News for 'oil supply'

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

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

Rediff.com5 hours 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.

We will determine end of war: Iran responds to Trump

We will determine end of war: Iran responds to Trump

Rediff.com3 days ago

Iran has issued a defiant response to United States President Donald Trump's claims regarding the conclusion of hostilities, asserting that it alone will 'determine' the end of military actions against American and Israel targets.

Iran War Exposes Washington's Strategic Chaos

Iran War Exposes Washington's Strategic Chaos

Rediff.com1 days ago

What we are watching is something different: A fog manufactured and maintained by the people who started the war, so that the question of why it was started never has to be answered, observes Prem Panicker in his must read blog on the war in the Middle East.

This War May End US Military Presence In Middle East

This War May End US Military Presence In Middle East

Rediff.com4 days ago

'The entire US ecosystem built over decades at the bases in the Gulf region, especially the UAE, costing trillions of dollars have been decimated, dealing a mortal blow to the US Central Command's war capability,' points out Ambassador M K Bhadrakumar.

Expired Food, Cosmetics Racket Busted in Delhi; One Arrested

Expired Food, Cosmetics Racket Busted in Delhi; One Arrested

Rediff.com28 Feb 2026

Delhi Police busted a racket involving the tampering and sale of expired food and cosmetic products, arresting one man allegedly involved in altering expiry dates and reselling the goods as fresh stock.

MEA voices concern over situation in West Asia, silent on Khamenei killing

MEA voices concern over situation in West Asia, silent on Khamenei killing

Rediff.com3 Mar 2026

Amidst escalating tensions in West Asia, India voices strong concerns over the safety of its nationals and the potential disruption to energy supplies, urging dialogue and diplomacy for a swift resolution.

Reliance stops use of Russian oil at its only-for-export refinery

Reliance stops use of Russian oil at its only-for-export refinery

Rediff.com21 Nov 2025

Reliance Industries Ltd on Thursday said it has halted the use of Russian crude at its export-only refinery in Jamnagar, Gujarat, as the company moves to comply with European Union sanctions. Reliance is India's largest buyer of Russian oil, which it processes and turns into fuel, such as petrol and diesel, at its giant oil refining complex at Jamnagar.

Reliance to comply with US sanctions on Russian oil

Reliance to comply with US sanctions on Russian oil

Rediff.com24 Oct 2025

Reliance Industries Ltd, India's largest buyer of Russian oil and most impacted by the latest US sanctions, on Friday said it will comply with all applicable restrictions and will adjust its refinery operations to meet compliance requirements.

Has US Repeated Its Iraq Mistake?

Has US Repeated Its Iraq Mistake?

Rediff.com2 days ago

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.

Iran hits American embassy in Riyadh, US pulls staff

Iran hits American embassy in Riyadh, US pulls staff

Rediff.com3 Mar 2026

The US Embassy acknowledged the attack in a post on X, urging Americans to avoid the facility 'until further notice' and announcing that all appointments had been cancelled.

Indian envoy sought relief from tariffs: US Senator

Indian envoy sought relief from tariffs: US Senator

Rediff.com5 Jan 2026

United States Senator Lindsey Graham on Sunday claimed that Indian Ambassador to the US Vinay Mohan Kwatra spoke to him last month about India buying less Russian oil and asked him to tell President Donald Trump to relieve the 25 per cent tariff.

Iran's new Supreme Leader injured in airstrikes?

Iran's new Supreme Leader injured in airstrikes?

Rediff.com2 days ago

Yousef Pezeshkian, the son of the Iranian President, has confirmed that Iran's Supreme Leader Mojtaba Khamenei is 'safe and sound'. This comes after certain reports claimed that he had been injured during the ongoing strikes by the United States and Israel, according to Al Jazeera.

Middle East Crisis: The New Fog of War

Middle East Crisis: The New Fog of War

Rediff.com18 hours ago

When everyone has footage and no one can verify it, the loudest voice wins, notes Prem Panicker who begins a daily blog on the War in the Middle East.

'Just reading statement without...': Oppn demands debate on Iran war

'Just reading statement without...': Oppn demands debate on Iran war

Rediff.com4 days ago

Opposition parties are demanding a full Parliament discussion on the West Asia conflict, criticising the government's silence and calling for a contingency plan to protect India's energy security and citizens.

