News for 'OIL'

Sensex and Nifty Surge on Metal and Auto Rally

Sensex and Nifty Surge on Metal and Auto Rally

Rediff.com17 Mar 2026

Indian benchmark stock indices Sensex and Nifty rallied for the second consecutive day, closing nearly 1 per cent higher, driven by gains in metal and auto sectors and positive global market trends.

Recipe: Turnip-Pear Soup

Recipe: Turnip-Pear Soup

Rediff.com9 Mar 2026

Pears with roasted turnips does make an unusual, yummy soup.

Iran has not closed Hormuz: Supreme leader's India representative

Iran has not closed Hormuz: Supreme leader's India representative

Rediff.com13 Mar 2026

Iran has not closed the Strait. It remains open; however, due to current conditions and circumstances, ships are unable to pass through the Hormuz. Otherwise, Iran never wanted the Strait to be closed or blocked, the supreme leader's representative said.

'US Won't Repeat China Trade Mistake With India'

'US Won't Repeat China Trade Mistake With India'

Rediff.com6 Mar 2026

'India should understand that we are not going to make the same mistakes with India that we made with China 20 years ago.'

Balrampur Petrol Pump Assault: Authorities Investigate Attack on Man and Mother

Balrampur Petrol Pump Assault: Authorities Investigate Attack on Man and Mother

Rediff.com26 Mar 2026

Authorities in Balrampur, Uttar Pradesh, have launched an inquiry after a man and his elderly mother were allegedly assaulted at a petrol pump. A video of the incident went viral, prompting swift action from local officials.

Iran war could end in 2-3 weeks, says Trump

Iran war could end in 2-3 weeks, says Trump

Rediff.com1 Apr 2026

Despite President Trump's optimistic prediction of a swift resolution to the ongoing conflict with Iran, Tehran dismisses any possibility of diplomatic breakthroughs, citing deep distrust and highlighting the complexities of US-Iran relations.

How Many Indians Live In The Middle East?

How Many Indians Live In The Middle East?

Rediff.com13 Mar 2026

Based on figures currently listed on the ministry of external affairs web site, a large number of Indians reside across West Asia.

TMC's Banerjee Alleges BJP Plot to Alter Bengal's Demography Ahead of Elections

TMC's Banerjee Alleges BJP Plot to Alter Bengal's Demography Ahead of Elections

Rediff.com31 Mar 2026

TMC leader Abhishek Banerjee accuses the BJP of attempting to alter West Bengal's demography by importing voters from other states ahead of the 2026 assembly elections, alleging a conspiracy to undermine the democratic rights of local residents.

Govt urges citizens to avoid panic booking, assures LPG, fuel supply

Govt urges citizens to avoid panic booking, assures LPG, fuel supply

Rediff.com12 Mar 2026

India imports nearly 60 percent of its LPG, with most cargo previously coming through the Strait of Hormuz, now closed for commercial shipping.

Iran rejects Trump's talks claim, says US buying time for military plans

Iran rejects Trump's talks claim, says US buying time for military plans

Rediff.com23 Mar 2026

"The US President's statements are within the framework of efforts to reduce energy prices and gain time to implement his military plans," the ministry stated.

RIL's telecom, retail and new biz could mitigate impact of West Asia crisis

RIL's telecom, retail and new biz could mitigate impact of West Asia crisis

Rediff.com13 Mar 2026

The Iran conflict led to a sharp correction in Reliance Industries Ltd's (RIL's) share price, which has been partially reversed by a rebound.

Abhishek Banerjee Accuses Centre of 'Taking' from People Amid LPG Price Hike

Abhishek Banerjee Accuses Centre of 'Taking' from People Amid LPG Price Hike

Rediff.com1 Apr 2026

TMC leader Abhishek Banerjee criticises the Union government over the hike in commercial LPG prices, accusing the Centre of 'taking' from people while the Mamata Banerjee administration provides relief. He also challenged the BJP to present a report card of its work in Rajganj constituency.

Stock Market Today: Sensex, Nifty suffer major meltdown as West Asia crisis intensifies

Stock Market Today: Sensex, Nifty suffer major meltdown as West Asia crisis intensifies

Rediff.com2 Mar 2026

Indian benchmark equity indices Sensex and Nifty experienced a significant crash in early trade, triggered by a sharp increase in crude oil prices and escalating tensions in the Middle East.

No need to panic, enough LPG supply for homes, says govt

No need to panic, enough LPG supply for homes, says govt

Rediff.com13 Mar 2026

The government has assured citizens that there is no need to panic book LPG cylinders, as uninterrupted supply to households is being ensured despite the ongoing conflict in West Asia.

