Indian LNG Carrier Disha Crosses Strait Of Hormuz After US-Iran Deal Indian LNG carrier Disha has safely crossed the Strait of Hormuz, becoming the first Indian-flagged LNG vessel to pass through the conflict-hit waterway in more than three months after the US-Iran agreement raised hopes of reopening the crucial shipping route. The vessel, managed by a Shipping Corporation of India-led consortium, is carrying 62,370 metric tonnes of liquefied natural gas
Indian LNG Carrier Disha Crosses Strait Of Hormuz After US-Iran Deal Indian LNG carrier Disha has safely crossed the Strait of Hormuz, becoming the first Indian-flagged LNG vessel to pass through the conflict-hit waterway in more than three months after the US-Iran agreement raised hopes of reopening the crucial shipping route. The vessel, managed by a Shipping Corporation of India-led consortium, is carrying 62,370 metric tonnes of liquefied natural gas
Strait Of Hormuz Opens, But Petrol And Diesel Relief May Take Time The reopening of the Strait of Hormuz after a reported US-Iran understanding has eased fears of a major oil supply shock. Crude oil prices have started cooling, but Indian consumers may not see an immediate drop in petrol, diesel, or LPG prices. The development is important for India because the Strait of Hormuz is one of the world’s most crucial oil shipping routes. A large share of gl
Strait Of Hormuz Opens, But Petrol And Diesel Relief May Take Time The reopening of the Strait of Hormuz after a reported US-Iran understanding has eased fears of a major oil supply shock. Crude oil prices have started cooling, but Indian consumers may not see an immediate drop in petrol, diesel, or LPG prices. The development is important for India because the Strait of Hormuz is one of the world’s most crucial oil shipping routes. A large share of gl
Stock markets in Mumbai fell sharply as the Sensex dropped over 800 points on April 30, 2026, amid rising oil prices and global concerns. Indian stock markets opened sharply lower on April 30, 2026, as benchmark indices faced heavy selling pressure amid weak global and domestic cues. The BSE Sensex fell over 800 points in early tra
Stock markets in Mumbai fell sharply as the Sensex dropped over 800 points on April 30, 2026, amid rising oil prices and global concerns. Indian stock markets opened sharply lower on April 30, 2026, as benchmark indices faced heavy selling pressure amid weak global and domestic cues. The BSE Sensex fell over 800 points in early tra
India is accelerating the signing of contracts for crude oil and LPG imports, aiming to diversify its supply sources amidst disruptions caused by the ongoing conflict in the Middle East. The country's need for oil has been rising, with daily imports averaging 5.5 to 6 million barrels. After Russia's oil imports were reduced as part of an agreement with the U.S., India has been exploring new avenues to ensure stable oil supplies, including from Russia, despite the geopolitical tensions.
India is accelerating the signing of contracts for crude oil and LPG imports, aiming to diversify its supply sources amidst disruptions caused by the ongoing conflict in the Middle East. The country's need for oil has been rising, with daily imports averaging 5.5 to 6 million barrels. After Russia's oil imports were reduced as part of an agreement with the U.S., India has been exploring new avenues to ensure stable oil supplies, including from Russia, despite the geopolitical tensions.
The global economy faces significant risks if oil prices reach $150 per barrel, warns Larry Fink, CEO of BlackRock. In recent days, Brent crude surpassed $110 per barrel, causing a substantial market reaction, and a new report suggests that prices could climb even further, especially if the ongoing U.S.-Iran conflict escalates. Fink emphasized that if oil prices continue to rise, the world would face a major economic shock rather than a gradual adjustment. The impact would be felt a
The global economy faces significant risks if oil prices reach $150 per barrel, warns Larry Fink, CEO of BlackRock. In recent days, Brent crude surpassed $110 per barrel, causing a substantial market reaction, and a new report suggests that prices could climb even further, especially if the ongoing U.S.-Iran conflict escalates. Fink emphasized that if oil prices continue to rise, the world would face a major economic shock rather than a gradual adjustment. The impact would be felt a