G7 nations have agreed to release 100 million barrels of oil and diesel over four months via the IEA, with a frontloaded diesel release within 20 days, after US diesel prices hit a record $6.52 per gallon on September 22.
Read Full ArticlePakistan has extended its nationwide austerity drive until June 13, 2026, after U.S. President Donald Trump rejected Iran's peace proposal. Fuel cuts, vehicle restrictions, and salary reductions remain in force as Islamabad navigates an energy crisis rooted in the West Asia conflict.
Pakistan opens six land routes to Iran, enabling transit trade as U.S. naval blockade strands 3,000 containers at Karachi port amid escalating regional tensions.
UN Security Council to vote on defensive measures in Strait of Hormuz amid Iran tensions, balancing maritime security, global oil trade, and international law.
India flags off IOS SAGAR 2026, a 50-day naval mission to boost maritime security, cooperation, and lawful trade amid rising West Asia tensions.
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