War, Oil, Markets: HSBC’s Bold Bet on the Gulf Amid Iran vs US-Israel Crisis Even as geopolitical tensions escalate across the Middle East, global banking giant HSBC has publicly reaffirmed its confidence in the long-term economic strength of the Gulf Cooperation Council (GCC) economies, signalling that international financial institutions are not retreating from the region […]
At least one person has died and two oil tankers caught fire in the Persian Gulf off the coast of Basra, Iraq on Wednesday, after explosions that officials suspect were caused by an attack.Reuters reported that explosive-laden Iranian boats may have struck the vessels, citing preliminary findings from an Iraqi-led investigation into the incident. The […]
Iranian Drones Hit Fuel Tanks at Oman’s Salalah Port, Massive Fires Erupt, Tehran Denies Role The widening conflict between Iran, the United States and Israel has now reached one of the Gulf’s most strategically important maritime hubs. On March 11, 2026, multiple drones struck fuel storage tanks at the Port of Salalah in Oman, igniting […]
Confirmed, deleted, and then clarified. After Donald Trump‘s aide claimed in a boastful tone that the American navy had “successfully escorted” an oil tanker through the troubled Strait of Hormuz, the post was quickly deleted. The White House later clarified that the United States had not escorted any oil tanker through the key waterway, which […]
Recently, the rare scientific phenomenon received global attention after reports from Tehran in March 2026 indicated that residents observed ‘dark rain’ following airstrikes on oil storage facilities. This led to massive fires that released thick smoke into the atmosphere. When rain clouds formed over the city, the raindrops fell into the clouds, thus forming dark […]
Our business reporter Peter Eavis looks at the global implications of the Strait of Hormuz, the narrow waterway to the south of Iran. He analyzes ship activity in the strait, comparing it before and after the United States and Israel initiated attacks on Iran. By Peter Eavis, Sutton Raphael, Leila Medina, Stephanie Swart, Blacki Migliozzi, […]
Stock market today (AI image) Stock market crash today: Nifty50 and BSE Sensex crashed in opening trade on Monday amidst rising Middle East tensions and global market turmoil, with impact on crude oil prices and trade in focus. While Nifty50 went below 24,900, BSE Sensex was done over 1,000 points. At 9:16 AM, Nifty50 was […]
Why Venezuela has more oil than any country on Earth Venezuela has the world’s largest proven oil reserves, officially holding about 303 billion barrels, or roughly 17 per cent of global crude, mostly in the Orinoco Belt, where the oil is unusually dense and heavy. The size of the reserves is a reflection of the […]
Mumbai, February 12 (Udaipur Kiran): Kirloskar Oil Engines is currently trading at Rs. 1390.00, up by 67.30 points or 5.09% from its previous closing of Rs. 1322.70 on the BSE. The scrip opened at Rs. 1359.35 and has touched a high and low of Rs. 1435.75 and Rs. 1287.80 respectively. So far 288227 shares were […]
Saudi Aramco Achieves 70% Local Content Milestone in Supply Chain, Boosting Saudi Vision 2030 Saudi Aramco, the world’s largest integrated energy and chemicals company, has announced a major breakthrough in its In-Kingdom Total Value Add (iktva) programme by achieving a 70% local content benchmark in its supply chain, a milestone that underscores the Kingdom’s push […]
