Kuwait revenues slip, Iraq exports hit, Saudi gains windfall: How Hormuz blockade is reshaping Gulf oil fortunes

The Middle East conflict, now in its sixth week, continues to send shockwaves across the world. From energy supply disruptions to rising fuel prices, several countries are being forced into emergency measures such as work-from-home policies and cost hikes. Meanwhile, the Gulf region is witnessing a split oil reality! While for some producers, soaring crude…

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12 million barrels of crude! India ramps up Venezuela oil imports to 6-year high amid US-Iran war, Hormuz crisis

India is actively looking to offset supply disruptions from the Middle East caused by the Iran conflict. (AI image) Amid the raging US-Israel-Iran war, India is set to get high volumes of crude oil from Venezuela as the Strait of Hormuz supply disruptions continue. Shipping data quoted by Kpler indicates that over 12 million barrels…

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Air India revises fuel surcharge amid energy crunch; here’s how much more you will pay

Aviation giant Air India group on Tuesday revised its fuel surcharge across domestic and international routes, as Middle East tensions continued to weigh oil supplies across the globe. The move follows the decision by the ministry of petroleum & natural gas and the ministry of civil aviation to cap the increase in domestic aviation turbine…

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Amid US-Iran war, India in talks with Trump administration for Chabahar port sanctions waiver; why it’s important

India had obtained a six-month exemption from US sanctions for the Chabahar Port in October 2025. India’s strategic investment in Iran’s Chabahar Port is back in focus as the sanctions waiver granted by the US comes to an end soon. India is in discussions with both the United States and Iran to protect its strategic…

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No personal oral hearing needed before labelling bank accounts as fraud: SC | India News

The Supreme Court, on Tuesday, issued a decision regarding the classification of bank accounts as fraud. The apex court ordered that banks are not obligated to grant customers a personal oral hearing before declaring their accounts as fraud. However, prior to labelling them, banks must provide customers with a forensic audit report.The ruling follows submissions…

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Centre doubles 5kg cylinder allocation to states as Iran war squeezes LPG supply; focus on migrant workers

The Centre took another step towards easing availability of fuel for migrant workers across the country, doubling the allocation of 5-kg Free Trade LPG (FTL) cylinders to states. In a notification issued late Monday, the ministry of petroleum and natural gas informed that the the move is based on the average daily supply to migrant…

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