New Delhi [India], May 11 (ANI): India is engaging with multiple countries to ensure uninterrupted energy supplies amid the ongoing tensions in West Asia, the Ministry of External Affairs (MEA) said on Monday.
Aramco: current energy supply shock 'largest ever experienced' Aramco's CEO Amin Nasser said the current energy supply shock which hit during its first quarter is the "largest the world has ever experienced. ” He added that even if the Strait of Hormuz were to open today, it would still require months for markets to restore balance, and that if the Hormuz “disruption” were to carry on for a few more weeks, market normalisation wouldn't happen until 2027. He also said that the market will lose around 100 million barrels of oil per week if the Strait remains closed.
EU ministers agree on sanctions for Israeli settlers EU foreign ministers have come to a political agreement imposing new sanctions against violent Israeli settlers in the occupied West Bank. Israel's foreign minsiter, Gideon Sa'ar, stated on X that Israel rejects those sanction and claimed that "The European Union has chosen, in an arbitrary and political manner, to impose sanctions on Israeli citizens and entities because of their political views and without any basis. " Israel firmly rejects the decision to impose sanctions on Israeli citizens and organizations.
Second Qatari tanker crossing Strait of Hormuz A second Qatari liquefied natural gas (LNG) tanker, the Mihzem, is traversing the Strait of Hormuz, following the successful passage of a similar cargo this weekend. These cargoes are headed to Pakistan, which has reportedly obtained an arrangement with Iran to secure the safe passage of LNG shipments. Qatar is selling LNG to Pakistan, a mediator in the ongoing conflict, through a government-to-government agreement, reported Reuters, and the passage was approved by Iran - a move seen to foster confidence with both Qatar and Pakistan.
Mumbai (Maharashtra) [India], May 11 (ANI): Indian equity markets witnessed sharp selling pressure on Monday as renewed tensions in the Gulf region and concerns over rising crude oil prices weighed heavily on investor sentiment. The Nifty 50 index closed at 23,815. 85, down 360.
Decades of sanctions and a punitive war have driven Tehran to pursue nuclear weapons and weaponise Hormuz, while Washington's diplomacy stalls After crying wolf over Iran's non-existent nuclear weapons program for decades, Washington has finally pushed the Islamic Republic over the brink, with Supre
Iran says US has not issued World Cup visas for players The Iran Football Federation said the United States has yet to issue entry visas to members of Iran’s national football team ahead of the 2026 Fifa World Cup 2026. Federation president Mehdi Taj told Nasim TV that no player had yet received a visa and that the process was taking “a very long time”. Iran’s national team is preparing for a training camp in Türkiye lasting around 15 days later this week, while officials hope the issue will be resolved during that period.
Brent crude climbs above $105 after Trump rejects Iran response Oil prices continued to rise after US President Donald Trump described Iran’s response to Washington’s proposal as “unacceptable”, fuelling concerns that the conflict could intensify further and continue disrupting energy supplies through the Strait of Hormuz. Brent crude futures rose $4. 16, or 4.
Nagpur (Maharashtra) [India], May 11 (ANI): Maharashtra Chief Minister Devendra Fadnavis echoed Prime Minister Narendra Modi's appeal for responsible consumption amid rising global tensions and warned that improper use of fuel resources could eventually lead to shortages in India as well.
Russian President Vladimir Putin on Saturday reiterated his offer to help move Tehrans fissile material stockpile US President Donald Trump has said that Washington will get hold of Iran's stockpile of enriched uranium "at some point," repeating one of his key demands in peace talks.
The phaseout would deepen the blocs dependence on more expensive US gas, the Slovak prime minister has warned The EU plan to phase out Russia as an energy supplier will end in the US reselling Russian oil and gas to Europe at far higher prices, Slovak Prime Minister Robert Fico has warned.
WASHINGTON, May 10 (Xinhua) -- U. S. President Donald Trump has said that the United States is monitoring Iranian enriched uranium buried under the rubble, and the U.
The warning comes as a commercial vessel is hit off Qatar, and both the UAE and Kuwait report drone attacks.
Disruptions in the Strait of Hormuz are pushing global inventories toward operational stress and floor levels, the outlet has reported Global oil inventories are shrinking at the fastest pace on record amid continuing disruptions in the Strait of Hormuz, Bloomberg has reported. The outlet cited data from Morgan Stanley on Saturday showing that global oil stockpiles fell by about 4.
Aramco CEO says world lost 1 billion barrels of oil in two months Saudi Aramco chief executive Amin Nasser said on Sunday that the world had lost around one billion barrels of oil supply over the past two months, according to Reuters. The comments came after Aramco reported a 25 percent rise in first-quarter net profits. Nasser added that global energy markets would need time to stabilise even if the Strait of Hormuz reopened and commercial shipping resumed.
Iran was already struggling economically before 2026 brought widespread instability. A government-imposed internet shutdown has crippled an entire sector.
Prices for some medicines in Iran have surged by as much as 400% and pharmacies are struggling to supply critical drugs to patients, a pharmacists’ association official said on Sunday.
WASHINGTON, D. C. :/CAIRO: Even as the forces of the United States and Iran exchanged fire in the Middle East on May 8, a U.
Washington DC [US], May 10 (ANI): A large oil slick has been detected in the Persian Gulf near Kharg Island, Iran's main crude oil export hub, raising fresh concerns over the condition of the country's oil infrastructure amid mounting regional tensions and shipping disruptions, according to a report by The New York Times.
Putin says Moscow prepared to store Iranian enriched uranium Russian President Vladimir Putin said Moscow is prepared to transport and store Iran’s stockpile of enriched uranium, reviving an arrangement previously used under the 2015 nuclear agreement. Speaking at a news conference in Moscow, Putin said Russia had removed enriched uranium from Iran in 2015 and was ready “to repeat this experience”. Putin said all sides in the conflict had initially agreed to move the uranium out of Iran, but negotiations later stalled.
