NEW DELHI: Foreign minister S Jaishankar discussed the situation in the Strait of Hormuz with his Iranian counterpart Seyed Abbas Araghchi in a phone conversation on Tuesday evening. While Jaishankar stressed the need for safe merchant shipping, an Iranian readout said that they discussed the “consequences of the US and Israeli regime’s military aggression on…
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NEW DELHI: US ambassador Sergio Gor lauded India’s role in maintaining stable oil prices around the world, saying Washington recognises ongoing purchases of Russian oil by the Indian govt are a part of this effort. The remarks by the ambassador follows the US’s decision last week, in the middle of the war in West Asia…
NEW DELHI: India’s oil purchases from Russia have increased by nearly 45% in March, rising from around 1 million barrels a day (mbd) in Feb to 1.5 mbd in the first 11 days of the month.With transit through the Strait of Hormuz disrupted since the beginning of the conflict 12 days ago, supplies from oil-rich…
‘Oil Cos Have Ramped Up Output By 25%’ NEW DELHI: Govt on Wednesday said oil companies have ramped up LPG output by 25%, helping bridge a part of the deficit due to deficient imports, and advised against panic buying as cylinders were being delivered in two-and-a-half days. India imports around 60% of LPG. “Feedback suggests…
Amid the escalating conflict in West Asia, EAM S Jaishankar on Wednesday spoke to his Russian counterpart Sergey Lavrov and European Union’s foreign policy chief Kaja Kallas. He also had a similar conversation with his French counterpart Jean-Noel Barrot.“A good telecon with foreign minister Sergey Lavrov of Russia. Shared our assessments on the West Asia…
The United States has initiated new investigations into what it views as unfair trade practices by numerous countries, potentially paving the way for penalties such as additional tariffs, as President Donald Trump looks for alternatives after duties he imposed were struck down by the Supreme Court.The investigation into excess industrial capacity is aimed at India…
The U.S. markets regulators are melding their operations in the places where the duties of the Securities and Exchange Commission (SEC) and the Commodity Futures Trading Commission (CFTC) overlap, and building a crypto oversight framework is listed among the core aims of a written agreement released on Wednesday. Most of the objectives of the memorandum…
NEW DELHI: Congress neta Rahul Gandhi Wednesday alleged “PM Narendra Modi is compromised”, saying he was stopped from speaking during the motion of thanks debate because he wanted to raise issues critical to the people. This was the first time a leader of opposition was thwarted from addressing Lok Sabha, Rahul claimed.Rahul, along with MP…
The United States is set to release 172 million barrels of oil from strategic reserve, the energy department said on Thursday. This came after US President Donald Trump said that he would tap into strategic reserves to reduce prices amid Iran war.“Right now we’ll reduce it a little bit and that brings the prices down,”…
