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India imports 50 per cent of its LNG stocks from the international market. New Delhi: Union Petroleum and Natural Gas Minister Hardeep Singh Puri is on a two-day visit to Qatar today and tomorrow amid concerns over energy supplies triggered by the Iran war. Why his visit matters India imports 50 per cent of its LNG stocks from the international market, oil economist Kirit Parikh said. Out of this, 40 per cent stocks are sourced from Qatar. However, much of India's imports have been severely ...Read More >
New Delhi: The ripple effects of the ongoing conflict in the Persian Gulf are now being felt far beyond global shipping routes and oil markets, reaching deep into Indian households and kitchens. A sharp spike in cooking gas prices and an emerging shortage of LPG cylinders have forced families, small businesses, and eateries to revert to traditional fuels such as firewood, cow dung, and coal, triggering both economic strain and environmental alarm. Across several parts of the country, the risin ...Read More >
(RTTNews) - Indian shares are seen opening a tad lower on Thursday as oil prices rebounded amid confusion over the U.S.-Iran truce terms. Uncertainty is growing around the ceasefire as both sides appear to be working with different versions of the peace proposal. Sporadic fighting continued throughout the Middle East, including in Lebanon, where Israel's military launched what it described as its most powerful attacks on Wednesday, killing hundreds of people and creating panic. Tehran, which ...Read More >
Amid concerns of a possible increase in fertilizer prices on account of the situation in West Asia, the Union Cabinet here on Monday approved an increase of about 12% in nutrient-based subsidy for Phosphatic and Potassic (P&K) fertilizers for the ongoing kharif crop season. Effective April 1 and up to September 30 this year, the tentative budgetary requirement for the subsidy will be ₹ 41,533.81 crore. "This is approximately ₹4,317 crore more than the budgetary requirement for kharif 2025 sea ...Read More >
External affairs minister S Jaishankar will visit Mauritius and the United Arab Emirates (UAE) this week to bolster bilateral relations. Jaishankar will travel to Mauritius on April 9-10 to participate in the Indian Ocean Conference and deliver the keynote address, the external affairs ministry said on Wednesday. Jaishankar will meet the leadership of Mauritius and review the entire spectrum of bilateral ties. He is also expected to hold discussions with counterparts from other participating n ...Read More >
New Delhi, April 8: India on Wednesday welcomed a two-week ceasefire between the US and Iran and called for "de-escalation, dialogue and diplomacy" to ensure lasting peace in West Asia. New Delhi also expected unimpeded freedom of navigation and global flow of commerce through the Strait of Hormuz, the strategically key waterway between the Persian Gulf and the Gulf of Oman that handles roughly 20 per cent of global oil and LNG (Liquefied Natural Gas). "We welcome the ceasefire reached and hop ...Read More >
NEW DELHI, April 8: The Congress on Wednesday criticized Prime Minister Narendra Modi over India's absence from the US-Iran ceasefire, describing Pakistan's role in brokering the deal as a "severe setback" to Modi's "highly personalised diplomacy." The opposition questioned why India, despite Modi's claims of strong ties with the US, Israel, Iran, and Gulf nations, as well as holding the BRICS+ presidency, was not involved in the negotiations. Congress general secretary Jairam Ramesh highlighte ...Read More >
Mumbai: The ministry of petroleum and natural gas on Wednesday identified 18 vessels trapped in war-torn Persian Gulf for speedy evacuation. According to the report submitted by directorate of shipping in Mumbai, five of these 18 vessels are Indian-flagged. These 18 vessels include four LPG carriers, three LNG carriers and 11 crude oil tankers. As per the report the ministry of ports, shipping & waterways (MoPSW), directorate of naval operations (DNO), the ministry of petroleum and natural gas ...Read More >
New Delhi: Lashing out at the government, the Congress on Wednesday (April 8) said that Pakistan's role in bringing about the ceasefire between the United States and Iran constitutes a "serious setback" to Prime Minister Narendra Modi's "highly personalized diplomacy" and that "the so-called Vishwaguru is completely exposed". The opposition party also said that "Prime Minister Modi's cowardice is demonstrated by his silence not only on Israel's belligerence, but also on the totally unacceptable ...Read More >
New Delhi [India], April 8 (ANI): The Ministry of Petroleum, in a press conference on Wednesday, said that there is sufficient availability of Liquefied Petroleum Gas and other fuels such as petrol and diesel despite tensions in West Asia, and the government has ensured consistent supply throughout the crisis by prioritising domestic consumers for the supply of LPG. During the inter-ministerial briefing, Sujata Sharma, General Secretary, Ministry of Petroleum and Natural Gas, added that commerc ...Read More >
