Search results for 'OIL'

China, Russia veto Bahrain-backed UN resolution to reopen Hormuz

China, Russia veto Bahrain-backed UN resolution to reopen Hormuz

Rediff.com8 Apr 2026

Russia and China vetoed a Bahrain-backed UN resolution aimed at reopening the Strait of Hormuz. A resolution that was already diluted to secure their abstentions.

You're negotiating with yourself: Iranian military mocks Trump

You're negotiating with yourself: Iranian military mocks Trump

Rediff.com25 Mar 2026

Iranian military spokesperson said that stability in the region would be ensured only by the strength of Iran's armed forces and warned that energy and oil markets would not return to previous levels unless this reality was acknowledged.

Iran blames US amid intensifying energy crisis

Iran blames US amid intensifying energy crisis

Rediff.com11 Mar 2026

Iran has blamed the US for disruptions in oil and gas shipping through the Strait of Hormuz, citing 'destabilising actions' as the cause amid the ongoing West Asia conflict and rising energy prices.

'We were kept in jail for 50 days': Indian sailors recount escape from Iran

'We were kept in jail for 50 days': Indian sailors recount escape from Iran

Rediff.com1 Apr 2026

A group of Indian sailors recount their harrowing experience of being detained in Iran on suspicion of smuggling, and their subsequent escape from the country as regional tensions escalated into open conflict.

India Should Have Been Better Prepared For Gulf War

India Should Have Been Better Prepared For Gulf War

Rediff.com17 Mar 2026

'Our diplomacy should have been focused on preventing war and avoiding the inevitable disruptions it would cause, posing a real risk to India's growth story,' asserts former foreign secretary Shyam Saran.

Manipur Government Transfers Bombing Investigation to NIA After Child Casualties

Manipur Government Transfers Bombing Investigation to NIA After Child Casualties

Rediff.com7 Apr 2026

The Manipur government has handed over the investigation into a bomb attack in Bishnupur district, which resulted in the deaths of two children, to the National Investigation Agency (NIA). The decision follows protests and unrest in the region.

Evacuate Now! Iran Warns Civilians in Neighbouring Gulf Countries

Evacuate Now! Iran Warns Civilians in Neighbouring Gulf Countries

Rediff.com27 Mar 2026

The IRGC accused US and Israeli forces of using civilians as 'human shields' and warned of continued attacks.

Recipe: Chef Varun's Ragi Veggie Galettes

Recipe: Chef Varun's Ragi Veggie Galettes

Rediff.com10 Mar 2026

Chef Varun Inamdar creates tasty little baby vegetable cakes or galettes from ragi or finger millets.

Sri Lanka Private Bus Operators Threaten Strike Over Fuel Price Surge

Sri Lanka Private Bus Operators Threaten Strike Over Fuel Price Surge

Rediff.com22 Mar 2026

Private bus operators in Sri Lanka warn of potential service disruptions and a nationwide strike due to significant fuel price increases, impacting public transport and raising concerns about inflation.

'Strait of Hormuz closed to Iran's enemies only'

'Strait of Hormuz closed to Iran's enemies only'

Rediff.com22 Mar 2026

Ali Mousavi stated that such cooperation is essential for maintaining stability in the strategic waterway.

Iran will be decimated within 4 hours if...: Trump

Iran will be decimated within 4 hours if...: Trump

Rediff.com7 Apr 2026

Trump also brushed off criticism of his expletive-laden references to causing destruction in Iran if they failed to make a deal to end the war.

Government Boosts Kerosene Supply as LPG Alternative Amid West Asia Tensions

Government Boosts Kerosene Supply as LPG Alternative Amid West Asia Tensions

Rediff.com12 Mar 2026

The Indian government has allocated an additional 40,000 kilolitres of kerosene to states as an alternative fuel to LPG, amid the ongoing crisis in West Asia. The government assures a comfortable crude oil supply situation in the country.

With a little more time, we can open Hormuz: Trump

With a little more time, we can open Hormuz: Trump

Rediff.com4 Apr 2026

US President Donald Trump on Friday referred to the Strait of Hormuz as a potential "gusher" for the world and spoken about "opening it for the world."

Stock Market Today March 9, 2026: Sensex tanks 1,353 points

Stock Market Today March 9, 2026: Sensex tanks 1,353 points

Rediff.com9 Mar 2026

Indian equity markets experienced a significant downturn, with the Sensex and Nifty plummeting due to rising crude oil prices, geopolitical tensions in West Asia, and continuous foreign fund outflows.

