News for 'Oil'

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.

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.

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.

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.

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.

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.

Rupee on March 24, 2026: Rupee Declines as Dollar Strengthens and Crude Prices Rise

Rupee on March 24, 2026: Rupee Declines as Dollar Strengthens and Crude Prices Rise

Rediff.com24 Mar 2026

The Indian rupee weakened against the US dollar due to a strengthening dollar, high crude oil prices, and foreign fund outflows amid geopolitical uncertainties.

Iran War: Truce Is A Bitter Pill For Trump To Swallow

Iran War: Truce Is A Bitter Pill For Trump To Swallow

Rediff.com10 Apr 2026

The logic of war plus the gathering storms in US politics as the midterms loom large leave him with no real alternative but to negotiate, points out Ambassador M K Bhadrakumar.

After Hormuz, Iran to block Bab el-Mandeb strait? Top official drops hint

After Hormuz, Iran to block Bab el-Mandeb strait? Top official drops hint

Rediff.com4 Apr 2026

A senior Iranian legislator has suggested that Tehran could further escalate pressure on its adversaries by targeting the Bab el-Mandeb Strait, raising concerns about global supply chain vulnerabilities.

India Inc hits pause on factory expansion in March

India Inc hits pause on factory expansion in March

Rediff.com10 Apr 2026

India's new manufacturing project announcements more than halved in the fourth quarter of FY26, falling 60 per cent sequentially and 78 per cent year-on-year to approximately 1.7 trillion, driven by global uncertainties, geopolitical conflicts in West Asia, and existing unutilised manufacturing capacity.

Clean Energy Jobs To Triple By 2030

Clean Energy Jobs To Triple By 2030

Rediff.com15 Apr 2026

Jobs in the clean-energy sector are projected to reach 905,000, while energy efficiency-related jobs are expected to surge to 428,700 by 2029-2030.

5 Recipes Where A Banana Leaf Creates Magic

5 Recipes Where A Banana Leaf Creates Magic

Rediff.com1 Apr 2026

Utilising banana leaves in cooking is a technique used for centuries across India and other parts of the world too

Sensex tanked 2,497 points, its biggest single-day plunge since June 2024

Sensex tanked 2,497 points, its biggest single-day plunge since June 2024

Rediff.com19 Mar 2026

Indian stock market indices Sensex and Nifty experienced a significant drop in early trade, reversing a three-day rally. The decline was triggered by a sharp increase in crude oil prices, weak global market trends, and continuous outflows of foreign funds.

'Big day in Iran': Trump amid claims of 'regime change'

'Big day in Iran': Trump amid claims of 'regime change'

Rediff.com30 Mar 2026

Donald Trump claims the US military decimated Iran's Navy and Air Force, hinting at regime change while Iran accuses the US and Israel of planning a ground invasion.

Hormuz Crisis Hits India Hard

Hormuz Crisis Hits India Hard

Rediff.com14 Apr 2026

The cost of the war is being counted not in the corridors of power in Washington or Tehran, but in Firozabad's darkened furnace rooms, Howrah's idle casting sheds, and a barbershop in Kochi where the wait is suddenly, inexplicably, an hour long, notes Prem Panicker in his must read blog on the Iran War.

Sheena Bora Trial: Do Skeletons Rise?

Sheena Bora Trial: Do Skeletons Rise?

Rediff.com24 Apr 2026

The investigation into Sheena Bora's murder, and, later, the case, leans heavily on the half-burnt body found in rural Maharashtra in 2012. Therefore, the very strange and notable differences -- like the Case Of The Rising Skeleton -- between both postmortems/their reports done on it have a critical bearing.

Goldman Cuts India Market Outlook

Goldman Cuts India Market Outlook

Rediff.com27 Mar 2026

Goldman Sachs has materially lowered its earnings growth forecast for Indian companies by a cumulative 9 percentage points over the next two years.

'Trump's Aims In This War Have Been Inconsistent, Changing, Contradictory'

'Trump's Aims In This War Have Been Inconsistent, Changing, Contradictory'

Rediff.com1 Apr 2026

'What we have yet to see on either the US or the Iranian side is willingness to compromise on their ultimate demands and the flexibility to reach an agreement to end the war.

Trump threatens to sink Iranian ships near Hormuz blockade

Trump threatens to sink Iranian ships near Hormuz blockade

Rediff.com14 Apr 2026

In a sharp escalation of regional tensions, US President Donald Trump issued a fresh warning to Tehran on Monday, asserting that the American military is prepared to sink any Iranian vessels that approach the newly established naval blockade in the Strait of Hormuz.

Indian markets brace for volatility amid RBI policy, West Asia tensions

Indian markets brace for volatility amid RBI policy, West Asia tensions

Rediff.com5 Apr 2026

The Indian stock market is poised for a volatile week, influenced by the Reserve Bank of India's monetary policy decision, crucial global macroeconomic data, and the escalating geopolitical tensions in West Asia, according to market analysts.

China, Pakistan unveil five-point peace plan for West Asia

China, Pakistan unveil five-point peace plan for West Asia

Rediff.com31 Mar 2026

China and Pakistan have jointly proposed a five-point peace plan to address the ongoing conflict in West Asia, focusing on de-escalation and safe passage through the Strait of Hormuz.

Nomura, Citi slash year-end Nifty 50 target

Nomura, Citi slash year-end Nifty 50 target

Rediff.com17 Mar 2026

Foreign brokerages have started to cut their year-end targets for the Nifty 50 index amid the ongoing West Asia conflict.

