New Delhi [India], March 19 (ANI): Brent crude prices surged more than 4 per cent on Thursday to USD 112. 17 per barrel following escalating tensions in West Asia after Israel struck an Iranian gas field and Iran retaliated by targeting a key fuel hub in Qatar. Crude oil prices in the international market were trading at USD 112.
New Delhi [India], March 19 (ANI): Former Union Minister and Senior Congress leader P Chidambaram on Thursday said that it is 'good and welcome news' that 22 Indian-flagged vessels are waiting to cross Strat of Hormuz to fulfill country's energy needs. He criticised US President Donald Trump for the war against Iran, which he said has caused a crisis in the world.
SINGAPORE/KARACHI: Asian utilities are increasingly turning to coal-fired power to manage rising energy costs and secure supply, as the war involving Iran disrupts liquefied natural gas (LNG) shipments and drives prices sharply higher, industry officials said.
Aid for 400,000 children in Sudan delayed by Hormuz disruption Medical supplies for around 400,000 children in Sudan are stuck in Dubai due to the closure of the Strait of Hormuz, Save the Children said. The shipment includes antibiotics, antimalarial drugs, deworming treatments and injectable medicines. More than 90 primary healthcare facilities could run out of essential supplies as a result.
US VP Vance says ‘we know we got a problem’ with petrol prices US Vice President JD Vance has acknowledged that “we got a problem” regarding the rising petrol prices amid the US-Israel war on Iran. “Gas [petrol] prices are up. We know they’re up, and we know people are hurting because of it,” he said during a speech at a manufacturing facility in Michigan.
(260318) -- LONDON, March 18, 2026 (Xinhua) -- A man walks past a petrol station in London, Britain, March 18, 2026. The strikes launched by the United States and Israel against Iran have triggered a sharp spike in global oil prices.
As tensions between the U. S. -Israeli force and Iran escalated in March, raising fears over the security of one of the world's most critical oil transit chokepoints, Portugal found itself exposed to a conflict in which it had no part.
Russia says shipping can return to Strait of Hormuz through diplomacy Negotiations are the only way to reopen the Strait of Hormuz for shipping, Russian Foreign Ministry spokesperson Maria Zakharova said. It comes as maritime traffic through the key waterway is still suspended due to Iranian threats and attacks on ships following the US-Israeli attacks on Iran.
Turkey proposes Iraq oil pipeline extension as Hormuz crisis bites Submitted by Ragip Soylu on Wed, 03/18/2026 - 15:45 Turkish energy minister says Iraq could transport half of its oil exports through Turkey if it extends Kirkuk pipeline to Basra A general view of the oil refinery at Zubair, southwest of Basra in southern Iraq, on 3 March 2016 (AFP) Off With Iran 's chokehold on exports through the Strait of Hormuz triggering an international energy crisis, Turkish Energy Minister Alparslan Bayraktar has proposed extending the oil pipeline that links Turkey and Iraq all the way to the southern port city of Basra. Turkey and Iraq have been connected by a 970-kms pipeline since 1976, linking Iraq’s oil-rich northern city of Kirkuk to the Turkish port city of Ceyhan. While a branch line carrying oil from Iraq’s Kurdistan region to Turkey has operated for years, the main Kirkuk-Ceyhan pipeline has remained largely idle since an Islamic State attack on the infrastructure in 2014.
By Sabita Mishra New Delhi [India], March 18 (ANI): The global urea market is facing a potential crisis as Qatar's urea plants have remained offline since early March, compounded by Iranian gas cutoffs and force majeure declarations across Gulf exporters.
Putin weighs shifting Russian energy away from Europe amid Iran war shocks Russia says it is considering redirecting its remaining energy supplies away from Europe as markets reel from the Israeli-US war on Iran. Kremlin spokesman Dmitry Peskov said on Wednesday that President Vladimir Putin had instructed officials to study the possibility of shifting Russian oil and gas flows away from European buyers. Peskov added that Moscow has not received any signals from European governments about reopening discussions on energy supplies.
Iraq resumes Kirkuk oil exports to Turkey via Ceyhan pipeline Iraq has restarted crude exports from the Kirkuk oilfields to Turkey’s Ceyhan port after Baghdad and the Kurdistan Regional Government struck a deal to resume flows. The state-run North Oil Company said shipments would begin with an initial capacity of about 250,000 barrels per day. The KRG confirmed the agreement and said a joint committee would oversee preparations and return revenue to Iraq’s federal treasury.
Austria cuts fuel tax as Israeli-US war drives up oil prices Austria’s government says it will temporarily cut fuel taxes and cap retailer margins to shield consumers from soaring oil prices linked to the Iran war. The three-party coalition announced on Wednesday that the petroleum tax on petrol and diesel will fall by five euro cents per litre while new limits will apply to fuel sellers’ profit margins.
There has been no discussion of this nature between New Delhi and Tehran, the Indian Foreign Ministry has said India has denied a report that Iran has sought the release of three oil tankers seized by New Delhi as part of talks on the safe passage for its ships through the Strait of Hormuz.
Srinagar (Jammu and Kashmir) [India], March 18 (ANI): Amid escalating tensions in West Asia and worsening security in Iran, many Indian students remain stranded at the Azerbaijan border, due to the ongoing conflict with the US and Israel, facing illness and lack of resources despite some being evacuated earlier.
As the U. S. conflict with Iran intensifies, public opinion has moved quickly from passively watching events overseas to judging its immediate consequences at home.
New Delhi [India], March 18 (ANI): Crude oil prices in the international markets surged again to as high as USD 103 per barrel on Wednesday after Iranian parliamentary speaker Mohammad Baqer Qalibaf indicated that the situation in the Strait of Hormuz would not return to normal. These remarks have heightened uncertainty over the safe passage of vessels through the crucial energy corridor.
By wresting control of the Strait of Hormuz, Iran has turned the tables on US Iran spent a decade building up a shadow fleet of tankers untouched by western finance and insurance to evade US sanctions. Now, those vessels are snaking through the Strait of Hormuz while their western-affiliated counterparts are locked out of the key chokepoint. Whereas the US used its heft as the underwriter of the world’s finance system to box out foes like Iran and Russia, the Islamic Republic is using missiles and drones to do the same.
By cutting off Russian oil supplies to Hungary and Slovakia, Kiev has triggered a row that delays a vital loan Ukraine has agreed to an EU inspection of the Druzhba oil pipeline on its territory, in a lastminute attempt to ease a dispute with Hungary that has blocked a €90 billion ($105 billion) EU loan package.
Pipeline, closed since 2015 after huge oil spill, reopens after president cites need to boost US supply amid war on Iran Oil has begun to flow from a controversial California pipeline for the first time in an over decade following a Trump administration order, despite state officials decrying the move. Sable Offshore Corporation, the Houston-based owner of the coastal pipelines, announced on Monday that offshore oil was now flowing through its Santa Ynez unit and Santa Ynez pipeline system, which runs through several California counties. Continue reading...
