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India will consider resuming buying Iranian oil based on techno-commercial feasibility, a senior government official said after Washington temporarily removed sanctions to ease pressure on prices that followed the US-Israeli war on Iran. Historically, India was a major buyer of Iranian crude, importing significant volumes of Iranian Light and Heavy grades due to strong refinery compatibility and favourable commercial terms. Following sanctions tightening in 2018, imports ceased from May 2019, with volumes replaced by Middle Eastern, US and other grades. At peak, Iranian crude accounted for 11.5 per cent of India's total imports. At a news briefing on developments in West Asia, Sujata Sharma, Joint Secretary in the Ministry of Petroleum and Natural Gas, said techno-commercial feasibility will drive the decision on resuming buying Iranian crude. "It is based on techno-commercial feasibility," she said. Over the weekend, the US waived sanctions on the purchase of Iranian oil at sea fo
The Centre has directed states to prevent small coal retailers from profiteering from the West Asia crisis, as global energy disruptions threaten to ripple into domestic fuel markets. Talking with reporters on the sidelines of an event here, Coal and Mines Minister G Kishan Reddy said, "Our secretary (coal) has talked to Chief Secretaries of all states. I have written letters to Chief Ministers yesterday. There is no coal shortage and there is no scope for an increase in domestic coal prices". The minister further said that if coal prices increase, it is the responsibility of the state governments to take action. "We have asked states to keep an eye on coal prices and not let the retailers of coal profit from the ongoing crisis.. The Prime Minister has clearly instructed that coal prices should not increase, and therefore the government has taken proactive measures. "No decision has been taken on increasing coal prices. Coal prices should not increase," the minister explained. Th
Iran's Natanz nuclear facility was hit Saturday in an airstrike, the official Iranian news agency Mizan reported. There was no radiation leakage, it said. Natanz, Iran's main enrichment site, was hit in the first week of the war and several buildings appeared damaged, according to satellite images. The United Nations' nuclear watchdog said that "no radiological consequence" was expected from that earlier strike. The nuclear facility, located nearly 220 kilometers (135 miles) southeast of Tehran, had been targeted by Israeli airstrikes in the 12-day war between Iran and Israel in June 2025, and by the United States.
The UAE has assured India that the safety of Indians living in the Gulf country is its "priority", stressing that they are protected and treated like family, especially amid the ongoing conflict in West Asia which has seen the emirate facing attacks from Iran. UAE Ambassador to India Abdulnasser Alshaali also hailed India's move to co-sponsor a UN resolution that condemned Iran's attacks against Gulf countries, saying it was a statement of principle from a country that the UAE considers a strategic partner and friend, at a moment when it mattered most. The UAE will remember that India was among those "who stood with us first", he said. "The safety of Indian nationals in the UAE is a priority. They are protected and are treated as family, including the 200 nationalities living in the country in peace and harmony," Alshaali told PTI Videos. He said that UAE President Sheikh Mohamed bin Zayed Al Nahyan visited five injured civilians in the hospital: two Emiratis, one Indian, one Sudane
Twenty-two countries on Saturday urged Iran to cease attacks and reopen the Strait of Hormuz. Countries including the United Arab Emirates, Bahrain, the UK, Germany, France, Japan, South Korea and Australia have condemned Iran's attacks on commercial vessels as well as oil and gas facilities in the region. "The effects of Iran's actions will be felt by people in all parts of the world, especially the most vulnerable," they said in a joint statement Saturday.
Fertiliser companies have purchased additional natural gas from the spot market to ramp up urea production at their plants, which are operating well below capacity due to a fuel shortage amid the West Asia crisis, a senior government official said on Thursday. After the procurement of additional natural gas, urea plants are expected to operate at 78-80 per cent capacity compared to 62 per cent currently. India produced 306.67 lakh tonnes of urea in 2024-25 and imported 56.47 lakh tonnes of the nutrient to meet the domestic demand. The country has imported 98 lakh tonnes of urea in the first eleven months of this fiscal. Fertiliser plants in the country require about 52 million metric standard cubic metres per day (MMSCMD) of natural gas to operate at full capacity, but were receiving only around 32 MMSCMD, meeting barely 62 per cent of their requirement, resulting in a significant shortfall in urea output, the official told PTI. To address this, a spot auction was conducted by the
US stocks are sinking Wednesday after another climb for oil prices raised worries about inflation, which may have been primed to worsen even before the war with Iran began. The S&P 500 fell 0.5 per cent and was on track for its first loss this week. The Dow Jones Industrial Average was down 377 points, or 0.8 per cent, as of 11 am. Eastern time, and the Nasdaq composite was 0.5 per cent lower. Stocks fell under the pressure of a 6.2 per cent climb for the price of a barrel of Brent crude, the international standard, to USD 109.84. Benchmark US oil rose 2.3 per cent to USD 97.70 per barrel. Oil and natural gas prices have been spiking since the war began because of disruptions to the Persian Gulf's energy industry. Iran's state television said Wednesday that the Islamic Republic would be attacking oil and gas infrastructure in Qatar, Saudi Arabia and the United Arab Emirates after an attack on facilities associated with its offshore South Pars natural gas field. If the disruptions .
Japanese Prime Minister Sanae Takaichi is travelling Wednesday to the United States for what she expects to be a "very difficult" meeting with US President Donald Trump after he called on Japan and other allies to send warships to secure the Strait of Hormuz. The three-day visit to Washington was originally expected to focus on trade and strengthening the US-Japanese alliance as China's influence grows in Asia. It is now expected to be overshadowed by the war the United States and Israel launched against Iran on February 28. "I think the US visit will be a very difficult one, but I will do everything to maximise our national interest and to protect the daily lives of the people when the situation changes daily," Takaichi told parliament on Wednesday, hours before her departure. Takaichi held her first meeting with Trump in October in Tokyo, days after becoming Japan's first female prime minister. A hard-line conservative, Takaichi is a protege of former leader Shinzo Abe, who ...