Russia To Ban Gasoline Exports From April 1 Amid Global Turmoil; India Says Fuel Supplies Secure For Two Months
Russia has announced a ban on gasoline exports starting April 1, a move aimed at prioritising domestic supply and stabilising fuel prices as global energy markets face volatility amid escalating tensions in West Asia. The decision, taken after a high-level review of the domestic petroleum market, signals growing concern among major energy producers over potential […]
Work As “Team India”, Ensure Supplies: PM Modi Urges States Amid Escalating Gulf Crisis
Prime Minister Narendra Modi on Monday chaired a virtual meeting with Chief Ministers and Lieutenant Governors of states and Union Territories, urging coordinated action to safeguard supply chains, energy security, and essential commodities as tensions in the Middle East threaten to disrupt global markets. Emphasising a united national response, he called on states to function […]
Fuel Calm Amid Global Tensions: Centre Assures India Has Months of Energy Security
At a time when the ongoing conflict involving United States, Israel and Iran has triggered anxieties over global oil flows, the Indian government has stepped in to calm nerves. The Ministry of Petroleum and Natural Gas on Thursday asserted that the country’s energy supply remains robust, with sufficient reserves to meet demand for “many months.” The reassurance comes against the backdrop of […]
Fuel Tax Cut Amid Global Oil Shock: Relief Move or Hidden Price Shield for OMCs?
India’s sharp cut in excise duty on petrol and diesel comes at a time when global oil markets are under intense pressure, but for consumers expecting an immediate drop in prices, the reality may be far more complex. On Friday, the Centre reduced excise duty by ₹10 per litre on both fuels, bringing it down […]
16 Dead, Several Missing After Passenger Bus Plunges Into Padma River At Bangladesh Ferry Terminal
At least 16 people were killed and several others remain missing after a passenger bus plunged into the Padma River while attempting to board a ferry at one of Bangladesh’s busiest river crossings, officials said. The accident took place Wednesday evening at the Dauladia ferry terminal in Rajbari district, where heavy post-Eid travel had crowded […]
Iran Lists India Among ‘Friendly Nations’ Allowed Safe Passage Through Strait Of Hormuz
Iran has indicated that India will be allowed safe passage through the strategically critical Strait of Hormuz, even as tensions continue to disrupt maritime traffic in one of the world’s most important energy corridors. The development comes amid the ongoing regional conflict, which has sharply reduced shipping activity and triggered volatility in global oil and […]
India Sets Up 7 High-Level Panels To Shield Economy From Middle East War Impact
The Centre has constituted seven high-level empowered groups to assess and mitigate the economic fallout of the escalating conflict in West Asia, as concerns grow over disruptions to energy supplies, trade routes, fertiliser availability and inflation. The decision was taken following a high-level security review chaired by Prime Minister Narendra Modi, where officials evaluated the […]
Trump Claims Iran Sent US ‘Huge Oil And Gas Gift’ As Hormuz Tensions Show Signs Of Easing
U.S. President Donald Trump sparked speculation about a possible shift in the ongoing Middle East standoff after claiming that Iran had given the United States a “very big present” linked to oil and gas developments around the Strait of Hormuz. The cryptic remark came as tensions surrounding the crucial maritime corridor showed tentative signs of […]
Iranian Media Mocks Trump’s Strike Pause, Calls It ‘Retreat’ Amid Rising Hormuz Tensions
Iranian state-aligned media outlets reacted sharply after U.S. President Donald Trump announced a temporary pause on planned strikes targeting Iran’s power infrastructure, portraying the decision as a sign of Washington stepping back under pressure. The response from Tehran’s media ecosystem ranged from mockery to claims that Iran’s deterrence strategy had forced the United States to […]
Why Modi’s Parliament Address on West Asia Is More Urgent Than It Sounds
When Prime Minister Narendra Modi rose to address Parliament on Monday about the West Asia conflict, it was not a routine foreign policy briefing. It was a signal one carefully worded to tell multiple audiences, at home and abroad, that India was under real pressure and was taking it seriously. The conflict has now persisted […]