iea

India's economy has faced significant challenges from global oil price surges over the past fifty years. From the 1973 Arab embargo to the recent Hormuz disruption, these shocks have impacted inflation and foreign exchange reserves. Policymakers have continuously adapted strategies to manage these crises, balancing economic stability with consumer needs.

The government increased fuel prices by Rs 3 per litre to support oil marketing companies facing losses due to high global crude oil prices and a weakening rupee. However, further rupee depreciation could negate these gains, with companies incurring significant daily losses. The price hike offers limited relief, covering only a fraction of projected losses.

Global unrest and soaring jet fuel prices have led airlines to cancel approximately 13,000 flights in May, removing two million seats before the UK's half-term holidays. While major carriers signal deeper cuts, experts suggest most holidaymakers will not be significantly impacted, with airlines prioritizing less profitable routes. The UK government is offering slot flexibility to aid airlines in managing cancellations.

Based on current estimates, the largest strategic crude reserves at the end of December 2025 were held by China, which significantly expanded its holdings during 2025.

Despite past fears from Chernobyl and Fukushima, nuclear energy is re-emerging as a reliable, clean power source. France's reliance showcases low emissions, while Germany's shutdown increased fossil fuel use. Modern reactors boast enhanced safety features, and global expansion is underway with new designs like SMRs promising efficiency and a smaller environmental footprint.

As unpredictability hovers over international trips due to the West Asia conflict and rising airfares, travellers are not cancelling their plans but readjusting their itineraries

Europe faces a critical jet fuel shortage, potentially lasting only six weeks, warns the International Energy Agency chief. Disruptions from the Iran conflict could soon ground flights. This "largest energy crisis" threatens global economic growth and inflation, with developing nations in Asia and Africa bearing the brunt before impacting Europe and the Americas.

Women are actively investing in India, moving beyond traditional savings. While participation in mutual funds and equities is rising, independent control over financial decisions, particularly tax planning, is still developing. Younger women show greater comfort with digital platforms and goal-based investing. This shift signifies a growing financial awareness and engagement across the nation.

Asia and Oceania will immediately receive strategic oil reserves, while the Americas and Europe will start releases by late March. This emergency action by the iea aims to cushion the oil shock from the West Asia war, releasing 271.7 million barrels globally. Despite this, oil prices remain near $100, highlighting concerns over the Strait of Hormuz closure.

The International Energy Agency (iea) is considering a record release of emergency oil reserves, potentially exceeding 182 million barrels, to stabilize global markets amid escalating Middle East conflict. This move follows oil prices surging above $100 per barrel due to disruptions in the Strait of Hormuz and production cuts by Gulf nations.

Amidst soaring crude oil prices due to the US-Iran conflict and Strait of Hormuz disruptions, the International Energy Agency is proposing a record oil reserve release. This move aims to stabilize global markets, potentially exceeding the 182 million barrels released in 2022. Member nations are expected to decide on the proposal soon, with potential delays if any country objects.