No Oil Benefiting US, Allies Allowed to Pass through Hormuz Strait: Iran
TEHRAN (Tasnim) – Iran will not let any oil benefiting the US and its allies to pass through the strait of Hormuz as the US-Israeli aggression against the country continues.
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Iran war squeezes LPG supply, Indian restaurants raise alarm
BENGALURU/CHENNAI: Restaurants and hotels across India warned on March 10 that cooking operations could be disrupted or even halted as the Iran war squeezes supplies of liquefied petroleum gas (LPG), prompting authorities to form a panel to review the industry's requests for help. The shortage comes as the U. S.
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Iran to allow India-flagged tankers pass through Strait of Hormuz, Indian source says
Iran to allow India-flagged tankers pass through Strait of Hormuz, Indian source says Iran will allow India-flagged tankers to pass through the Strait of Hormuz, a key artery for global oil trade, an Indian source said on Thursday. An Iranian source denied allowing the tankers to pass through. This handout photo taken on 11 March, 2026 and released by the Royal Thai Navy shows smoke rising from the Thai bulk carrier 'Mayuree Naree' near the Strait of Hormuz after an attack.
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Russia's Dmitriev says he discussed global energy crisis with US counterparts
Russia's Dmitriev says he discussed global energy crisis with US counterparts Russian presidential envoy Kirill Dmitriev said on Thursday he had discussed the current energy crisis with his US counterparts as part of a meeting of the US-Russia working group on economy that took place in Florida. "Today, many countries, primarily the United States, are beginning to better understand the key, systemic role of Russian oil and gas in ensuring the stability of the global economy, as well as the inefficiency and destructive nature of sanctions against Russia," Dmitriev said in remarks posted on his Telegram channel.
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Las acciones de Trump en Irán y Venezuela muestran los límites de las sanciones de EE. UU.
El enorme poder estadounidense. es capaz de debilitar la economía de un adversario, pero no basta para derrocar a sus líderes.
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"Coal and LPG prices may be adversely affected": Chhattisgarh Mini Steel Plant Association
Raipur (Chhattisgarh) [India], March 12 (ANI): Amid the LPG shortage crisis, Chhattisgarh's steel industry is staring at difficult times due to the global impact of the military escalation in the Middle East as Iran continues to disrupt shipping in the Strait of Hormuz.
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US to release 172 million barrels of oil to stabilise markets as Middle East conflict escalates
Washington, DC [US], March 12 (ANI): The United States Department of Energy announced its plan to offload 172 million barrels from the strategic petroleum reserve 'beginning next week,' following significant volatility in oil prices triggered by the ongoing conflict in the Middle East.
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Oman evacuates vessels from key oil export terminal: Report
Oman evacuates vessels from key oil export terminal: Report Oman has evacuated all vessels from its main oil export terminal at Mina Al Fahal as a precautionary measure, Bloomberg reported. The terminal, which sits outside the disrupted Strait of Hormuz, is one of the few remaining ports where crude from the region can be shipped to global markets.
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U.S. to Release 172 Million Barrels of Oil From Strategic Reserves, Energy Dept. Says
The move aims to prevent prices from rising further because of the war in the Middle East.
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"International Energy Agency agreed to coordinate release of 400 million oil barrels to reduce prices": Trump
Kentucky [US], March 12 (ANI): US president Donald Trump on Wednesday (local time) said that the International Energy Agency (IEA) has agreed to coordinate the release of 400 million barrels of oil from national petroleum reserves worldwide in a bid to reduce prices amid conflict involving Iran.
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Turkish Bank Accused of Laundering Billions for Iran Gets a Reprieve
A judge granted a request for a 90-day pause in the pending criminal case against Halkbank. Now it must pass an independent review to prove that it is no longer evading U. S.
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India assisting return of its citizens from Iran via land routes through Armenia, Azerbaijan: MEA
New Delhi [India], March 11 (ANI): The Ministry of External Affairs on Wednesday asserted that the government is working to ensure the safety and welfare of its citizens stranded in West Asia amid escalating tensions.
