Tokyo, April 24 (IANS) Amid growing uncertainty over the reopening of the Strait of Hormuz, the Japanese government has announced that it will begin releasing additional oil reserves worth around 20 days from May 1, local media reported on Friday. Tensions continue in and around Strait of Hormuz, the narrow maritime corridor linking the Persian Gulf to the Arabian Sea, through which about one-fifth of global oil trade passes, ever since the conflict erupted in West Asia.The Japanese government’s…
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Mumbai, March 19 (IANS) Indian stock markets witnessed a sharp fall on Thursday over rising global tensions and a sudden spike in oil prices, as the ongoing conflict involving the US, Israel and Iran disrupted key energy infrastructure.The benchmark indices, Nifty and Sensex, ended the session with steep losses as both indices logged their steepest single-day fall in nearly two years.The Nifty dropped 775.65 points, or 3.26 per cent, to close at 23,002.15, while the Sensex fell 2,496.89 points, …