New Delhi, March 16 (Reuters): Iran has asked India to release three tankers seized in February as part of talks ​seeking the safe passage of Indian‑flagged or India‑bound vessels out of the Gulf via the Strait of Hormuz, three sources ‌with knowledge of the matter told Reuters. Indian authorities seized the three Iran‑linked tankers near Indian waters alleging they had concealed or altered their identities and were involved in illegal ship‑to‑ship transfers at sea. Tehran has also sought supplies of certain medicines and medical equipment, according to one of the sources, an Iranian official. Iran’s ambassador to ​New Delhi met

BEIRUT, Lebanon (AP) — Fears of a global energy crisis rose Monday as the war in the Middle East raged on, with more U.S.-Israeli strikes on the Iranian capital and Israel’s bombardment of Lebanon. An Iranian drone strike temporarily shut Dubai’s airport, a crucial global travel hub, underscoring the threats to the world economy. Since the United States and Israel attacked Iran more than two weeks ago, Tehran has regularly fired on Israel, American bases in the region, and Gulf Arab countries’ energy infrastructure with drones and missiles. Iranian strikes on commercial ships in and around the Strait of Hormuz

New Delhi, Mar 16 (PTI) City gas distribution companies have rolled out incentives to encourage consumers to shift from LPG to piped cooking gas (PNG) as part of the government plan to ease pressure on LPG supplies, a senior petroleum ministry official said on Monday. Indraprastha Gas Ltd (IGL) – the CNG and piped cooking gas (PNG) retailer in Delhi and adjoining cities – is offering domestic consumers free gas worth Rs 500 if they take a PNG connection and start using it before March 31, while Mumbai-retailer Mahanagar Gas Ltd has announced incentives, including waiver of Rs 500 registration

New Delhi, Mar 16 (PTI): Wholesale price inflation rose to a 11-month high of 2.13 per cent in February, driven by an uptick in prices of food and non-food articles, even though vegetable prices eased on a month-on-month basis, government data showed on Monday. This is the fourth straight month of rise in Wholesale Price Index (WPI)-based inflation. It was 1.81 per cent in January and 2.45 per cent in February last year. Economists said the WPI inflation is likely to pick up pace further if the oil price rise persists, and spills over to other goods (fertilisers, aluminium) given