Topic
oil-crisis
4 stories related to this topic, newest first.
rediff.compolitics58 days ago
Trump Says Xi Jinping Supports Pressure on Iran to Reopen Strait of Hormuz
President Donald Trump returned from two days of talks with Chinese President Xi Jinping and stated that Xi agreed Tehran must reopen the Strait of Hormuz. Oil prices rose around 3% to $109 a barrel amid stalled negotiations. Iranian Foreign Minister Abbas Araqchi said Tehran rec…
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uctoday.compolitics59 days ago
CIA Director Visits Cuba
The CIA director traveled to Cuba on Thursday in the highest-level visit from the Trump administration to the country in years. The trip comes as the communist-run island declared it has run out of oil amid rising tensions and U.S. pressure. The Central Intelligence Agency confir…
rediff.compolitics63 days agoUpdated
Modi Urges Indians to Work From Home, Cut Gold Purchases and Limit Foreign Travel
Prime Minister Narendra Modi called on citizens to revive remote work, carpool, cut fertiliser use in half and stop buying gold for a year to conserve fuel and foreign exchange. The appeal came as the closure of the Strait of Hormuz for more than two-and-a-half months has driven…
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foxbusiness.comworld71 days ago
U.S. Attack on Iran Disrupts Oil Flows and Prompts Global Trade Realignments
A joint Israeli-U.S. attack on Iran in late February 2026 led to the closure of the Strait of Hormuz and a U.S. blockade, disrupting global energy supplies. This has spurred surges in alternative payment systems and new trade agreements outside U.S. dominance. Historical oil shoc…