US, Iran clash in Hormuz as war escalates: What happened, why it matters
A US-Iran ceasefire has held since April 8, but no peace deal has been reached, leaving the Strait of Hormuz, through which roughly 20% of global oil flows, under sustained uncertainty. The unresolved standoff keeps an oil-price risk premium in place and poses direct supply risks for major importers like India.
1mo ago · 2 min · Global Affairs
India is burning more coal as extreme heat and the Iran war squeeze energy supplies
India is burning more coal as extreme heat lifts power demand and the Iran conflict tightens regional energy supplies. The country, the world's third-largest CO2 emitter, relies heavily on coal-fired generation and has limited short-term alternatives.
1mo ago · 2 min · Global Affairs
Govt sets export duty on diesel at ₹23/litre, ATF at ₹33; petrol levy stays nil
India set the export duty on diesel at ₹23 per litre and on ATF at ₹33 per litre for the fortnight from May 1. Petrol exports remain duty-free. The fortnightly revision affects refiner export margins for state-owned and private fuel companies.
2mo ago · 1 min · Policy & Government
PM Modi to inaugurate India's 1st greenfield integrated refinery-cum-petrochem complex in Rajasthan
Prime Minister Narendra Modi will inaugurate India's first greenfield integrated refinery-cum-petrochemical complex at Pachpadra, Rajasthan. The integrated configuration combines refining and petrochemical output under one facility, with potential to reduce import dependence for both fuels and chemical intermediates in
2mo ago · 1 min · Business
Fire breaks out in Rajasthan HPCL refinery, a day before PM Modi was to inaugurate it
A fire broke out at the HRRL refinery in Rajasthan just one day before Prime Minister Modi was set to inaugurate the ₹79,459 crore joint venture between HPCL and the Rajasthan government. The incident raises questions about commissioning readiness and could delay the formal launch of one of India's major downstream
2mo ago · 1 min · Business
India-flagged vessels start sailing out of Hormuz
India-flagged vessels carrying crude oil have resumed transiting the Strait of Hormuz after a period of disruption. The development matters directly for India's energy security, as Gulf crude routed through Hormuz underpins domestic refinery supply and fuel prices. Any renewed disruption would force costlier rerouting
2mo ago · 1 min · Global Affairs
India imports LNG from US, Oman, and Nigeria in March as Qatar, UAE supplies dry up
India sourced LNG from the US, Oman, and Nigeria in March after Qatar and UAE supplies fell away, per the Institute for Energy Economics and Financial Analysis. Coal and renewables offset the gap in power generation, limiting immediate disruption. The episode raises questions about whether Indian buyers will seek longe
2mo ago · 1 min · News
Russian LNG under US sanctions heads for the first time to India
A sanctioned Russian LNG cargo is heading to India for the first time, despite Donald Trump's assertion that India would halt Russian energy purchases, a pledge India never confirmed. The shipment tests US sanctions enforcement and signals continued Indian appetite for discounted Russian supply.
2mo ago · 1 min · Global Affairs
Indian officials see Iran war oil shock as disruptive as Covid-19
Indian officials are internally benchmarking a potential Iran war oil shock against the Covid-19 disruption, warning normalization could take years even if conflict ends quickly. India's heavy crude import dependence makes it acutely vulnerable to prolonged Middle East supply dislocations. The concern extends beyond sp
2mo ago · 1 min · Global Affairs