Amidst the ongoing war in the Middle East, a big tanker carrying crude oil from Saudi Arabia has reached Mumbai safely. This ship has crossed the Strait of Hormuz and reached India, which has brought relief to the concerns regarding fuel supply. According to the information, the Liberian flagged oil tanker Shenlong (Suezmax) had departed…
Iran has permitted Indian-flagged vessels to transit the Strait of Hormuz following back-channel diplomatic negotiations between New Delhi and Tehran – even as the waterway remains effectively closed to ships linked to the United States, Europe, and Israel, according to several media reports. The Indian-flagged tankers Pushpak and Parimal transited the Strait of Hormuz safely,…
Conclusion If tensions escalate and oil stays high, the Nifty could see a further drop towards 23,000-23,500, with 22,000 possible in an extreme scenario. The outcomes at the moment are hard to predict. However, it definitely does not make sense to sell your stocks at these low levels. Source
(Bloomberg) — Oil advanced a second day following another volatile session as escalating rhetoric over the Iran war raised concerns over a prolonged conflict, outweighing an emergency release of crude reserves by wealthy nations. West Texas Intermediate gained as much as 3% to $89.87 a barrel after adding almost 5% on Wednesday. Iran told regional…
As many as 28 Indian vessels, carrying 778 seafarers, are currently situated in the Persian Gulf, a government official said on Wednesday. Rajesh Kumar Sinha, Special Secretary in the Ministry of Ports, Shipping and Waterways, detailed in a media briefing that 24 of these ships, with 677 crew members, are located in the western portion…
New Delhi: A total of 28 India-flagged ships with 778 Indian seafarers are stranded in the Persian Gulf region due to the blockade of the Strait of Hormuz, the government said on Wednesday. Of these, 24 vessels are located west of the strait, while the rest are in the east, officials said, adding that their…
US President Donald Trump’s big statement has come amid the deepening oil crisis in the world due to the war in the Middle East. Amidst the global tension over the Strait of Hormuz, considered the world’s most important sea line, he made a big claim and said that all Iranian ships capable of laying mines…
Iran has cautioned that global oil prices could reach $200 per barrel following a series of assaults by its forces on merchant vessels in the blockaded Persian Gulf this Wednesday. Simultaneously, Tehran launched missile strikes at Israel and various regional targets, aiming to prove its military resilience despite what the Pentagon characterizes as unprecedentedly intense…
India, in its first statement after the targeting of a Thai-flagged cargo vessel, said that it “deplores” the attack on a commercial shipping. India also reiterated that assaults on merchant vessels and actions that endanger the lives of crew members must be avoided. Mayuree Naree was bound for Kandla in Kutch district of Gujarat, India….
US President Donald Trump said the war with Iran could end “soon”, claiming that American and Israeli forces have already destroyed most of the targets available in the country. “Little this and that… Any time I want it to end, it will end,” Trump was quoted as saying by Axios on Wednesday (March 11). There…
