The US envoy Sergio Gor has praised India as a “great partner” for its role in maintaining stable global oil prices, acknowledging New Delhi’s ongoing purchases of Russian oil. This temporary waiver, aimed at easing pressure on energy supplies amid Middle East tensions, reflects India’s past cooperation with Western sanctions on Russia.
Indian Railways is urging food vendors to switch to electric cooking methods like microwaves and induction, as liquefied natural gas (LNG) and LPG shortages, stemming from West Asia conflict, disrupt meal preparation. This impacts base kitchens supplying trains, prompting consideration of temporary suspension of cooked meal services and refunds for pre-booked meals.
India has secured approximately 30 million barrels of Russian crude following a US waiver, with refiners like Indian Oil and Reliance Industries swiftly acquiring stranded cargoes. This move comes as Middle East disruptions impact traditional oil flows, pushing India to seek alternative supplies. The US clarified the waiver is temporary, aimed at stabilizing global energy
Iran war oil shock: India buys 30 million barrels of Russian crude after US waiver Read More »
Gold futures experienced a dip on Tuesday, with April 2026 and June contracts trading lower on the MCX. Meanwhile, retail bullion rates in major Indian cities like Delhi, Mumbai, and Chennai saw a slight increase. Market participants are observing a cautious sentiment amidst mild profit-taking at current elevated levels.
Iran’s vital Kharg Island oil hub remains operational amidst the ongoing US-Israel war. Despite its strategic importance and potential as a military target, oil shipments continue. Seizing the island could halt Iran’s exports and trigger regional retaliation. Global energy markets and shipping through the Strait of Hormuz are already impacted
Why Kharg Island remains a red line in the US–Israel war on Iran Read More »
India began supplying 5,000 tons of diesel to Bangladesh via pipeline on Tuesday, part of an annual agreement for 180,000 tons. This delivery aims to alleviate fuel shortages and combat illegal hoarding, as the Bangladesh government intensifies efforts to monitor stock levels and enforce supply limits.
