Strait Of Hormuz Tensions Push Oil Prices Higher; Raise Global Supply Chain Concerns
Rising Iran tensions around the Strait of Hormuz drive oil prices up and threaten global supply chains, fuelling economic uncertainty worldwide.
Reliance Industries Denies Report On Buying Iranian Crude Oil
Reliance Industries denies reports of purchasing Iranian crude, reaffirming compliance with US sanctions and global energy trade regulations.
G7 Condemns Iran’s Reckless Attacks On Gulf Nations; Warns Of Global Threat
G7 nations denounce Iran’s attacks, warn of global risks, back affected countries, and stress secure shipping routes and energy stability.
US Grants Temporary Waiver For Russian Oil Cargoes Stranded At Sea
The United States grants a temporary waiver allowing the sale of seaborne Russian crude already at sea, unlocking nearly 20 million barrels as global oil prices rise.
Putin Says Dialogue Must Continue As Trump Postpones US–Russia Summit In Budapest
Russian President Vladimir Putin has spoken out on the cancellation of his upcoming meeting with US President Donald Trump.
