As a consequence, India's reliance on crude oil shifted more heavily towards Russia, whose share in India's oil imports increased from a mere 0.3 per cent in 2006-07 to almost 30 per cent in 2024-25.

Weeks after his country was battered by waves of Israeli strikes and the US bombed three of its prized nuclear facilities, ...

This file photo from around 1980 shows the Strait of Hormuz, a crucial sea link between the Persian Gulf oil-exporting nations and shipping lanes to oil-importing nations. (AP) By Madison Czopek ...

Shipping costs through the Strait of Hormuz are rising - even as oil prices are dropping. So what happens if Iran closes the waterway? Provided by Dow Jones Jun 23, 2025, 9:08:00 PM ...

U.S. energy independence helps shield American economy from Iran's threats to block the Strait of Hormuz, where one-fifth of global oil consumption and natural gas trade passes daily.

The U.S. and allies pressed Russia in the leadup to Moscow’s 2022 invasion of Ukraine with threats to its oil industry, and then followed through as many Western oil companies pulled out of the ...

Tanker operators in the Strait of Hormuz are facing higher shipping and insurance costs, despite a drop in oil prices, as investors wait to see what happens to the world’s most important crude ...