Jones Act waiver extension on agenda as Iran tensions threaten U.S. fuel prices – report

Jones Act waiver extension on agenda as Iran tensions threaten U.S. fuel prices - report

Donald Trump (file photo) The White House is considering again extending a waiver that allows foreign ships to transport cargo between U.S. ports, two people familiar with the matter told Reuters, as a new conflict with Iran raises concerns about energy prices and supply disruptions.The Trump administration is considering whether to expand exemptions to geographic … Read more

Evening News Report: Govt urges calm on LPG supplies; Oman attack kills 2 Indians, injures 10

Evening News Report: Govt urges calm on LPG supplies; Oman attack kills 2 Indians, injures 10

The government is urging citizens not to panic buy liquefied petroleum gas as tensions in West Asia disrupt global energy routes and raise supply concerns. US President Donald Trump has claimed that Iran is “about to surrender”, escalating his rhetoric as conflict in the Middle East intensifies. The MEA confirmed that two Indian nationals were … Read more

Explained: How Iran’s war is driving oil and gas prices sharply higher

Explained: How Iran's war is driving oil and gas prices sharply higher

Global oil prices surged this week as the war with Iran intensified, raising concerns about long-term disruptions to energy supplies in the Middle East.Oil prices surged a week after the United States and Israel launched major attacks on Iran, escalating tensions into a broader regional conflict. Ongoing hostilities have disrupted major energy routes and facilities, … Read more