Iran Attacks Gulf Energy Facilities, Hits Qatar's Ras Laffan LNG, as Brent Crude Crosses $110 After Israeli Strike on South Pars Gas Field

Brent Crude Falls $4.08 as Trump Halts Iran Attack for Strait of Hormuz Deal

Oil prices crashed over $4/barrel after President Trump halted a planned attack on Iran to pursue a nuclear deal. The move has de-escalated fears over Strait of Hormuz disruptions, but OPEC+ also approved a 188,000 bpd quota increase, adding downward pressure.

US-Iran Hold First Shuttle Talks in Months; Brent Crude Below $100 Amid West Asia War

The US and Iran held their first shuttle talks in months via a Qatari mediator on the sidelines of the UN General Assembly, raising hopes for progress in ending the West Asia war (Operation Epic Fury). The diplomatic opening helped keep oil prices near two-week lows with Brent crude holding below the $100-a-barrel threshold.

Iran-Oman Negotiate Strait of Hormuz Reopening: US Disputes Iran's Proposed 'Service Fee' on 20% Global Oil Route

Iran and Oman are negotiating a framework to reopen the Strait of Hormuz, with Iran proposing a 'service fee' for vessels using its controlled lane. The US strongly opposes any arrangement that grants Iran control or revenue from the strategic waterway, creating a complex diplomatic standoff with direct implications for global energy security and India's oil imports.

US Lindsey O. Graham Act Sanctions Russian Oil, Exempts Low-Enriched Uranium Imports for Nuclear Reactors

The US signed a law imposing up to 100% tariffs on importers of Russian oil/gas, but exempts its own imports of low-enriched uranium from Russia. This exposes a strategic contradiction: while pressuring India and China, the US relies on Russia for 20% of its nuclear fuel needs. For India, which sources 45% of its oil from Russia, this law poses a direct challenge to its energy security.

PM Modi Warns of Weaponisation of Sea Routes; Launches ₹84,084 Cr Samudra Manthan Offshore Scheme

PM Modi's 80th Independence Day speech flagged the weaponisation of global resources and sea routes as a key threat to India's economic security. He announced the ₹84,084 crore Samudra Manthan scheme to boost domestic oil and gas exploration, aiming to reduce India's 90% import dependence on crude oil.

SRIA Signed: Jaishankar Conveys India's Energy Concerns Over US Tariffs Up to 100% on Russian Oil

In the first official discussion after Trump signed the Russia Sanctions Bill (SRIA), External Affairs Minister Jaishankar met US Secretary of State Rubio in New York and reiterated India's economic and strategic concerns over potential tariffs up to 100% on Russian oil buyers. India, a major importer of Russian crude, stressed its energy security needs for its 1.4 billion people. The meeting came as both nations work on a bilateral trade deal.

US-Iran Talks on Strait of Hormuz Reopening: Oman-Backed Interim Deal Near, India's Energy Security at Stake

US President Trump claims an interim deal with Iran to reopen the Strait of Hormuz is imminent, with Oman and Qatar mediating. Any disruption here directly impacts India's crude oil imports and global energy prices, making this a key IR and energy security topic for exams.

India Engages US Congress on Sanctioning Russia and Iran Act (SRIA) Over Energy Security

India is actively engaging the US Congress to address concerns over the newly enacted Sanctioning Russia and Iran Act (SRIA), which could impose up to 100% tariffs on countries purchasing Russian energy. Given India's 88% dependence on crude imports and Russia supplying nearly half of that, the legislation poses a direct threat to India's energy security and bilateral trade relations.