May 11: Prime Minister Narendra Modi has called on companies to adopt work-from-home policies and reduce unnecessary travel as the Iran war continues to affect global fuel supplies and economic stability. Following the Prime Minister’s appeal, IT employee body NITES has written to the labour ministry seeking an official advisory for remote work in the IT and IT-enabled services sector. The request

Why did a sanctioned yacht cross the Strait of Hormuz during heightened tensions? A 465-foot superyacht known as Nord, linked to Russian billionaire Alexey Mordashov, sailed through the strategically vital Strait of Hormuz despite ongoing maritime restrictions tied to the US-Iran conflict. The vessel departed Dubai on Friday April 24, 2026 afternoon, transited the st

US maintains Hormuz blockade as Iran warns of retaliation, escalating tensions over a key global oil route while both sides pursue parallel diplomatic talks in Pakistan. US maintains Hormuz blockade as Iran warns of military response as tensions escalated on Saturday, April 25, 2026, when Iranian officials warned they would respond if U.S. naval actions targeting Iranian ports continue. The statement, issued through state-run media, described the U.S. presence in t

Britain is hosting senior military planners from more than 30 countries at the UK Permanent Joint Headquarters for high-level discussions on securing the Strait of Hormuz, a critical global oil transit route. The two-day meeting in northwest London, being held from April 22 to April 23, 2026, aims to advance a multinational maritime security initiative jointly led by the United Kingdom and France, following earlier consultations involving over 40 nations chaired by Keir Starmer and Emmanuel M

Port Louis, Mauritius — Mauritius Foreign Minister Dhananjay Ramful announced that India is expected to supply approximately 1.2 million tonnes of petroleum products annually to the island nation, as global supply chains remain strained due to the ongoing conflict in West Asia. The agreement, currently in the form of a memorandum of understanding with the Government of India, is pending final approva

The reopening of the strategically critical Strait of Hormuz is expected to face further delays as Iran encounters challenges in locating and clearing sea mines reportedly deployed during recent hostilities, according to U.S. officials cited in a report by

Saudi Arabia’s critical East-West oil pipeline, a key route for crude exports, was struck in an Iranian attack, according to an industry source on Wednesday. The pipeline, currently serving as the kingdom’s primary export outlet after disruptions in the Strait of Hormuz, was among several oil-related facilities targeted across the country. The East-West pipeline plays a central role in maintaining Saudi Arabia’s oil supply chain, transporting approximately 7 million barrels per

The Strait of Hormuz, a narrow waterway connecting the Persian Gulf to the open ocean, remains one of the most strategically important routes in the global economy. Located between Iran and Oman, this passage serves as a critical channel for transporting oil from major producing countries to markets around the world. A significant portion of the world’s oil supply moves through this route each day, making it essential for maintaining stable energy markets. Because many countries r

A massive explosion at the Valero Port Arthur refinery in Texas on Monday (March 23) has triggered an emergency response and raised fresh concerns over fuel supply stability in the United States. The incident sent flames and thick black smoke into the sky, prompting authorities to issue a shelter-in-place order for nearby residents. Local emergency officials urged people in surrounding areas to remain indoors as a precaution, citing potential risks from hazardous smoke. The refinery

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

Global oil markets experienced unprecedented volatility this week as escalating tensions in the Middle East disrupted key energy supply routes and triggered the largest weekly surge in U.S. crude futures since trading began in 1983. The sharp rise in oil prices reflects growing concerns among investors and governments that prolonged conflict in the region could severely affect global fuel supply chains and economic stability. West Texas Intermediate crude futures climbed sharply on

Oil prices climbed sharply on Wednesday, rising more than 4% as investors reacted to escalating tensions between the United States and Iran following the latest round of nuclear negotiations. Market sentiment shifted after U.S. Vice President JD Vance indicated that Tehran had failed to address key American demands and warned that military options remain under consideration. U.S. West Texas Intermediate crude settled up $2.86, or 4.59%, at $65.19 per barrel, while global benchmark B

Russian President Vladimir Putin met Cuban Foreign Minister Bruno Rodríguez at the Kremlin on Wednesday, using the talks to sharply criticize the latest United States sanctions on Havana and reaffirm Moscow’s support for its long-time Caribbean ally. The meeting took place against the backdrop of intensifying economic pressure on Cuba and growing geopolitical tensions over the island’s energy supplies. According to official statements, Putin described the newly imposedestrictio