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14.03.26 - 01:09
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Panic Buying Sweeps India As War Disrupts Cooking Gas Supplies (ZeroHedge)
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Panic Buying Sweeps India As War Disrupts Cooking Gas Supplies
Long lines are forming outside cooking gas dealers across India as fears of shortages spread following disruptions to fuel imports linked to the war in the Middle East.
At a small distribution shop in Pune, gas dealer Vishal Vilas Mandhare has watched demand surge in recent days. Customers arrive carrying empty cylinders, pressing him and his staff for answers about when the next delivery of liquefied petroleum gas, or LPG, will arrive.
"The dealers are facing as much trouble as the customers," he told Bloomberg, “just a different kind.”
India depends heavily on LPG for everyday cooking, and millions of households rely on regular cylinder refills to prepare meals. But since hostilities in the Middle East began disrupting a major share of India's fuel imports, panic buying has spread, straining the country's vast distribution system.
India is the world's second-largest consumer of LPG and imports about 90 percent of...
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13.03.26 - 15:57
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In Scramble To Open Up Hormuz, France & Italy Open Talks With Iran After India′s Request (ZeroHedge)
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In Scramble To Open Up Hormuz, France & Italy Open Talks With Iran After India's Request
Amid very confused and mixed messaging coming from Washington over the status and future fate of Hormuz oil transit, the EU is trying its hand at a solution.
France and Italy have opened 'tentative' talks with Iran seeking to negotiate a deal to guarantee safe passage for their tankers through vital strait which remains a crucial chokepoint for stalled global crude transit, the Financial Times reports Friday, citing people briefed on the efforts.
This comes as US Secretary of War Pete Hegseth said in a Friday morning Pentagon briefing there is "no clear evidence that Iran has laid mines" in the Strait. This contradicts an avalanche of reporting from earlier this week which said at least a dozen mines were laid.
The two key overnight and morning headlines which have most impacted oil markets remain confirmed India-Iran talks for safe passage, and now EU ef...
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