Washington: A major cyberattack was launched on Colonial Pipeline, recognised as the US’ largest gasoline and jet fuel pipeline and operator. The company has closed down the entire pipeline and energy supply following the cyberattack. President Joe Biden has been informed about the incident, and the White House said the Energy Department and the central […]
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New Delhi: The Coronavirus pandemic has led to the nationwide lockdown. It has, in turn, hit the fuel demand. The month of April saw the demand plummet by 70 per cent. Petroleum Minister Dharmendra Pradhan has, however, expressed confidence that the market will soon return to normal as the sales are increasing gradually. After the […]
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Washington: ‘The International Monetary Fund feels that the trade tensions should be resolved to the satisfaction of everyone. It assumes significance against the background of the currently raging US-China trade war, as it has threatened the global economy,’ the IMF chief Christine Lagarde warned. At the same time, she cautioned both, the United States and […]
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Washington: President Trump announced new tariffs on Chinese goods saying that the United States is suffering a loss of $500 billion per year in the trade with China and the United States would not tolerate it henceforth. The blow Trump delivered at a time when the US-China trade negotiations are in the final phases had […]
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Dubai: Deterrent effects of the US sanctions are apparent in the Iranian economy. The crisis in the Iranian economy will continue for the second consecutive year and by this year-end inflation will reach 40%, warned the International Monetary Fund (IMF). IMF has claimed in its annual report that the harsh US sanctions against the Iranian […]
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Washington: No country will get concessions in the US sanctions against Iran. The United States had warned all the eight countries including India which were exempt, to stop their trade with Iran or face US sanctions but India did not take any stance in the matter. However, the United States has indicated that there is […]
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Damascus: US President, Donald Trump had declared that Iranian Revolutionary Guards as a terrorist organisation, a week ago. The implementation of President Trump’s decision has started, and Iran has expressed anger over this. Iranian Foreign Minister, Jawad Zarif accused the US of starting economic terrorism against Iran, with the declaration of the Revolutionary Guards as […]
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Moscow: Iran had threatened to stop all of the oil movement, through the Strait of Hormuz if the United States attempted to stop the Iranian exports through sanctions. But Iran’s decision to close this marine route important for oil movement, is being bitterly opposed by the Arab League, announced the Ambassador of the Arab League […]
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Beijing/Berlin/Ankara: Russia had announced that it will continue its relations with Iran while refuting the United States’ sanctions against Iran. Following Russia’s footsteps, China, Germany and Turkey have declared that they will also not accept the sanctions against Iran. The United States has already announced that the countries maintaining trade relations with Iran will also […]
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Riyadh 24th June (News agency) – Saudi Arabia’s Petroleum Minister Khalid Al Falih has announced that the fuel war between Saudi Arabia and USA is over. Falih added that in future, Saudi Arabia will focus on balancing the crude demand and supply. Simultaneously he claimed that in this war, Saudi Arabia had emerged the winner. […]
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