Indian Oil Stocks Slide 3% as Strait of Hormuz Closure Triggers Global Energy Supply Panic

Shares of India’s state-run oil marketing companies (OMCs) tumbled on Thursday as global crude prices surged following Iran’s declaration that the Strait of Hormuz is closed to all maritime traffic.The escalating conflict in the Middle East has rattled investor confidence, as the

Read More

  • Related Posts

    RCom Money Laundering Probe: Former Reliance Exec Gautam Doshi Remanded to 5-Day ED Custody

    The Rouse Avenue Court in New Delhi granted the ED five days of custody for Gautam Bhailal Doshi, valid until June 18, 2026. The former Reliance executive was produced before a vacation judge early Saturday morning following his arrest in Mumbai. The investigative agency had init Read More

    EY Report Details RBI Plan to Unify Cross-Border Payments and Cut Red Tape for Indian Exporters

    The Reserve Bank of India (RBI) is looking to simplify cross-border payment approvals and reduce regulatory friction for businesses and exporters as part of its Payments Vision 2028, according to an EY report, which identified cross-border payments as a key strategic priority for Read More

    Leave a Reply

    Your email address will not be published. Required fields are marked *