Oil prices continued their decline as the US-Iran memorandum of understanding raised hopes for reopening the Strait of Hormuz and restoring normal energy flows.
Tag: Crude
Brent Crude Falls Below $77 a Barrel as US-Iran Peace Deal Progresses
Oil prices continued easing following the US-Iran memorandum of understanding, with WTI also trading under $73; Trump demanded gasoline prices drop faster.
India Monitors Crude Oil Prices as Geopolitical Developments in West Asia Impact Energy Supply
The government and RBI are watching oil markets closely as any escalation or de-escalation in the Iran situation directly affects India’s import bill.
India’s Crude Oil Imports from Russia Rise to 2.66 Million Barrels Per Day in June Surpassing May
India continues to be one of the world’s largest buyers of discounted Russian crude with June import volumes significantly exceeding the previous month’s figure.
India’s Crude Oil Import Bill Rose Sharply in May as Energy Prices Spiked
Higher global oil prices driven by Middle East supply disruption outweighed stable import volumes raising India’s energy import costs significantly in May 2026.
WTO Data: 95% Drop in Crude Oil Shipments Through Hormuz Since Iran Conflict Began
World Trade Organization data highlights an almost complete halt to oil and LNG traffic through the world’s most critical energy chokepoint.
India’s Crude Oil Imports from Russia Hit 2.66 Million Barrels Per Day in June
India continues to be one of the largest buyers of discounted Russian crude with June volumes significantly above May’s 1.91 million bpd.
Petrol Diesel Prices Hiked Again Across India as Crude Falls to $85.6 Per Barrel
Despite global crude oil prices falling fuel prices continued rising in India due to rupee depreciation and taxes.
Crude Oil Price Softening Helps Indian Markets Recover from Early Volatility on May 20
A dip in global crude oil prices provided relief for Indian equity markets which were under pressure due to Middle East tensions