EXPLAINED: The Hormuz fallout, Pg1
Escalating Iran-US tensions near Strait of Hormuz trigger port congestion, skyrocketing freight costs, severely impacting Indian exporters' margins.
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Escalating Iran-US tensions near Strait of Hormuz trigger port congestion, skyrocketing freight costs, severely impacting Indian exporters' margins.
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Government hikes domestic LPG cylinder price by ₹29, citing oil firm losses and West Asia conflict, pushing Delhi cost to ₹942.
Amid escalating US-Iran tensions, over 57% of energy tankers "go dark" in the Strait of Hormuz, risking collisions and impacting India's vital imports.
OPEC+ hikes oil quotas for fourth time, but US-Iran war and Strait of Hormuz disruption trigger massive supply crisis, cutting 9.58 million bpd.
Chinese President Xi Jinping's Pyongyang visit bolsters Kim Jong Un's defiance, strengthening China-North Korea ties amid nuclear ambitions and Russia alliance.
Israeli airstrikes kill nine in Gaza, escalating tensions as Egypt hosts critical truce talks to salvage fragile US-brokered ceasefire.
US and Iran exchange missile strikes in Gulf after drone downing, escalating regional conflict and threatening global oil traffic via Strait of Hormuz.
India's Russian oil imports surge to 38% share in April, but a 425% premium hike inflates import bill to $15.4 billion amidst West Asia crisis.
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