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Crude Oil Prices Below $90 Mark After IEA Proposes Largest Ever Emergency Release Amid US‑Iran War

New Delhi: Crude oil prices further declined on Wednesday following reports that the International Energy Agency (IEA) has proposed the largest release of emergency reserves in its history to cool the price surge fuelled by the ongoing US‑Iran war. The proposed release would surpass the 182 million barrels deployed in two tranches in 2022 following

ASSOCHAM Warns West Asia Conflict Could Hit Global Trade, India’s Energy and Exports

New Delhi: ASSOCHAM has cautioned that a prolonged conflict in West Asia, amid rising tensions involving the US, Israel, and Iran, could disrupt global trade and negatively impact India’s energy supplies and exports. The apex industry chamber said India’s economy is closely linked to West Asian supply chains while also relying heavily on the Gulf

Oil Prices Fall After 15% Spike as US Grants 30-Day Waiver for India to Buy Russian Crude

New Delhi: After rallying more than 15 per cent since last week amid the US-Israel and Iran conflict, global oil prices declined early on Friday following Washington’s decision to allow a 30-day waiver for Indian refiners to purchase Russian crude cargoes stranded at sea, easing immediate supply pressures in the market. The April contract of

Crude Oil Steadies, Rises 1% Amid West Asia Tensions After Previous 10% Surge

New Delhi: Crude oil prices climbed around 1% on Tuesday, showing signs of temporary stabilisation following a 10% jump in the previous session. The market reacts to escalating conflict in West Asia and supply concerns through the Strait of Hormuz. The US crude futures rose 1.4 per cent to $72.23. Brent crude gained 1.87 per

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

Oil Prices Continue To Surge Amid Growing Israel-Iran Tensions

New Delhi: Oil prices rose sharply on Tuesday after US President Donald Trump called for the evacuation of Tehran, raising fears of a wider conflict in the Middle East. The prices jumped initially but later eased as the market stayed cautious about any major disruption in oil supplies. Brent crude oil went up by as

Tag: oil prices

Crude Oil Prices Below $90 Mark After IEA Proposes Largest Ever Emergency Release Amid US‑Iran War

ASSOCHAM Warns West Asia Conflict Could Hit Global Trade, India’s Energy and Exports

Oil Prices Fall After 15% Spike as US Grants 30-Day Waiver for India to Buy Russian Crude

Crude Oil Steadies, Rises 1% Amid West Asia Tensions After Previous 10% Surge

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

Oil Prices Continue To Surge Amid Growing Israel-Iran Tensions

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