Trump urges countries to send warships to open Hormuz Strait

Trump urges countries to send warships to open Hormuz Strait

Rediff.com14 Mar 2026

Trump also called upon China, France, and Japan, among others, to send ships to the Strait of Hormuz.

Rahul Gandhi Alleges Kerala CM Vijayan's Alliance with Forces Attacking Minorities

Rahul Gandhi Alleges Kerala CM Vijayan's Alliance with Forces Attacking Minorities

Rediff.com4 Apr 2026

Congress leader Rahul Gandhi has accused Kerala Chief Minister Pinarayi Vijayan of aligning with forces that attack minorities, during election rallies in Kerala. He also criticised the CM on other issues including alleged corruption and economic failures.

Indian Exports See Marginal Decline in February Amid Geopolitical Tensions

Indian Exports See Marginal Decline in February Amid Geopolitical Tensions

Rediff.com16 Mar 2026

India's merchandise exports experienced a slight decrease in February, while imports surged due to increased gold and silver purchases, leading to a widened trade deficit. The West Asia crisis is expected to further impact trade in the coming months.

ESMA invoked to ramp up LPG production amid fuel crisis

ESMA invoked to ramp up LPG production amid fuel crisis

Rediff.com6 Mar 2026

The Indian government has directed oil refineries to increase LPG production to ensure a stable supply of domestic cooking gas, amidst concerns over potential disruptions from the escalating Middle East conflict and its impact on imports.

India flags maritime security, energy concerns at UK-led West Asia meet

India flags maritime security, energy concerns at UK-led West Asia meet

Rediff.com2 Apr 2026

India's foreign secretary Vikram Misri on Thursday participated in a high-level meeting hosted by the United Kingdom on the evolving situation in West Asia, underlining concerns over maritime security, energy supply disruptions and the need for diplomatic de-escalation.

Gulf War: Time India Distances Itself From Israel

Gulf War: Time India Distances Itself From Israel

Rediff.com31 Mar 2026

It may now be time to question the price India is paying for Israel's disregard of the serious undermining of India's energy security, asserts former foreign secretary Shyam Saran.

RBI: Forex market interventions are temporary, not structural shifts

RBI: Forex market interventions are temporary, not structural shifts

Rediff.com9 Apr 2026

Reserve Bank of India (RBI) Governor Sanjay Malhotra stated that recent regulatory measures to address foreign exchange market volatility, such as capping banks' net open positions, are temporary and aligned with current market conditions, not signalling any structural shift in policy.

BPCL Customers Face Charges Over Misappropriated Funds

BPCL Customers Face Charges Over Misappropriated Funds

Rediff.com2 Apr 2026

Seven customers of Bharat Petroleum Corporation Limited (BPCL) in Indore have been booked for allegedly misappropriating over Rs 5.7 crore that was wrongly deposited into their digital wallets. Police are investigating how Rs 129.55 crore was incorrectly credited to around 1,000 BPCL 'Smart Fleet' customers.

West Asia crisis: Modi asks Indians to 'be ready for every eventuality'

West Asia crisis: Modi asks Indians to 'be ready for every eventuality'

Rediff.com25 Mar 2026

Prime Minister Narendra Modi addresses the Rajya Sabha, detailing India's strategies to navigate the global energy crisis sparked by the West Asia conflict, including securing diverse energy sources and expanding strategic oil reserves.

How An Indian Sailor Survived The Strait Of Hormuz

How An Indian Sailor Survived The Strait Of Hormuz

Rediff.com14 Apr 2026

'We kept our bags packed, ready to jump into the sea. Many times, I felt it could be my last day.'

US, Iran explore 45-day ceasefire as mediators push for deal

US, Iran explore 45-day ceasefire as mediators push for deal

Rediff.com6 Apr 2026

The United States and Iran, with regional mediators, are reportedly discussing a potential 45-day ceasefire to prevent further escalation of conflict, including strikes on Iranian infrastructure and retaliation against Gulf states' facilities.

Now 25 Day Wait To Book Gas Cylinder

Now 25 Day Wait To Book Gas Cylinder

Rediff.com10 Mar 2026

The government has introduced a mandatory 25-day gap between LPG cylinder bookings due to supply concerns arising from global disruptions and tensions in the Strait of Hormuz. This measure aims to prevent hoarding and prioritise essential non-domestic sectors, while domestic LPG production is being increased to mitigate shortages.

India commissions nuclear submarine INS Aridaman, indigenous stealth frigate INS Taragiri

India commissions nuclear submarine INS Aridaman, indigenous stealth frigate INS Taragiri

Rediff.com3 Apr 2026

India has commissioned its new indigenously-built nuclear-powered ballistic missile submarine INS Aridaman into service, further strengthening the naval component of its nuclear triad. Defence Minister Rajnath Singh also highlighted the Indian Navy's role in securing maritime trade routes.

