Tag: oil trade

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US, Iran Move Closer to Peace Deal as Hormuz Reopening and Nuclear Talks Take Centre Stage

A formal agreement aimed at ending the prolonged conflict between the United States and Iran could be signed as early as Sunday, according to statements from US President Donald Trump and officials involved in mediation efforts. However, Iran has indicated that some issues still need to be resolved before a final agreement can be reached.

Is India’s LPG Supply At Risk Amid Strait Of Hormuz Tensions?

The escalation of tensions involving Iran, the United States and Israel has sparked concerns over global energy supplies, particularly after restrictions were imposed around the Strait of Hormuz, a key route for nearly one-fifth of the world's oil and natural gas trade.