Seoul, March 21 (IANS) South Korea is in close talks with countries, including Iran, to ensure a swift normalisation of the Strait of Hormuz after Tehran said it is ready to allow Japan-bound vessels to pass through the sea route virtually closed in the wake of the Middle East crisis, a foreign ministry official said on Saturday.”The government is closely monitoring developments in the Middle East while exploring ways to protect our citizens and secure energy transport routes,” the official said…
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Washington, March 13 (IANS) The world is facing a “significant disruption in the short term” to secure global energy flows in the long run, US Energy Secretary Chris Wright said, defending Washington’s decision to release oil reserves amid the war involving Iran.“We’re in the midst of a significant disruption in the short term to fix the security of energy flow for the long term,” Wright said in an interview with CNN.The United States has announced plans to release about 172 million …
Washington, Jan 9 (IANS) The White House is prepared to allow India to buy Venezuelan oil under a new US-controlled framework, according to a senior administration official, signaling a potential reopening of supplies to one of Venezuela’s largest pre-sanctions customers as Washington moves to market the country’s crude globally.Asked whether the United States was ready and willing to allow India to purchase Venezuelan oil, given India’s large energy needs, an administration official respo…