Stock Market Today March 6, 2026: Sensex, Nifty dive over 1% on boiling crude price

Stock Market Today March 6, 2026: Sensex, Nifty dive over 1% on boiling crude price

Rediff.com6 Mar 2026

Indian stock market benchmark indices Sensex and Nifty experienced a significant decline, driven by escalating tensions in the Middle East and rising crude oil prices.

Delhi Man Nabbed for Manufacturing and Storing Fake Auto Parts

Delhi Man Nabbed for Manufacturing and Storing Fake Auto Parts

Rediff.com15 Mar 2026

Delhi Police have arrested a 33-year-old man for allegedly manufacturing and storing counterfeit automobile parts and packaging materials in a godown in west Delhi.

Talking with 'a top person' in Iran, not new supreme leader: Trump

Talking with 'a top person' in Iran, not new supreme leader: Trump

Rediff.com23 Mar 2026

The US President clarified that these negotiations do not involve the new Supreme Leader, Mojtaba Khamenei.

'They sought time': Trump extends pause on Iran strikes for 10 days

'They sought time': Trump extends pause on Iran strikes for 10 days

Rediff.com27 Mar 2026

In a post on Truth Social, Trump said the decision followed a request from the Iranian government and added that talks between the two sides were 'going very well'.

Investors Should Consider Buying If Markets Correct Further

Investors Should Consider Buying If Markets Correct Further

Rediff.com10 Mar 2026

A fall in the Nifty 50 to around 19,000 is not impossible, but that would likely require nuclear options to be exercised.

Iran hits Israel's Haifa shortly after Trump says its missile program curtailed

Iran hits Israel's Haifa shortly after Trump says its missile program curtailed

Rediff.com2 Apr 2026

The Israel Defence Forces (IDF) confirmed the missile launches in a statement on Telegram, noting that defensive systems were actively operating to intercept the threat.

West Asia War: Rs 48.29 Lakh Crore Investor Wealth Wiped Out Since Conflict Began

West Asia War: Rs 48.29 Lakh Crore Investor Wealth Wiped Out Since Conflict Began

Rediff.com23 Mar 2026

Indian investors have seen their wealth erode by a staggering Rs 48.29 lakh crore since the West Asia war began on February 28, leading to a significant downturn in the BSE Sensex and NSE Nifty, driven by geopolitical tensions and rising crude oil prices.

Modi to make statement in RS over West Asia on Tuesday

Modi to make statement in RS over West Asia on Tuesday

Rediff.com23 Mar 2026

Modi said that the West Asia crisis has been going on now for more than three weeks and is having a very adverse impact on the global economy and on people's lives. He said the entire world is urging all parties for the earliest resolution of this crisis.

US strikes Iranian naval vessels near Hormuz Strait

US strikes Iranian naval vessels near Hormuz Strait

Rediff.com11 Mar 2026

According to the Pentagon, the vessels were targeted as part of efforts to prevent the deployment of naval mines in the strategically vital passage through which a significant portion of global crude oil shipments transits.

Jain Recipes: Kele Appe, Pav Bhaji, Mango Sevaiya Custard

Jain Recipes: Kele Appe, Pav Bhaji, Mango Sevaiya Custard

Rediff.com31 Mar 2026

Jain food is light on the stomach and uses no potatoes, onions or garlic. Try these green banana specials. And a mango custard.

Iran Has Not Allowed Any Indian Ship To Pass Through Strait Of Hormuz

Iran Has Not Allowed Any Indian Ship To Pass Through Strait Of Hormuz

Rediff.com13 Mar 2026

24 Indian-flagged vessels with 677 Indian seafarers were currently located west of the Strait of Hormuz, and four vessels with 101 Indian seafarers were stationed east of the strategic waterway.

India's Services Sector Growth Eases to 14-Month Low

India's Services Sector Growth Eases to 14-Month Low

Rediff.com6 Apr 2026

India's services sector growth slowed in March, reaching a 14-month low, according to the HSBC India Services PMI. The slowdown reflects weaker new business intakes and rising input costs, particularly in fuel, transport, and logistics.

Rupee falls 18 paise to close at 91.82 against US dollar

Rupee falls 18 paise to close at 91.82 against US dollar

Rediff.com7 Mar 2026

The Indian rupee weakened against the US dollar due to rising crude oil prices, geopolitical tensions in the Middle East, and foreign fund outflows.