Keywords: Global oil prices


India evaluates pressure on fuel retailers amid rising global oil prices

The Indian government is closely monitoring the financial situation of state-run fuel retailers as global oil prices continue to rise due to geopolitical tensions in the Middle East. Hardeep Singh Puri stated that authorities will eventually need to assess how long public fuel companies can continue......

Ukraine explores gas supplies from Mozambique amid global energy crisis

Ukrainian President Volodymyr Zelenskyy held talks on Monday with Mozambican counterpart Daniel Chapo to explore potential gas supplies to Ukraine, as the country seeks alternatives amid a global energy crisis. Zelenskyy emphasized Ukraine’s interest in securing additional energy resources, while......

Global energy crisis from Iran war drives shift to renewables

The conflict involving the United States, Israel and Iran has disrupted global energy markets, prompting governments to accelerate efforts to reduce reliance on fossil fuels. After Tehran effectively shut the Strait of Hormuz, around 20 percent of global oil and liquefied natural gas supply has been......

US says it is nearing total control of Iranian airspace

The United States and Israel have intensified their joint military campaign against Iran, with US Defense Secretary Pete Hegseth stating that American and Israeli forces are close to achieving full control of Iranian airspace as the conflict enters its sixth day. Speaking to reporters at the Pentagon,......

Saudi Aramco seeks to reroute crude exports away from the Strait of Hormuz amid rising tensions

Saudi Arabia’s state energy giant Saudi Aramco is reportedly redirecting part of its crude exports toward the Red Sea in an effort to reduce reliance on the Strait of Hormuz, as heightened regional tensions disrupt maritime traffic in the Gulf. According to market sources and industry analysts,......