Crude oil prices surged to nearly $120 a barrel earlier this week due to the war between the US and Iran. The ongoing conflict has disrupted energy production in the Middle East and resulted in a blockade of the Strait of Hormuz, which is a vital shipping lane. The effective closure of the Strait of…
US Energy Secretary Chris Wright posted a post on social media platform X on Tuesday. In this he claimed that the US Navy provided complete security and escorted an oil tanker in the Strait of Hormuz. But within a few hours of posting he deleted it. Now there is a lot of discussion about this…
US Energy Secretary Chris Wright posted a post on Twitter on Tuesday, in which he claimed that the US Navy has successfully escorted an oil tanker from the Strait of Hormuz. It was written in the post that US President Donald Trump is keeping the global energy supply stable during military operations against Iran and…
LPG crisis india: Morgan Stanley said that there are disruptions in energy supply due to LNG and propane… highlights Global investment bank Morgan Stanley has adopted a cautious stance on Asian stock markets amid the deepening risk of the Iran conflict. The brokerage has reduced India’s stake in the portfolio from ‘overweight’ to ‘equal-weight’ due…
The ongoing war involving Iran has almost brought tanker traffic through the Strait of Hormuz to a standstill, causing sharp swings in oil prices and underlining how crucial the narrow waterway is for global energy supplies, as reported by AP. Tehran’s Revolutionary Guards have vowed to block oil exports through the strait, saying they will…
Quagmire is an English word popular in armies around the world. In Hindi it means swamp. War often proves to be such a quagmire in which even the world’s largest and most powerful army gets stuck. Therefore, America is also not an exception to this. If we talk about history, America is the only country…
The International Energy Agency (IEA) has proposed the largest ever release of crude oil from strategic reserves in its history, The Wall Street Journal reported on Tuesday, citing officials familiar with the matter. Energy officials from the IEA’s 32 member countries discussed the proposal at an emergency meeting amid the US-Israel war with Iran on…
Former US President Donald Trump said in an interview with CBS News on Monday that he feels the ongoing war against Iran is almost over. He said that this conflict has extended much further than his initial estimate of four to five weeks. The Islamic Revolutionary Guard Corps (IRGC) reacted to Trump’s statement. The organization…
US-Iran War: External Affairs Minister S Jaishankar on Tuesday spoke with his Iranian counterpart, Seyed Abbas Araghchi, amid growing concerns over the fallout from the West Asia crisis, particularly regarding energy supplies. It was the third time that Jaishankar spoke with Araghchi since the US and Israel launched the joint military strikes on Iran, news…
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…
