Iran Faces Massive Daily Losses Due to Blockade Iran could be losing as much as $435 million per day due to the US naval blockade targeting its ports near the Strait of Hormuz. The blockade is aimed at cutting off Iran’s key revenue sources, especially oil exports, which form the backbone of its economy. Why…
Oil Prices Surge After US Announces Iran Blockade Global oil prices have surged past $103 per barrel following the United States’ announcement of a blockade targeting Iran, triggering fresh concerns over supply disruptions. Benchmark crude prices jumped sharply after the move, with Brent crude rising above $102 and US crude crossing $104 per barrel. Blockade…
The United States has granted India a 30-day waiver allowing continued purchases of Russian oil, providing temporary relief amid tightening sanctions on Moscow. The decision has been welcomed by leaders of the Bharatiya Janata Party (BJP), who described the move as a success of Prime Minister Narendra Modi’s strategic oil diplomacy. According to government sources,…