8 Safest Countries To Flee To If WW3 Starts Tomorrow

8 Safest Countries To Flee To If WW3 Starts Tomorrow

Rediff.com26 Mar 2026

Amid growing international instability, folks all over the world are wondering if there is any country that can be considered a secure refuge, should this conflict expand into a larger war, drawing in many more nations.

Thailand: Always A Place To Return To

Thailand: Always A Place To Return To

Rediff.com7 Apr 2026

Discovering the stunning land of breathtaking temples.

Trump Won't Decide What Happens Next In The War

Trump Won't Decide What Happens Next In The War

Rediff.com2 Apr 2026

'The next two to three weeks will not be decided in Washington.' 'They will be decided in Tehran, in whatever calculation Iran makes about the costs of continued resistance against the costs of appearing to have yielded.'

Trump claims he threatened India, Pakistan with 250% tariff to stop war

Trump claims he threatened India, Pakistan with 250% tariff to stop war

Rediff.com28 Mar 2026

Former US President Donald Trump claimed he stopped a war between India and Pakistan and expressed his desire to be remembered as a great peacemaker.

Has US Repeated Its Iraq Mistake?

Has US Repeated Its Iraq Mistake?

Rediff.com11 Mar 2026

Israel and the United States had a plan. Iran punched back. And now the Gulf is reeling, the world is beginning to feel the pain and, as on date, no one in Washington or Tel Aviv appears willing to admit that the punch has landed, notes Prem Panicker, continuing his must-read blog on the war in the Middle East.

Banks urge RBI to revisit forex cap, flag MTM losses

Banks urge RBI to revisit forex cap, flag MTM losses

Rediff.com30 Mar 2026

Indian banks are urging the Reserve Bank of India (RBI) to reconsider its new $100 million cap on net open foreign-exchange positions, warning that the directive could lead to significant mark-to-market (MTM) losses and force an accelerated unwinding of trades, potentially impacting FY26 earnings.

Trump Is Caught Between Two Bad Options

Trump Is Caught Between Two Bad Options

Rediff.com16 Mar 2026

Fight on toward goals that keep receding, or exit with most objectives unmet. Trump is agitated, his poll numbers falling below the Plimsoll line, his base fractured between those who back the war and those who remember that he campaigned on ending them.

Pete said, 'Let's do it': Trump puts onus of Iran war on Pentagon chief

Pete said, 'Let's do it': Trump puts onus of Iran war on Pentagon chief

Rediff.com24 Mar 2026

Donald Trump claims a senior defence official urged military action against Iran, revealing escalating tensions and ongoing negotiations in the Middle East.

Trump's Pause Gives Iran NOTHING!

Trump's Pause Gives Iran NOTHING!

Rediff.com25 Mar 2026

The pause gives the US time to breathe, to regroup, to move its expeditionary force into position without risk of interception along the way. It gives Iran nothing -- on the ground, attacks against its infrastructure continue apace. Prem Panicker in his must read daily blog on the Gulf War.

Trump's unpredictable Iran policy baffles Americans, allies

Trump's unpredictable Iran policy baffles Americans, allies

Rediff.com31 Mar 2026

Donald Trump's inconsistent statements and actions regarding the conflict with Iran have drawn criticism and confusion, raising questions about American credibility and the direction of US foreign policy.

Iran denies reports of $2 mn levy on vessels in Strait of Hormuz

Iran denies reports of $2 mn levy on vessels in Strait of Hormuz

Rediff.com23 Mar 2026

The diplomatic intervention follows various media reports which attributed comments to Iranian lawmaker Alaeddin Boroujerdi, suggesting that merchant vessels were being charged USD 2 million for safe passage through the "conflict-hit Hormuz."

Gulf Conflict: 300,000 Jobs At Risk

Gulf Conflict: 300,000 Jobs At Risk

Rediff.com17 Mar 2026

'If movement remains stalled for three to four months, more than 300,000 recruitments from India could be affected.'

1,000 Indians still in Iran: MEA to Parl panel

1,000 Indians still in Iran: MEA to Parl panel

Rediff.com18 Mar 2026

The Ministry of External Affairs informed a parliamentary committee that nearly 1,000 Indians remain in Iran amidst the West Asia conflict, and 23,000 students in the Gulf region missed CBSE exams due to the turmoil.

