News for 'iranian oil'

US allows India, China, 6 others to buy Iranian oil

US allows India, China, 6 others to buy Iranian oil

Rediff.com5 Nov 2018

Italy, Greece, South Korea, Taiwan and Turkey also figure in the list released by Pompeo, who said over 20 countries have cut their oil imports from Iran, reducing purchases by more than one million barrels per day.

Downed US pilot hid in mountain crevice, hiked 7,000 feet to evade Iranians for 48 hours

Downed US pilot hid in mountain crevice, hiked 7,000 feet to evade Iranians for 48 hours

Rediff.com5 Apr 2026

A US Air Force officer was rescued from deep inside Iran after his jet was shot down, following a two-day mission involving US Special Operations forces. The officer evaded Iranian forces for over 24 hours, hiding in a mountain crevice and hiking to high altitudes before being rescued.

US navy hits sanctioned tanker off Oman, all 24 Indians safe

US navy hits sanctioned tanker off Oman, all 24 Indians safe

Rediff.com9 Jun 2026

An oil tanker carrying 24 Indian seafarers reported a fire off the coast of Oman, with all crew members confirmed safe. The incident occurred amidst renewed hostilities between Israel and Iran, who exchanged attacks on petrochemical facilities.

Oil Prices Tumble as US Pauses Military Action Against Iran

Oil Prices Tumble as US Pauses Military Action Against Iran

Rediff.com23 Mar 2026

Crude oil prices experienced a sharp decline after US President Donald Trump announced a temporary halt to military strikes on Iran's energy infrastructure, easing geopolitical tensions and supply disruption fears.

'First after WWII': US submarine sinks Iranian ship off Sri Lanka

'First after WWII': US submarine sinks Iranian ship off Sri Lanka

Rediff.com4 Mar 2026

At least 101 people are missing and 78 are injured after a suspected submarine attack on an Iranian naval ship off Sri Lanka's southern coast on Wednesday, Reuters quoted sources in Sri Lanka's Navy and defence ministry as saying.

Sri Lanka recovers bodies of 80 Iranian sailors killed in US strike

Sri Lanka recovers bodies of 80 Iranian sailors killed in US strike

Rediff.com4 Mar 2026

The Sri Lanka Navy rescued 32 Iranian sailors from a sinking naval ship off the southern coast, while also recovering several bodies. The incident occurred outside Sri Lankan waters but within its search and rescue zone.

Cut down Iranian oil purchases: Hillary to India

Cut down Iranian oil purchases: Hillary to India

Rediff.com7 May 2012

US Secretary of State Hillary Clinton on Monday urged India to do "even more" to cut its purchases of oil from sanctions-hit Iran to keep pressure on that country to o prove its nuclear programme is peaceful.

Iran sets conditions for 60-day peace talks with US

Iran sets conditions for 60-day peace talks with US

Rediff.com15 Jun 2026

Iran's Deputy Foreign Minister Kazem Gharibabadi confirmed a peace deal with the United States, stating that Tehran will enter a 60-day negotiation period only after verifying Washington's commitments to ending hostilities, lifting the blockade, and releasing Iranian assets.

'Keep Hormuz open': Xi Jinping steps in as Iran asserts control

'Keep Hormuz open': Xi Jinping steps in as Iran asserts control

Rediff.com20 Apr 2026

Chinese President Xi Jinping has called for the Strait of Hormuz to remain open for normal passage of ships, describing it as an 'international waterway' amid rising tensions between the US and Iran.

India summons US envoy, protests strike on ship with 24 Indians; 3 missing

India summons US envoy, protests strike on ship with 24 Indians; 3 missing

Rediff.com10 Jun 2026

India has strongly protested a US military strike on the commercial vessel Settebello off the Oman coast, which left three of the 24 Indian crew members missing. The US Central Command stated it disabled the Palau-flagged vessel for violating a blockade of Iranian ports.

Rupee falls 34 paise as US-Iran uncertainty fuels crude oil surge

Rupee falls 34 paise as US-Iran uncertainty fuels crude oil surge

Rediff.com22 Apr 2026

The Indian rupee depreciated by 34 paise to close at 93.78 against the US dollar, marking its third consecutive session of decline. This fall is attributed to escalating crude oil prices driven by uncertainty surrounding US-Iran peace talks and fresh attacks in the Strait of Hormuz, alongside significant foreign institutional investor outflows from domestic equity markets.

Iran gives fresh proposal as Trump 'still not satisfied'

Iran gives fresh proposal as Trump 'still not satisfied'

Rediff.com3 May 2026

Iran has presented a multi-layered proposal to the US in an attempt to break the deadlock in peace talks, focusing on de-escalation and nuclear programme discussions.

As US helicopter crashes near Hormuz, Trump predicts 'total victory' over Iran

As US helicopter crashes near Hormuz, Trump predicts 'total victory' over Iran

Rediff.com9 Jun 2026

A US military Apache attack helicopter crashed near the Strait of Hormuz, with its crew successfully rescued, as US President Donald Trump confidently declared an imminent 'total victory' over Iran within two weeks and a new nuclear deal, despite ongoing regional volatility and a recent de-escalation between Iran and Israel.

