Middle East crisis: Oil prices cross $83 per barrel as Strait of Hormuz disruption hits supply
New Delhi: Global crude oil prices rose sharply on Thursday, crossing $83 per barrel, following Iran’s move to shut down the Strait of Hormuz amid escalating tensions in the Middle East.
Oil prices have increased by more than 2 per cent due to concerns over supply disruptions in the region, which is a key route for global energy shipments.
A sustained rise in crude prices could significantly affect India’s import bill. Government estimates indicate that an increase of $1 per barrel in crude oil prices for a full year could raise India’s import bill by around Rs 16,000 crore.
However, government sources said India remains in a relatively comfortable position in the short term. The country currently has crude oil reserves sufficient for about 25 days, along with an additional 25 days’ supply of petroleum products, including shipments already in transit to Indian ports.
India imports nearly 85 per cent of its crude oil requirements from the Middle East, with much of the supply traditionally passing through the Strait of Hormuz, one of the world’s most critical oil transit routes.
Officials said India has strengthened its energy security in recent years by diversifying its sources of crude oil imports. Supplies have increasingly been sourced from countries such as Russia, African nations and the United States, reducing dependence on Gulf routes.
As a result, a portion of India’s oil imports now bypasses the Strait of Hormuz.
India spent about $137 billion on crude oil imports in the financial year ending March 31, 2025. In the current financial year, from April 2025 to January 2026, the country spent approximately $100.4 billion to import 206.3 million tonnes of crude oil.
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Actor Rahul's death: Film body demands fair probe, files police complaint
Kolkata (PTI): Amidst the controversy over the accidental death of actor Rahul Arunoday Banerjee during an outdoor shoot near Digha in Purba Medinipur district, the West Bengal Motion Picture Artists' Forum on Saturday lodged a police complaint against the producers in connection with the incident.
Senior forum members, including actors Prosenjit Chatterjee and Santilal Mukherjee, told a press meet outside Regent Park police station that the complaint called for a fair and transparent probe into the tragedy.
"We want the real truth and exact circumstances behind the incident to come to light," a forum member said. Actor Rituparna Sengupta was also present at the briefing.
Banerjee's wife, Priyanka Sarkar, was also present but did not speak to the media.
"On March 29, during the shooting of television serial 'Bholey Baba Par Karega' at Talsari near Digha, our colleague and forum member, actor Rahul Arunoday Banerjee, tragically passed away due to an accidental drowning," the forum said in a statement on Friday night.
"In this regard, the forum, on behalf of its members, sought legal advice to ascertain the exact circumstances surrounding the incident. Accordingly, a formal letter was sent to the production house.... on April 1 seeking clarification," the statement said.
"However, the response received on April 2 was found to be unsatisfactory and inadequate. Since then, various opinions and concerns have also been expressed on social media regarding the incident," the forum said.
Mukherjee said in light of this, and after further legal consultation, the forum has decided to initiate legal proceedings.
Chatterjee said the forum would consult lawyers to decide the next course of action.
Meanwhile, several members of the Bengali film industry held a procession from Technicians' Studio to Radha Studio, a distance of around 1 km, carrying placards reading 'Justice for Rahul'.
The rally was led by several known faces of the industry, including actor-director Aparna Sen, Anjan Dutt, director Srijit Mukherjee, Kaushik Ganguly, actor-director Parambrata Chatterjee, actor Rudranil Ghosh, actor Riddhi Sen, actor-theatre personality Kaushik Sen, among others.
The rally was supported by technician federation director Swarup Biswas.
Earlier, the makers of 'Bholey Baba Par Karega' had expressed grief over Banerjee’s death and assured that the circumstances surrounding the incident would be examined transparently.
"The entire cast and crew are in profound mourning. We request a few days to gather accounts of those present so that a comprehensive and accurate report can be presented," the producers had said, adding that a representative nominated by the actor’s family or the forum could observe the process.
Police officials said according to eyewitness accounts, Banerjee and a co-actor were filming a dance sequence in knee-deep water when they slipped into an underwater ditch. Both were taken to a hospital in Digha, but Banerjee could not be saved.
Banerjee rose to fame with the 2008 Bengali film 'Chirodini Tumi Je Amar', directed by Raj Chakraborty, which starred him opposite Priyanka Sarkar and became a major hit.
Rahul, who had started his career in early 2000, acted in several critically acclaimed Bengali films and TV soaps after the blockbuster success of Chirodini in 2008 and also started hosting a podcast which gained popularity.