Need full access to oil, warns Trump as Venezuela seeks cooperation

Need full access to oil, warns Trump as Venezuela seeks cooperation

Rediff.com5 Jan 2026

As Delcy Rodriguez took charge late on Sunday as Venezuela's acting president, United States President Donald Trump issued a sharp warning, saying she must give the US 'total access' or face consequences 'probably worse than Maduro'.

Pakistan Assures Saudi Arabia of Support 'Before It Is Needed' Amid West Asia Conflict

Pakistan Assures Saudi Arabia of Support 'Before It Is Needed' Amid West Asia Conflict

Rediff.com11 Mar 2026

A senior Pakistani official has affirmed Pakistan's commitment to supporting Saudi Arabia, even before assistance is explicitly requested, amidst ongoing conflict in West Asia. This pledge underscores the close ties between the two nations and Pakistan's role in regional stability.

Qatar declares force majeure, gas supplies to Indian industry cut

Qatar declares force majeure, gas supplies to Indian industry cut

Rediff.com3 Mar 2026

Qatar, India's largest supplier of imported natural gas, has declared force majeure on deliveries following a halt in production in the wake of an Iranian drone strike -- a disruption that has led to a cut in supplies to Indian industry by up to 40 per cent, sources said.

War Exposes Cracks in US-Israel Alliance

War Exposes Cracks in US-Israel Alliance

Rediff.com20 Mar 2026

Alliances fight wars effectively only when they share an endgame. If Israel acted without US knowledge, then the military alliance is operating without real coordination at the level of strategic targeting. Neither picture is reassuring in a war that is no longer regional in its consequences. Prem Panicker continues his must read daily blog on the Gulf War.

No shortage whatsoever of petrol, diesel, kerosene, assures govt in LS

No shortage whatsoever of petrol, diesel, kerosene, assures govt in LS

Rediff.com12 Mar 2026

Responding to concerns raised by Leader of the Opposition Rahul Gandhi in the Lok Sabha, Petroleum Minister Hardeep Puri said it is the foremost priority of the government that the kitchens of over 33 crore families, especially the poor and the underprivileged, do not face any shortage of gas.

'Suddenly, LPG Supply Stopped On Sunday'

'Suddenly, LPG Supply Stopped On Sunday'

Rediff.com11 Mar 2026

'Nobody explained why. After that there was panic buying, there was hoarding -- and then nothing reached us.'

Recipe: Chef Varun's Finger Millet Soup

Recipe: Chef Varun's Finger Millet Soup

Rediff.com2 Mar 2026

Millets add earthy richness to a soup, especially ragi.

Iran war: Fiscal pressures on govt may mount next FY, say experts

Iran war: Fiscal pressures on govt may mount next FY, say experts

Rediff.com19 Mar 2026

Revenue collection next financial year may be affected, and, along with this, subsidies on food and fertilisers can go up if the war in West Asia drags for long, according to experts.

Saudi Arabia expels Iranian military attache, staff after blatant attacks

Saudi Arabia expels Iranian military attache, staff after blatant attacks

Rediff.com22 Mar 2026

The official statement highlighted that these "blatant Iranian attacks" have also targeted members of the Gulf Cooperation Council (GCC) and several other Arab and Islamic nations.

Rupee slumps 69 paise to all-time low of 92.18/USD

Rupee slumps 69 paise to all-time low of 92.18/USD

Rediff.com4 Mar 2026

Rupee slumped 69 paise to an all-time low of 92.18 against the US dollar in early trade on Wednesday, as a sharp spike in crude oil prices amid geopolitical tensions following the escalation of the US-Iran conflict weighed on investor sentiment.

Bulk carrier targeted by 'unknown projectile' off UAE coast; crew safe

Bulk carrier targeted by 'unknown projectile' off UAE coast; crew safe

Rediff.com22 Mar 2026

The UK Maritime Trade Operations issued a warning noting that the incident took place approximately 15 nautical miles north of Sharjah.

2 more Indian ships safely cross Strait of Hormuz

2 more Indian ships safely cross Strait of Hormuz

Rediff.com14 Mar 2026

Two Indian ships carrying liquified petroleum gas (LPG) from the Gulf countries crossed the Strait of Hormuz early on Saturday morning, raising the number of Indian vessels safely passing through the war-hit, narrow shipping lane to three.

PM Modi Highlights Worrisome West Asia Situation and Impact on India

PM Modi Highlights Worrisome West Asia Situation and Impact on India

Rediff.com23 Mar 2026

Prime Minister Narendra Modi addressed the Lok Sabha on the West Asia crisis, expressing concern over its impact on the global economy and assuring the safety of Indian citizens in the region.