Hormuz disruption tests limits of global energy markets
Failure to restore shipping through the Strait of Hormuz is beginning to show what prolonged disruption could mean for global energy markets.
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President Trump announces Reliance investment to build American oil refinery
Washington DC [US], March 11 (ANI): US President Donald Trump on Tuesday (local time) announced the opening of a new oil refinery in 50 years with the investment help from India's Reliance Industries Ltd. In a post on Truth Social, Trump said that the new refinery would fuel American markets and strengthen national security, along with boosting energy production.
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'Swinging into action:' The Saudi Arabian pipeline designed to bypass Hormuz
'Swinging into action:' The Saudi Arabian pipeline designed to bypass Hormuz Submitted by Sean Mathews on Tue, 03/10/2026 - 20:08 Saudi Arabia is pumping oil to the Red Sea, but this new route will not address fuel shortages and puts the Houthis back in play A handout picture provided by Energy giant Saudi Aramco, Saudi Arabia's oil company, shows one of its engineers at Yanbu refinery in Medina province, on 16 January 2011 (Joe Lynch/Saudi Aramco/AFP) Off Oil tankers were aflame in the Gulf, and Saudi Arabia was worried Iran would cut its access to markets by closing the Strait of Hormuz. Four decades later, the desert pipeline the kingdom built in the 1980s to bypass the strait is “swinging” into action as the world faces an unprecedented plunge in oil supplies. Saudi Aramco chief executive officer Amin Nasser said on Tuesday that they are ramping up crude flows through the East-West pipeline, and it will hit full daily capacity - seven million barrels - in a few days.
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'This short-term measure will not provide financial benefit to Moscow': White House on granting "permission" to India for Russian oil
Washington DC [US], March 11 (ANI): White House Press Secretary Karoline Leavitt on Tuesday underlined that the United States had 'permitted' India to temporarily purchase Russian oil in the wake of the disruptions to global energy supplies amid the conflict in West Asia. The White House Press Secretary made the remarks during a media briefing on Tuesday.
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BBC visits key Dubai port in Iran's firing line
Trade at the Middle East's biggest port has been hit hard since Iran's blockade of the Strait of Hormuz began.
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Iran arrests 30 'spies' belonging to US and Israel, intelligence ministry says
Iran arrests 30 'spies' belonging to US and Israel, intelligence ministry says The Iranian Ministry of Intelligence said that arrested "30 spies, agents, and internal field operatives belonging to the American and [Israeli] enemy".
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Rising Fuel Costs Pressure Airlines and Truckers
The price of jet fuel and diesel has surged since the war in Iran began, which could force airlines and trucking companies to pass on higher costs to their customers.
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"Need clarity and preemptive measures": Dinesh Gundu Rao on reports of commercial LPG cylinder shortage
Bengaluru (Karnataka) [India], March 10 (ANI): Amid shortage of commercial LPG cylinders due to the ongoing West Asia crisis, Karnataka Minister Dinesh Gundu Rao on Tuesday called on the central government to take preemptive steps and provide clarity on how supply will be maintained.
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Iran spent one-third of 2026 in internet blackout: Report
Tehran [Iran], March 10 (ANI): Amid continued strikes by the US and Israel on Iran, people in the country are facing near-total internet blackouts. The country on Tuesday, since the beginning of 2026, witnessed a total of 240 hours of internet blackouts, making it the most severe government shutdown, as per cybersecurity and digital governance think tank Netblocks.
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US dollar surges as oil rally fuels global market fears
SINGAPORE: The U. S. dollar surged as oil prices climbed close to US$120 a barrel, prompting investors to seek safety in cash amid fears that a prolonged Middle East conflict could disrupt energy supplies and weaken global growth.
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Internet Black Market in Iran: Millions of Tomans for a Few Gigabytes
As the war drags on and a nationwide internet blackout cuts the country off from the outside world, reports suggest a costly black marke ...
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Get ready for price shocks because of Iran? How are we supposed to do that? | Zoe Williams
From energy to food, all of life’s essentials are about to get even more expensive. But just knowing that won’t pay the bills As soon as the attacks on Iran started, the warnings commenced: “Get ready for price shocks. Get ready for the oil price to spike.
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Trump’s ‘free flow of energy’ vow fails to restart shipping in strait of Hormuz
Only two vessels not linked to Iran or Russia have braved ‘chicken run’ since US president’s promise on Friday Middle East crisis – live updates Only two vessels not linked to Iran or Russia have made the “chicken run” through the strait of Hormuz since Donald Trump said he would “ensure the free flow of energy to the world”, according to maritime records. One of those that braved the journey since the US president’s announcement of emergency measures on Friday went “dark” by switching off its transponder and a second signalled it was Chinese owned and crewed. Continue reading...
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Saudi Aramco chief warns of vulnerable global oil markets
Saudi Aramco chief warns of vulnerable global oil markets The head of Saudi Aramco has warned that global energy markets remain vulnerable as most of the world’s spare oil production capacity sits in the Middle East. Speaking amid growing turmoil in the region, Aramco’s chief executive said: “Unfortunately for global markets all spare capacity is in this region. ” He added that the company is currently relying in part on existing global stockpiles to continue supplying customers, warning that it "cannot be used for an extended period of time".
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India invokes special act to ensure gas supplies
New Delhi has also directed refineries to boost production as the Middle East conflict disrupts supplies through the Strait of Hormuz India has invoked special legislation to ensure adequate gas supplies, which have been disrupted due to the escalating Middle East conflict.
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India takes emergency gas supply measures
New Delhi has also directed refineries to boost production as the Middle East conflict disrupts supplies through the Strait of Hormuz India has invoked special legislation to ensure adequate gas supplies, which have been disrupted due to the escalating Middle East conflict.
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Iran keeps loyal voices online as public faces record internet blackout
Iran’s government said on Tuesday that it is providing special internet access to select users capable of promoting its messaging online, even as the country remains under what monitoring groups call one of the most severe nationwide internet shutdowns ever recorded.
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As Iran War Spikes Gas Prices, Americans Struggle With the Rising Cost of Living
Shocked by the rapid price increases, many Americans are scrambling to figure out how to stretch their budgets to cover an essential expense.
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Washington Weighing a Rollback of Oil Sanctions on Russia
Trump and Putin connected by phone for the first time this year, holding what the Kremlin described as a substantive conversation covering the war in Iran, the situation in Ukraine, and Venezuela's role in global oil markets. The call came just hours after Putin had warned publicly that the ongoing conflict was pushing the world toward an energy crisis.
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India diverts gas to priority sectors after Strait of Hormuz closure
India diverts gas to priority sectors after Strait of Hormuz closure India has activated emergency measures to redirect natural gas supplies to priority sectors after liquefied natural gas shipments through the Strait of Hormuz were disrupted, according to a government notification. Authorities said gas will be diverted away from non-essential users to protect key industries and services that depend heavily on the fuel. India consumes about 195 million standard cubic metres of gas per day and relies on imports for roughly half of that demand.
