This rebalancing is driven mainly by cost advantages and alternative transport routes that bypass the volatile Strait of Hormuz.

Americans may have heard reports of Iran considering closing access to the Strait of Hormuz. The Strait provides the only route from the Persian Gulf to the open ocean.

India's oil and gas industry is adapting to international dynamics, highlighted by increased Russian oil imports and reduced ...

While the US is threatening sanctions and higher tariffs against countries trading with Russia, the value of India’s crude ...

U.S. Treasury Secretary Scott Bessent acknowledges China's position on oil purchases but suggests an overall trade deal ...

"If the U.S. is bent on imposing tariffs, China will fight to the end, and this is China's consistent official stance," said ...

Assuring Indians of adequate energy supplies even during geopolitical turbulence, he said during the recent Middle East conflict and concerns of a blockade of the Strait of Hormuz, Indian state ...

Energy prices – along with other globally traded commodities, equities, and currencies – were more volatile in 2Q25 amid ...

Hardline Iranian lawmaker Esmail Kosari said any closure of the Strait of Hormuz was still under review but no decision has yet been made, in comments carried by Iran's state media on Monday.