All posts tagged: global energy market

Strait of Hormuz closure halts traffic, global oil prices rise

Strait of Hormuz closure halts traffic, global oil prices rise

Published by Webster

Traffic through the Strait of Hormuz has come to a standstill after Iran seized two ships, including one bound for Kandla port in Gujarat, which has increased uncertainty over the movement of oil and gas as 20 per cent of the world’s energy exports transit through the waterway.  Disclaimer: We do not own any of the content, ideas, images, or text presented here. All rights belong to their respective owners. For more information and to view the original source, please visit the following link: Source link

Amid Escalating West Asia Crisis, Jaishankar Speaks With Saudi, UAE Counterparts | India News

Amid Escalating West Asia Crisis, Jaishankar Speaks With Saudi, UAE Counterparts | India News

Published by Webster

Last Updated:March 15, 2026, 20:12 IST External Affairs Minister S Jaishankar engaged with foreign ministers from Saudi Arabia, UAE on West Asia tensions and rising oil prices. File photo of External Affairs Minister Dr S Jaishankar | File Image External Affairs Minister S. Jaishankar has been in touch with several foreign ministers as tensions continue to rise in West Asia. In his latest outreach, Jaishankar spoke with Saudi Arabia’s Foreign Minister Faisal bin Farhan and UAE Deputy Prime Minister and Foreign Minister Sheikh Abdullah bin Zayed, discussing the evolving situation in the region. The conversations focused on recent developments linked to the ongoing conflict in West Asia and the wider regional implications. Jaishankar shared that both discussions involved an exchange of views on the current situation and its possible impact. Earlier on March 12, Jaishankar also spoke with Indonesia’s Foreign Minister Sugiono. In a message posted on social media, he said the two leaders discussed the conflict in West Asia and reviewed bilateral ties between India and Indonesia. Spoke last night to DPM & FM …