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Strait of Hormuz (AP photo) Iran on Thursday said that, despite ongoing military escalation in the Middle East, it has allowed transit through the Strait of Hormuz for “friendly nations,” including India.The consulate general of Iran in Mumbai shared a statement from Iran’s foreign minister Abbas Araghchi, saying: “We have permitted passage through the Strait…
India has faced significant disruption to energy supplies routed through the Strait of Hormuz. (AI image) For the first time in several years, India has reportedly purchased liquified petroleum gas (LPG) from Iran after the Donald Trump administration granted a 30-day sanctions waiver to keep oil and gas prices in check. India had stopped energy…
Oil price today: Oil prices inched higher on Thursday, once again swinging past the $100 mark after a sharp drop in the previous session. Brent crude rose by $1.13, or 1.1%, to $103.35 a barrel by 0051 GMT, while US West Texas Intermediate crude gained $1.08, or 1.2%, to $91.40 a barrel. The rebound follows…
NEW DELHI: Amid the conflict in West Asia, the Indian Navy has “deployed more than five frontline warships under a mission named Operation Urja Suraksha” to ensure safe movement of India-bound cargo ships after they exit the Iran-controlled choke point at the Strait of Hormuz, sources in the defence establishment confirmed to TOI.The operation focuses…
The Strait of Hormuz is at the centre of the US-Iran war, and the world is being reminded of a hard geopolitical truth: when a narrow waterway is threatened, the shock travels far beyond the battlefield.Tankers slow, insurers panic, freight costs jump, and energy markets convulse. Watch ‘Stop Fighting’: China’s Blunt Message To Iran &…
Iran has turned back a Pakistan-bound container vessel attempting to pass through the Strait of Hormuz, citing a “lack of permission” and failure to comply with maritime protocols. According to Alireza Tangsiri, commander of the Islamic Revolutionary Guard Corps (IRGC) Navy, the vessel identified as SELEN was intercepted and forced to turn back after it…
NEW DELHI: Govt on Tuesday said five LPG tankers with nearly 2.3 lakh tonne of cooking gas are in the west of Strait of Hormuz and another tanker will get loaded in the next few days. It said the two ships, Pine Gas and Jag Vasant, will reach New Mangalore and Kandla ports this week,…
NEW DELHI: Two Indian-flagged LPG tankers, carrying around 92,600 tonne of cooking gas, crossed the war-hit Strait of Hormuz on Monday evening. The ships – Jag Vasant and Pine Gas – are likely to reach ports between Thursday and Saturday, the shipping ministry said.With this, four Indian-flagged vessels have sailed through the conflict-hit choke point…
A vessel appearing to pose as a scrapped oil tanker has signalled that it successfully crossed the Strait of Hormuz, in what appears to be the second “zombie ship” case in just days as shipowners look for ways to move cargo through the war-hit chokepoint.As per Bloomberg, a ship identifying itself as the Nabiin was…
The Middle East conflict continues to squeeze global energy supplies as the war drags on, sending ripples of concern across markets worldwide. Against this uncertain backdrop, Saudi Arabia, appears long prepared for a worst-case scenario like this. The kingdom has effectively pressed the “contingency plan” button after the Strait of Hormuz was disrupted following US…