'We are friends': Iran envoy assures Hormuz passage for Indian ships

'We are friends': Iran envoy assures Hormuz passage for Indian ships

Rediff.com2 hours ago

Fathali further stated that Tehran has instructed its embassy in India to facilitate the Indian government, ensuring smooth operations amid the ongoing regional conflict.

Govt moves to shield trade as Iran war chokes sea routes

Govt moves to shield trade as Iran war chokes sea routes

Rediff.com5 Mar 2026

With the Iran war escalating sharply and crisis deepening in the global energy market, India on Monday unveiled a coordinated plan to support exporters and shippers caught in the fallout.

Bengaluru Police Nab Interstate Drug Peddlers with Rs 11.5 Crore Worth of Narcotics

Bengaluru Police Nab Interstate Drug Peddlers with Rs 11.5 Crore Worth of Narcotics

Rediff.com3 Mar 2026

Bengaluru police have arrested two alleged interstate drug peddlers, including a woman, and seized narcotics worth Rs 11.50 crore. The operation uncovered a network distributing drugs sourced from Thailand, along with other seizures of Ganja and Hashish Oil.

Rice exporters seek urgent relief as Iran crisis disrupts exports, shipping

Rice exporters seek urgent relief as Iran crisis disrupts exports, shipping

Rediff.com5 Mar 2026

Indian rice exporters are seeking urgent government support to mitigate the impact of shipping disruptions caused by the Iran crisis and instability in key maritime routes. The disruptions have led to increased freight rates, insurance premiums, and fuel costs, impacting domestic prices and exporter profitability.

India awaits Bangladesh election outcome before addressing issues

India awaits Bangladesh election outcome before addressing issues

Rediff.com13 Feb 2026

India has stated it will wait for the outcome of the elections in Bangladesh and the resulting mandate before addressing any existing issues. The country also affirmed its support for free, fair, inclusive, and credible elections in Bangladesh.

Attack that killed Indian crew member was deliberate: Safesea chief

Attack that killed Indian crew member was deliberate: Safesea chief

Rediff.com15 hours ago

The chairman of maritime company Safesea Group has described the attack on the US-owned crude oil tanker Safesea Vishnu, which resulted in the death of an Indian crew member, as "deliberate and calculated". He emphasised the need for governments to ensure the safety of commercial shipping lanes and seafarers.

Grip and choke: Rahul Gandhi on why he used Jiu-Jitsu terms to attack Modi

Grip and choke: Rahul Gandhi on why he used Jiu-Jitsu terms to attack Modi

Rediff.com20 Feb 2026

'In my experience of politics, I have seen political grips and political chokes are mostly hidden. The average person cannot see them,' Rahul Gandhi said.

Extended Iran conflict may hit order inflows of L&T

Extended Iran conflict may hit order inflows of L&T

Rediff.com3 days ago

While investors would focus on the results and guidance for the third quarter of financial year 2025-26 (Q3FY26) in the normal course of business, the US-Israeli attack on Iran and the latter's retaliation at Gulf allies of the US has forced them to weigh the consequences of the event.

Modi Inaugurates Micron Semiconductor Plant in Sanand

Modi Inaugurates Micron Semiconductor Plant in Sanand

Rediff.com28 Feb 2026

Prime Minister Narendra Modi inaugurated Micron Technology's semiconductor plant in Sanand, Gujarat, highlighting India's growing presence in the hardware sector and its strong partnership with the United States in AI and chip technologies.

Venezuela Turmoil Unlikely To Rattle India's Trade

Venezuela Turmoil Unlikely To Rattle India's Trade

Rediff.com12 Jan 2026

'The immediate impact for India will be very minimal as the share of Venezuela in our total overseas production is very low.'

RBI takes measured steps on liquidity amid tax outflows

RBI takes measured steps on liquidity amid tax outflows

Rediff.com4 days ago

To meet liquidity pressure because of advance tax outflows this month, the Reserve Bank of India (RBI) has adopted a measured approach with its latest announcement of open-market operations (OMOs), worth Rs 1 trillion.

ONGC, Reliance sign pact for sharing offshore resources

ONGC, Reliance sign pact for sharing offshore resources

Rediff.com28 Jan 2026

In a strategic move to boost offshore energy exploration and operational efficiency, Oil and Natural Gas Corporation Ltd (ONGC) and Reliance Industries Ltd have signed an agreement to share resources such as supply vessels used in finding and producing oil and gas.

