The vessel, an Indian-flagged Very Large Gas Carrier operated by the Shipping Corporation of India and chartered to carry LPG for India’s domestic supply network, had earlier crossed the strategic maritime corridor connecting the Persian Gulf to the Arabian Sea.
Washington DC: US President Donald Trump on Tuesday (local time) issued a sharply worded statement against Iran, calling on the country to refrain from placing mines in the Strait of Hormuz and warning of military consequences if they are not removed. He made the remarks in a post on Truth Social. The US President said,.
New Delhi: Amid escalating Middle East tensions, crude oil prices went up more than 2 per cent on Thursday over supply constraints as Strait of Hormuz was closed by Iran. Global Benchmark Crude Sees Sharp Rise In the early morning trade, the April contract of the benchmark crude on the Intercontinental Exchange was trading at.
The US may deploy naval escorts for oil tankers in the Strait of Hormuz as tensions with Iran escalate. The White House says the move aims to secure global energy supply routes.
New Delhi: The Indian rupee breached a new record low on Wednesday, crossing Rs 92 per dollar as oil prices surged amid escalating geopolitical tensions in the Middle East. The domestic currency was trading at Rs 92.38 to the dollar, up 35 paise or 0.38 per cent from the previous session. Oil Prices Spike on.
India currently has around 100 million barrels of crude oil stored in tanks, underground reserves, and ships at sea. According to energy analytics firm Kpler, this stock can meet India’s needs for about 40 to 45 days if oil supplies through the Strait of Hormuz are stopped. Why the Strait of Hormuz Is Important India.
Meanwhile, Iran's Islamic Revolutionary Guard Corps (IRGC) has said it has closed the Strait of Hormuz, a vital shipping route for the world's oil supplies.
