves through global energy markets already destabilized by…
President Donald Trump offered sharply conflicting signals on Monday about the trajectory of the United States-Israeli war against Iran, first suggesting the campaign was nearly complete “very complete, pretty much,” before warning hours later that American forces could escalate their attacks if Tehran attempted to disrupt global energy supplies. Trump suggests war may be nearing…
Qatar has halted the production of liquefied natural gas (LNG) at the world’s largest export facility after it was targeted in an Iranian drone attack, triggering a sharp spike in European gas prices and sending shockwaves through global energy markets. According to a Bloomberg report, European gas prices surged more than 50% following the shutdown…
