News for 'Oil'

Rupee Hits All-Time Low: What's Driving the Decline?

Rupee Hits All-Time Low: What's Driving the Decline?

Rediff.com27 Mar 2026

The Indian rupee depreciated significantly against the US dollar, reaching a new all-time low due to rising oil prices, a strong dollar, and ongoing geopolitical concerns. Domestic equity market declines and foreign investment outflows further contributed to the rupee's weakness.

Iran denies Trump's direct talk claims; confirms indirect US outreach

Iran denies Trump's direct talk claims; confirms indirect US outreach

Rediff.com30 Mar 2026

Iranian foreign ministry spokesperson Esmaeil Baghaei said that the country has held no "direct" talks with the United States as of now and added that it has received messages through some mediators regarding the US' desire for negotiations.

US seizes Venezuela-linked Russian-flagged oil tanker

US seizes Venezuela-linked Russian-flagged oil tanker

Rediff.com7 Jan 2026

According to a post on X by the US European Command, the tanker violated US sanctions and was tracked by the US Coast Guard cutter Munro prior to the operation.

Stock Markets Today March 27, 2026: Sensex tanks 927 points, Nifty50 Falls To 23,025

Stock Markets Today March 27, 2026: Sensex tanks 927 points, Nifty50 Falls To 23,025

Rediff.com27 Mar 2026

Benchmark indices Sensex and Nifty tumbled in early trade on Friday after a two-day rally, tracking a weak trend in global peers, as the US-Iran conflict continues to be a key overhang for the markets. Track Sensex, Nifty50 movement and key market drivers for March 27, 2026.

Iran agreed to hand over 'nuclear dust': Trump's big claim

Iran agreed to hand over 'nuclear dust': Trump's big claim

Rediff.com17 Apr 2026

Former US President Donald Trump claimed that Iran has agreed to return its "nuclear dust" to the United States as part of broader assurances not to pursue nuclear weapons. He expressed optimism about ongoing negotiations and a potential deal.

'Not an accident': Trump calls Hormuz 'Strait of Trump'

'Not an accident': Trump calls Hormuz 'Strait of Trump'

Rediff.com28 Mar 2026

US President Donald Trump jokingly referred to the Strait of Hormuz as the 'Strait of Trump' while discussing ongoing negotiations with Iran, adding that Iran was under pressure and willing to negotiate.

2 more Indian-flagged LPG tankers set to cross Strait of Hormuz

2 more Indian-flagged LPG tankers set to cross Strait of Hormuz

Rediff.com23 Mar 2026

Two more Indian-flagged LPG tankers have begun their journey from the Persian Gulf, navigating the Strait of Hormuz amidst regional conflict, following disruptions caused by recent tensions in the Middle East.

Stock Markets Today March 25, 2026: Sensex, Nifty50 Rally on US-Iran Ceasefire Hopes

Stock Markets Today March 25, 2026: Sensex, Nifty50 Rally on US-Iran Ceasefire Hopes

Rediff.com25 Mar 2026

Indian markets on Dalal Street rallied sharply as easing tensions in the US-Iran conflict and stable oil prices boosted sentiment. Track Nifty 50 and BSE Sensex performance and key global triggers.

RBI maintains repo rate at 5.25% as global recovery hopes rise post-ceasefire

RBI maintains repo rate at 5.25% as global recovery hopes rise post-ceasefire

Rediff.com8 Apr 2026

The Reserve Bank of India (RBI) has opted to keep its key interest rates unchanged at 5.25%, anticipating a global economic recovery following a ceasefire in the US/Israel-Iran conflict, despite ongoing inflationary pressures and currency fluctuations.

'Hormuz is still closed': Iranian embassy mocks Trump as 'idiot'

'Hormuz is still closed': Iranian embassy mocks Trump as 'idiot'

Rediff.com19 Apr 2026

The Iranian Embassy in South Africa has launched a biting social media attack on US President Donald Trump, using a viral maritime audio clip to label him an "idiot".

