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The Middle East conflict has entered its fourth week and the ripple effects are beginning to show up across major economies. Concerns are growing that any further escalation could disrupt energy flows and add pressure to an already fragile global outlook. The strain is not falling evenly on every country.Some nations are far more exposed…
India has not imported crude oil from Iran since mid-2019, after the United States withdrew sanctions waivers. (AI image) Will India get access to Iran crude oil after over 6 years? Amid the raging Middle-East conflict and rising oil prices, the Donald Trump administration has announced a temporary relaxation of sanctions on Iranian oil. This…
Iran’s Hormuz chokehold has reshaped India’s oil purchase pattern, with a sharp drop in Gulf supplies this month pushing refiners towards Russia and smaller producers to keep supplies steady. So far in March, crude imports into the country are down 23% compared to February, according to shipping data and analyst estimates cited by ET. The…
Image used for representative purposes The British government has authorised the United States to use military bases in the UK to carry out strikes on Iranian missile positions targeting ships in the Strait of Hormuz, according to a Downing Street statement,.British ministers met on Friday to review the escalating conflict with Iran and Tehran’s disruption…
NEW DELHI: United States’s third warship is heading towards the Middle East, with some reports suggesting a possible movement towards the Strait of Hormuz to deploy around 2,200 Marines for a potential operation involving Iran’s Kharg Island. At the centre of these developments is USS Tripoli, an amphibious assault ship capable of transporting, landing, and…
Strait of Hormuz (AP image) Iran has introduced a ‘safe shipping corridor’ that allows selected vessels to pass through the Strait of Hormuz via a route inside its territorial waters, as tensions in the region continue to disrupt global maritime traffic.The corridor is being offered only to ships that receive prior approval from Iranian authorities,…
The United States has stepped up operations in the Strait of Hormuz, targeting Iran’s mine-laying vessels amid growing fears of disruptions to one of the world’s most critical oil supply routes.As tensions in West Asia set to enter fourth week, US forces are actively hunting and destroying Iranian naval assets, including vessels capable of mining…
There is a chance that North American LPG will gain a stronger foothold in the Indian import mix. (AI image) India is turning to the US to mitigate its ongoing LPG supply crisis as the war rages on in the Middle East. India gets around 60% of its LPG needs from the Gulf region, and…
India has condemned attacks on commercial shipping in the Strait of Hormuz, calling them “unacceptable,” as the International Maritime Organization (IMO) urged coordinated action to safeguard civilian vessels in the Gulf region.Addressing the 36th extraordinary session of the IMO Council in London on Thursday, Vikram Doraiswamy, India’s ambassador to the UK, emphasised New Delhi’s commitment…
File photo (Picture credit: AP) Six major powers, Britain, France, Germany, Italy, the Netherlands and Japan, said on Thursday they are ready to support efforts to ensure safe passage through the Strait of Hormuz, as the conflict in the Gulf continues to disrupt one of the world’s most critical energy chokepoints.In a joint statement, the…
