
The Mangalore Refinery in India. As recently as 2009, Iranian oil accounted for 14 percent of India’s crude imports, making Iran its second-largest supplier.
As India grapples with escalating fuel and plastic costs, the situation is further exacerbated by supply disruptions in West Asia, jeopardizing oil access. This trend is likely to squeeze the economy, pushing inflation and interest rates upward.

The world stands at a precipice. After weeks of secret negotiations in Islamabad, historic face-to-face talks between American and Iranian diplomats, and a brief ceasefire that halted the largest oil supply disruption in global history, President Donald Trump…

Shortly after the outbreak of the war with the United States and Israel, Iran took control of the Strait of Hormuz, a key artery for global oil and gas supplies. By threatening and attacking international shipping, Iran brought maritime traffic to a virtual s…
Greece’s Helleniq Energy SA doesn’t anticipate any problems with its ability to provide jet fuel during the peak summer season even as it continues to search for alternatives to lost Iraqi oil supply amid the conflict in the Middle East.

India maintains steady Russian crude imports, ensuring stable oil supply despite global uncertainties and geopolitical tensions.

Juan Cole Israel and the United States have destabilized the Persian Gulf and global oil and natural gas supplies for the foreseeable future. The post This Is Why the Hormuz Crisis Is Different From Other Oil Crises appeared first on The Nation.

A blockade of the Strait of Hormuz could severely disrupt global oil supply, impacting major economies and escalating geopolitical tensions. The post Iran threatens to block oil shipments through Strait of Hormuz if attacked appeared first on Crypto Briefing.