U.S. Allows Limited Purchases of Russian Oil for 30 Days
The United States has issued a 30-day license permitting countries to purchase Russian crude oil and petroleum products that are current ...
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China to provide Iranian Red Crescent Society with USD 200,000 aid
Beijing [China], March 13 (ANI): Chinese Foreign Ministry Spokesperson Guo Jiakun said on Friday that China will be providing the Iranian Red Crescent Society with aid worth USD 200,000, reported China Daily.
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Turkish-owned ship allowed to pass through Strait of Hormuz, minister says
Turkish-owned ship allowed to pass through Strait of Hormuz, minister says A Turkish-owned ship that had been waiting near Iran was allowed to pass through the Strait of Hormuz after authorities received permission from Tehran, said Turkish transport minister Abdulkadir Uraloglu. In comments to Turkish media on Thursday that were released on Friday, Uraloglu said Ankara had declared the highest-level security warning for the strait and continued contact with Iranian officials regarding the situation of the remaining 14 Turkish-owned vessels there. "Fifteen ships [with Turkish owners] were there.
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US eases Russian oil sanctions
The temporary measure is expected to cool global energy markets as crude prices continue to soar after US-Israeli attacks on Iran The US has eased sanctions to allow countries to purchase Russian oil and petroleum products already loaded on vessels at sea, according to Treasury Secretary Scott Bessent.
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Trump Removes Sanctions on Russian Oil, and Chatbots Want Your Health Records
Plus, the Friday news quiz.
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Russia, China emerging as economic beneficiaries from ongoing West Asia conflict: Jefferies
New Delhi [India], March 13 (ANI): Russia and China are emerging as key economic beneficiaries from the ongoing conflict in West Asia, according to a report by Jefferies, which highlighted how rising geopolitical tensions are reshaping global energy and financial dynamics.
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"India vital partner to ensure stable oil prices": US Ambassador Sergio Gor on tensions at Strait of Hormuz
New Delhi [India], March 13 (ANI): US Ambassador to India Sergio Gor has expressed concern over the situation at the Strait of Hormuz that can disrupt the energy supplies as the conflict in West Asia escalates and acknowledged that India plays a 'vital role' in keeping oil prices stable around the world.
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Congress MP Sukhdeo Bhagat demands all-party meeting to discuss energy security concerns
New Delhi [India], March 13 (ANI): Congress MP Sukhdeo Bhagat on Friday demanded an all-party meeting to discuss the concerns over India's energy security amid the ongoing conflict in West Asia and the hampering of trade routes in the Strait of Hormuz.
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La crisis del petróleo asesta otro golpe a la economía mundial
Los países ya afectados por la ruptura del orden comercial internacional, la guerra en Ucrania y el caos de los legisladores estadounidenses se enfrentan a daños económicos potencialmente duraderos.
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'We may rethink Orthodox tea production': Guwahati Tea body's Dinesh Bihani as West Asia conflict hits tea exports
Guwahati (Assam) [India], March 13 (ANI): The escalating conflict involving Iran, Israel and the United States is beginning to impact India's tea export sector, particularly shipments of orthodox tea to Gulf countries, according to the Guwahati Tea Auction Buyers' Association.
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Surging Energy Costs Put German Industry ‘Really in Danger’
Four years after the Russian invasion of Ukraine sent energy prices soaring, the war in Iran is posing another challenge to efforts to revive European factories.
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US issues 30-day waiver allowing countries to purchase sanctioned Russian oil
US issues 30-day waiver allowing countries to purchase sanctioned Russian oil The United States issued a 30-day waiver allowing countries to purchase sanctioned Russian oil currently stranded at sea, in a move aimed at stabilising global energy markets shaken by the war involving Iran, Reuters news agency reported. Treasury Secretary Scott Bessent said the measure was intended to ease supply pressures as oil prices surged following disruptions in the Middle East, as shipping through the Strait of Hormuz has been disrupted by the conflict, sending global energy prices sharply higher. Washington has also announced the release of 172 million barrels from the US Strategic Petroleum Reserve as part of a broader plan by the International Energy Agency to release about 400 million barrels to calm markets.
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US allows countries to buy Russian oil stranded at sea to ease energy markets amid West Asia crisis
Washington DC [US], March 13 (ANI): The United States has allowed countries to purchase Russian oil currently stranded at sea in a temporary move aimed at easing pressure in global energy markets following disruptions caused by the West Asia crisis.
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Oil Prices Barely Budge After Trump Lifts Russia Sanctions
After surging about 10 percent on Thursday, oil prices had little reaction to the decision by President Trump to waive sanctions on the sale of some Russian crude.
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Trump Removes Sanctions on Russia to Help Oil Flow Amid Iran Conflict
Treasury Secretary Scott Bessent said it was “unfortunate” that the move could benefit Russia, but maintained that it was only for the short term.
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War in Iran Has India Scrambling to Keep Stoves Lit for Cooking
India relies on huge quantities of cooking gas that is normally shipped from the Persian Gulf.
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Union Minister Hardeep Singh Puri assures energy supply, Rahul Gandhi says "pain has just started" amid West Asia conflict
New Delhi [India], March 12 (ANI): Amid sloganeering by the opposition MPs, Union Minister for Petroleum and Natural Gas, Hardeep Singh Puri, informed the Lok Sabha on Thursday that the country is successfully navigating the major disruption in global energy supplies following the West Asia conflict.
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Iran says ships can pass Hormuz if they coordinate with navy
Iran says ships can pass Hormuz if they coordinate with navy Iran says commercial vessels can still transit the Strait of Hormuz provided they coordinate their passage with Iranian naval forces. Iran’s foreign ministry indicated that shipping through the strategic waterway remains possible if vessels notify and work with the country’s navy, according to remarks reported by Mehr News Agency.
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Oil tanker 'armada' moves to Red Sea with closure of Strait of Hormuz
Oil tanker 'armada' moves to Red Sea with closure of Strait of Hormuz Submitted by MEE staff on Thu, 03/12/2026 - 14:57 Tankers still have to pass the Bab el-Mandeb Strait, where the Houthis have attacked ships in recent years Boats manoeuvring around a tanker during a military exercise in the Strait of Hormuz by members of Iran's Revolutionary Guards Corp, on 17 February 2026 (Sepah News/AFP) Off A massive flotilla of tankers is rushing to Saudi Arabia’s Red Sea coast to pick up crude oil that has been diverted as a result of Iran’s closure of the Strait of Hormuz. Between 24 and 30 large crude carriers are en route to the Saudi Arabian port city of Yanbu, where the East-West pipeline terminates, according to ship tracking data reported by Bloomberg and The Financial Times on Thursday. With Iran having effectively closed the Strait of Hormuz, the 1,200km East-West pipeline is now the juggernaut for Gulf oil exports.
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Oil Prices Briefly Surge as Iran Attacks Continue
Continued Iranian attacks on oil infrastructure sent oil prices briefly surging above $100 a barrel again on Thursday, despite world leaders pledging to release a record amount of emergency oil reserves the day before.
