Washington, April 7 (IANS) U.S. President Donald Trump has issued a final deadline to Iran to reach a deal, warning of sweeping military action if talks fail, as tensions in West Asia escalate with global energy and security implications. “They have till tomorrow, 8:00 eastern time,” Trump said, adding that the window for diplomacy was closing fast.He said negotiations were ongoing but uncertain. “We think [they are] negotiating in good faith… we’re going to find out,” he told …
Latest Oil News & Updates
Washington, April 2 (IANS) US President Donald Trump has said countries dependent on Middle East oil should take responsibility for securing the Strait of Hormuz, as he blamed Iran for disruptions and rising fuel prices linked to the conflict. In his televised address to the nation on Wednesday night (local time), Trump said recent increases in gasoline prices were “entirely the result of the Iranian regime launching deranged terror attacks against commercial oil tankers and neighbouring count…
Beijing, April 1 (IANS) Chinese Belt and Road projects tied to Iranian ports, rail corridors, and energy infrastructure are now facing heightened instability and security risk amid the escalating conflict in West Asia. The vision of a secure overland energy corridor from Iran to China “insulated from US naval power” has given way to uncertainty, marking a sharp strategic setback for Beijing, a report has stated.”China stands to lose heavily, both materially and geopolitically, from the devastati…
Washington, March 10 (IANS) US President Donald Trump centred his latest warning to Iran on the Strait of Hormuz, saying any attempt to block or disrupt the vital oil route would trigger overwhelming American retaliation.“If Iran does anything that stops the flow of Oil within the Strait of Hormuz, they will be hit by the United States of America TWENTY TIMES HARDER than they have been hit thus far,” Trump said in a statement posted on Truth Social.He coupled that warning with a threat to de…
Wednesday, March 5 (IANS) The United States may deploy naval escorts for oil tankers passing through the Strait of Hormuz if necessary, the White House have said, as the conflict with Iran raises concerns about global energy supplies and shipping security in one of the world’s most critical maritime corridors. Speaking at a White House briefing on Wednesday (local time), Press Secretary Karoline Leavitt said that the administration was closely monitoring oil markets and maritime traffic as Ope…
New Delhi, March 2 (IANS) India’s GDP growth for FY27 is likely to touch 7.2 per cent and FY26 growth could be revised up to 7.8 per cent from 7.6 per cent in the subsequent GDP estimates from the government, a report said on Monday.The report from HDFC Bank said the new GDP series with base year 2022‑23 confirms India’s healthy growth performance in this fiscal, adding the growth estimates will rise going forward given strong high‑frequency indicators in Q4.The nominal growth for FY27 is …
Mumbai, March 1 (IANS) Missiles fired between Iran and Israel-US joint forces across the Gulf pose one of the most serious disruptions to oil flows in decades and may not be offset by production increases outside the Gulf, analysts said on Sunday.Traders warned that prices could jump sharply when markets reopen on Monday if the violence continues. Though no confirmed disruptions to shipping through the Strait of Hormuz, the risk of tankers being stranded or targeted has prompted major oil trader…
New Delhi, Feb 26 (IANS) The Oil and Natural Gas Corporation (ONGC) on Thursday inaugurated the 7th ONGC Para Games 2026 at the Thyagaraj Stadium in New Delhi, with nearly 300 Divyang athletes from eight oil and gas public sector undertakings (PSUs) participating in the four-day sporting event.Organised by ONGC, the inter-PSU tournament has brought together employee-athletes from ONGC, Indian Oil Corporation Limited (IOCL), Hindustan Petroleum Corporation Limited (HPCL), Bharat Petroleum Corpora…
Washington, Feb 4 (IANS) Describing India as central to President Donald Trump’s trade strategy, U.S. Senator Roger Marshall said the latest deal with New Delhi will double American agriculture and oil exports, and at the same time serve America’s national security by reducing India’s reliance on Russian energy. Marshall, a Republican from Kansas, made the remarks during an appearance on The Evening Edit on Fox Business, where he outlined what he described as the economic and strategic gai…
New Delhi, Jan 27 (IANS) India and Canada on Tuesday signed a joint statement to strengthen cooperation in the energy sector during the India Energy Week 2026 held in Goa. The agreement marks a renewed push to deepen bilateral ties in areas such as oil, gas, clean energy and long-term investments.The joint statement followed a bilateral meeting between India’s Minister of Petroleum and Natural Gas, Hardeep Singh Puri, and Canada’s Minister of Energy and Natural Resources, Timothy Hodgson.Hod…