Sensex Slides As Nifty Extends Third-Day Fall

By BPN News Desk March 13, 2026

Business Markets

Indian equity benchmarks fell for a third straight session on Friday as rising crude oil prices, West Asia tensions, and weak global cues continued to weigh on investor sentiment. The Sensex dropped sharply during the day and closed lower by more than 1,300 points, while the Nifty ended near

International

US Allows Limited Russian Oil Sales Amid Gulf Crisis

By BPN News Desk March 13, 2026

The United States has issued a temporary sanctions license allowing the sale, delivery, or offloading of Russian crude oil and petroleum products that were already loaded onto vessels on or before 12:01 a.m. Eastern Daylight Time on March 12, 2026. The authorization remains valid until April 11, 2026, as global energy markets react to the […]

International

Saudi Arabia Downs Drones Near Shaybah

By BPN News Desk March 11, 2026

Saudi Arabia said it intercepted seven drones heading toward the strategically important Shaybah oil field, underscoring the growing risk to Gulf energy infrastructure as Iran’s regional attacks widened. The latest incident added to concerns over oil security, regional air defence strain and the vulnerability of critical energy assets during the ongoing conflict. Saudi

International

US Hits Iran Mine Boats Near Hormuz

By BPN News Desk March 11, 2026

The United States has stepped up military pressure on Iran near the Strait of Hormuz, targeting Iranian mine-laying vessels as fears of disruption to one of the world’s busiest oil shipping lanes continue to grow. The development has added fresh uncertainty to global energy markets and raised concerns over wider regional escalation. US Strikes Iranian […]

International

Hungary Bans Fuel Exports Amid Oil Price Surge

By BPN News Desk March 10, 2026

Hungary has banned exports of crude oil, diesel and 95-octane petrol and will release fuel from state reserves as the government moves to contain the domestic impact of rising global oil prices. The measures come as wider tensions affecting oil supply routes continue to push energy costs higher across Europe. Hungary Bans Crude Oil And […]

International

Vladimir Putin Warns of Hormuz Oil Supply Risk

By BPN News Desk March 10, 2026

Russian President Vladimir Putin on Monday warned that oil production dependent on the Strait of Hormuz could face a complete halt within a month, saying the disruption has already started to affect supply flows amid the ongoing Iran-Israel conflict and wider instability in West Asia. Putin Warns of Strait of Hormuz Disruption Speaking at a […]

National

India Not Planning IEA Oil Reserve Release

By BPN News Desk March 9, 2026

India is not planning to release oil reserves in coordination with the International Energy Agency and has no immediate plan to raise retail petrol and diesel prices, according to a government source cited on Monday. The position comes as global crude prices remain under pressure from the expanding West Asia conflict and as several major […]

Business Markets

Asian Stocks Fall As Oil Jumps On Crisis

By BPN News Desk March 9, 2026

Asian Stocks Fall As Oil Jumps On Crisis Asian equities came under heavy pressure on Monday as oil prices surged sharply amid the worsening West Asia crisis, with investors reacting to fears of supply disruption, shipping risks and a broader economic shock across the region. The selloff reflected growing concern that the conflict could hit […]

International

Trump Calls Oil Spike Temporary Amid Iran Crisis

By BPN News Desk March 9, 2026

US President Donald Trump has downplayed the sharp rise in oil prices triggered by the Iran conflict, saying the increase is a temporary cost tied to efforts to eliminate Tehran’s nuclear threat. His comments came as global crude prices surged amid fears of wider disruption across the Middle East and pressure on key energy routes. […]

International

Saudi Warns Iran After Shaybah Threat

By BPN News Desk March 9, 2026

Saudi Arabia sharpened its warning to Iran early Monday after a fresh drone threat near the Shaybah oil field, saying Tehran would be the “biggest loser” if it continued attacking Arab states. The statement signalled growing Gulf concern that the Iran-US-Israel conflict is expanding beyond its main fronts and placing key regional energy infrastructure under […]