IEA says the interim agreement could restore Gulf supplies, but cautions that months of disruption have impacted demand, depleted inventories and weakened refinery operations.

An LNG tanker is nearing the Strait of Hormuz as the US and Iran reportedly reach a deal to reopen the vital waterway. European natural gas and oil prices fell as traders…

A "toll free" reopening of the Strait of Hormuz, following a US-Iran ceasefire agreement, promises significant relief for India's crude oil imports. This normalization is expected…

A deal between the U.S. and Iran will reopen the vital Strait of Hormuz, easing global energy supply concerns. However, unresolved disputes mean future flare-ups are possible.…

Interim accord to ease supply crunch that has gripped energy markets since February

A landmark deal between the US and Iran promises to reopen the Strait of Hormuz, a vital oil shipping route. This agreement has already caused oil prices to drop. However,…

This development is expected to significantly boost global trade, particularly for India, by easing logistics disruptions and costs for energy imports and engineering exports to…