"strait-of-hormuz"

The oil ministry has formed a committee to address the sudden shortage of commercial LPG cylinders that has alarmed India’s hospitality industry. The government has prioritised household LPG supplies, leaving hotels and restaurants struggling.

India is unlikely to raise petrol and diesel prices immediately despite global crude oil crossing $110 a barrel due to Middle East tensions. The government expects state-run oil companies to absorb the impact temporarily as supply stabilises and imports diversify away from the Strait of Hormuz

The government invoked emergency powers under the Essential Commodities Act to direct refiners to maximise LPG production and prioritise domestic supply as disruptions in the Strait of Hormuz and the widening Middle East conflict threaten imports

Indian refiners have begun purchasing stranded Russian crude oil cargoes following a US Treasury waiver, as disruptions in the Strait of Hormuz threaten Middle Eastern supplies.

  Indian refiners have resumed buying stranded Russian crude after the US Treasury issued a 30-day licence. The move offsets Middle East supply disruptions amid the West Asia conflict, ensuring domestic fuel security while balancing Russian and other sources 

Escalating tensions in West Asia have disrupted Kerala’s exports of fruits, vegetables and fish products, bringing shipments to a near halt. Exporters say losses are mounting as cargo routes remain affected during the crucial Ramzan export season

GAIL said LNG allocation from Petronet LNG under a long-term contract has been reduced to zero after a force majeure notice linked to navigation restrictions in the Strait of Hormuz and a possible shutdown at Qatar’s Ras Laffan liquefaction facility

The Congress party has sharply criticised the Modi government for its silence after a US submarine sank an Iranian warship near Sri Lanka, escalating tensions in West Asia. Rahul Gandhi accused the Prime Minister of compromising India’s strategic autonomy.

India, heavily reliant on long-term LNG contracts with Qatar, faces a temporary cargo suspension, causing up to 40% supply cuts for industries and city gas distributors

Asian markets plunged as the Iran-US-Israel conflict escalated, with South Korea’s Kospi falling over 12% and oil prices surging. Investor fears over supply disruptions through the Strait of Hormuz drove global market volatility and rising inflation concerns

Escalating West Asia conflict and closure of Strait of Hormuz threaten to sharply raise Brent crude prices, exposing India’s energy vulnerabilities

With 25 days of crude and fuel stocks, plus strategic reserves and diversified imports, India is confident of maintaining supplies even if the West Asia crisis continues, a top oil ministry official said

Crude oil prices rose over 1 per cent amid West Asia tensions and threats to shipping through the Strait of Hormuz. Brent crude touched $79.2 per barrel, with analysts warning prolonged disruptions could sharply impact India’s imports

Iran launched a drone strike on the United States Embassy Riyadh as fighting intensified with the US and Israel. Donald Trump signalled prolonged operations, while regional attacks, rising casualties and strikes on nuclear and energy sites deepened Middle East instability 

US Secretary of State Marco Rubio said Washington has prepared measures to counter rising oil prices and protect shipping lanes while continuing strikes on Iran’s missile and naval assets, ruling out ground forces and emphasising limited objectives.

The state-run Oman News Agency identified the vessel as MKD VYOM

Rising Israel-Iran tensions may pressure Indian markets as crude prices climb on Strait of Hormuz concerns. Analysts warn inflation risks if oil tops $80, while energy and defence stocks could gain. Nifty 50 signals weakness amid volatility and geopolitical uncertainty 

The Israel-Iran war raises fears Iran may block the Strait of Hormuz, a vital oil route. Such a move could spike global oil prices and disrupt supply, though analysts believe US military intervention would likely reopen the strait quickly

Experts warned that if Tehran chooses to close the Strait of Hormuz -- the critical oil corridor connecting the Persian Gulf and the Arabian Sea -- in retaliation to the US strikes, the global economy as well as the Indian economy would be severely impacted.

1,300-tonne vessel equipped with surface-to-surface and surface-to-air missiles, anti-aircraft batteries, sophisticated radar and radar-evading capabilities