News for 'Oil'

India 'deplores' attack on Gujarat-bound ship in Strait of Hormuz

India 'deplores' attack on Gujarat-bound ship in Strait of Hormuz

Rediff.com12 Mar 2026

India has condemned the escalating attacks on commercial shipping in West Asia, particularly after a Thai-flagged vessel en route to India's Kandla Port was targeted in the Strait of Hormuz. The attacks have disrupted global oil and gas supplies, impacting India's energy imports.

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.

Trump livid as NATO allies refuse help on Hormuz Strait

Trump livid as NATO allies refuse help on Hormuz Strait

Rediff.com3 days ago

President Trump asserts the US military has decimated Iran's forces and no longer requires assistance from NATO allies to secure the Strait of Hormuz, despite earlier requests for support.

Hormuz Crisis Threatens Global Economy

Hormuz Crisis Threatens Global Economy

Rediff.com12 Mar 2026

When missiles fly in this region, they are never just aimed at military targets.

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.

India grapples with LPG supply crunch, but panic buying eases

India grapples with LPG supply crunch, but panic buying eases

Rediff.com12 hours ago

India continues to face LPG supply challenges for the third consecutive week due to disruptions caused by the West Asia conflict, though panic buying is showing signs of easing. The government is prioritising domestic household supplies and encouraging alternative fuel sources.

SEE: First crude tanker reaches India amid Hormuz crisis

SEE: First crude tanker reaches India amid Hormuz crisis

Rediff.com12 Mar 2026

The tanker reportedly switched off its Automatic Identification System (AIS) transponder while navigating the high-risk stretch of the strait and reappeared on tracking systems on March 9.

Iran allows Indian ships to pass through Hormuz: Sources

Iran allows Indian ships to pass through Hormuz: Sources

Rediff.com12 Mar 2026

IRGC said vessels seeking to sail through the strategically critical Strait of Hormuz must obtain Iran's approval; otherwise, they could become targets of Iranian attacks.

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.

Hormuz Closure Puts Gulf Refining At Risk

Hormuz Closure Puts Gulf Refining At Risk

Rediff.com6 days ago

'Refiners may soon be forced to adjust operations, curtailing runs as product exports stall and directing output solely to domestic markets.'

India's 2nd LPG tanker 'Nanda Devi' reaches Gujarat port amid crisis

India's 2nd LPG tanker 'Nanda Devi' reaches Gujarat port amid crisis

Rediff.com3 days ago

Despite ongoing tensions in West Asia, the successful arrival of the LPG carrier 'Nanda Devi' in Gujarat ensures a steady supply of liquefied petroleum gas to India, highlighting the country's efforts to secure its energy needs.

US missile strike targets school, homes in Iran: Report

US missile strike targets school, homes in Iran: Report

Rediff.com10 Mar 2026

A United States missile strike has reportedly hit an educational facility in Khomeyn in central Iran, according to a report by Al Jazeera citing Iran's Mehr news agency. The site was identified as the Dr Hafez Khomeyni School.

Sensex and Nifty Surge on Metal and Auto Rally

Sensex and Nifty Surge on Metal and Auto Rally

Rediff.com3 days ago

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.

Rs 14 Trillion Investor Wealth Wiped Out

Rs 14 Trillion Investor Wealth Wiped Out

Rediff.com7 Mar 2026

Sensex and Nifty post steepest weekly loss in over a year, falling nearly 3 per cent.

US 7th fleet's USS Tripoli strike group heads to West Asia as tensions soar

US 7th fleet's USS Tripoli strike group heads to West Asia as tensions soar

Rediff.com6 days ago

According to the report, the Pentagon is deploying the USS Tripoli ARG, along with the 31st Marine Expeditionary Unit (MEU), part of its own strike group.

How a single diplomatic headline triggers a 1,000-point swing?

How a single diplomatic headline triggers a 1,000-point swing?

Rediff.com12 Mar 2026

In the present hyper-connected world, there are many domestic and global factors that affect financial markets. Of them, the most powerful and often least predictable are geopolitical events, which often boil down to one diplomatic headline.

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

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

Rediff.com7 days ago

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.

How Many Indians Live In The Middle East?

How Many Indians Live In The Middle East?

Rediff.com7 days ago

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

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.com7 days ago

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.

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.

War Exposes Cracks in US-Israel Alliance

War Exposes Cracks in US-Israel Alliance

Rediff.com14 hours ago

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.

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

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

Rediff.com2 days ago

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.

Trump Is Caught Between Two Bad Options

Trump Is Caught Between Two Bad Options

Rediff.com4 days ago

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.

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

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

Rediff.com7 days ago

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.

Gulf Conflict: 300,000 Jobs At Risk

Gulf Conflict: 300,000 Jobs At Risk

Rediff.com3 days ago

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

Recipe: Turnip-Pear Soup

Recipe: Turnip-Pear Soup

Rediff.com9 Mar 2026

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

Russia demands swift return of nationals from seized oil tanker

Russia demands swift return of nationals from seized oil tanker

Rediff.com8 Jan 2026

According to a statement cited by TASS, the Russian foreign ministry said it is closely monitoring reports that the US military has boarded the tanker Mariner, originally Bella 1, on the high seas, noting that Russian citizens are among the crew.

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.com1 days ago

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.

Is India Still Buying Russian Oil?

Is India Still Buying Russian Oil?

Rediff.com17 Dec 2025

Indian private sector and State-run refiners continued to receive crude oil from Russian suppliers even after November 21 -- the winding-down date for US sanctions on supplies from leading Russian oil producers imposed in October -- as new intermediaries sprung up in West Asia to sell the oil, according to senior refining sources and ship tracking data.

'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.'

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.

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.

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.

2 more Indian ships safely cross Strait of Hormuz

2 more Indian ships safely cross Strait of Hormuz

Rediff.com6 days ago

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.

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.

'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.'

8 Delightful Recipes For Gudi Padwa

8 Delightful Recipes For Gudi Padwa

Rediff.com1 days ago

This Thursday, March 19 begins the Maharashtrian new year. Gudi Padwa is brought in with traditional rituals that revolve around a new kalash. There is rangoli too. And flowers. An a spectacular array of food.

Merchant navy captain from Ranchi dies near Strait of Hormuz

Merchant navy captain from Ranchi dies near Strait of Hormuz

Rediff.com11 hours ago

The family of Captain Rakesh Ranjan, who died on a merchant vessel near the Strait of Hormuz, is seeking assistance from the Indian government to repatriate his body. They claim the ship was stranded due to the West Asia conflict and are urging authorities to expedite the process and ensure the release of his financial dues.

Will hit Iran 'twenty times harder' if...: Trump

Will hit Iran 'twenty times harder' if...: Trump

Rediff.com10 Mar 2026

United States President Donald Trump has issued a strong warning to Iran, asserting that any attempt to impede the transit of petroleum through the Strait of Hormuz would be met with massive military retaliation.

Delhi Police Seize Hundreds of LPG Cylinders in Black Market Bust

Delhi Police Seize Hundreds of LPG Cylinders in Black Market Bust

Rediff.com4 days ago

Delhi Police have registered multiple FIRs and seized hundreds of LPG cylinders in a crackdown on illegal storage, refilling, and black marketing operations amid concerns of potential supply shortages.