International

IEA Warns Global Economy Faces Major Threat

By BPN News Desk March 23, 2026

The head of the International Energy Agency has warned that the global economy is facing a major threat as the current energy shock combines elements of past oil crises with fresh gas market disruption. Speaking in Canberra, IEA Executive Director Fatih Birol said the ongoing conflict has created one of the most serious energy emergencies […]

International

Russian Oil Tanker Aqua Titan Reaches India

By BPN News Desk March 23, 2026

A Russian crude oil tanker that was originally headed to China has now reached New Mangalore Port, highlighting how India is reshaping its energy imports amid global supply disruptions and changing trade routes. The arrival of Aqua Titan is being seen as part of a wider shift in crude flows as Indian refiners step up […]

International

Iran Threatens Full Hormuz Closure After US Warning

By BPN News Desk March 23, 2026

Iran has threatened to fully close the Strait of Hormuz if the United States carries out President Donald Trump’s warning to strike Iranian energy infrastructure, sharply escalating tensions in a region central to global oil trade. The warning has raised fears of a wider confrontation in West Asia, with energy supply routes now directly tied […]

National

Indian Refiners Eye Iranian Oil Return

By BPN News Desk March 21, 2026

Indian refiners are exploring the possibility of buying Iranian crude again after the United States issued a temporary sanctions waiver covering Iranian oil already at sea. The move comes as refiners across Asia search for replacement supplies amid disruption in the Strait of Hormuz and pressure on regional energy markets. Indian Refiners Eye Return To […]

International

US May Ease Sanctions on Iranian Oil at Sea

By BPN News Desk March 20, 2026

The United States may temporarily lift sanctions on Iranian oil stranded on tankers at sea as Washington looks for ways to cool surging crude prices caused by the Strait of Hormuz crisis. The proposal was outlined by US Treasury Secretary Scott Bessent, who said the move could quickly add supply to the market during a […]

International

Kuwait Says Second Refinery Catches Fire After Drone Attack

By BPN News Desk March 19, 2026

Kuwait Says Second Refinery Catches Fire After Drone Attack Kuwait has reported that a second oil refinery caught fire after a drone attack, widening fears over the spread of strikes on Gulf energy infrastructure as the regional conflict continues to escalate. Officials said emergency teams were deployed quickly and no injuries were immediately reported. Kuwait […]

International

Oil Jumps as Iran Hits Gulf Energy Sites

By BPN News Desk March 19, 2026

Oil Jumps as Iran Hits Gulf Energy Sites Oil prices surged and stock markets fell on Thursday after Iran struck Gulf energy facilities and warned that more attacks could follow, deepening fears of a wider regional energy shock. The market reaction came after damage to major gas and energy infrastructure in Qatar and fresh threats […]

International

Iran Threatens Gulf Energy Facilities

By BPN News Desk March 18, 2026

Iran has threatened to strike major energy facilities across the Gulf after attacks on infrastructure linked to its South Pars gas field, marking a sharp escalation in the regional conflict and raising new fears over global energy security. The warning comes as oil and gas markets remain on edge over the possibility that the war […]

National

Russian Oil Tanker Diverts From China To India

By BPN News Desk March 18, 2026

A Russian oil tanker that was originally headed to China has changed course and is now sailing to India, underlining how the Gulf conflict is reshaping global crude trade flows. The diversion comes as Indian refiners sharply raise purchases from Russia to offset supply disruptions linked to the war in West Asia and continued stress […]

International

Oil Prices Seen Staying Higher For Longer says Standard Chartered

By BPN News Desk March 18, 2026

Oil prices are likely to stay elevated for a longer period as supply losses from the Gulf conflict continue to tighten global markets and limit the chances of a quick correction. The latest assessment reflects growing concern that disruption linked to the Strait of Hormuz is not a short-term shock, but a structural supply problem […]