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Gas supply to GAIL stops after Petronet LNG declares force majeure

Gas supply to GAIL stops after Petronet LNG declares force majeure

Petronet LNG issued the notice citing maritime navigation restrictions in the Strait of Hormuz affecting LNG vessels between India and Qatar. The disruption reduced LNG allocation to GAIL under the long-term contract to zero from March 4.

5 March 2026 5:01 PM IST

As Middle East tensions rise, Oil prices cross $83 per barrel

As Middle East tensions rise, Oil prices cross $83 per barrel

5 March 2026 10:58 AM IST

Strait of Hormuz

Iran to allow only Chinese vessels through Strait of Hormuz: report

Tehran has blocked access to the vital maritime chokepoint and warned that any vessel attempting to cross risks being...

4 March 2026 10:56 PM IST

As Iran claims control of Hormuz Strait, Trump says US Navy to escort oil tankers in Gulf

As Iran claims control of Hormuz Strait, Trump says US Navy to escort oil tankers in Gulf

The announcements were widely seen as Washington’s attempt to stabilise surging global energy prices and reduce risks to...

4 March 2026 1:57 PM IST

Iran war chokes global supply chains beyond oil; shipping, air cargo hit

Iran war chokes global supply chains beyond oil; shipping, air cargo hit

The war is stranding cargo ships, grounding flights, and delaying shipments of essential goods like pharmaceuticals,...

4 March 2026 12:42 PM IST

Strait of Hormuz

China urges protection of vessels in Strait of Hormuz as shipping costs surge

China, the world’s largest importer of oil and fossil gas, is among the countries most exposed to the disruption.

3 March 2026 11:08 PM IST

Centre says 3 Indian seafarers killed, one injured in West Asia conflict

Centre says 3 Indian seafarers killed, one injured in West Asia conflict

According to the department, vessels in the region have faced reported threats such as missile and drone attacks,...

3 March 2026 4:59 PM IST

India has 25 days of crude oil stock, say sources as Iran closes Strait of Hormuz

Concerns over an energy crisis intensified after Iran shut the Strait of Hormuz, a key transit route for about one-fifth...

3 March 2026 4:57 PM IST

Iran officially closes Strait of Hormuz; warns attack on ships

Iran officially closes Strait of Hormuz; warns attack on ships

Crude oil prices are expected to soar further in the coming days

3 March 2026 10:21 AM IST

Despite Strait of Hormuz tensions, no immediate oil disruption for India

Despite Strait of Hormuz tensions, no immediate oil disruption for India

The closure for a short duration will not have much impact on India as it already has supplies to meet fuel requirements

1 March 2026 4:42 PM IST

Khamenei warns Israel of retaliation, vows to punish ‘Zionist enemy’

Khamenei warns Israel of retaliation, vows to punish ‘Zionist enemy’

Iran’s Supreme Leader Ayatollah Khamenei on Monday warned of continued retaliation against Israel, describing the US...

23 Jun 2025 12:14 PM IST

India ramps up Russian oil imports as Israel-Iran conflict escalates

India ramps up Russian oil imports as Israel-Iran conflict escalates

India has increased oil imports from Russia and the US in June, surpassing combined Middle Eastern volumes, amid market...

22 Jun 2025 10:58 AM IST

Strait of Hormuz: Will Iran block the world’s most vital oil chokepoint?

Strait of Hormuz: Will Iran block the world’s most vital oil chokepoint?

Though the closure remains a threat rather than an imminent reality, any disruption to oil tanker passage could trigger...

16 Jun 2025 12:59 PM IST