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Global crude oil prices exploded over 20-26% on Monday, with Brent hitting $114.30/barrel and WTI $114.61/barrel – the sharpest single-day jump in years – driven by intensifying US-Israel-Iran conflict, fresh strikes on Lebanon and Iranian energy sites, and near-shutdown of the Strait of Hormuz disrupting one-fifth of world oil trade. உலக கச்சா எண்ணெய் விலை திங்களன்று 20-26% உயர்ந்து பிரெண்ட் $114
Domestic LPG prices surged ₹60 per 14.2 kg non-subsidised cylinder effective March 7, reaching ₹913 in Delhi, due to soaring global crude oil prices crossing $93/barrel – the highest in over two years – triggered by Iran conflict, Qatar LNG production halt, and Hormuz Strait risks disrupting 20% of world oil supply. With India importing 88% of crude and heavily reliant on the chokepoint, experts
ரஷ்யா- ஈரான்: Russia has offered to ramp up crude oil exports to India and China as a buffer against Iran’s claimed full control of the Strait of Hormuz, the vital chokepoint for 20% of global oil shipments, amid escalating US-Israel-Iran tensions. Deputy PM Alexander Novak’s announcement follows Russia retaining its top spot as India’s largest supplier in February (over 1 mbd), while Saudi Arabia
மோடி – பெட்ரோல் – எல்பிஜி- International crude oil prices have skyrocketed 22% in the last week due to US-Israeli strikes on Iran and Tehran’s counter-attacks, severely impacting India – the world’s third-largest oil importer that relies on imports for 88% of its needs. With state elections nearing in West Bengal, Tamil Nadu, Assam and others, the Modi government is under pressure to keep retail
Government sources confirm India holds 25 days of crude oil and refined fuel stocks, with active scouting for alternative imports of crude, LPG, and LNG due to Strait of Hormuz disruptions. No immediate petrol or diesel price increases are planned, despite rising global oil prices from Middle East conflicts.
Iran’s Revolutionary Guards conducted the “Smart Control of Hormuz Strait” military drill, temporarily closing parts of this vital oil chokepoint—through which 20% of global oil passes—for live-fire exercises and missile tests.
Russia has pushed back against US President Donald Trump’s claim that India agreed to stop buying Russian oil. The Kremlin clarified that India has always diversified its crude imports and remains free to purchase oil from any supplier. With no official confirmation from New Delhi, experts say Indian refiners cannot fully replace Russian crude, highlighting India’s strategic focus on energy securi
Oil marketing companies have hiked the price of 19 kg commercial LPG cylinders by Rs 50 effective February 1, 2026, impacting hotels, restaurants, and eateries, while domestic LPG prices remain unchanged
China has sharply increased imports of discounted Russian Urals crude, reaching the highest levels since 2023, after India reduced purchases due to Western sanctions and EU trade risks. With Reliance halting Russian oil intake and Venezuelan supplies shrinking under US pressure, China stepped in to absorb surplus crude. This shift has reshaped global oil flows, strengthening Russia-China energy ti
Global crude oil prices dropped sharply after US President Donald Trump eased fears of imminent military action against Iran. His remarks suggesting reduced violence and possible stability in Iran reassured markets, triggering heavy selling in oil futures. அமெரிக்க அதிபர் டிரம்ப் ஈரான் குறித்து தனது நிலைப்பாட்டை தளர்த்தியதை தொடர்ந்து, கச்சா எண்ணெய் விலையில் கடும் சரிவு ஏற்பட்டுள்ளது.
