The oil industry experienced three upheavals between 1973 and 1991, which seem to be etched in the memory of the industry's decision makers. Naturally, at the sign of a new crisis, the decision makers like to dip into those tumultuous decades to find ways to deal with the new shock, in addition, of course, to expert reports and forecasts. So, the industry bigwigs turned the pages of history to get a peek into the future of oil price movements after Russia invaded Ukraine in 2022, Israel attacked Gaza in 2023, Iran-linked Houthi rebels pounded tankers crossing the Red Sea in support of Palestine the same year, and Iran rained missiles on Israel in 2024.
However, as of now, container availability has not been seen as an issue as adequate empties are available. The Red Sea strait is vital for 30 per cent of global container traffic and 12 per cent of global trade.
"The situation has become irretrievable", Azad, 73, said in his parting shot to Sonia Gandhi, whose trusted confidante he remained right from the time of Sitaram Kesri's unceremonious exit as the party's chief in 2000.
A bench headed by Chief Justice Ranjan Gogoi further said Karnataka assembly speaker K R Ramesh Kumar was free to decide on the resignations of the rebel legislators within the time-frame decided by him.
The opposition's Maha Vikas Aghadi (MVA) coalition in Maharashtra on Tuesday announced its seat-sharing arrangement for the upcoming Lok Sabha elections with the Shiv Sena-Uddhav Balasaheb Thackeray securing a substantial portion with 21 seats, while the Congress will contest 17 seats, and the Nationalist Congress Party-Sharadchandra Pawar 10 seats.
A bench comprising Chief Justice D Y Chandrachud and justices JB Pardiwala and Manoj Misra took note of the submissions of Solicitor General Tushar Mehta, appearing for the office of the speaker, that some more time will be needed to pass orders on the disqualification pleas.
The Election Commission on Friday met the warring factions of the NCP led by Sharad Pawar and Ajit Pawar over their claims to the party name and poll symbol.
Singh said he was extremely grateful to Shah for the peace agreement and stressed that the home minister's leadership and efforts have played a pivotal role in fostering reconciliation and paving the way for a more peaceful and united future in the Northeast.
As per an NCP statement, Patel assured Odio he would support him in his efforts to strengthen the 24-year-old party.
As the campaign for the Lok Sabha elections gathers momentum, Sharad Pawar and Uddhav Thackeray, the leaders of two prominent regional parties in Maharashtra, are fighting a battle for political survival.
Any government support or incentive to help exporters deal with high freight and insurance costs is unlikely.
The Shinde-led Shiv Sena has maintained he will continue to be CM despite the NCP joining the state government, which also includes the Bharatiya Janata Party.
'It's the same problem with all six of us. Behenji (Mayawati) is not to be blamed, but the coordinators have acted in a manner which has depressed us and we thought what is the use of remaining with such a party'
An Indian-flagged crude oil tanker is among two vessels that came under drone attacks by Yemen's Houthi rebels in the Southern Red Sea, the United States Central Command has said.
Another MLA Rekha Arya, who was also supposed to join the BJP on Wednesday, is visiting the Simhasth Kumbh in Ujjain, but has sent her acceptance to the party.
Lok Sabha polls in Maharashtra will be held in five phases on April 19, April 26, May 7, May 13 and May 20. Counting of votes will be held on June 4.
Libyan forces loyal to Muammar Gaddafi struck hard at rebels advancing towards Tripoli and pounded the oil port eastern city of Ras Lanuf, as the US mulled land and air options amid growing pressure to arm the out-gunned opposition.
The Pakistan Army chief arrived in Washington last week on his first official visit to the US.
The ruling Bharatiya Janata Party-Shiv Sena-Nationalist Congress Party alliance and the opposition Maha Vikas Aghadi are facing multiple problems in Lok Sabha seats like Sangli, Madha and Satara in western Maharashtra due to political dynasties, old rivalries and one-upmanship, prompting a flurry of meetings before five phase polls begin in the state on April 19.
Uttarakhand Speaker has issued notices to nine rebel Congress MLAs asking them why they should not be disqualified from the House for aligning with the opposition BJP.
A total of 16 turncoats were in the poll fray -- nine fielded by the Aam Aadmi Party, three by the Congress and four by the BJP.
Libya's Prime Minister Ali Zeidan was kidnapped at dawn on Thursday by armed rebels and taken to an unknown location, the government said.
Amazon Prime Video has announced a huge number of assorted Web series and movies, and the slate sure looks interesting.
A step away from nuclear weapons being used in conflicts, warns Colonel Anil A Athale (retd).
It said the apex court order "whittles down" the power of a political party to issue whip to its MLAs as it has a constitutional right to do so and the court can't restrict that.
According to the police, these villages have never seen unfurling or hoisting of the national flag since 1947, but that will change when its residents will join the rest of the country in celebrating Republic Day, which commemorates the day when the Constitution came into effect in 1950.
An Indian pilot was taken hostage by Congo rebels on Saturday when his aircraft was attacked at an airstrip in a mining zone in North Kivu province, according to media reports.Congolese authorities blamed Rwandan Hutu rebels for the attack. The aircraft belonged to Goma Express, which confirmed the attack. The identity of the Indian pilot could not be ascertained.Authorities said the rebels looted the money on board the aircraft and abducted the co-pilot.
Ae Watan Mere Watan tries to get a grasp on the mind of youngsters, shaped by the words of inspiring leaders, committed to the cause of independent India. It's significant because their support isn't based on 'andh bhakti', but leadership that encourages questions, observes Sukanya Verma.
The Congress also said they would mention the matter before the Supreme Court on Monday.
The Supreme Court Friday granted bail to rebel Yuvajana Shramika Rythu Congress MP K Raghu Ramakrishna Raju, who was arrested in a sedition case lodged by Andhra Pradesh Police against him.
Athiya Shetty and Rana Daggubati hit fans with a double whammy at Fashion Week while K L Rahul plays for India at the cricket World Cup.
The Sharad Pawar-led Nationalist Congress Party on Friday suspended 23 rebels, including a former state minister and former Member of Parliament, who have entered the fray for the October 13 Maharashtra assembly elections.
The move could virtually put an end to the Free Movement Regime prevalent along the porous border.
Sarma said his government will take further steps based on the suggestions of the home minister.
Egyptian media reports said six people were injured when the missile hit a medical facility in Taba, a resort town adjacent to the Israeli city of Eilat.
Singh said nobody anticipated that Scindia would quit the party.
The Maharashtra unit of the Congress on Thursday suspended 16 rebels, including a minister and a Member of Legislative Assembly, for six years from the party, for contesting against official candidates in the assembly elections.State Finance Minister Sunil Deshmukh, who is contesting against Rajendra Shekhawat, son of President Pratibha Patil from Amravati, and sitting MLA Rajiv Rajale, who is in fray as a rebel from Shegaon in Ahmednagart district, were among the 16 rebels.
Pawar, who described himself as the national president of the NCP, said employment, economic empowerment of all sections of the society, education, health, implementation of all welfare measures are the priority of the government.
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