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Iran Officially Shuts Strait of Hormuz, Global Oil Markets Brace for Price Surge

New Delhi: Iran’s official closure of the strategic Strait of Hormuz is expected to disrupt global oil supplies, sending crude prices higher and impacting energy markets worldwide. Analysts warn of potential ripple effects on economies and fuel costs across the globe. Iranian officials told the state media that the Strait of Hormuz is closed and

Trump Shares Image Portraying Himself as ‘Acting President of Venezuela’, Sparks Global Buzz

Washington: US President Donald Trump has shared a photo on social media depicting himself as the “Acting President of Venezuela”, triggering widespread reactions online. The post has drawn global attention amid ongoing political and diplomatic tensions involving Venezuela and the United States. The photo seemed to be of an edited Wikipedia page, where Trump is

No Pause on Russian Oil Imports, Say Govt Sources Over Trump’s Claim

New Delhi: After US President Donald Trump claimed that India has stopped purchasing Russian oil, government sources on Saturday clarified that there is no such pause on the oil imports from Russia. According to government sources, “India’s energy purchases are driven by national interests and market forces. We do not have any reports of Indian

End of an Era: The US State of California is set to bid Goodbye to Crude Oil

Leading US oil producers Exxon Mobil and Chevron, in their forthcoming Q4 reports, will declare a $5 billion devaluation of their California assets. The American state of California is ending its more than a century-long relationship with crude oil as part of its initiative to combat climate change. Exxon Mobil and Chevron, the two largest

Tag: Crude Oil

Iran Officially Shuts Strait of Hormuz, Global Oil Markets Brace for Price Surge

Trump Shares Image Portraying Himself as ‘Acting President of Venezuela’, Sparks Global Buzz

No Pause on Russian Oil Imports, Say Govt Sources Over Trump’s Claim

End of an Era: The US State of California is set to bid Goodbye to Crude Oil

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