US Sanctions May Not Stop Russian Oil Flow To India

US Sanctions May Not Stop Russian Oil Flow To India

Rediff.com4 Nov 2025

Sanctioning Russian oil would have led to a sharp surge in oil prices to above $80 per barrel levels, which would impact pump prices in the US ahead of midterm elections next year.

Will Trump Pull The Plug On Russian Oil Sanctions?

Will Trump Pull The Plug On Russian Oil Sanctions?

Rediff.com27 Oct 2025

Whether Trump will actually press ahead with the oil sanctions remains unclear, since keeping Russian oil out of the world market risks high oil prices which could boomerang on the US economy and be damaging politically for Trump, points out Ambassador M K Bhadrakumar.

FMCG growth slows in Q3 as GST transition impacts pricing

FMCG growth slows in Q3 as GST transition impacts pricing

Rediff.com7 days ago

A NielsenIQ report indicates that the FMCG industry's sales growth moderated to 7.8% in the December quarter of 2025, with volume growth also dipping due to GST rationalisation and a high base from the previous year's festival season.

Sensex rebounds, climbs 316 pts; banks, metal stocks shine

Sensex rebounds, climbs 316 pts; banks, metal stocks shine

Rediff.com20 Feb 2026

Stock markets rebounded on Friday with the benchmark Sensex closing higher by 316 points after heavy buying in banking and metal shares amid optimism over trade deal progresses and India's participation in Pax Silica.

Blow to Trump as US Supreme Court strikes down his sweeping tariffs

Blow to Trump as US Supreme Court strikes down his sweeping tariffs

Rediff.com20 Feb 2026

The verdict marks a notable shift from a series of recent wins for Trump at the Supreme Court.

Why Regime Change Hasn't Happened In Iran

Why Regime Change Hasn't Happened In Iran

Rediff.com3 days ago

'Without ground troops the US will not be able to oust the Iranian Islamic regime. Political change does not happen just by using bombs or planes.'

Gold, Silver Prices Poised for Rally Amid Geopolitical Uncertainty

Gold, Silver Prices Poised for Rally Amid Geopolitical Uncertainty

Rediff.com1 Mar 2026

Analysts predict a surge in gold and silver prices as investors seek safe-haven assets due to escalating tensions in the Middle East. The impact on domestic prices will depend on the conflict's duration, with geopolitical factors and macroeconomic data also playing a role.

Tirupati Laddu Reignites Political Battle In Andhra Pradesh

Tirupati Laddu Reignites Political Battle In Andhra Pradesh

Rediff.com21 Feb 2026

With TDP and YSRCP trying to score political points, the sacred laddu may well create a storm in days to come.

Supreme Court's ruling on tariffs is deeply disappointing: Trump

Supreme Court's ruling on tariffs is deeply disappointing: Trump

Rediff.com21 Feb 2026

The ruling is expected to have wide-ranging consequences for global trade, businesses, consumers, inflation trends and household finances across the country.

World faces oil supply crisis: Iran

World faces oil supply crisis: Iran

Rediff.com9 Dec 2010

The world would face a looming oil supply crisis because of drop in the production, Iran's OPEC governor has warned, adding that crude is still undervalued and set to hit $100 in the short term.

'Taliban Has Been Giving Pakistan Army Hell'

'Taliban Has Been Giving Pakistan Army Hell'

Rediff.com2 Mar 2026

'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.'

Why US attacked Venezuela and captured Maduro

Why US attacked Venezuela and captured Maduro

Rediff.com4 Jan 2026

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.

North East Insurgents Go High-Tech, Boost Arsenal

North East Insurgents Go High-Tech, Boost Arsenal

Rediff.com23 Feb 2026

The same technologies that enable State forces to monitor and strike insurgent camps are now being mirrored by non-State actors with increasing sophistication.

Why Venezuela Did Not Celebrate Maduro's Fall

Why Venezuela Did Not Celebrate Maduro's Fall

Rediff.com14 Jan 2026

Years of repression and disappearances have taught Venezuelans, the hard way, not to voice either their anger or their joy, observes Radha Roy Biswas who spent her formative years in Venezuela.