8 killed in Iranian missile attack on Israel; UAE port targeted

8 killed in Iranian missile attack on Israel; UAE port targeted

Rediff.com1 Mar 2026

Expanding the scope of hostilities, Zayed Port in Abu Dhabi, United Arab Emirates, was also targeted by missile strikes launched by Iran, according to a report by the Iranian state broadcaster, Press TV.

Not seeking tolls on vessels passing through Hormuz: Iran

Not seeking tolls on vessels passing through Hormuz: Iran

Rediff.com25 May 2026

Iranian Foreign Ministry spokesperson Esmail Baghaei stated that Iran is instead working with Oman to establish a mechanism for the safe passage of ships through the Strait.

Buy from US or 'get your own oil' from Hormuz, Trump tells allies

Buy from US or 'get your own oil' from Hormuz, Trump tells allies

Rediff.com31 Mar 2026

Trump's remarks marks one of the most direct rebukes yet from Washington to its allies over their refusal to support US-led military operations in Iran and over the energy crisis triggered by disruptions in the Persian Gulf.

Iran War: 'US Doesn't Depend On Strait of Hormuz For Oil'

Iran War: 'US Doesn't Depend On Strait of Hormuz For Oil'

Rediff.com13 Apr 2026

'Neither do the Israelis. The two attacking parties have very little economic interest in Hormuz.'

Will India Face Oil Shock from Iran Crisis?

Will India Face Oil Shock from Iran Crisis?

Rediff.com2 Mar 2026

Will rising tensions between US-Israel and Iran threaten crude oil supply through the Strait of Hormuz, putting India's fuel prices, imports, and economic stability at risk?

Days after Trump trip, Putin to land in China on Tuesday for two-day visit

Days after Trump trip, Putin to land in China on Tuesday for two-day visit

Rediff.com18 May 2026

Russian President Vladimir Putin is set to visit China for talks with Chinese leader Xi Jinping, shortly after US President Donald Trump's visit to Beijing. The visit underscores the close strategic ties between China and Russia amid global tensions.

Oil tanker with 15 Indian crew members attacked near Oman; 4 hurt

Oil tanker with 15 Indian crew members attacked near Oman; 4 hurt

Rediff.com1 Mar 2026

A Palau-flagged oil tanker with 15 Indian crew members was attacked off the coast of Oman, resulting in injuries. The incident occurred amidst rising tensions in the Middle East following attacks between Iran, the US, and Israel.

35 vessels transited via Hormuz in 24 hrs with our 'permission': IRGC Navy

35 vessels transited via Hormuz in 24 hrs with our 'permission': IRGC Navy

Rediff.com22 May 2026

As many as 35 vessels, including cargo carriers and oil tankers, successfully navigated through the strategic maritime chokepoint of the Strait of Hormuz over the last 24 hours, according to Iran's state media reports citing a formal declaration by the Islamic Revolutionary Guard Corps (IRGC) Navy.

Oil Price Tumbles as US-Iran Ceasefire Eases Geopolitical Tensions

Oil Price Tumbles as US-Iran Ceasefire Eases Geopolitical Tensions

Rediff.com8 Apr 2026

Crude oil prices experienced a significant drop following the announcement of a US-Iran ceasefire and the reopening of the Strait of Hormuz, leading to heavy selling by traders.

US-Iran peace deal: Tehran gives up nuke bid, wins sanctions relief

US-Iran peace deal: Tehran gives up nuke bid, wins sanctions relief

Rediff.com18 Jun 2026

The United States and Iran have reached an agreement in principle to immediately and permanently halt all military operations, lift sanctions, and work towards a comprehensive final agreement within 60 days, including a significant reconstruction package for Iran.

Trump rejects Iran's peace plan as 'totally unacceptable'

Trump rejects Iran's peace plan as 'totally unacceptable'

Rediff.com11 May 2026

US President Donald Trump has rejected Iran's proposal to end the ongoing war, deeming it 'totally unacceptable'. This decision comes amid efforts to negotiate an end to hostilities that began on February 28 and have disrupted global oil supplies.

Trump to meet Xi Jinping on Wednesday to discuss Iran conflict, trade issues

Trump to meet Xi Jinping on Wednesday to discuss Iran conflict, trade issues

Rediff.com12 May 2026

US President Donald Trump is set to visit China for talks with President Xi Jinping on trade, global issues, and the Gulf war. The visit aims to address trade frictions and other key issues, with high expectations for progress.

Iran asserts control on Hormuz transit as US intensifies blockade

Iran asserts control on Hormuz transit as US intensifies blockade

Rediff.com31 May 2026

Tensions escalate between Iran and the US over control of the Strait of Hormuz, a crucial shipping lane for global oil supplies, as both sides discuss extending a fragile ceasefire.

Coordination with us must to pass Hormuz: Iran FM in Delhi

Coordination with us must to pass Hormuz: Iran FM in Delhi

Rediff.com14 May 2026

Iranian Foreign Minister Seyyed Abbas Araghchi stated that the Strait of Hormuz remains open to all commercial vessels, requiring ships to coordinate with Iranian naval forces due to regional tensions and a US blockade.

