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The conflict involving Iran, Israel and several Gulf nations has once again put the spotlight on New Delhi's strategy of maintaining ties with multiple global powers at the same time
A day earlier, Aramco had announced a net profit rise of more than 25 per cent in the first quarter of 2026 compared to the same period last year, fuelled by higher oil prices as exports remain blocked in the Strait of Hormuz.
US federal taxes on gasoline amount to 18.4 cents per gallon on gasoline and 24.4 cents per gallon for diesel, according to the US Energy Information Administration (EIA).
US-Iran Ceasefire Live Updates: A US admiral said US forces sank six small Iranian ships. Iran denied any had been sunk and earlier fired warning shots at US warships