Iran has closed the Strait of Hormuz again. (AI image) Open, closed, closed but open – the Strait of Hormuz has become the center of the ongoing US-Iran conflict and its blockade a key factor in pressure tactics from both sides. The Strait of Hormuz is a critical channel for nearly one-fifth of global oil …
Global markets were rattled after US President Donald Trump’s announcement of naval blockade in the Strait of Hormuz. The immediate fallout was visible in Asian trading, where stocks in Japan and South Korea opened lower as investors reacted to the escalation. At the same time, crude oil prices surged sharply, with Brent and WTI jumping …
State Petroleum and Natural Gas minister Suresh Gopi on Monday said that India’s strategic oil reserves are designed to provide cover for about 9.5 days of supplies during disruptions or price shocks.The announcement comes as global crude oil prices continue to rise amid the ongoing conflict in the Middle East, raising concerns over supply disruptions …