US is the biggest threat to peace in the world, Iranian Foreign Ministry spokeman Esmail Baghaei said on Monday. "This rhetoric does not change the fact that the US has placed itself in the position of the biggest threat to international peace and security," Baghaei said. Other StatementsIran maint»»»

The U.S. extension of the ceasefire with Iran has done little to restore oil and gas flows through the Strait of Hormuz, with Barclays warning that the scale of disruption remains significantly underpriced in both oil futures and energy equities. Analyst Lydia Rainforth stated in a note to clients »»»

Afghan Voice Agency (AVA): The British magazine The Economist has stated in a report that despite the relative reduction in tensions in the oil markets after the ceasefire between the US and the Islamic Republic of Iran, this calm is temporary and deceptive. The report states that the price of Bren»»»

Thailand has reportedly maintained oil reserves sufficient for 109 days of consumption, even as renewed tensions in the Middle East add a fresh layer of unease to global energy markets and contribute to concerns over supply disruptions. ... »»»

Measure will see 10 cents on a litre of gas, 4 cents on litre of diesel removed starting Monday. Début du widget . Passer le widget?Fin du widget . Retour au début du widget?A day after sweeping three byelections in Ontario and Quebec that gave him a majority in the House of Commons, Prime Minister»»»

A day after sweeping three byelections in Ontario and Quebec that gave him a majority in the House of Commons, Prime Minister Mark Carney will try to give voters a reason to be reassured with the rising cost of living Tuesday by announcing new affordability measures. According to a senior governmen»»»

There will be no “mass exodus” of ships through the strait of Hormuz, according to shipping analysts, despite the agreement of a two-week conditional ceasefire between the US and Iran and provisions for a temporary reopening of the crucial maritime channel. The ceasefire agreement “doesn’t change t»»»

New Delhi [India], April 8 (ANI): Additional Secretary in the Ministry of Ports, Shipping and Waterways Mukesh Mangal, on Wednesday, said that all Indian seafarers in West Asia remain safe and maritime operations continue without disruption.He addressed a media briefing in the national capital, out»»»

India's energy outlook improves as a ceasefire between Iran and the US brings down crude oil prices. The critical Strait of Hormuz is reopening, easing concerns over energy imports. India had faced supply disruptions for LPG and natural gas. Efforts are underway to free stranded Indian vessels. New»»»

Oil prices plunged below USD 100 a barrel and Asia markets and US stock futures jumped after the US and Iran agreed to a two-week ceasefire that includes the reopening of the Strait of Hormuz. Japan's benchmark Nikkei 225 rose 4.8% and South Korea's Kospi gained 5.6%. Futures for the S&P 500 advanc»»»

Eleven countries voted in favour of the draft, which was vetoed by permanent members China and Russia while Colombia and Pakistan abstained. The draft resolution sought to strongly encourage States interested in the use of commercial maritime routes in the Strait of Hormuz – which lies between Iran»»»

Add TNIE As A Trusted Source Amid energy supply constraints due to the ongoing West Asia conflict, domestic oil refiners are planning to postpone annual maintenance shutdowns of their units to avoid hampering domestic production of LPG, petrol, and diesel. According to Sujata Sharma, Joint Secretar»»»

Two more Indian-flagged LPG tankers have safely crossed the conflict-hit Strait of Hormuz and are headed towards Indian ports, even as 16 vessels remain stranded in the Persian Gulf, officials said on Monday, according to PTI.LPG vessel Green Sanvi, carrying 46,650 tonnes of cargo, is scheduled to »»»