The ongoing conflict involving Israel, United States and Iran has begun affecting domestic supply chains, with disruptions in commercial LPG supply hitting the hotel and restaurant sector.
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The Hindu
Oil prices climbed on Thursday after Iraqi security officials said Iranian explosive-laden boats had hit two fuel oil tankers amid other global supply disruptions from the U.S.-Israeli war on Iran.
Brent futures rose $5.69, or 6.19%, to $97.67 a barrel at 0118 GMT, and U.S. West Texas Intermediate (WTI) crude was up $5.11, or 5.86%, to $92.36.
Also read: Indian restaurants cut rava dosas, parottas and pizza as LPG shortage spreads
The Centre on Wednesday (March 11, 2026) asked States to ensure protection of LPG supply chain by ramping up security for the infrastructure concerned and personnel. The Union Home Secretary Govind Mohan told chief secretaries and director generals of police (DGPs) of all States to counter “false rumours regarding LPG shortages”, a government source said.
Read: How the U.S.-Israel conflict with Iran is exposing India’s LPG dependence | Data
While several political leaders slammed the government for the crunch, the Congress party demanded a full-fledged discussion in Parliament on the West Asia crisis that has led to energy shortage, saying the people of the country deserve to know the truth.
The Ministry of Home Affairs (MHA) is running a 24x7 control room by including nodal officers from the Ministry of Information and Broadcasting and Petroleum and Natural Gas.
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March 12, 2026 07:46
Oil climbs as tankers are attacked in Iraqi waters
Oil prices climbed on Thursday after Iraqi security officials said Iranian explosive-laden boats had hit two fuel oil tankers amid other global supply disruptions from the U.S.-Israeli war on Iran.
Brent futures rose $5.69, or 6.19%, to $97.67 a barrel at 0118 GMT, and U.S. West Texas Intermediate (WTI) crude was up $5.11, or 5.86%, to $92.36.
Two foreign tankers carrying Iraqi fuel oil were hit by unidentified attackers in Iraq’s territorial waters, causing them to catch fire, the director general of the General Company for Ports, Farhan al-Fartousi, told Reuters on Wednesday.-- Reuters
Oil prices climb as tankers are attacked in Iraqi waters amid West Asia conflict
Oil prices surge as Iranian attacks on tankers in Iraqi waters escalate tensions amid the ongoing West Asia conflict.
March 12, 2026 07:44
Air New Zealand cuts 1,100 flights over fuel price fears
New Zealand’s national airline said Thursday (March 12, 2026) it would cancel 1,100 flights over the next two months, pointing to the impact of the war in the Middle East.
Air New Zealand chief executive Nikhil Ravishankar said around five percent of its flights will be cancelled, affecting 44,000 passengers.
The cancelled flights are mostly on domestic routes within New Zealand but will also include some international flights, he said.
Flights between New Zealand and the United States would not be impacted due to increased demand for alternative routes to Europe, Ravishankar added.
“With the unprecedented volatility in jet fuel prices due to the conflict in the Middle East, airlines around the world are adjusting fares and their schedules to help manage the impact of these significantly increased costs,” Mr. Ravishankar said.
Ravishankar said jet fuel typically cost about US$85 a barrel, but prices were now double that.
Cancellations would help keep flying as affordable as possible and ensure the company was efficient with fuel, he said. -- AFP
March 12, 2026 07:44
Congress criticises BJP for gas shortages
Amid long queues outside gas agencies fearing an LPG shortage in some districts of Uttar Pradesh on Wednesday (March 11, 2026) due to impact of conflict in West Asia, the Congress accused the Bharatiya Janata Party (BJP) government of failing to check black marketing alleging just as the BJP abandoned the country’s people to die during the COVID-19 pandemic, the same scenario is being repeated today in the name of gas supply, whether domestic or commercial, there are shortages everywhere. -- Mayank
Congress criticises BJP for gas shortages, highlighting public suffering amid viral videos of long queues in Uttar Pradesh
U.P. Congress chief Ajay Rai criticizes the BJP for gas shortages, highlighting public suffering amid viral videos of long queues.
Published - March 12, 2026 08:08 am IST
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