War with Iran ended, declares Trump; Tehran says 'nothing' finalised

War with Iran ended, declares Trump; Tehran says 'nothing' finalised

Rediff.com12 Jun 2026

US President Donald Trump announced that a peace deal with Iran, which includes a commitment from Iran to abandon nuclear weapons, is nearly complete and expected to be signed in Europe this weekend. This development follows Trump's decision to call off military strikes against Iran hours after threatening to take control of its oil industry.

Trump-Xi Bonhomie: Should India Be Uneasy?

Trump-Xi Bonhomie: Should India Be Uneasy?

Rediff.com20 May 2026

Delhi must now purge the delusional hopes of being a 'counterweight' to China in the US calculus, argues Ambassador M K Bhadrakumar.

Why Trump Enforced A Naval Blockade In Strait Of Hormuz

Why Trump Enforced A Naval Blockade In Strait Of Hormuz

Rediff.com25 Apr 2026

The US blockade on Iranian ports is aimed to curb Iranian energy exports, thereby crippling its economy to force Iran back to the negotiating table, points out Commodore Venugopal Menon (retd).

US, India working at reducing dependence on Iranian oil

US, India working at reducing dependence on Iranian oil

Rediff.com10 Feb 2012

The US is working with countries, including India to reduce their dependence on Iranian oil, a top official has said, noting it understands the energy needs of New Delhi and its long-standing ties with Tehran.

Trump lands in Beijing to rare VIP welcome amid trade and Iran talks

Trump lands in Beijing to rare VIP welcome amid trade and Iran talks

Rediff.com13 May 2026

US President Donald Trump received a red carpet welcome in Beijing for talks with Chinese President Xi Jinping on trade, the Iran war, and other key issues. The visit underscores the importance both nations place on their relationship amid ongoing tensions.

Modi under Cong fire over US statements after killing of Indian seafarers

Modi under Cong fire over US statements after killing of Indian seafarers

Rediff.com14 Jun 2026

The Congress on Sunday lashed out at Prime Minister Narendra Modi over the US' statements after three Indian sailors were killed in American attacks on ships, with party leader Rahul Gandhi saying the "compromised PM" listens "like an obedient servant" and "complies with the orders".

IRGC fired upon 14 Indian ships in Hormuz, one was hit: Sources

IRGC fired upon 14 Indian ships in Hormuz, one was hit: Sources

Rediff.com18 Apr 2026

A convoy of India-bound ships carrying crude oil and gas was stopped by the Iranian Revolutionary Guard Corps (IRGC) in the Strait of Hormuz, leading to several vessels returning to the Persian Gulf.

'Maybe 21-22%': Iran's missile arsenal reduced to a fraction, claims Trump

'Maybe 21-22%': Iran's missile arsenal reduced to a fraction, claims Trump

Rediff.com6 Jun 2026

US President Donald Trump has claimed that Iran's missile capabilities have been severely degraded, saying Tehran now possesses only a fraction of the arsenal it had before recent hostilities.

Draft US-Iran truce deal eyes Hormuz reopening, American troop pullback

Draft US-Iran truce deal eyes Hormuz reopening, American troop pullback

Rediff.com27 May 2026

As tensions in the Middle East approach a critical juncture, reports have surfaced regarding a draft memorandum of understanding between the United States and Iran aimed at de-escalating the ongoing conflict, Iranian state media reported on Wednesday.

India reduced import of Iranian oil in the last 4 years

India reduced import of Iranian oil in the last 4 years

Rediff.com8 May 2012

In the last four years, India has significantly reduced its import of Iranian oil by volume from 16 per cent in 2008 to 10 per cent now, a US Congressional report has said.

Stock markets today: Sensex, Nifty slide as global cues weaken, foreign funds exit

Stock markets today: Sensex, Nifty slide as global cues weaken, foreign funds exit

Rediff.com4 Jun 2026

Indian benchmark indices Sensex and Nifty experienced a decline in early trade, mirroring weak global market trends and persistent outflows from foreign institutional investors (FIIs), exacerbated by ongoing geopolitical uncertainties in West Asia.

Sensex Drops 607 Points, Nifty Falls to 24,013 on IT Sell-off and Geopolitical Uncertainty

Sensex Drops 607 Points, Nifty Falls to 24,013 on IT Sell-off and Geopolitical Uncertainty

Rediff.com19 Jun 2026

Indian benchmark equity indices, Sensex and Nifty, ended lower after a five-day rally, with the Sensex dropping 607 points and the Nifty falling to 24,013.10. The decline was primarily driven by heavy selling in IT firms following Accenture's trimmed revenue guidance and renewed geopolitical uncertainty, specifically the postponement of US-Iran negotiations.

Indian National Killed in Attack on US Oil Tanker Near Basra

Indian National Killed in Attack on US Oil Tanker Near Basra

Rediff.com12 Mar 2026

An Indian crew member was killed after a US-owned oil tanker was attacked near Basra, Iraq. Fifteen other Indian crew members were evacuated.