The ongoing conflict involving the United States, Israel and Iran has triggered what the International Energy Agency (IEA) describes as the largest disruption in the history of the global oil market, as tensions intensify around the Strait of Hormuz, one of the world’s most critical energy transit routes. In a report released on Thursday, the agency said oil and petroleum product flows through the strategic waterway have plunged sharply, raising serious concerns about global energy security

Iran’s Deputy Foreign Minister Majid Takht-Ravanchi on Thursday rejected allegations that Iranian forces were laying mines in the Strait of Hormuz, a crucial global shipping route, stating that the claims were inaccurate and misleading. His remarks came days after the United States said it had carried out strikes against Iranian vessels allegedly involved in placing mines in the strategic waterway. Responding to questions about the accusations, Takht-Ravanchi said Iran had not engaged in s

Prime Minister Narendra Modi on Thursday said the government is taking comprehensive steps to safeguard India’s energy security as global fuel markets face uncertainty due to the ongoing conflict in West Asia. Addressing the NXT Summit 2026 in New Delhi on March 12, the prime minister said India has adopted a holistic strategy to strengthen its energy sector and reduce vulnerability to global disruptions. Modi said the country has significantly expanded its strategic petroleum reserve in r

Iran’s newly appointed Supreme Leader Mojtaba Khamenei delivered a strong and defiant message in his first public statement since assuming the country’s highest leadership position, warning that Iran will continue responding to what it describes as hostile actions by the United States and its allies. In the message broadcast on state television on Thursday, March 12, Khamenei vowed revenge for what he called crimes committed against Iran and signaled that attacks linked to ongoing regional t

A crude oil tanker captained by an Indian reached Mumbai after a

Tensions across the Middle East escalated sharply on Thursday as the ongoing Iran-Israel conflict intensified with new drone and missile attacks reported across several locations in the region. Iranian authorities claimed responsibility for launching drone strikes targeting Israel’s Shin Bet headquarters in Tel Aviv as well as the Palmachim and Ovda air bases, signalling a significant escalation in hostilities between the two countries. Israeli officials confirmed that missiles we

In a bold move to end the ongoing war with the United

A luxury residential high-rise in Dubai Creek Harbour was struck by