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.

Over 1.7 million tonnes of India's fuel stuck in Strait of Hormuz

Over 1.7 million tonnes of India's fuel stuck in Strait of Hormuz

Rediff.com18 Mar 2026

Hundreds of Indian seafarers are stranded on vessels carrying crude oil, LPG, and LNG in the Persian Gulf due to the ongoing conflict in the Middle East, causing disruptions to India's energy supplies.

Sensex, Nifty Recover to Close Higher Amidst Rupee Rebound

Sensex, Nifty Recover to Close Higher Amidst Rupee Rebound

Rediff.com2 Apr 2026

Indian stock markets recovered from early losses to close higher, driven by value buying in IT and banking shares and a rebound in the rupee.

India Relaxes Import Duties on Key Petrochemicals to Stabilise Supply Chains

India Relaxes Import Duties on Key Petrochemicals to Stabilise Supply Chains

Rediff.com2 Apr 2026

The Indian government has waived customs duty on critical petrochemical products until June 30 to ensure supply stability and provide relief to consumers amid disruptions caused by the crisis in West Asia.

Iran Ceasefire: Pakistan Was Reading From Washington's Script

Iran Ceasefire: Pakistan Was Reading From Washington's Script

Rediff.com8 Apr 2026

By all available indications, the White House drafted a face-saving note and handed it, ready-made, to Islamabad. Pakistani Prime Minister Shehbaz Sharif was supposed to then post it in the guise of a plea urging Trump to extend the deadline by two weeks 'to allow diplomacy to run its course'. Trump would then graciously accept Pakistan's 'request' and declare a ceasefire. Sharif dutifully posted the message on X. Except that he, or whoever was handling the account, forgot to delete the tell-tale first line visible in the edit history: 'Draft - Pakistan's PM Message on X'. Prem Panicker's must read blog on the Iran War.

'Just for fun': Trump warns of more strikes on Iran's Kharg Island

'Just for fun': Trump warns of more strikes on Iran's Kharg Island

Rediff.com15 Mar 2026

US President Donald Trump indicated the possibility of further military operations against Iran's Kharg Island, a key oil export hub, claiming previous strikes had significantly damaged its infrastructure.

Jaishankar, Rubio discuss West Asia conflict's impact on energy security

Jaishankar, Rubio discuss West Asia conflict's impact on energy security

Rediff.com24 Mar 2026

External Affairs Minister S Jaishankar discussed the West Asia conflict's impact on the global economy, particularly energy security, with US Secretary of State Marco Rubio. He also engaged with GCC ambassadors and his Sri Lankan and German counterparts on the same issue.

Ceasefire in danger as Iran blocks Hormuz again after Israel attack

Ceasefire in danger as Iran blocks Hormuz again after Israel attack

Rediff.com8 Apr 2026

The fragile ceasefire in West Asia between the US and Iran to halt the hostilities in the region for two weeks faces renewed uncertainty as Tehran reportedly moved to block the strategic Strait of Hormuz once again due to Israel's intensified offensive against Hezbollah in Lebanon, according to Iranian state media Islamic Republic News Agency (IRNA), which US President Trump says was "not included" as part of the ceasefire deal.

Staggered Jet Fuel Price Hike to Shield Passengers from Steep Fare Rises

Staggered Jet Fuel Price Hike to Shield Passengers from Steep Fare Rises

Rediff.com1 Apr 2026

Civil Aviation Minister K Rammohan Naidu announced that public sector oil marketing companies will implement a partial and staggered increase in jet fuel prices for domestic airlines, aiming to protect passengers from steep fare hikes.

Navy commanders to discuss West Asia crisis impact on energy security

Navy commanders to discuss West Asia crisis impact on energy security

Rediff.com12 Apr 2026

Top commanders of the Indian Navy will discuss the implications of the West Asia crisis on India's energy security and review operational readiness at a three-day conference.

Me and ayatollah will run Strait of Hormuz: Trump

Me and ayatollah will run Strait of Hormuz: Trump

Rediff.com24 Mar 2026

Trump said that the strait will be "open very soon" if ongoing negotiations with Tehran continue successfully.

Recipe: Ronjita's Keema-Stuffed Mini Idlis

Recipe: Ronjita's Keema-Stuffed Mini Idlis

Rediff.com26 Mar 2026

Soft, bite-sized baby idlis are layered with a spiced minced meat mixture as they steam and the result is a delightful north-South fusion teatime treat.

Trump, Iran Inch Closer And Closer To A Deal

Trump, Iran Inch Closer And Closer To A Deal

Rediff.com18 Apr 2026

Trump has said he would be present at the signing ceremony in Islamabad. Don't be surprised if the Pakistani hosts make it a grand event in the geopolitics of the region. Trump would love that, notes Ambassador M K Bhadrakumar.

The US Rescue That Raises More Questions Than It Answers

The US Rescue That Raises More Questions Than It Answers

Rediff.com6 Apr 2026

The 'rescue' operation occurred within kilometres of Iran's underground tunnel complex at Isfahan, assessed by the IAEA and US intelligence as holding a substantial portion of the country's 60 per cent enriched uranium stockpile. Retired senior US military officers have highlighted that the mission's footprint -- hundreds of special operators, multiple heavy-lift aircraft deep inside Iran -- appears outsized for recovering a single airman. Prem Panicker continues his must read blog on the Iran War.