Taking a major decision, US President Donald Trump has given temporary permission to all countries to buy Russian oil for 30 days. This decision has been taken at a time when there is immense pressure in the global oil market due to the ongoing war in the Middle East and crude oil prices have reached…
Amidst the ongoing war in the Middle East, the whole world is becoming increasingly concerned about the supply of oil. News is coming out that Iran is now preparing to make the world yearn for every drop of oil. After the almost closure of the Strait of Hormuz, the fuel crisis in the world has…
Donald Trump warning to Iran: Amidst the increasing tension in the Middle East, US President Donald Trump has given a strong warning against stopping the supply of oil to Iran. Trump has said that if Iran tries to stop the supply of oil in the Strait of Hormuz, strict action will be taken against it….
Some oil majors and leading trading houses have suspended crude oil and fuel shipments via the Strait of Hormuz amid escalating US and Israeli strikes on Iran and Tehran’s retaliation, Reuters reported, citing four trading sources. “Our ships will stay put for several days,” one senior executive at a major trading desk told Reuters. The…
