Global oil prices could climb sharply in the coming months if disruptions to crude shipments through the strategically vital Strait of Hormuz continue, with Brent crude potentially rising above $120 a barrel by the fourth quarter, according to a Goldman Sachs assessment. The projection comes amid heightened geopolitical tensions in the Middle East and growing...
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...
Several rural regions across Maharashtra experienced disruptions in petrol and diesel availability following delays in fuel transportation and supply distribution, raising concerns among residents and transport operators. Despite temporary shortages being reported in some districts, the Maharashtra government assured the public that the state possesses sufficient fuel reserves and that the situation remains under control....