Global crude oil prices moved lower as investors responded to growing optimism surrounding a possible diplomatic breakthrough between the United States and Iran, alongside signs of improved stability in one of the world’s most critical energy transit routes, the Strait of Hormuz. The decline reflected easing fears over potential disruptions to global oil supplies, which...
India and Venezuela have taken significant steps toward strengthening their bilateral relationship, with Prime Minister Narendra Modi and Venezuelan Acting President Delcy Rodríguez holding high-level discussions focused on energy security, economic cooperation, and emerging strategic sectors. The meeting underscored both nations’ commitment to building a long-term partnership at a time when global energy markets continue...
External Affairs Minister Dr. S. Jaishankar, during a press conference on August 21, firmly defended India’s ongoing energy trade with Russia amid continued Western scrutiny. Addressing concerns raised by international actors—particularly the United States—Jaishankar pointed out that India is neither the largest importer of Russian crude oil nor liquefied natural gas (LNG). He stated clearly,...