President Donald Trump stated that the US would strike Tehran even harder if an oil blockade occurred. Iran’s Revolutionary Guards warned on Tuesday that they would prevent any oil shipments from the Middle East if the US and Israel continue their attacks. Despite this tense rhetoric, crude oil prices fell, and global stock markets rose…
Iranian Foreign Ministry spokesperson Ismail Baghai has claimed that diplomatic routes have been closed because of America and Tehran is not responsible for this. He expressed his views before the media regarding ‘imposed war’, ‘relations with neighbours’ and ‘security of embassies’. In the weekly media briefing, he said that while Iran was continuing diplomatic dialogue,…
Global crude oil prices are on track to register the biggest weekly surge in four years as the war in the Middle East has unleashed a wave of disruption across energy markets, with maritime traffic in the Strait of Hormuz grinding to a near-complete halt, which has kept crude oil prices in a boiling zone….
Indian Oil Corporation (IOC), Hindustan Petroleum Corporation (HPCL), and Bharat Petroleum Corporation (BPCL) — the state-run oil marketing companies (OMCs) — are likely to take a hit on auto fuel marketing margins if crude oil prices stay elevated in the near term. The US-Israel attacks on Iran and the counterattacks by Tehran have driven crude…