New Delhi: The government announced on Wednesday that, based on available inventory and scheduled LNG cargo arrivals, the overall gas allocation to fertiliser plants is being further enhanced by 5 per cent to reach approximately 95 per cent of their six-month average consumption, with effect from April 9. The announcement comes in the wake of the ceasefire between the US and Israel, which is expected to open up the Strait of Hormuz for ships stranded in the Persian Gulf to sail through with the ...Read More >
New Delhi, Apr 8 (PTI) India on Wednesday welcomed the two-week ceasefire between the US and Iran and called for unimpeded freedom of navigation and flow of commerce through the Strait of Hormuz, while hoping that lasting peace will return to West Asia. New Delhi said it continuously advocated that dialogue and diplomacy are essential to bring an early end to the hostilities. The conflict was triggered by US-Israeli strikes against Iran on February 28. India's reaction came hours after Iran an ...Read More >
MUMBAI: Amid a fragile truce in West Asia, Reserve Bank of India Governor Sanjay Malhotra has said the central bank does not expect any immediate disruption to remittance flows due to the Iran war, and indicated that post-war reconstruction demand could, in fact, support inflows. "We are not anticipating a dent to remittances if the crisis is going to be resolved very soon," Malhotra said when asked about the potential impact of the conflict. West Asia, led by the six GCC countries, remains the ...Read More >
New Delhi [India], April 8 (ANI): Additional Secretary in the Ministry of Ports, Shipping and Waterways Mukesh Mangal, on Wednesday, said that all Indian seafarers in West Asia remain safe and maritime operations continue without disruption. He addressed a media briefing in the national capital, outlining key initiatives and developments undertaken by the Ministry of Shipping. Also Read | Assembly Elections 2026: Over 6.1 Crore Voters to Decide Fate of 296 Seats on April 9 Across Assam, Kerala ...Read More >
New Delhi, Apr 8 (PTI) Taking a swipe at the government, the Congress on Wednesday said the role played by Pakistan in bringing about the ceasefire between the US-Israel and Iran is a "severe setback" to Prime Minister Narendra Modi's "highly personalised diplomacy" and asked what happened to "papa ne war rukwa di". The opposition party also asked why Modi, who claims very special friendship with the US, Israel, Iran, and the Gulf countries and who also holds the BRICS plus presidency this year ...Read More >
NEW DELHI: India on Wednesday welcomed a two-week ceasefire between the US and Iran and called for "de-escalation, dialogue and diplomacy" to ensure lasting peace in West Asia. New Delhi also expected unimpeded freedom of navigation and global flow of commerce through the Strait of Hormuz, the strategically key waterway between the Persian Gulf and the Gulf of Oman that handles roughly 20 per cent of global oil and LNG (Liquefied Natural Gas). "We welcome the ceasefire reached and hope that it ...Read More >
New Delhi, Apr 8 (PTI) Aviation stocks ended sharply higher on Wednesday following a steep decline in crude oil prices after the US and Iran announced a two-week ceasefire. Easing of geopolitical stress led to a sharp fall in Brent crude oil prices, which tumbled 14.12 per cent to USD 93.95 per barrel. InterGlobe Aviation, the parent firm of IndiGo, jumped 8.16 per cent to settle at Rs 4,616.60 on the BSE. During the day, it zoomed 10.98 per cent to Rs 4,737.40. The stock of SpiceJet climbed ...Read More >
An Iran-bound crude shipment that was initially headed for India changed course mid-voyage and began moving towards China, sparking speculation that payment issues or sanctions-related hurdles may have forced the diversion. Now, the ministry of petroleum and natural gas stepped in to clarify that there are no payment problems calling such claims "factually incorrect." The reports of a possible fallout came after ship-tracking firm Kpler said that the Aframax tanker Ping Shun -- which had initia ...Read More >
Iran's Supreme Leader's Representative further noted that the world must come together in urging US to stop the war because of the suffering at various fronts. Iran's Supreme Leader's Representative in India responded to US President Donald Trump's sharp remarks on Monday saying it was a "big mistake" to start the Iran war, which has had wide-ranging repercussions. He also called on the world leaders to come together and urge POTUS to stop the war. His remarks came hours after Trump issued a s ...Read More >
State-owned refiner Indian Oil Corp. has purchased a cargo of Iranian oil which would be the country's first such delivery since 2019, according to people familiar with the matter, as weeks of war in the Persian Gulf upend the energy trade. India's largest refiner is expected to to take delivery of the Middle Eastern volumes this week, the people said, without providing details of the vessel or the payment mechanism. The people asked not to be named due to the sensitivity of the matter. IOC di ...Read More >
