In Graphics: How the cost of Iran war piled up
- India paid more for crude oil despite importing less as prices rose
- Higher import costs can pressure Indian oil marketing companies
Topic
Geopolitics● −5% net tone today
- Mediators are working with Iran and the US on a deal to end fighting and open the Strait of Hormuz
- Crude oil above $100 a barrel weighed on Indian stocks as hopes for a US-Iran deal faded
- Brent crude rose above $106 a barrel after Trump rejected Iran’s ceasefire conditions
Stories per day
4227 Sept
10628 Sept
7029 Sept
6030 Sept
481 Oct
572 Oct
13 Oct
Hormuz LNG shipments reach post-war high in September, with reports differing on cargo count
- Business Standard and Economic Times report 19 cargoes; Times of India says 19 to 21
- Business Standard says 13 cargoes came from Qatar and six from the UAE
- More LNG flows may ease supply concerns for Indian gas buyers, including Petronet LNG
)
UN warns fuel subsidies could exceed $1 trillion as Iran war raises energy costs
- UNDP said subsidies could top $1 trillion in 2026
- Governments have used price caps, subsidies and tax rebates as oil prices climbed
- Higher crude costs pressure Indian fuel retailers and government finances
●
If Trump imposes tariffs, will buying crude from Russia make economic sense for India?
- Russia's share of India's crude imports was below 2% before the war with Ukraine
- Russian crude purchasing economics matter to Indian refiners and their margins
Hormuz crude flows return to pre-war levels, yet oil may still stay at $90–$100 | Here's why
- Hormuz crude shipments averaged 13.5 million barrels per day over seven days, back to pre-war levels
- Oil may still stay at $90–$100, the report said
- Persistently high crude prices could pressure Indian refiners and fuel retailers
Oil Prices Near $103: Brent Crude Extends Gains As US-Iran Tensions Escalate
- Brent crude is near $103 and extending gains
- Ukrainian strikes on Russian refineries have forced Moscow to restrict diesel exports
- Higher crude prices pressure Indian oil marketers and raise fuel costs for airlines
●
