Tag Archives: US

Brent crude rises to highest level in nearly a month as US-Iran deadlock keeps Strait of Hormuz disrupted, raising risks of higher import bills, fuel prices & inflation for India.New Delhi: Nearly six months into the US-Iran war, the oil market is again facing supply uncertainty, with Brent crude climbing …

India may avoid a crude supply crunch, but persistent attacks on Gulf shipping could raise freight, insurance and fuel costs, while putting LPG and LNG supplies at riskNew Delhi: Recent attacks on UAE’s state-owned Abu Dhabi National Oil Company (ADNOC) vessels and Saudi energy infrastructure are unlikely to leave India short …

In June 2026, Chinese electric-vehicle manufacturer BYD confirmed that its planned $1 billion electric and plug-in hybrid vehicle factory in Manisa, western Turkiye, had been placed on indefinite hold. The project, signed with great ceremony in July 2024 in the presence of Turkish President Recep Tayyip Erdoğan, had been presented as a …

On 29th July 2026, a suspected drone struck the Energos Winter, a US-owned floating storage and regasification unit (FSRU), at Egypt’s Damietta port. The resulting fire spread to the nearby Gaslog Salem. Both crews were evacuated, the fire was contained, and no casualties were reported. Maritime security firms Ambrey and Vanguard identified …

Amir Soltanzadeh Iranian authorities want to dampen fuel consumption, but a sudden increase in gasoline prices risks social unrest as many Iranian households are already under severe economic pressure Iran is moving closer to politically sensitive changes in gasoline pricing as the government struggles with a widening gap between domestic …

The United States and Saudi Arabia took a step toward nuclear cooperation on 22nd July 22 2026, when U.S. Energy Secretary Chris Wright and Saudi Energy Minister Prince Abdulaziz bin Salman signed a Section 123 Agreement. It creates the legal basis for civilian nuclear trade and comes with a bilateral safeguards agreement. Washington …

The recent disruption in the Middle East, including the closure and uneven reopening of the Strait of Hormuz, has exposed a shift in the global energy system’s principal vulnerability. Initial concern focused on whether enough crude oil could reach the market. Yet crude flows have recovered faster than supplies of …

The attacks on Iran’s infrastructure came on the sixth consecutive day of U.S. strikes. A retaliatory attack by Iran caused damage to a power and desalination plant in Kuwait.By Rachel Chason,  Mohamad El Chamaa and  Suzan Haidamous The U.S. military struck bridges, energy infrastructure and a port facility in southern Iran overnight …

Russian oil remains India’s biggest supply cushion, but experts say LPG & LNG imports remain highly vulnerable to renewed Strait of Hormuz disruption.New Delhi: Amid renewed uncertainty around the Strait of Hormuz, Russian crude continues to dominate India’s imports, averaging around 2.5 million barrels per day (mbpd) until 15 July, and …

The concept of “corridor wars” describes intensifying competition among major powers over critical trade, energy, and transit routes in an era of weaponized interdependence. Unlike traditional territorial conflicts, these struggles center on controlling, securing, bypassing, or disrupting chokepoints: narrow maritime passages and overland links through which global commerce flows. Key arenas include …