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US President Donald Trump, on Tuesday, warned Iran of severe consequences if it attempts to disrupt oil shipments through the strategically vital Strait of Hormuz. In a strongly worded statement, Trump said that any move by Tehran to block the flow of crude through the key global shipping route would trigger a much stronger response…
As the Middle East conflict continues to escalate, India is rerouting its crude supply chains to secure uninterrupted fuel imports. Indian refiners are securing additional crude oil from the United States, Russia, and West Africa to maintain adequate supplies if the Middle East conflict stretches on for long, industry officials and analysts said. Refineries that…
NEW DELHI: A shipping lobby group and a state-run oil company on Friday sought security escort for vessels moving in and out of the Strait of Hormuz, the channel for oil and gas supply from West Asia, while also suggesting access through other ports, such as Yanbu in Saudi Arabia, to ensure uninterrupted flow of…
The Strait of Hormuz, a critical global shipping route, is also emerging as a vulnerable corridor for undersea internet cables as tensions in West Asia escalate.The passage controls about a third of India’s westward internet traffic, and experts say this capacity cannot be easily rerouted because alternate routes have limited supply.The deteriorating security situation has…
Rising tensions in West Asia and the possibility of disruption to shipping through the Strait of Hormuz could pose a serious threat to India’s tea exports to key Gulf markets, industry representatives have warned.The Tea Association of India said a large share of the country’s tea shipments to the Persian Gulf region moves through the…
Any interruption to navigation in the Strait of Hormuz poses a serious threat to international oil trade flows. Strait of Hormuz closure has sent shockwaves in global markets and with no signs of the US-Israel-Iran war de-escalating, oil prices have been climbing up. The expanding conflict in Iran has brought tanker movement through the Strait…
Oil prices spiked sharply on Tuesday as the Iran war disrupted supplies, with the Strait of Hormuz effectively closed and key energy infrastructure hit, AFP reported.The Brent North Sea crude contract, the international benchmark, jumped more than eight per cent to $85.12 a barrel, its highest level since July 2024.The main US oil contract, West…
Deadly fighting across the Middle East intensified on Tuesday as Washington urged its citizens to leave much of the region and President Donald Trump signalled the conflict with Iran could last far longer than initially projected.Powerful explosions rocked Tehran overnight as US and Israeli strikes continued for a third day. Fighter jets were heard over…
Iran’s Revolutionary Guards have declared the Strait of Hormuz closed, warning that any vessel attempting to pass will be attacked. Ebrahim Jabari, a senior adviser to the commander-in-chief of the Islamic Revolutionary Guard Corps (IRGC), said ships trying to transit the narrow waterway would be “set ablaze”.The strait, which lies between Iran and Oman, is…
Oil prices surged sharply on Monday as disruptions to tanker traffic through the Strait of Hormuz heightened concerns over global energy supply amid US and Israeli attacks on Iran. US crude jumped 7.6 per cent to $72.12 per barrel, while Brent crude rose 8.6 per cent to $79.11 per barrel. European natural gas futures also…
