Strait of Hormuz Crisis: Even if there is a permanent ceasefire between Iran and America, it does not mean that the situation will become normal immediately. Especially in the Strait of Hormuz, one of the world’s most important sea routes, the situation may remain affected for a long time. The US Defense Department Pentagon has…
Amidst the ceasefire in the Middle East, the Strait of Hormuz has been declared completely open for commercial ships. However, the US has indicated that it will continue the naval blockade against Iran. Iran’s Foreign Minister Saeed Abbas Araghchi said that after the ceasefire in Lebanon, this important waterway has been completely opened for all…
The impact of the ongoing war in the Middle East is now clearly visible on the energy sector. The situation has become more serious due to the attack on Qatar’s gas plant amidst the ongoing war between Iran and Israel. This may affect the supply of LPG gas in many countries including India. LPG i.e….
To handle the situation, the government has decided to give priority to domestic consumers. LPG production has been increased in refineries and rules related to booking have also been tightened so that no one can do unnecessary stock. Despite this, balancing between demand and supply still remains a challenge. In such times, mobile apps have…
Saudi Aramco jumped the most since May 2023 on Sunday as the Iran war entered its second week, prompting supply disruptions that may send oil prices higher when global markets reopen. Shares of the state-backed oil giant climbed as much as 4.9% intraday in Riyadh, on the first day of trading for the stock since…
