A navy vessel is seen sailing in the Strait of Hormuz, a vital waterway through which much of the world’s oil and gas passes on March 1, 2026. Photo: SAHAR AL ATTAR / AFP A spike in the price of LNG because of conflict in Iran shows how risky the government’s plan to import the...Read More

QatarEnergy’s liquefied natural gas (LNG) production facilities, amid the U.S.-Israeli conflict with Iran, in Ras Laffan Industrial City, Qatar March 2, 2026. | Photo Credit: REUTERS Qatar shut down liquefied natural gas production at the world’s largest export facility after it was targeted in an Iranian drone attack, sending European gas prices surging more than...Read More

On measures to suspend oil exports for domestic energy security, he said Laos would be exempt, with Thailand still supplying some oil because Thailand continues to rely on energy from Laos. However, controls will be tightened to prevent onward shipment to third countries. For countries with pre-existing purchase contracts, the ministry will proceed accordingly, while...Read More

The conflict between Israel and Iran is starting to show its effect on Indian wallets. Prices for household staples like pulses and onions are rising, while exports of rice, textiles, gems, electronics, and IT services face delays and higher costs. Strained shipping lanes, closed airspace, and volatile commodity markets are forcing exporters and policymakers to...Read More

ShareShare Article via FacebookShare Article via TwitterShare Article via LinkedInShare Article via Email Jaime Brito from OPIS says China has to look for alternative markets to source oil given the attacks on Iran. He also points out that market participants are waiting for additional evidence on mid- to long-term impact on ports, pipelines, storage facilities,...Read More

Preparing plans to source oil and gas from other suppliers Veerapat Kiatfuengfoo, Deputy Permanent Secretary of the Ministry of Energy and spokesperson for the ministry, said the Ministry of Energy is closely monitoring the Israel–Iran situation and is planning for a potential closure of the Strait of Hormuz by preparing to source fuel from other...Read More

Vadodara: The traditional jethi madh, long used in Indian households to soothe sore throats and aid digestion, may soon find a place in India’s export basket, with researchers identifying an indigenous, salt-tolerant variety along Gujarat’s coast that could reduce the country’s heavy dependence on imported licorice roots.“This dependence on imports was always a concern,” said...Read More

The rice exporters from Punjab and Haryana are staring at payment delays and disruptions to shipments headed to Iran, Afghanistan and other Gulf countries following the US and Israeli military strikes on Iran. India exported approximately 60 lakh tonnes of basmati rice during 2024-25, with demand primarily driven by the Middle East and West Asian...Read More