Futures Rise, Oil Drops As US Ends Iran Strikes

Sen. Lindsey Graham (R-SC) on Sunday called for the US to capture Iran’s Kharg Island, where most of the country’s oil exports pass, comparing the potential operation to the Battle of Iwo Jima in World War II. “Here’s what I’d tell President Trump: Keep it up for a few more weeks, take Kharg Island … […]

India Explores Alternative Energy Sources After Oil Supply Shock By Tsvetana Paraskova of OilPrice.com India’s Prime Minister Narendra Modi has urged the government to urgently explore an increase in the use of alternative energy sources, including biogas as a substitute for liquefied petroleum gas (LPG), as the Middle East crisis is choking oil and gas supply to the world’s third-largest crude importer. Modi also urged ministers to move faster with implementing reforms to turn India into a developed nation by 2047, the goal for its 100th independence anniversary. India has been grappling with...