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Prime Minister Narendra Modi NEW DELHI: Prime Minister Narendra Modi on Monday addressed the Lok Sabha on the ongoing crisis in West Asia, triggered on February 28 when the United States and Israel launched joint attacks on Iran, plunging the Gulf region into turmoil.The continued bombings and strikes across the oil-rich region have posed serious…
The Strait of Hormuz is a crucial passage linking oil and gas producers in the Persian Gulf to global markets. (AI image) India’s immediate LPG crisis seems to be easing with tankers coming in and domestic production stepped up to meet needs. Two more Indian-flagged ships carrying liquefied petroleum gas (LPG) are currently transiting the…
The ongoing war in the Middle East has triggered an energy crisis for the world and “no country is immune” to its shockwaves, the International Energy Agency (IEA) warned on Monday. Addressing the National Press Club in Australia’s capital, Birol said the current situation has evolved into an unprecedented disruption, combining multiple shocks to oil…
Iran on Sunday threatened to “completely close” the Strait of Hormuz if US President Donald Trump acts on his warning to strike Iranian energy facilities within 48 hours. The Islamic Revolutionary Guard Corps (IRGC) said energy sites in countries hosting US bases would become “lawful” targets.The US President had warned: “If Iran doesn’t fully open,…
Iran on Sunday said the Strait of Hormuz remains open to all shipping except that of its “enemies” – a reference to the United States and Israel—amid a 48-hour “ultimatum” from US President Donald Trump to “fully open” the crucial waterway, which carries about 20% of the global crude oil supply.Also Read | Iran reacts…
Ghadir class submarines (Image/X) As the Middle East war intensifies, the battle is not limited to airstrikes and surface attacks. Even beneath the waters of the Strait of Hormuz, a hidden threat continues to loom and it is far harder to detect and neutralise.The United States has deployed A-10 attack aircraft and Apache helicopters over…
US President Donald Trump on Sunday threatened to strike Iran’s power plants if Tehran did not reopen the Strait of Hormuz within 48 hours.In a social media post, he wrote, “If Iran doesn’t fully open, without threat, the Strait of Hormuz, within 48 hours from this exact point in time, the United States of America…
The Iran war has entered its fourth week and global oil markets are showing a clear split with actual fuel supply prices are rising much faster than widely tracked oil futures. Brent crude, the global benchmark, has jumped over 50% to around $112 a barrel following the near-complete closure of the Strait of Hormuz and…
More than 20 countries on Saturday expressed readiness to help ensure safe passage through the Strait of Hormuz, condemning Iran’s closure of the strategic route.The UAE ministry of foreign affairs released a joint statement signed by the leaders of the UAE, the UK, France, Germany, Italy, the Netherlands, Japan, Canada, the Republic of Korea, New…
India is preparing a contingency plan to evacuate its ships currently stuck in the Persian Gulf. (AI image) Looking to secure crucial energy supplies amidst the Middle East crisis and US-Iran war, India is readying a plan to get ships safely through the Strait of Hormuz. India is preparing a contingency plan to evacuate its…
