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'Vital to open Strait of Hormuz': Japan releases emergency oil reserves amid Israel-Iran conflict
Japan is releasing oil from its reserves to ensure supply stability. This action comes as conflicts in the Middle East disrupt shipping. International efforts are underway to secure the Strait of Hormuz. Allies are being asked to contribute naval assets. Some nations have declined, while others are considering their options. Global oil prices are rising.
European Stocks Erase Losses as Oil Slips Below $100 a Barrel
European stocks rose Friday as oil prices slipped below $100 a barrel, following news reports of an Indian tanker’s passage from the Strait of Hormuz, a key shipping artery that’s been effectively shut amid the Iran war.
Five Stocks To Watch: BSE, NTPC, BHEL, Petronet And GE Shipping | March 13, 2026
Top picks include stock exchange operator BSE, state-run power heavyweights NTPC and BHEL, energy player Petronet LNG, and shipping major Great Eastern Shipping (GE Shipping).
Buy or sell: Amid volatility in oil prices, Vaishali Parekh recommends three stocks to buy today — 13 March 2026
Buy or sell: Vaishali Parekh recommends three stocks to buy today — Shipping Corporation of India, NALCO, and ABB India
Iran Israel War: Two LNG cargoes headed to India, 70% of imports bypass Strait of Hormuz
India's crude oil supply is firmly established and secure. Government representatives have assured that nearly 70% of our imports are funneled through various alternative routes, safeguarding us from turbulence in Gulf shipping lanes. With a daily consumption rate of 55 lakh barrels, the government is strategically acquiring crude oil and LNG through these routes.
Higher input costs likely to erode chemical companies' profits
Rising US-Iran tensions are impacting Indian chemical makers. Higher crude oil prices are increasing input costs for essential materials like methanol. Shipping delays and rerouting are adding to expenses. This situation affects companies reliant on imports from the Gulf. The fertilizer industry also faces supply shortages. These factors are squeezing profit margins for many Indian chemical and fertilizer producers.
Dubai index slides 4% as oil soars on escalating Iran conflict
UAE stock markets saw a sharp decline early Monday. This downturn extended previous losses. The US-Israeli conflict with Iran is widening. Oil prices surged over 25 percent. This jump is due to supply cuts and fears of prolonged shipping disruptions in the Strait of Hormuz. Brent crude saw its biggest daily gain since 1988.
Oil Stocks IOC, HPCL, BPCL Face The Brunt As Crude Prices Skyrocket
Share prices of Oil Marketing Companies (OMC) faced the brunt on Monday as the oil price surged$114 per barrel for the first time since 2022 on Monday after the Iran war intensified, threatening production and shipping in the Middle East.
Saudi Aramco shares surge most since April 2023
Saudi Aramco shares saw a significant jump as the Iran conflict intensified. This ongoing situation is causing oil supply disruptions. Global oil prices are expected to rise further. United Arab Emirates and Kuwait are reducing production. Vital shipping routes are facing near closure. Aramco is rerouting shipments to the Red Sea.
Oil and gas prices rapidly rise as Iran war shows no signs of letting up
Oil prices have surged after the US–Israel attacks on Iran escalated into a wider Middle East war, disrupting energy supplies and shipping in the region. Tankers carrying about 20 million barrels of oil a day are stranded in the Persian Gulf due to safety risks around the Strait of Hormuz, while damage to oil and gas facilities has further tightened supply.
Industrial users stare at propane, natural gas shortage after Qatar halted production
Indian industries face potential propane and natural gas shortages. Qatar has halted liquefied natural gas production following a drone attack. This impacts industrial customers, though household piped natural gas supplies remain unaffected. Companies are monitoring the situation closely. Global energy prices and shipping costs are also rising.
Emergency Conflict Surcharge ups shipping costs for traders
Shipping costs are increasing as carriers implement an Emergency Conflict Surcharge. This charge applies to cargo passing through the Strait of Hormuz and the wider Middle East. One major shipping company is adding between $2,000 and $4,000 per container. More operators are expected to follow suit. This impacts India's imports of crude oil and fertilizers. Traders anticipate further cost hikes.