India is set to receive its first Iranian crude oil shipment in seven years after temporary US sanctions relief, a report has claimed. India is poised to receive its first shipment of crude oil from Iran in seven years after the United States temporarily lifted sanctions on Iranian oil and refined products to address supply shortages, according to a Reuters report citing ship tracking data from LSEG and Kpler. State-run Indian Oil Corp (IOC), the country's largest refiner, has purchased the ca ...Read More >
New Delhi, Apr 8 (PTI) The announcement of a ceasefire, between the US and Iran, along with the reopening of the Strait of Hormuz, will provide immediate relief to exporters by easing shipping disruptions, FIEO said on Wednesday. US President Donald Trump announced a two-week suspension of military strikes against Iran. Iran agreed to allow safe navigation through the Strait of Hormuz during the ceasefire, triggering sweeping market moves across oil, equities and currencies. "The ceasefire an ...Read More >
New Delhi, Apr 8 (PTI) Taking a swipe at the government, the Congress on Wednesday said the role played by Pakistan in bringing about the ceasefire between the US and Iran is a "severe setback" to Prime Minister Narendra Modi's "highly personalised diplomacy" and the "self-styled Vishwaguru" stands thoroughly exposed. The opposition party also said Prime Minister Modi's "cowardice is demonstrated by his silence not only on Israel's belligerence, but on the completely unacceptable and disgracefu ...Read More >
New Delhi: The announcement of a ceasefire, between the US and Iran, along with the reopening of the Strait of Hormuz, will provide immediate relief to exporters by easing shipping disruptions, FIEO said on Wednesday. US President Donald Trump announced a two-week suspension of military strikes against Iran. Iran agreed to allow safe navigation through the Strait of Hormuz during the ceasefire, triggering sweeping market moves across oil, equities and currencies. "The ceasefire and reopening o ...Read More >
New Delhi: India and Bangladesh are expected to set the tone for a bilateral framework of their relationship during the talks today and set the ball rolling to rebuild trust that had plummeted following the downfall of the Sheikh Hasina government. Khalilur Rahman, who is visiting India for the first time as foreign minister of the newly formed government led by Prime Minister Tarique Rahman, will hold meetings with Minister of External Affairs S Jaishankar, Minister of Commerce & Industry Piyu ...Read More >
BENGALURU, April 8 : The Bank of Korea will keep its key interest rate unchanged at 2.50 per cent on Thursday and for the rest of the year, a Reuters poll forecast, as policymakers assess the impact of the Iran war on domestic cost pressures. Since the start of the U.S.-Israeli strikes on Iran, oil prices have increased over 50 per cent, raising risks to both growth and inflation. South Korea is the world's fourth-largest importer of oil with around 70 per cent coming from the Gulf region. At ...Read More >
NEW DELHI: The total number of flights cancelled by Indian carriers since the beginning of the West Asia crisis has crossed 10,000, Asanga Chuba, Joint Secretary, Civil Aviation Ministry, said on Tuesday. The number of flights operated per day have reduced drastically, he explained. Responding to a query during an Inter Ministerial briefing on the West Asia crisis, Chuba said, "On an average, Indian carriers operate between 300 and 350 flights per day between India and the Gulf Region and today ...Read More >
Indian Energy Lifeline: Green Asha Exit Conflict-Torn Strait of Hormuz Tuesday, April 07, 2026 by Indian Defence News The Indian-flagged liquefied petroleum gas tanker Green Asha successfully navigated the Strait of Hormuz on Sunday, 5 April 2026. The vessel is expected to reach India within the next 24 to 36 hours. The vessel is currently transporting 15,400 tonnes of LPG, marking it as the eighth Indian-flagged carrier to exit the strategic waterway since it was virtually closed by Iran. Th ...Read More >
Wayanad (Kerala), Apr 7 (PTI) Congress leader Priyanka Gandhi on Tuesday lashed out at Prime Minister Narendra Modi and Kerala CM Pinarayi Vijayan, accusing them of having no plan for the safety of Indians working in West Asia or for their return, amidst the conflict. Priyanka, Wayanad MP, also accused the PM of "attacking minorities" through the amendments sought to be made in the Foreign Contribution (Regulation) Act (FCRA) and claimed that it would force many charities and Christian organisa ...Read More >
NEW DELHI, April 7 (Reuters) - India is planning sovereign guarantees to support insurers that provide cover for vessels travelling in the Persian Gulf, as the Middle East war increases the risks to shipping, said government and industry sources familiar with the matter. The plan includes a $1.5 billion sovereign guarantee fund to provide insurers with reinsurance support and liquidity should insurance costs remain high, said one government source. A separate $300 million fund with contributio ...Read More >
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