India will not automatically face tariffs if the legislation becomes law. The US Senate on Friday passed the Lindsey O. Graham Sanctioning Russia and Iran Act of 2026, a sweeping bipartisan sanctions package aimed at tightening economic pressure on Moscow and Tehran while targeting countries that continue to finance Russia’s war effort through energy purchases.Read…
Samudra Manthan scheme expected to add over 600 MMTOE of reserves and will be implemented through FY 2030-31. (Representative image) On August 15, 2025, Prime Minister Narendra Modi spoke of energy security, announcing the National Deep Water Exploration Mission. “To make the country developed, we are now moving towards ‘Samudra Manthan’ (churning of the ocean)….
The collapse of the US-Iran ceasefire has put India back on alert, with Tehran shutting the Strait of Hormuz – the route through which a large share of the world’s oil and much of India’s LPG imports pass. As Washington launched fresh strikes on Iran and Gulf countries activated air defences, New Delhi now faces…
India’s state-owned oil refining giants stepped up crude purchases last week, securing millions of barrels through separate tenders. According to sources cited by Reuters, Indian Oil Corp (IOC) and Hindustan Petroleum Corp (HPCL) together bought around 7 million barrels of crude, with the cargoes scheduled for delivery over the coming months.IOC accounted for 5 million…
Just like the SPR creates storage reserves, there is now a need to create another SPR- Strategic Pricing Reserves. (AI image) By Col Rajeev Agarwal (Retired), Senior Research Consultant, CRFWith the signing of the MoU by President Trump and President Pezeshkian on 16 June and the operationalisation of the Roadmap of 60 days, there is…
Guwahati: All Assam Motor Transport Association (AAMTA) has written to the commissioner of transport, urging a minimum 70% hike in public transport fares, citing the recent petrol and diesel price hikes.The fare was revised in 2019, with state govt approving a 25% fare increase. The association said diesel prices have increased by over 45% since…
Show Quick Read Key points generated by AI, verified by newsroom US encouraged India to buy Russian oil in 2022. European crude purchases redirected India towards more Russian oil. India prioritizes national energy security, rejecting geopolitical alignment claims. Jaishankar challenged European criticism, highlighting their continued weapons sales. India’s External Affairs Minister S Jaishankar has mounted…
Petrol and diesel prices were increased again on Saturday, marking the third hike in less than 10 days as global crude oil prices continue to surge amid the ongoing West Asia conflict and disruptions around the Strait of Hormuz.Petrol prices were raised by up to 87 paise per litre, while diesel prices increased by as…