RIL denies report on Russia oil purchase

RIL denies report on Russia oil purchase

Rediff.com7 Jan 2026

Shares of Reliance Industries Limited (RIL) tumbled on Tuesday, posting its biggest single-day decline in 19 months, amid controversy over its purchase of Russian oil and profit-booking after recent gains.

No shortage, 60 days of fuel stocks available: Govt

No shortage, 60 days of fuel stocks available: Govt

Rediff.com26 Mar 2026

The Indian government has refuted claims of fuel shortages, asserting that the country possesses approximately 60 days of fuel stock cover and that all petrol pumps are adequately stocked and operating normally.

Sensex Crashes 1,400 Points, Nifty Near 22,250: Trump-Iran Tensions Trigger Market Selloff

Sensex Crashes 1,400 Points, Nifty Near 22,250: Trump-Iran Tensions Trigger Market Selloff

Rediff.com2 Apr 2026

Sensex plunges over 1,400 points and Nifty slips near 22,250 amid Trump's Iran threat, rising crude oil prices, and FII selling. Here are the key reasons behind today's market crash.

Stock Market Today: Sensex, Nifty50 decline 2% on rising tensions in West Asia

Stock Market Today: Sensex, Nifty50 decline 2% on rising tensions in West Asia

Rediff.com2 Apr 2026

Indian equities on Dalal Street saw volatility as global market trends and fresh tariff concerns linked to Donald Trump impacted investor sentiment. Track Sensex, Nifty50 movement and key market drivers for April 2, 2026.

2 Indian LPG tankers sail through Hormuz, 16 still stranded

2 Indian LPG tankers sail through Hormuz, 16 still stranded

Rediff.com6 Apr 2026

An Indian-flagged LPG vessel successfully transited the Strait of Hormuz, reducing the number of Indian ships stranded in the Persian Gulf. India is in talks with Iran to ensure safe passage for its tankers, and Indian refiners continue to purchase crude oil and LPG from Iran despite regional tensions.

Trump threatens to bomb Iran as Pakistan pushes for truce extension

Trump threatens to bomb Iran as Pakistan pushes for truce extension

Rediff.com21 Apr 2026

US President Donald Trump threatened to bomb Iran if a deal is not reached before the ceasefire ends, while Pakistan urged both sides to extend the truce and pursue diplomacy.

Stock Markets Today March 25, 2026 ' Sensex, Nifty50 Rally on US-Iran Ceasefire Hopes

Stock Markets Today March 25, 2026 ' Sensex, Nifty50 Rally on US-Iran Ceasefire Hopes

Rediff.com25 Mar 2026

Indian markets on Dalal Street rallied sharply as easing tensions in the US-Iran conflict and stable oil prices boosted sentiment. Track Nifty 50 and BSE Sensex performance and key global triggers.

Phew! India Secures Month-Long LPG Supply

Phew! India Secures Month-Long LPG Supply

Rediff.com27 Mar 2026

Around one full month of supply is firmly arranged with additional procurement being continuously finalised, and oil companies are successfully delivering over 5 million cylinders every day.

US-Iran: The Weekend Has Left The World In A More Dangerous Place

US-Iran: The Weekend Has Left The World In A More Dangerous Place

Rediff.com13 Apr 2026

The ceasefire is still technically holding, to the extent that no overt hostilities have been reported yet, but the rhetoric has hardened dangerously. The week ahead will also clarify whether the Islamabad failure was a negotiating tactic or whether Washington has genuinely locked itself into a position from which the only exits are climb-down, escalation, or the slow bleed of a new status quo that nobody chose and nobody controls. Prem Panicker continues his must read blog on the Iran War.

Surat Police File Case After Adulterated Paneer Seizure

Surat Police File Case After Adulterated Paneer Seizure

Rediff.com2 Apr 2026

Police in Surat, Gujarat, have filed a case against a supplier after 1,400 kg of paneer seized last month was found to be adulterated. The supplier is accused of selling the adulterated paneer to local dairies.

