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Sunday, March 15, 2026
TopicCrude oil

Topic: crude oil

US strike on Iran’s key oil export island Kharg raises fears of wider supply disruption

President Trump said the US had bombed military targets on Kharg Island in the Persian Gulf, but spared oil infrastructure.

Govt says crude supply stable as 70% coming from routes outside Hormuz, helpline up for Indians in Gulf

Inter-ministerial team said India’s oil supply chain remains intact due to diversified imports; MEA sets up control room and shipping authorities monitoring Indian vessels in the Gulf. 

Global media spotlights Reliance’s Texas refinery; says India has much to lose from world in chaos

Also, The Economist examines if India’s ‘balancing act’ amid chaos offers it autonomy, or does it suggest it is ‘dangerously dependent on lots of different places at once’.

Russian crude never left India’s import mix. It made up 1/3rd of oil imports from 2024 to 2026

After dominating India’s crude imports since 2023, Russian supplies slowed amid US sanctions, but a 30-day ‘waiver’ amid West Asia tensions could now push flows back towards 2 mbpd.

Oil in a day’s work: US, Venezuela finally restore diplomatic relations after Maduro capture

Trump’s Secy of the Interior Doug Burgum announces resumption of diplomatic relations with interim leader Rodríguez, unlocking new oil & mineral wealth even as Iran conflict continues.

West Asia supply hit, US ‘allows’ 30-day waiver to India for purchase of Russian oil stranded at sea

US Treasury Secretary Scott Bessent stated that ‘stop-gap measure will alleviate pressure caused by Iran’s attempt to take global energy hostage’.

India has options beyond choked Strait of Hormuz. But conditions apply

Nearly 50% of India’s crude imports are exposed to the chokepoint. So far this year, India has imported an average of 2.6 million barrels per day (mbpd) from Gulf countries.

US has to reopen the Strait of Hormuz as soon as possible

American military doesn’t have weeks to do so — only days. The waterway is world’s most important oil chokepoint, transporting about 20% of world’s crude & refined petroleum products.

Russian buffer for crude, but India’s LPG imports vulnerable as Iran conflict chokes Strait of Hormuz

India imports roughly 80–85% of its LPG requirements, with bulk sourced from Gulf suppliers, almost all of it coming through the Strait of Hormuz.

Howzat U-turn & Make Minnesota Safe Again

The selected cartoons appeared first in other publications, either in print, online, or on social media, and are credited appropriately. Also Read: Nuances, complexities &...

On Camera

Gulf conflict pushes Dubai diamond traders to eye Surat for rough stone auctions. But there are hurdles

Industry leaders say India’s complicated customs process and GST levies are deterrents for traders to come to Surat for auctions.

Supreme Leader Mojtaba, the man Iran must keep alive & the secret force ‘tasked with it’—all about NOPO

The Nirouyeh Vijeh Pasdaran Velayat, or NOPO, was the only force Ali Khamenei trusted.It was founded in 1991 and is more feared than the Revolutionary Guards.

Peaceful power transfers followed uprisings in India’s neighbourhood. It’s a sign of mature democracies

Rating democracies is a tricky business. I am only using the simple metric of who in the Indian subcontinent has had the most peaceful, stable, normal political transitions and continuity.