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US blockade of Iran has raised global concerns, with experts warning that any move to control the Strait of Hormuz could escalate conflict, disrupt oil supplies and trigger retaliation.

Oil prices rise as US Navy moves to blockade Iranian ports: What this means for global supply

April 13, 2026 5:27 am

On Friday, ahead of the peace talks, Brent for June delivery fell 0.8 per cent to USD 95.20 per barrel.

Plumes of smoke rise from an oil facility in Fujairah, United Arab Emirates

Reeling from the Iran war’s oil shock and ‘running out of ideas’

March 20, 2026 9:16 pm

The oil shock from the war in Iran has rippled through much of Southeast Asia, upending lives, straining local economies and increasing public discontent.

The lessons of past oil crises have not been fully learnt

March 20, 2026 10:11 am

Industrial and commercial consumers have repeatedly borne the brunt of supply disruptions -- whether fertilisers, petrochemicals or small-scale manufacturing

‘Without gas, there will be a huge problem’: In Morbi, India’s ceramic hub, fears of a shutdown within days

March 10, 2026 5:47 pm

Sunil Manglunia, MD of Qutone Tiles, said that if the Gujarat government did not restore gas supply, all operations at his firm would shut down by the end of this week.

Iranian navy ships conducting operations during an earlier join drill by Iranian and Russian forces in the Indian Ocean.

Oil prices hit 6-month high: How US-Iran tensions could disrupt global supplies, with stakes for India

February 21, 2026 6:36 am

With the growing risk of US military strikes on Iran, benchmark Brent crude prices are over $71 per barrel, over 12% higher than a month ago. India is one of the top oil importers globally.

While India’s macroeconomic health is in a “relative goldilocks situation”, the prevailing global uncertainty means these may be “nervous but exciting times” for the economy, the Ministry of Finance said on Friday.

Nervous but exciting times for the Indian economy, says Finance Ministry

June 27, 2025 8:14 pm

In its monthly economic review report for May, the Ministry of Finance said on Friday that India’s growth and fiscal outlook for the current fiscal would have been “threatened” had higher crude oil prices persisted due to the Israel-Iran war.

oil prices, iran, qatar, US, business news, indian express

Oil price slips after Iran targets US base in Qatar instead of blocking Strait of Hormuz: Here’s why

June 24, 2025 2:13 pm

Iran remains structurally reliant on the Strait of Hormuz. While it has an oil export terminal located outside the Persian Gulf, its effective capacity is only a fraction of Iran’s oil export volumes that cannot bypass the strait.

Crude oil prices advance as Gaza tensions rise, Saudi Arabia hikes prices

May 06, 2024 12:50 pm

Brent crude futures gained 51 cents, or 0.6 per cent, to $83.47 a barrel while US West Texas Intermediate crude futures were at $78.64 a barrel, up 53 cents, or 0.7 per cent.

Oil prices hover below $90/barrel as demand concerns outweigh Middle East supply fears

April 17, 2024 10:05 am

Brent futures for June slipped 56 cents, or 0.62%, to $89.46 a barrel by 0337 GMT, while U.S. crude futures for May fell 63 cents, or 0.74%, to $84.73 a barrel.

Oil prices rise marginally on China growth, Middle East tensions

April 16, 2024 1:02 pm

Earlier in the day oil prices had risen nearly 1% following the release of official data from China showing gross domestic product in the world's biggest oil importer grew 5.3% in the first quarter, year-on-year, comfortably beating analysts' expectations.