Ship movement via Hormuz halts, global oil prices firm up

IANS | April 23, 2026 4:13 PM

New Delhi, April 23 (IANS) Traffic through the Strait of Hormuz has come to a standstill after Iran seized two ships, including one bound for Kandla port in Gujarat, which has increased uncertainty over the movement of oil and gas as 20 per cent of the world’s energy exports transit through the waterway.

Indians stock markets fall for 2nd day over West Asia tensions

IANS | April 23, 2026 3:56 PM

Mumbai, April 23 (IANS) The Indian equity markets ended sharply lower for the second consecutive session on Thursday, with benchmark indices declining about 1 per cent each amid escalating tensions in West Asia over the Strait of Hormuz.

OMCs tap crude storage as Hormuz shutdown disrupts supplies: Report

IANS | April 23, 2026 3:13 PM

New Delhi, April 23 (IANS) Indian oil marketing companies (OMCs) have begun relying on their commercial crude inventories as supply chains tighten following the closure of the Strait of Hormuz amid escalating geopolitical tensions in West Asia, according to a report on Thursday.