Iran Deal Very Close, Signing Possible in Coming Days, US Official Says

(Reuters) – The United States and Iran are not quite at the finish line, but are very close to a deal to resolve their conflict, a senior U.S. official said…

US Refiners Can Still Absorb More Venezuelan Crude, Energy Secretary Wright Says

(Reuters) – U.S. refiners can still absorb more Venezuelan crude, Energy Secretary Chris Wright said Friday at an event at Port Houston. Venezuela is sending about half of its total…

Hope for Hormuz as Iran, US Edge Closer to Peace Deal

(Update) June 12, 2026, 4:43 PM GMT: Article updated with Trump, Araghchi and Pakistani statements starting in third paragraph. The US and Iran moved closer to an interim peace agreement…

India Caps Fuel Sales to Avoid Shortages

India has imposed limits on gasoline and diesel sales at retail fuel stations to avoid supply crunches, with commercial consumers banned from buying any fuel from retail stations, Bloomberg reported,…

The Hidden Infrastructure Challenge Behind Renewable Energy Growth

The Middle East crisis has spurred more interest in alternative energy supply, but the evolution of transition technology has made transporting things like turbine blades and batteries problematic, DHL’s chief…

India Set to Miss Budget Deficit Target as Oil Shock Strains Public Finances

India may be on track to miss its target for budget deficit for the first time since 2021 as the oil supply shock pressures government coffers. The government of the…

Oil Prices Tumble 4% on Iran Peace Optimism

Oil prices plunged by more than 4% early on Friday as the market hopes the U.S. and Iran have made progress toward a peace deal. As of morning trade in…

India Accuses West of Double Standards Over U.S. Russia Oil Sanctions

The on-and-off U.S. sanctions on Russian oil and the flipping U.S. position regarding India’s oil purchases from Russia highlight the double standards of the Western nations, Indian Foreign Minister S…

Norway Pitches Arctic Resources as Key to EU Energy Security

Norway has intensified its charm offensive to persuade the European Union to drop its ban on Arctic drilling by campaigning that oil and gas resources in the High North would…

Russian Governors Rush to Deny Fuel Crisis as Rationing Spreads

Russia’s authorities and regional governors are racing to assure residents there are no fuel shortages amid an intensified Ukrainian drone campaign at Russian refineries and fuel supply roads. Ukraine has…