Muscat has offered to increase petrochemical and fertiliser exports to New Delhi following the full implementation of a free trade agreement between the two nations. Oman's commerce ministry confir…
The relentless heatwaves engulfing Asia this summer are poised to exacerbate gas prices, impacting businesses and consumers alike. Reports indicate that prices could rise by 10% over the coming wee…
The Strait of Hormuz, a critical chokepoint for global oil supplies, now poses greater concerns for China than the Malacca Strait. China relies on this narrow passage for about 20% of its oil impor…
Iran has announced that free navigation through the strategically vital Strait of Hormuz will cease, a move confirmed by Iran's Ambassador to India, death Ali Fathali, on October 23, 2023. This dec…
Amid rising tensions in the Middle East, India is shifting its oil imports towards Nigeria, the world’s third-largest oil importer, as chaos in the Strait of Hormuz threatens supply chains. The hei…
The escalating military tension between the United States and Iran has sent immediate shockwaves through Asian financial markets, with India facing a direct economic threat from it…
Donald Trump claims diplomatic momentum with Tehran while keeping the Strait of Hormuz effectively blocked for global trade. This dual approach creates a volatile environment for investors and busi…
The United States Navy has suspended a $14 billion arms sale to Taiwan, citing escalating military demands in the Middle East. This decision comes as US forces redirect resources to counter Iranian…
India has announced plans to dispatch oil tankers through the Strait of Hormuz in response to ongoing supply disruptions stemming from conflicts involving Iran. This strategic move aims to secure a…
The Indian Rupee has crashed to an unprecedented low of 96.86 against the US Dollar, a sharp decline driven by intensifying geopolitical tensions between Washington and Tehran. This sudden deprecia…
India’s monthly import bill surged in April, driven primarily by skyrocketing crude oil prices that are rapidly eroding the country’s trade balance. This sharp increase in expenditure raises immedi…
India has launched a strategic initiative to construct a subsea gas pipeline connecting the Gulf region to the Indian subcontinent, aiming to secure energy supplies valued at Rs 40,000 crore. This …
