Strait of Hormuz disruption could wipe out 9 million b/d as Gulf producers shut wells
Although Strait of Hormuz has not been formally blocked, more than 1,000 ships have reportedly been waiting to transit the passage as companies assess security risks following attacks on several vessels
G7 to discuss emergency oil reserve release as Gulf war drives crude prices above $116: Report
G7 finance ministers will discuss releasing strategic oil reserves in an emergency call with the IEA as Gulf conflict pushes crude prices above $116.
No hike in petrol, diesel prices despite crude topping $100 per barrel; govt wants oil companies to absorb shock
Government sources have sought to assure people that the prices of petrol and diesel will not be raised, and have said that the state-run oil marketing companies (OMCs) could absorb the impact of crude oil prices topping $100 per barrel for now.
World faces largest oil supply shock ever as Strait of Hormuz shuts amid West Asia war
According to energy market comparisons, the current supply disruption is far larger than previous historic shocks.
Iran war shock sends oil up 30%, pushing prices above $118
Even if the fighting ends quickly, analysts warn that damage to infrastructure, disrupted logistics and heightened risks to shipping could keep fuel prices elevated for weeks or months, affecting businesses and consumers worldwide.
Oil market chaos set to deepen as more Gulf giants cut output
Import-dependent Asia, which leans heavily on the Middle East, is feeling the most immediate pain.
The Hormuz shock: Why a narrow Strait matters for India’s economy and markets
If Brent crude sustains above the $90 per barrel mark, the implications for India could extend well beyond higher fuel prices. A widening current account deficit, pressure on the rupee, and a potential delay in interest-rate easing could begin to weigh on corporate earnings and market valuations.
US-Iran tensions to be in spotlight next week as US economic data looms
Markets remain fixated on the US–Iran conflict as Trump has vowed to strike “very hard,” while Iran’s president apologized for regional strikes and said Iran would refrain from attacking neighbouring countries “unless attacked first”. Crude oil and aluminum stand to gain most if the conflict deepens.
No petrol or diesel price hike for now, government says; India’s fuel stocks are improving
Petrol and diesel prices will not increase, government sources say as India’s energy stocks improve and crude imports shift away from the Strait of Hormuz.
Oil tops $90 after Trump demands Iran’s 'unconditional' surrender
Oil prices surge above $90 as Trump demands Iran’s surrender and Strait of Hormuz disruptions threaten global supply.
RBI fires $12 billion defence as Middle East war sends rupee to record low
The RBI’s heavy intervention comes against the backdrop of India’s foreign-exchange reserves, which at over $723 billion, are among the largest in the world.
'Complex situation, what worries me is ...': Rajnath Singh expresses concern over Strait of Hormuz disruption
Warning about the impact of the conflict on energy security, Singh highlighted the importance of the Strait of Hormuz and the wider Persian Gulf region for global oil and gas supplies.
India orders IOC, BPCL and HPCL to prioritise LPG production from propane and butane
Thursday's order also asked refiners not to use propane and butane for petrochemical production and ordered the public sector companies to sell LPG to domestic customers only.
Chart of the Day: West Asia's shadow on FY27 current account deficit
A widening of the CAD may not be alarming but it surely will drag an already battered rupee down
How much damage can a $10 crude spike do to India’s GDP?
Every $10 rise in crude oil prices could reduce India’s GDP growth by 0.5%.
Fear or the strength of fundamentals — What matters more for markets?
A historical analysis of how geopolitical shocks actually impact oil, gold, and global equities
9.5 million barrels of Russian crude near India as Delhi seeks backup supplies
Russia signals readiness to divert crude to India as Hormuz disruptions threaten oil flows amid escalating West Asia conflict.
‘Force majeure’ in LNG contracts: Why QatarEnergy is using it after Ras Laffan, Mesaieed attacks
QatarEnergy declares force majeure on LNG shipments after Iranian drone attacks halt production at Ras Laffan and Mesaieed facilities.
Aluminium and steel prices feel the heat from Middle-East crisis
The Middle-East crisis is casting a shadow on metals such as steel and aluminium. Disruption in gas supplies and the blockade of key trade routes could see prices spike but trade hiccups could hurt
Gold, silver ETFs tumble up to 7% despite bullion rebound as global correction hits domestic prices
The sharp fall in domestic gold and silver ETFs today largely reflects the steep global correction in precious metals on Tuesday, when Indian equity markets were closed for a holiday. Silver-linked ETFs saw the steepest declines, while gold ETFs also traded lower.
Oil prices keep climbing amid Iran conflict, with Brent hitting 19-month high
Brent crude futures were up $5.70, or 7%, at $83.44 a barrel by 1326 GMT after touching their highest since July 2024 at $85.12
Oil's not well: Why war in West Asia affects India
Brent jumps past $85 as India’s crude dependence hits 88.6%.
India’s Plan B if Hormuz stalls: The Cape of Good Hope detour and the price of going around Africa | Explained
If Hormuz turns risky, India’s Cape of Good Hope option means switching suppliers, longer voyages, higher freight and insurance, and still pricier oil.
Crude oil jumps to $85 per barrel as ‘staggering’ West Asia war jolts energy
China — the world’s largest oil importer — called on all sides in the war to ensure the safe passage of ships through the Strait of Hormuz
Gold rises as escalating conflict in Middle East stokes demand
Bullion climbed as much as 0.8% to top $5,360 an ounce, having added more than 3% over the previous four sessions, as the conflict reverberated across the region.
