S&P Global Ratings warns that Indian oil marketing companies like IOC, BPCL, and HPCL may face reduced profit margins due to rising crude oil prices and government pressure to maintain stable retail prices.
'We need to give Pakistan something serious to think about on its eastern front -- that is the only way to actually help Afghanistan right now.'
We know in our heart that speaking the truth on this stupid Iran war will anger Trump and so we look the other way because if we look him in the eye the bully will straighten us out, asserts Aakar Patel.
Newly declassified documents from the United States National Security Archive have revealed that Pakistan's nuclear proliferation was a significant concern for both the US and Russia, with leaders expressing 'nervous' fears about the country's atomic stability.
US Energy Secretary Chris Wright said that long-term oil supplies are 'abundant' and there are no worries regarding that, but in the short term, there is a need to get oil on the market.
From founding fathers to Europe's most unyielding rulers, these figures have not just held office, they have established a cult of leadership and will leave legacies, mostly mixed, that few can rival.
Chinese Foreign Minister Wang Yi has called on India and China to view each other as partners rather than rivals, emphasising the importance of cooperation for regional stability and development.
Sonia Gandhi has criticised the Modi government's silence on the assassination of Iran's Supreme Leader, arguing it raises doubts about India's foreign policy direction and credibility.
A senior government official asserts India's independence in purchasing Russian oil, stating that US sanctions waivers merely remove friction but do not dictate India's energy policy. The official highlights India's commitment to energy security and affordability for its citizens.
Despite international crude oil rates crossing USD 100 per barrel due to Middle East tensions, the Indian government plans to maintain current petrol and diesel prices, ensuring uninterrupted fuel supply across the country.
If the conflict continues for a prolonged period, State-run oil companies may have to review retail fuel prices accordingly.
Sensex and Nifty post steepest weekly loss in over a year, falling nearly 3 per cent.
'In India, there is this first generation migrant, say from a small village in UP. He didn't go to the Gulf to buy a big house but make the life of his family better.' 'He may have paid 1 lakh rupees to an agent to go to the Gulf. Imagine what will happen to him and his family if he has to come back. He and his family will become poor again.' 'He went to the Gulf to come out of poverty, but this war will make his family trapped in poverty once again.'
'India should understand that we are not going to make the same mistakes with India that we made with China 20 years ago.'
India possesses approximately 100 million barrels of commercial crude oil stocks, capable of covering 40-45 days of its requirements if flows through the Strait of Hormuz are disrupted, according to Kpler.
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.
Donald Trump is claiming he prevented a war between India and Pakistan, a statement that has been repeatedly made by the former US President despite denials from India.
Trump has repeatedly asserted that Greenland is important to safeguard the US from Russia and China's presence in the Arctic Ocean, and has demanded that the Kingdom of Denmark sell the self-governed territory.
India is evaluating its involvement in the Chabahar port project in Iran due to potential US tariffs. The US had granted India a waiver for the project, but it expires soon. India is exploring options to continue supporting the port's development while minimizing exposure to US sanctions.
Silver prices rallied sharply by Rs 15,000 to hit a lifetime high of Rs 265,000 per kg in the national capital on Monday, and gold advanced to a fresh record of Rs 144,600 per 10 grams, mirroring strong gains in the global markets.
Indian refiners are likely to import 2-2.2 million barrels per day of Russian crude oil in June - the highest in the last two years and more than the total volumes bought from Iraq, Saudi Arabia, the UAE and Kuwait, preliminary data by global trade analytics firm Kpler showed.
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.
'For the first time in a hundred years, the army has been taken out of the political equation. And for the first time ever, there is only one man who calls the shots. Not even Mao had this kind of power.'
Where are the most oil reserves in the world? Who owns them? Find out!
United States President Donald Trump has brushed aside French President Emmanuel Macron's call for an emergency G7 meeting amid escalating tensions over Washington, DC's push to acquire Greenland, while Europe has warned of retaliatory trade action against US tariff threats.
India joined Russia, China, and other nations in opposing the deployment of foreign military infrastructure in Afghanistan during 'Moscow Format' talks. The discussions focused on bringing prosperity and development to Afghanistan, with participants emphasizing the need to eliminate terrorism and integrate Afghanistan into regional connectivity.
Gold extended its record-breaking run to breach the Rs 1.5 lakh per 10-gram mark in futures trade on Tuesday, while silver surged to a lifetime high of Rs 3.27 lakh per kg as investors rushed to safe-haven assets amid mounting global tensions. On the Multi Commodity Exchange (MCX), gold futures for February delivery climbed Rs 6,861, or 4.7 per cent, to record Rs 1,52,500 per 10 grams after settling at Rs 1,45,639 per 10 grams in the previous session.
Red Square and VDNKh easily rank among the most striking places I've visited -- both for their historical significance and architectural splendour.
My admiration for Russian culture, vision and ambition grew with every step as I clocked the miles, Nitin Sathe tells us after a visit to Moscow and St Petersburg.
Former President Donald Trump claims the United States has become the 'real United Nations' due to its role in resolving global conflicts, criticizing the UN's lack of involvement. He cites brokering a ceasefire between Thailand and Cambodia as an example.
Will Russia's entry deter Trump on his warpath?, asks Ambassador M K Bhadrakumar.
Trump said the prime minister of Pakistan, who visited him in Washington last year, said that "'President Trump saved 10 million people, and maybe much more than that'. They're both nuclear countries."
I am inclined to believe that the Venezuela adventure is not an indication of American strength, alas, but rather of American weakness, points out Rajeev Srinivasan.
China has made serious inroads into Latin America, which the US may now be hinting is simply not ok: Stay in your lane, Xi! In simple terms, China will no longer have access to Venezuelan oil, points out Rajeev Srinivasan.
On Monday, June 23, 2025, Russian President Vladimir Putin hosted Iran's Foreign Minister Abbas Araqchi in Moscow.
The US government, under President Trump, justifies the intervention as a security necessity rather than a resource grab. The primary official reasons include: narco-terrorism charges, national security and migration crisis.
Israel's aerial assault on Iran is widely viewed as an act of naked aggression with no basis in international law, carried out unilaterally despite US opposition and aimed at derailing ongoing US-Iran nuclear negotiations, observes Ambassador M K Bhadrakumar.
India and Russia have solidified a five-year plan to enhance their economic and trade partnership, while also addressing the ongoing conflict in Ukraine and the threat of terrorism.
China and Russia on Sunday strongly condemned the United States air strikes on Iranian nuclear facilities, with China calling it a serious violation of the United Nations Charter that heightens tensions in West Asia, and Russia terming the strikes 'irresponsible' and asserting that they grossly violate international law, the UN Charter, and UN Security Council resolutions.
Luckily for us, a Russia that is desperate to stay relevant in an emerging multipolar world finds in India a reliable geostrategic partner. The Russian proximity to India also keeps China from exploiting its economic dominance vis a vis Russia, points out Colonel Anil A Athale (retd).
The bill now heads to the White House for President Donald Trump's approval.
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