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Commodity Market, Commodities News Today | The HinduBusinessLine

India could limit sulphur exports as supplies tighten, sources say India turns to US, Oman, Nigeria for LNG imports in March as Qatar, UAE supplies dry up China resumes buying broken rice from India Silver Price Today April 16: Latest rates in Delhi, Mumbai, Kolkata, Chennai & Bengaluru Gold rate today April 16: Gold rates up in Mumbai, Delhi, Chennai, Kolkata, Ahmedabad & Bengaluru Indian LNG importers scoop up spot shipments after prices recede Limelight Lab Grown Diamonds targets tier 2-cities with 25 stores in Q1 Crude oil futures edge up despite hopes of US-Iran ceasefire extension ‘Iran war oil shock as disruptive as Covid’ Iran war brings US close to net crude exporter for first time since World War II NAAS suggests govt to consider one-time licensing for imported horticulture hybrids India targets cocoa self-sufficiency by 2040 with national mission and reforms Why is Gold rate surges past $4,850 & Silver crossing $80? Crude unlikely to return to pre-war levels soon; India's import bill may rise $70 billion annually: Report US shuts down Iran’s maritime trade despite optimism for more talks Brent crude edges up ahead of fresh US-Iran talks Global fertilizer supply crunch tightens farm economics Crude oil prices fall for a second day on expectations US-Iran talks may resume Madhya Pradesh CM says basmati rice from the State is exported to 47 nations Russian crude oil imports rebound in March as PSU refiners lift record volumes Oil prices hit record high in March as refiners try to replace West Asian grades: IEA India’s gems and jewellery exports plunge 35% in March on weak demand Inflows into gold ETFs turn positive in past fortnight India’s Russian oil imports surge to €5.3 billion in March on higher volumes Russia restricts helium exports as global supply tightens amid Middle East tensions India’s oil security under pressure as West Asia crisis exposes import dependence risks Fuel price freeze: ₹18/litre loss on petrol, ₹35 on diesel Iran oil hoard at sea shields China’s refiners from US blockade Oil declines as US, Iran weigh more talks; US blockade of shipping to and from Iranian ports in place IMD forecast of below-normal Indian monsoon poses risk to agriculture, economy
India-bound LPG tanker crosses Strait of Hormuz safely am...
2026-05-14 · via Commodity Market, Commodities News Today | The HinduBusinessLine
The India-bound LPG tanker MV Sunshine safely crossed the Strait of Hormuz with support from multiple Indian agencies, including the Indian Navy, amid ongoing tensions in West Asia. (A representative photo)

The India-bound LPG tanker MV Sunshine safely crossed the Strait of Hormuz with support from multiple Indian agencies, including the Indian Navy, amid ongoing tensions in West Asia. (A representative photo) | Photo Credit: RAY HENSEL

The India-bound LPG tanker MV Sunshine is crossing the Strait of Hormuz and is being provided all support to move safely towards India, as per sources.

According to sources, this was the 15th LPG Ship bound for India to be safely evacuated from the Persian Gulf. The ship is heading towards India, and it is being provided with all support by multiple agencies, including the Indian Navy, to move safely towards India.

Iran says Strait of Hormuz situation will improve after peace

Meanwhile, earlier on Wednesday, Kazem Gharibabadi, Iran’s Deputy Foreign Minister for Legal and International Affairs, said that the situation in the Strait of Hormuz will be better once peace is established.

Gharibabadi, in a conversation with ANI, said that the US was not engaged in serious diplomacy.

“Strait of Hormuz situation will be better than before once peace is established. There will be transparency. There will be no discrepancy. We will not go beyond international law. If peace is established, it will have more safety and security than before,” he said.

Iran welcomes India’s diplomatic role

Iran on Tuesday said it would welcome any initiative by India to help defuse tensions in West Asia, with Gharibabadi praising New Delhi’s “impartial” approach ahead of the BRICS Foreign Ministers’ meeting in New Delhi.

“India has always supported peace and is always in favour of peace,” Gharibabadi said while briefing reporters in the national capital.

Highlighting the close ties between the two countries, Gharibabadi described India and Iran as “two nations with one culture.”

“Both countries are proud of their culture. There are many commonalities and we attach great importance to people-to-people contacts between India and Iran,” he said.

The Iranian Deputy Foreign Minister added that Tehran would welcome any diplomatic initiative from New Delhi aimed at reducing tensions in the region.

“Any initiative coming from India will be welcomed,” he said during interactions ahead of the BRICS meeting.

Published on May 14, 2026