Energy Crisis
Crude Oil Prices Jump as US-Iran Conflict Cost Hits $29 Billion Mark
Global oil markets remain volatile as the Pentagon reveals surging military expenditures and Iran’s oil exports face a 28-day standstill amid an ongoing naval blockade in the strategic Strait of Hormuz.
Lockdown Rumours Completely False, India Holds 60-Day Crude Reserve, Zero Fuel Shortage: Hardeep Puri
Union Petroleum Minister dismisses hoarding panic, confirms ramped-up LPG production to 54,000 tonnes daily, and states high crude prices are causing OMC losses but supply remains uninterrupted.