No permission needed to pass through Strait of Hormuz: Indian govt official

No permission needed to pass through Strait of Hormuz: Indian govt official

Rediff.com24 Mar 2026

A senior government official confirms that Indian vessels do not require permission to navigate the Strait of Hormuz, despite regional tensions. Several Indian ships, including LPG tankers, have safely crossed the strait, ensuring continued supply of essential commodities to India.

Stock Market Crash: 4 Lakh Crore Wiped Out as Sensex Falls 800 Points, Nifty Near 23,000

Stock Market Crash: 4 Lakh Crore Wiped Out as Sensex Falls 800 Points, Nifty Near 23,000

Rediff.com27 Mar 2026

Indian stock markets tumbled sharply with the Sensex falling 800 points and nearly 4 lakh crore wiped out in a single session. Here are the 6 key factors, including rupee weakness and global cues, behind the crash.

Elevated Energy Prices May Influence India's FY27 Fiscal Position: Icra

Elevated Energy Prices May Influence India's FY27 Fiscal Position: Icra

Rediff.com27 Mar 2026

Elevated global crude oil and natural gas prices, driven by geopolitical developments in West Asia, could significantly influence the Government of India's fiscal position for 2026-27, according to a report by ratings agency Icra.

Premium petrol price up Rs 2, industrial diesel up Rs 22; no change in normal petrol, diesel rates

Premium petrol price up Rs 2, industrial diesel up Rs 22; no change in normal petrol, diesel rates

Rediff.com20 Mar 2026

Petrol diesel price today March 20, 2026: IOCL & HPCL hike premium petrol (XP95, Speed, Power) by 2/litre and industrial diesel by 22/litre. Regular petrol in Delhi 94.77, diesel 87.67 unchanged. Full city-wise rates inside.

Recipe: Chef Varun's Homestyle Prawn Curry

Recipe: Chef Varun's Homestyle Prawn Curry

Rediff.com24 Mar 2026

Chef Varun Inamdar incorporates millets in a coastal Homestyle Prawn Curry.

NBFCs see rise in early-stage delinquencies from MSMEs due to West Asia war

NBFCs see rise in early-stage delinquencies from MSMEs due to West Asia war

Rediff.com15 Apr 2026

Several non-banking financial companies (NBFCs) are observing an increase in early-stage delinquencies within their micro, small and medium enterprises (MSME) loan portfolios, primarily driven by supply chain disruptions and escalating raw material costs exacerbated by the ongoing conflict in West Asia.

What Happens When Trump's Deadline Expires?

What Happens When Trump's Deadline Expires?

Rediff.com7 Apr 2026

Trump may strike. He may announce productive talks and extend again. He may do both at the same time. Iran will not open the Strait on someone else's terms, so no matter what happens, that problem will remain unsolved. And the IRGC will still be collecting its $2 million toll from every ship bold enough to ask permission to pass.

Rupee Bounces Back After RBI Intervention Amidst Market Volatility

Rupee Bounces Back After RBI Intervention Amidst Market Volatility

Rediff.com2 Apr 2026

The Indian rupee rebounded against the US dollar following intervention by the Reserve Bank of India, amidst ongoing concerns about foreign capital outflows, rising crude oil prices, and geopolitical instability.

Petrol, Diesel Price March 20, 2026: Premium Petrol Hiked Rs 2, Industrial Diesel Rs 22 - Regular Rates Unchanged

Petrol, Diesel Price March 20, 2026: Premium Petrol Hiked Rs 2, Industrial Diesel Rs 22 - Regular Rates Unchanged

Rediff.com20 Mar 2026

Petrol diesel price today March 20, 2026: IOCL & HPCL hike premium petrol (XP95, Speed, Power) by 2/litre and industrial diesel by 22/litre. Regular petrol in Delhi 94.77, diesel 87.67 unchanged. Full city-wise rates inside.

Iran War: Pakistan Was Flimsy, Face-Saving Fig Leaf

Iran War: Pakistan Was Flimsy, Face-Saving Fig Leaf

Rediff.com8 Apr 2026

Nobody takes Pakistan seriously and therefore Pakistan's sudden mediating with almost immediate results of a ceasefire seems more contrived than real, points out Vice Admiral Biswajit Dasgupta (retd).

