India's crude oil import dependency hits record high of 90.6% in May 2025 due to rising consumption and declining production.

Oil prices were mixed today, June 19, as investors assessed whether the US would join Israel in its attacks on Iran, as the ...

Brent Crude prices jump as traders brace for conflict escalation, supply disruption, and geopolitical premium pricing.

Iran has previously threatened to close the strait in times of conflict, though there’s no sign of that happening so far.

Oil prices rose as Israel and Iran exchanged missile attacks, with Brent crude futures up 1.4% and U.S. crude up 1.7%.

Strait of Hormuz - the narrow but strategically vital waterway through a fifth of world's oil and gas transits and is supply lane for more than a third of India's energy need - has never been shut and ...