US Secretary of State Marco Rubio met Indian Prime Minister Narendra Modi as rising global energy tensions topped talks. Marco Rubio held talks with Narendra Modi during a four-day visit to India focused on energy security, trade, and regional stability. The meeting comes as the ongoing Iran conflict continues to disrupt global oil supplies through…
Newly empowered government moves quickly to ease pressure on households. Canadian Prime Minister Mark Carney has suspended the country’s federal fuel tax in his first major policy move after securing a parliamentary majority, citing rising global oil prices linked to the Iran conflict. Carney announced that the federal fuel excise tax will be paused from…
Seoul moves fast to shield energy supply from global tensions. South Korea has secured more than 270 million barrels of crude oil from suppliers unaffected by the U.S. blockade of the Strait of Hormuz, ensuring stable energy supply despite rising geopolitical risks. The announcement was made by Kang Hoon-sik, Chief of Staff to the president,…
A sanctioned vessel exits strategic waters, raising questions over enforcement. A U.S.-sanctioned tanker linked to China has exited the Strait of Hormuz without interception, testing the effectiveness of the blockade ordered by Donald Trump. The vessel, identified as the Rich Starry, reportedly sailed out of the strait early Tuesday after initially appearing to reverse course…
The world’s most critical oil route remains blocked — and the clock has run out. Oil prices climbed sharply as Trump’s Strait of Hormuz deadline expired with Iran showing no sign of backing down. WTI crude futures surged past $115 per barrel while Brent rose to $111.43. Trump’s Ultimatum And Iran’s Rejection Trump threatened to…
