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Current Affairs 18 March 2026

In short

  • India Boosts Russian Oil Imports Amid Strait of Hormuz Disruptions
  • Canada PM Mark Carney Visits India to Reset Bilateral Ties

…and 8 more stories on GENERAL.

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India Boosts Russian Oil Imports Amid Strait of Hormuz Disruptions

Due to disruptions in oil flows through the Strait of Hormuz caused by West Asia conflict, India and public sector refiners are considering increasing Russian crude imports to ensure supply continuity. India had recently cut Russian oil purchases during US trade talks but now faces potential shortages from suspended Hormuz shipments. Abundant Russian supplies offer a buffer against global energy market volatility. The impact on India hinges on disruption duration, with experts deeming prolonged blockades unlikely. Domestic fuel prices could rise if shortages persist.

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Which strait is central to the recent oil supply disruptions affecting India's imports?

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Canada PM Mark Carney Visits India to Reset Bilateral Ties

Canadian Prime Minister Mark Carney visited India, marking the first full bilateral PM visit since 2018, to rebuild trust strained by 2023 Nijjar killing dispute. Talks with Indian PM covered economic ties, energy, security, and West Asia conflict, emphasizing diplomacy. Key outcomes include a $1.9 billion uranium supply deal for 10,000 tonnes (2027-2035) by Cameco for Indian nuclear plants. Agreements also cover strategic energy partnership in renewables, SMRs, and Canada joining International Solar Alliance and Global Biofuel Alliance. Security cooperation targets counterterrorism and Khalistani extremism via a Joint Working Group.

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What is the value of the India-Canada uranium supply agreement signed during PM Carney's visit?

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Current Affairs by JobSafal