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The world has lost about 1 billion barrels of oil over the past two months and energy markets will take time to stabilise even if flows resume, Saudi Aramco s CEO #8288;said on Sunday, as shipping disruptions choke traffic through the Strait of Hormuz. MORE..

10 May 2026 (8:42 PM)

President Donald Trump on Sunday rejected Iran s response to a U.S. proposal for peace talks, dashing hopes for an imminent end to the 10-week-old conflict that has caused widespread damage in Iran and Lebanon, paralyzed maritime traffic in the Strait of Hormuz and driven up global energy prices. MORE..

11 May 2026 (7:43 AM)

Indian Prime Minister Narendra Modi on Sunday said that the need of the hour is to use petro products with restraint in the wake of the West Asia crisis. MORE..

10 May 2026 (9:41 PM)

Iran has sent its response to the latest US proposal for ending the conflict that began at the end of February, according to state media. MORE..

10 May 2026 (7:34 PM)

Oil prices jumped $3 a barrel on Monday as the United States and Iran failed to agree to a peace proposal drafted by Washington while the Strait of Hormuz remained largely closed, keeping global energy supplies tight. MORE..

11 May 2026 (7:50 AM)

The electricity tariff revision for the second and third quarters of this year is scheduled to be implemented from today (11). MORE..

11 May 2026 (9:08 AM)