Oil Prices
Oil prices up over 2% after drone attack on UAE's nuclear power plant
Oil prices rose over 2% after a drone strike near the Barakah nuclear plant in the UAE, as renewed West Asia tensions and US warnings to Iran stoked supply fears.
2 min read08:11 AM ISTUncharted waters: Why rising waterborne oil supplies are the lifeline of global energy grid
Waterborne oil supplies are serving as a floating pipeline, keeping the world’s most critical economies from coming to a complete standstill.
3 min read17 May 2026European Stocks Decline Most Since Late March as Yields Rise
European stocks fell by the most since March as the latest rise in oil prices fanned inflation fears and worsened a global bond selloff.
2 min read16 May 2026European Stocks Fall as Iran Deal Stalemate Pushes Oil Higher
European stocks dropped as oil prices rose on concerns that the Strait of Hormuz will remain shut for longer.
1 min read16 May 2026Can PM Modi's visit to UAE, other four countries find a solution to the soaring oil prices problem?
Prime Minister Modi's five-nation tour aims to secure long-term energy supplies amid rising crude oil prices that impact India's economy. The visit highlights India's strategy to diversify crude sourcing and strengthen energy security, particularly through partnerships with the UAE and Norway.
4 min read16 May 2026An attack on the world economy
Whatever happens in the Strait of Hormuz, energy markets have been changed for ever
5 min read15 May 2026The world is burning through its oil safety net
Global oil inventories have fallen at a record pace during the Iran war, and oil executives and analysts predict a reckoning within weeks if the Strait of Hormuz remains shut.
5 min read15 May 2026Rahul Gandhi slams Modi govt over fuel price hike: ‘Public will pay for mistakes’
Rahul Gandhi's attack came after the Centre increased petrol and diesel prices by ₹3 per litre across the country. Following the revision, petrol prices in New Delhi rose from ₹94.77 to ₹97.77 per litre, while diesel prices increased from ₹87.67 to ₹90.67 per litre.
1 min read15 May 2026Petrol diesel price hike: Opposition steps up attack on Modi govt – ‘Elections over, vasooli shru’
Petrol diesel price hike: Congress party linked the fuel price hike to the completion of the Assembly election in four states and one union territory, said that PM Modi's ‘vasooli (extortion) begins’ after the elections.
1 min read15 May 2026Oil ends flat as tanker crossings through Strait of Hormuz temper supply fears
GLOBAL-OIL:Oil ends flat as tanker crossings through Strait of Hormuz temper supply fears
3 min read15 May 2026Wait for it…
Oops! Looks like you have exceeded the limit to bookmark the image. Remove some to bookmark this image.