Strait of hormuz is a vital oil trade route between oman and iran, carrying 25 per cent of global oil. nations like China, India, Japan, and South Korea heavily depend on it. any disruption can spike prices and affect global energy security.


Strait of Hormuz: Top 5 countries that would be most impacted due to closure

Business & Economy: In a telephone conversation with NBC, Trump said that if Moscow obstructs his attempts to resolve the conflict in Ukraine, he will slap secondary tariffs of 25 per cent to 50 per cent on all Russian oil within a month.

Trump's tariff threat shakes up global oil trade

PM Modi to interact with CEOs of leading global oil and gas firms on Monday

Oil slips on economic worries, but still set for strong weekly gain

Nepal?s state-owned oil monopoly Nepal Oil Corporation (NOC) has not been implementing the automated pricing system it launched in 2014

Nepal: Fuel prices higher despite fall in global prices

US crude settled at $51.68 per barrel, up 62 cents or 1.21 per cent and notched its biggest weekly gain since early 2011

Oil rallies to best week in years after OPEC output deal

Large volumes of shut-in production from Nigeria and Libya can return to the market and that may change oil demand growth

IEA sees oil market balance in 2016, surplus to re-emerge next year

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