Regime change in Iran was never our goal, claims Trump

Regime change in Iran was never our goal, claims Trump

Rediff.com2 Apr 2026

Trump emphasised that diplomatic discussions remain ongoing. At the same time, he issued a stark warning, saying that failure to reach an agreement could trigger military action.

India Suffers While China, EU Buy Russian Oil

India Suffers While China, EU Buy Russian Oil

Rediff.com7 Jan 2026

India has gained the least since Russia invaded Ukraine in February 2022 and was penalised the most, while the US, China and the European Union emerged as the biggest beneficiaries from the war.

Parliament adjourns sine die, Budget Session ends

Parliament adjourns sine die, Budget Session ends

Rediff.com18 Apr 2026

Both Houses of Parliament were adjourned sine die, concluding a Budget session marked by the passage of key legislations and the defeat of a Constitution amendment bill on women's reservation. The session saw frequent opposition protests and discussions on various issues, including the West Asia conflict.

Trump backs bill to 'punish' countries buying Russian oil

Trump backs bill to 'punish' countries buying Russian oil

Rediff.com8 Jan 2026

United States President Donald Trump has backed a sanctions bill that could impose 500 per cent tariffs on countries buying Russian oil, giving the White House leverage against countries like China and India to stop them from purchasing cheap oil from Moscow.

Stock Market Today: Sensex, Nifty50 Surge as US-Iran Tensions Ease

Stock Market Today: Sensex, Nifty50 Surge as US-Iran Tensions Ease

Rediff.com1 Apr 2026

Indian markets on Dalal Street rallied sharply as easing tensions in the US-Iran conflict and stable oil prices boosted sentiment. Track Nifty 50 and BSE Sensex performance and key global triggers.

Punjab Schools Reopen Following West Asia Conflict Fuel Measures

Punjab Schools Reopen Following West Asia Conflict Fuel Measures

Rediff.com30 Mar 2026

Pakistan's Punjab government has announced the reopening of all public and private educational institutions after implementing fuel-saving measures due to the conflict in West Asia. The decision comes as fuel supply stabilises and the government secures national fuel stocks.

US Eyes Iran Assault: High Risks Ahead

US Eyes Iran Assault: High Risks Ahead

Rediff.com6 Apr 2026

Although extensive air attacks have been carried out to destroy most of Iran's defence capabilities, the latter's resilience and sustenance during the war clearly indicate that the US landing force would encounter severe resistance in the operation, explains Commodore Venugopal Vengalil (retd).

Neither Israel Nor Iran Wants A Quick End To The War

Neither Israel Nor Iran Wants A Quick End To The War

Rediff.com23 Mar 2026

Israel wishes to continue its bombing campaign until Iran's military and industrial infrastructure are degraded to a point where it ceases to pose a threat to Israel. Iran, for its part, has learnt from its experience in the 12-day war of last June. Any ceasefire, it believes, will only be a prelude to another attack on itself. It is determined to convey that any attack on Iran will impose heavy costs on Israel, the US, America's allies in the Gulf -- and on the world at large, points out T T Ram Mohan.

Retail Inflation Inches Up to 3.4% in March, Driven by Food and Fuel

Retail Inflation Inches Up to 3.4% in March, Driven by Food and Fuel

Rediff.com13 Apr 2026

India's retail inflation marginally increased to 3.4 per cent in March, up from 3.21 per cent in February, primarily due to an uptick in certain food items and the initial impact of the West Asia crisis on fuel prices, according to government data.

New Solar-Powered Method Could Revolutionise Sustainable Aviation Fuel Production

New Solar-Powered Method Could Revolutionise Sustainable Aviation Fuel Production

Rediff.com30 Mar 2026

Researchers at the University of Sheffield have developed a novel method for producing sustainable aviation fuel (SAF) using concentrated solar energy and captured CO2, potentially reducing reliance on used cooking oil.