Iran shipped millions of barrels of crude oil, all to China, through the Strait of Hormuz despite escalating tensions in the region following the outbreak of the US-Israel war with Iran on February 28, which has disrupted broader maritime traffic through the key energy corridor.At least 11.7 million barrels of Iranian crude have passed through […]
Lpg Shortage Impact Railway Meals: ‘Use microwave, induction’: IRCTC tells vendors to switch cooking methods as Iran war disrupts LNG flow
Representative image NEW DELHI: Indian Railways has asked all its licensees to adopt alternate cooking methods such as microwave ovens and electric induction systems at railway food centres, following a reported cut in liquefied natural gas (LNG) supplies linked to the ongoing West Asia conflict.The directive applies to food plazas, refreshment rooms and Jan Aahar […]
Iran war oil shock: India buys 30 million barrels of Russian crude after US waiver
India has purchased around 30 million barrels of unsold Russian crude after the United States issued a 30-day waiver allowing the country to buy shipments already stranded at sea, Bloomberg reported citing sources.According to the report, Indian refiners moved quickly to secure the available cargoes, many of which were already positioned in Asian waters, offering […]
India ‘great partner’ in maintaining stable oil prices: US envoy Sergio Gor on Russian imports amid Iran war
NEW DELHI: The United States on Wednesday again hailed India as a “great partner”, praising New Delhi’s purchase of oil from its old ally Russia and crediting it as an effort to maintain stable oil prices around the world.The US envoy to India, Sergio Gor, wrote on X, “India has been a great partner in […]
Travel disruption due to Iran war: Air India, Air India Express to run 58 flights to and from Middle East
NEW DELHI: Air India and Air India Express will operate a total of 58 scheduled and non-scheduled flights to and from West Asia on Wednesday, as the ministry of civil aviation said it was closely monitoring the situation in West Asia and its impact on flights between India and the region.Amid the escalating conflict in […]
Gold, silver price prediction today (March 11, 2026): Where are gold, silver headed in the near-term amid US-Iran war tensions?
The trajectory of bullion prices could depend on the duration & intensity of the conflict as global investors reassess risk exposure. (AI image) Gold price prediction today: Gold prices have been stuck in a range for some time now and developments on the US-Iran front will determine trajectory, says Maneesh Sharma, AVP – Commodities & […]
Stock market today (March 11, 2026): Nifty50 opens above 24,250; BSE Sensex near 78,300
Stock market today (AI image) Stock market today: Indian equity benchmarks, Nifty50 and BSE Sensex, opened flat in trade on Wednesday as Middle East tensions and US-Iran war continued to add uncertainty to global markets. While Nifty50 was above 24,250, BSE Sensex was near 78,300. At 9:18 AM, Nifty50 was trading at 24,284.90, up 23 […]
Middle East crisis: IEA proposes largest oil reserve release of 182 million barrels to ease crude prices
Amid soaring crude oil prices worldwide due to the ongoing US-Israel war with Iran, the International Energy Agency (IEA) has proposed the largest disbursement of oil reserves to help bring down prices.The release could exceed the 182 million barrels of oil that IEA member countries put on the market in two separate releases in 2022, […]
‘Historic $300 billion deal’: Trump announces Reliance investment to build first new US oil refinery in 50 years
US President Donald Trump on Tuesday announced a “historic” $300 billion deal to build the first new oil refinery in the country in 50 years, backed by investment from India’s Reliance Industries. The project, planned at the Port of Brownsville in Texas is expected to increase energy production and generate thousands of jobs.Trump made the […]
Rupee gains as oil slips but volatility remains high
MUMBAI: The rupee rebounded Tuesday, closing at 91.81 against the dollar, up 54 paise from Monday as oil cooled and equities rebounded amid President Trump’s assurances of West Asia risk being short-lived. Brent crude plunged to below $90.8 a barrel after briefly nearing $120 a day earlier, easing pressure on India’s import bill and lifting […]