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Iran said that it has “good contact” with India over the passage of ships from the Strait of Hormuz and wants to help New Delhi with navigation. It also denied charging toll for Indian tankers while transiting through the Strait of Hormuz.Iranian ambassador to India, Mohammad Fathali, in a press briefing, said that Iran and…
Saudi Arabia is set to significantly scale back its oil supplies to China next month, with traders indicating that shipments could fall to nearly half of the volumes seen in April as the Middle East tensions continue to intensify and disrupt energy flow across the country.Chinese buyers are expected to receive around 20 million barrels…
Global markets were rattled after US President Donald Trump’s announcement of naval blockade in the Strait of Hormuz. The immediate fallout was visible in Asian trading, where stocks in Japan and South Korea opened lower as investors reacted to the escalation. At the same time, crude oil prices surged sharply, with Brent and WTI jumping…
US President Donald Trump. (AP photo) Iran on Monday mocked US President Donald Trump by ridiculing his blockade announcement earlier that day with a meme that said ‘Break an enemy blockade by blockading their blockade.’Along with the meme, Iran also took a dig at Trump by writing in his style. “I have, believe me, 100…
Two supertankers carrying Iranian crude have anchored off India’s eastern and western coasts, marking a potential resumption of such imports after nearly seven years, even as the US steps up efforts to restrict Tehran’s oil exports.Ship-tracking data, cited by Bloomberg show that the Felicity, a very large crude carrier owned by the National Iranian Tanker…
TOI correspondent from Washington: The US military said it will begin enforcing President Trump-announced blockade of the Hormuz Strait at 10 am EST on Monday (730 pm IST), while clarifying that the embargo will only apply to vessels entering or departing Iranian ports and not other Gulf entrepots. “CENTCOM forces will not impede freedom of…
Oil markets opened sharply higher, surging past the $100 per barrel mark once again after US President Donald Trump announced that a blockade of Iranian ports would begin from Monday (local time).US crude oil or WTI skyrocketed 8% to $104.24 per barrel, while Brent crude, the global benchmark, soared 7% to $102.29 in early trading.The…
Oil markets opened sharply higher, surging past the $100 per barrel mark once again after US President Donald Trump announced that a blockade of Iranian ports would begin from Monday (local time).US crude oil or WTI skyrocketed 8% to $104.24 per barrel, while Brent crude, the global benchmark, soared 7% to $102.29 in early trading.The…
The US military has announced it will begin blockading all Iranian Gulf ports on Monday at 1400 GMT (April 13), while allowing vessels not bound for Iran to continue transiting the strategically vital Strait of Hormuz.“The blockade will be enforced impartially against vessels of all nations entering or departing Iranian ports and coastal areas, including…
China is carrying out an extensive ocean-mapping and monitoring programme across the Pacific, Indian and Arctic oceans, collecting data that naval experts believe could significantly enhance its submarine warfare capabilities against the United States and its allies. The effort, involving dozens of research vessels and hundreds of underwater sensors, is not limited to scientific research….
