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 […]

International

Iraq Reaches Iran Understanding On Hormuz

By BPN News Desk March 17, 2026

Iraq said it has reached an understanding with Iran to help its oil tankers move through the Strait of Hormuz, as Baghdad tries to protect crude exports during the ongoing regional conflict. The development is significant because Hormuz remains a critical route for Gulf energy shipments, and any negotiated passage is being closely watched by […]

National

Indian Crude Near $137 Amid Gulf Conflict

By BPN News Desk March 17, 2026

India’s crude oil basket has surged sharply since the Gulf conflict began, climbing to about $137 a barrel and sharply increasing pressure on refiners, import costs and the broader economy. The spike reflects tighter global supply, disruption around the Strait of Hormuz and a rapid rise in freight and risk premiums linked to the ongoing […]

International

Gulf States Press US Over Iran Threat

By BPN News Desk March 17, 2026

Gulf Arab states are pressing the United States to take stronger action against Iran as the Strait of Hormuz crisis continues to disrupt regional oil exports and raise fears of prolonged instability. The latest diplomatic push reflects concern among Gulf governments that any limited response may leave Iran capable of threatening shipping lanes, energy infrastructure […]

International

Iran Continues Strikes On Gulf States

By BPN News Desk March 15, 2026

Iran continued missile and drone strikes targeting locations in Gulf states a day after the United States warned that Iranian oil infrastructure could face further attacks if hostilities escalate. The exchange of threats and retaliatory strikes has heightened tensions across the Gulf region and raised concerns about the safety of critical energy infrastructure and shipping

International

Trump Warns Of More Kharg Island Strikes

By BPN News Desk March 15, 2026

President Donald Trump has warned that more US strikes on Iran’s Kharg Island could follow, while also urging other major powers to help secure the Strait of Hormuz as tensions continue to disrupt global energy routes. His remarks came as the conflict widened pressure on oil infrastructure and shipping lanes across the Gulf. Trump Warns […]

International

Fujairah Oil Loadings Halted After Fire

By BPN News Desk March 15, 2026

A drone-related fire at the UAE’s Fujairah oil hub led to a temporary suspension of some oil-loading operations, adding fresh pressure to regional energy markets as tensions around the Strait of Hormuz remain high. The fire was later brought under control, and no injuries were reported, but the disruption once again highlighted the vulnerability of […]

International

Iran Israel War Escalates Across West Asia

By BPN News Desk March 14, 2026

The conflict between Iran, Israel and the United States continued to escalate on March 14, with fresh military strikes, drone attacks and rising tensions across West Asia. The war has expanded beyond direct exchanges between the main parties and is now affecting regional security, shipping routes and energy markets. US Strikes Iranian Military Targets The […]

International

Iran Hits Out At US Over Russian Oil

By BPN News Desk March 14, 2026

Washington’s temporary easing of restrictions on some Russian oil cargoes has triggered a sharp response from Iran, with Tehran accusing the United States of double standards after earlier pressure on India to reduce purchases from Moscow. The remarks come at a time when the war in West Asia has unsettled global energy markets and pushed […]

International

Trump Warns Iran Over Kharg Island Oil Hub

By BPN News Desk March 14, 2026

The conflict in West Asia escalated further after US President Donald Trump warned that Iran’s key oil export hub at Kharg Island could be targeted if disruptions to shipping in the Strait of Hormuz continue. The warning comes amid rising tensions in the region and growing concern over the safety of global energy supply routes […]