Global oil prices News

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Russia Becomes India’s Top Oil Supplier Amid West Asia Crisis, But Discounts Disappear

New Delhi: The ongoing instability in West Asia has significantly disrupted traditional oil supply routes for India, forcing a major realignment in its crude import strategy. As Gulf shipments face pressure, Russia has emerged as India’s largest crude oil supplier in March 2026. According to an analysis of the latest data released by the Ministry […]

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Oil Shock Could Push Up Electricity Costs in India, Renewables Seen as Key to Energy Security

New Delhi, April 23, 2026: A global oil shock triggered by supply disruptions could lead to higher electricity costs in India, with renewable energy emerging as a crucial safeguard for long-term energy security, according to a report. The report noted that electricity prices in India are closely linked to fossil fuel costs, especially coal and […]

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US–Iran Conflict Escalates as Ceasefire Deadline Nears, Pakistan Emerges as Key Mediator

News Article: The ongoing standoff between the United States and Iran has entered a critical phase, with diplomatic efforts intensifying just ahead of the ceasefire deadline set for April 22. While backchannel negotiations are being explored, uncertainty continues to cloud the possibility of a breakthrough. According to multiple international reports, US Vice President JD Vance […]

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Middle East Conflict Escalates as Trump Signals Tougher Action, Tensions Spread Across Region

The ongoing confrontation involving the United States, Iran, and Israel has entered a more dangerous phase, with multiple regions witnessing rising military activity and heightened security concerns. In Iraq, the US diplomatic mission in Baghdad issued an urgent advisory warning of potential attacks by Iran-linked armed groups. American nationals have been urged to exit the […]

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Iran Warns of Intensified Strikes After Trump Threat, Missiles Target Tel Aviv

Tehran, April 2, 2026:Tensions in the Middle East escalated sharply after Donald Trump warned of stronger military action against Iran, prompting Tehran to respond with threats of large-scale retaliation and fresh missile strikes targeting Israeli territory. Iranian forces launched missiles toward Tel Aviv, triggering air defence systems and emergency responses across the city. Reports indicated […]

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