Crude oil prices fell sharply after the United States and Iran announced a framework agreement to end the war. US President Donald Trump It said the agreement would help reopen the important Strait of Hormuz shipping route. Following the news, Brent crude oil prices fell 4.7% to $83.24 per barrel. Global stock markets reacted positively, … Read more
Islamabad, the United States and Iran began peace talks brokered by Pakistan on Saturday, Iranian media said, as the world awaits a breakthrough that could end a conflict in West Asia that has paralyzed global energy markets and caused widespread economic chaos. Islamabad talks: US, Iran begin talks aimed at ending conflict in West Asia … Read more
New Delhi: Prime Minister Narendra Modi on Friday chaired a virtual meeting with chief ministers to review the impact of the conflict in the Middle East, with discussions focusing on fuel supplies, inflation and logistics amid rising global tensions.The focus of the meeting was to ensure coordinated action between the Center and states to manage … Read more
Shashi Tharoor (file photo) New Delhi: congressional leaders Shashi Tharoor Wednesday urged the central government to “actively take the lead” in calling for an immediate end to the escalating conflict in West Asia.The Lok Sabha MP said neither side has benefited from the continued hostilities, while other countries have suffered costs due to disruptions in … Read more
NEW DELHI: India’s oil procurement strategy will be guided by national interest and will not be dependent on the needs of any single country, the government said on Monday, while stressing that actual procurement is done by oil companies and decisions depend on market conditions, supply conditions, pricing and risk assessment. Foreign Minister Vikram Misri’s … Read more