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Iran condemns new EU sanctions over alleged rights abuses
Iran condemns new EU sanctions over alleged rights abuses Iran has criticised a new round of European Union sanctions targeting officials over alleged human rights violations. EU foreign policy chief Kaja Kallas announced earlier that member states approved sanctions on 19 Iranian officials and entities. In a post on X, Iranian Foreign Ministry spokesperson Esmaeil Baghaei described the measures as “absurd”, “immoral” and “utterly unlawful”.
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EU ambassadors approve new sanctions on 19 Iranian officials, entities over human rights violations
Brussels [Belgium], March 11 (ANI): The European Union on Wednesday moved to intensify pressure on Tehran amid the conflict in West Asia by approving new sanctions targeting 19 Iranian regime officials and entities accused of serious human rights violations.
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IEA to release one-third of total oil reserve stock to combat energy crisis
IEA to release one-third of total oil reserve stock to combat energy crisis Submitted by Sean Mathews on Wed, 03/11/2026 - 16:12 Vessels carrying Iranian crude for China have been passing through the Strait of Hormuz, but it's effectively closed for western ships A general view shows Ras Tanura's oil production plant near Dammam in Saudi Arabia's Eastern Province, on 27 December 2004 (Bilal Qabalan/AFP) Off The International Energy Agency (IEA) said on Wednesday that its member countries agreed to unlock 400 million barrels of oil from their reserves, as the US-Israeli war on Iran cut off supplies from the Gulf. "The oil market challenges we are facing are unprecedented in scale; therefore, I am very glad that IEA member countries have responded with an emergency collective action of unprecedented size," IEA executive director Fatih Birol said. The release is a historic record for IEA member countries and far exceeds the 182 million barrels of oil they released in 2022 after Russia’s invasion of Ukraine jolted energy markets.
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G7 agrees to keep sanctions on Russia despite war on Iran, Macron says
G7 agrees to keep sanctions on Russia despite war on Iran, Macron says G7 leaders have agreed to maintain sanctions against Russia despite the current turmoil in the Middle East and its impact on global energy markets, French President Emmanuel Macron said on Wednesday. Speaking after a call with G7 leaders, Macron said the US-Israeli war with Iran and its consequences for oil prices did not justify easing the measures against Moscow. Macron also said the International Energy Agency’s decision to release 400 million barrels of oil from global reserves (the largest such move in its history) would account for 14.
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Trump says G7 decisions having ‘tremendous impact’ after record oil stock release recommendation
Trump says G7 decisions having ‘tremendous impact’ after record oil stock release recommendation US President Donald Trump said decisions taken by world leaders were having a "tremendous impact" during a call with Group of Seven (G7) leaders discussing the war with Iran and its economic fallout. Speaking in a video clip shared by the French presidency, Trump said: "I think we are having a tremendous impact, unbelievable actually, on the world. " The G7 meeting chaired by French President Emmanuel Macron came shortly after the International Energy Agency (IEA) recommended releasing 400 million barrels of oil from global reserves to help curb soaring prices linked to the US-Israeli war on Iran.
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EGYPT-ECONOMIC IMPACT-IRAN CONFLICT-RISING PRICES
(260311) -- CAIRO, March 11, 2026 (Xinhua) -- People shop at a market in Cairo, Egypt, on March 11, 2026.
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Iran Warns Oil Could Hit 200 Dollars a Barrel
Iran has warned that global oil prices could surge dramatically as tensions in the Middle East continue to escalate. Ebrahim Zolfaghari, spokesman for Iran's Joint Chiefs of Staff, said the international community should prepare for the possibility of crude reaching USD 200 per barrel.
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"We are in close contact with students stranded in Iran, coordinating their travel": JKSA
Srinagar (Jammu and Kashmir) [India], March 11 (ANI): The Jammu & Kashmir Students Association (JKSA) on Wednesday said around 100 Indian students stranded in war-torn Iran, including a majority from Kashmir, are set to return to India on March 14 and 15 through commercial flights, marking the first batch of students returning amid the ongoing Israel-Iran tensions.
