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PetroChina, Indian Oil fail to secure tankers to load Iraqi crude
PetroChina and Indian Oil faced difficulties securing tankers for Iraqi crude. PetroChina and Indian Oil Corp could not find vessels. Sinochem is searching for a tanker. High shipping rates and transit concerns persist. This follows an interim deal between the United States and Iran. Indian Oil Corp declared force majeure on a cargo.
Father Of Sailor Killed In Gulf Strike Appeals To Modi For Greater Protection Of Indian Seafarers
Tankers and cargo vessels are seen in the Gulf of Oman, along shipping routes linking the Strait of Hormuz and the Arabian Sea, on June 16.
Crude Oil Prices On June 18: Brent Continues Retreat To $78 After Trump Signs US-Iran Deal
Markets are now shifting their focus from geopolitical risks to the pace at which oil exports and shipping activity can recover across the Persian Gulf.
Deal done, but don't count on cheap Oil yet; cautions Mirae Asset Sharekhan
Shipping data firm Kpler estimates that daily transits may rise to around 40 vessels within the first month - less than half the pre-war average of 100, says Mohammed Imran, of Mirae Asset Sharekhan.
Here's how oil sensitive stocks could react to reopening of Strait of Hormuz, Nomura explains
Nomura said state-run oil marketing companies (OMCs), city gas distribution (CGD) players and Petronet LNG are likely to be among the biggest beneficiaries if shipping through the strategically important waterway normalises.
Ashok Leyland, Tata Motors and other CV stocks soar up to 9%. What’s triggering the surge?
US and Iran have reached an initial peace agreement to end their nearly four-month conflict, restore shipping through the Strait of Hormuz, and ease global energy disruptions. The deal, to be signed in Switzerland on June 19, also covers broader regional issues including Lebanon. This development has boosted market sentiment as oil supply concerns begin to ease.
Dollar index retreats amid reduced safe haven demand as Trump signals peace agreement with Iran
Dollar index is trading mildly lower on Friday, weighed down by reduced safe-haven demand as President Donald Trump said a peace agreement with Iran could be signed as soon as this weekend. According to Trump, the agreement would safely reopen shipping lanes through the critical Strait of Hormuz and include firm commitments from Iran to forgo the development of nuclear weapons, media reports stated. Sharp drop in oil prices amid improving optimism of a peace deal could ease concerns about stubborn inflation and the need for interest rate hikes in near futures is adding pressure on the greenback. The yield on the US 10-year Treasury note hovered around 4.47% on Friday. At the time of writing, DXY that measures the greenback against a basket of currencies is quoting at 99.55 after having hit 100 at the start of the week. For the week, DXY is down around half a percent.
Brazil ready to ramp up crude supplies to India as Iran war disrupts gulf flows
Brazil is ready to increase oil supplies to India. This comes as India seeks to diversify its crude sources due to shipping issues. Brazil's oil exports to India have already doubled. India is also considering investments in Brazil's offshore oil blocks. Brazil wants Indian investment in its refining sector in return for more crude.
From trickle to torrent: Hormuz reopening may trigger a global oil flood
The reopening of the Strait of Hormuz could trigger a faster-than-expected recovery in global oil supplies. With tankers already positioned near the Gulf and oil infrastructure largely preserved during the shutdown, producers are expected to ramp up output quickly once shipping resumes. Industry experts believe a significant portion of the region's production capacity could return within days or weeks, helping restore market balance and easing concerns about prolonged supply disruptions.
Trade Setup for June 1: Nifty hovers around key supports with RBI Policy the next major trigger
Investors will closely track the RBI's monetary policy decision next week, along with developments in US-Iran negotiations, crude oil price movements and shipping activity through the Strait of Hormuz.
Oil prices slips as Iran-US ceasefire extension talks ease Hormuz disruption fears
Crude prices fall after reports of a proposed 60-day ceasefire extension and possible easing of shipping restrictions through the Strait of Hormuz, even as US-Iran tensions remain unresolved.
Vizhinjam International Seaport Crosses 2 Million TEUs In 18 Months, Fastest For Any Indian Port
The achievement reinforces Vizhinjam's emergence as a globally competitive deep-water transshipment hub and reflects rising confidence among leading global shipping lines in the port's infrastructure, efficiency and strategic location.