Latest News, Updates & Breaking Headlines
As shipping in the Strait of Hormuz continues to be disrupted due to the Middle East crisis, defence companies and marine contractors are planning to deploy uncrewed mine-clearing systems in and around the narrow waterway.According to a report by the Financial Times, the United Kingdom will send autonomous minehunting vessels built by Canada’s Kraken Robotics…
Oil prices extended their rally on Monday, jumping more than 2% as intensifying geopolitical tensions kept traders on edge and efforts to de-escalate the Middle East conflict showed little progress. Sentiment was further shaken after reports of an attack on a nuclear power plant in the United Arab Emirates. Alongside this, US President Donald Trump…
Iran’s widening war with the US and much of the Middle East appears to be entering a new phase. After using the Strait of Hormuz as leverage during months of military escalation, Tehran is now signalling that it could target another critical global chokepoint: the vast network of subsea internet cables running beneath the Gulf.According…
The Marshall Islands-flagged tanker Symi, an LPG carrier transporting nearly 20,000 tonnes of liquid propane and butane, has safely docked at Deendayal Port in Kandla. The vessel crossed the Strait of Hormuz on May 13, marking another crucial movement of energy supplies through the key maritime route amid the ongoing Middle East crisis. The vessel…
Global crude oil prices climbed more than 1% on Friday after US President Donald Trump said he would not remain “much more patient” with Iran, while fears over attacks on ships and disruptions in the Strait of Hormuz continued to keep markets on edge.Brent crude futures rose $1.32, or 1.25%, to $107.04 a barrel by…
Iran’s Revolutionary Guards said around 30 ships had crossed the Strait of Hormuz with Tehran’s permission since Wednesday evening, signalling a limited easing of restrictions on one of the world’s most important energy routes. Iranian media reported that several Chinese vessels were among those allowed through after what officials described as close coordination between Beijing…
US President Donald Trump has said that Chinese President Xi Jinping had offered China’s help to reopen the Strait of Hormuz and pledged not to provide military equipment to Iran amid its war with the United States and Israel.Trump made the remarks in an interview with Fox News following a two-day summit with Xi in…
India’s demand for natural gas has been climbing steadily as the country seeks to raise the share of gas in its overall energy basket. (AI image) As concerns surrounding the Strait of Hormuz intensify, India is fast-tracking efforts to secure uninterrupted gas imports from the Gulf through a direct subsea pipeline. With energy security emerging…
NEW DELHI: In the past 24 hours, two India-bound ships carrying LPG crossed the Strait of Hormuz, taking the total number of such vessels to 13. The two ships are foreign-flagged vessels.Officials said the Marshall Islands-flagged LPG carrier Symi transited through the Strait of Hormuz on Wednesday and it’s proceeding with a crew of 21,…
Oil prices edged higher on Thursday as traders remained cautious ahead of US President Donald Trump’s meeting with Chinese President Xi Jinping in Beijing. Oil markets have stayed elevated since the outbreak of the Middle East conflict, with disruptions in the Strait of Hormuz, a critical global oil transit route, continuing for 75 days.By 7:05…
