Chennai, March 12 (IANS) The Tamil Nadu Petroleum Merchants Association has clarified that there is no shortage of petrol or diesel anywhere in the state, even as rumours linked to the ongoing Iran conflict triggered panic buying and long queues at fuel stations.Speaking to reporters in Cuddalore, the association’s president Murali said that fuel supply is functioning normally across Tamil Nadu and urged the public not to panic. Murali said that all the nearly 7,000 petrol pumps across the sta…
Latest Iran conflict News & Updates
Mumbai, March 9 (IANS) Shares of Indian aviation companies on Monday witnessed heavy selling pressure as tensions in the Middle East escalated, pushing crude oil prices past the $110 per barrel mark after major producers reduced output while the Strait of Hormuz remained effectively closed due to the Iran conflict.Several airline and helicopter service provider stocks declined sharply, including InterGlobe Aviation (IndiGo).IndiGo shares ended at Rs 4,236, down around 4 per cent on the BSE. The …
Washington, March 8 (IANS) The United States of America urged India to draw down more than 100 million barrels of Russian crude waiting offshore for Chinese refineries in an effort to cool rising oil prices during the Iran conflict, Energy Secretary Chris Wright said on Sunday. Speaking in interviews on US television programmes, including CNN and CBS News, Wright said the Trump administration directly reached out to India as part of a short-term effort to calm energy markets rattled by disruptio…
Islamabad, March 6 (IANS) Elon Musk-owned social media platform X has found a Pakistan-based operator handling 31 accounts to share AI-generated war videos on the ongoing conflict in Iran. In a post, X’s head of product, Nikita Bier said that the accounts were hacked and their usernames renamed to “Iran War Monitor” or some derivative on February 27.”Last night, we found a guy in Pakistan that was managing 31 accounts posting AI war videos. All were hacked and the usernames were changed on Feb…
New Delhi, March 5 (IANS) Rising geopolitical tensions linked to the Iran conflict could significantly increase India’s oil import bill and bring the rupee under pressure, former NITI Aayog CEO Amitabh Kant said on Thursday.In a post on X, Amitabh Kant, who currently serves as a senior adviser to global financial institutions including Fairfax Financial Holdings and Sumitomo Mitsui Banking Corporation, said that every $10 per barrel rise in global crude oil prices could add $13-14 billion to Ind…