supply chain disruption
Indian Logistics Sector Adapts Swiftly To Red Sea Crisis
International News Trade

Eurocommerce Urges EU Intervention In Red Sea Crisis, Citing Impact On Retailers

Eurocommerce, a European retail sector association, urged European Union institutions and member states to settle the Red Sea situation, which has interrupted trade, stating in a letter to Belgium’s foreign minister that it has already had “massive impacts” on businesses. Shipping companies have moved container ships away from the Red Sea to avoid Houthi insurgent […]

Read More
Russia Remains Top Oil Source For India, Despite Red Sea Woes
News

Oil Prices Slide As Middle East Conflict’s Impact On Crude Seen Limited

Oil prices lost roughly 1 per cent on Monday as the Middle East conflict’s limited impact on crude output prompted profit-taking after oil benchmarks gained 2 per cent last week. Brent crude futures were down 69 cents, or about 0.9 per cent, at USD 77.60 a barrel by 1534 GMT and US West Texas Intermediate […]

Read More
Oil Prices Spike On Geopolitical Tensions: Middle East Clashes, Ukraine War Stoke Supply Concerns
International News

Global Oil Prices Surge Over 2% Amidst Geopolitical Tensions

Oil prices witnessed a robust start to the New Year, surging over two per cent in the first trading session. The spike was attributed to potential disruptions in Middle East supply chains following the recent attack on a container ship in the Red Sea. Brent crude rose by USD 1.72, or 2.2 per cent, reaching […]

Read More