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NEW DELHI: Foreign secretary Vikram Misri represented India in a meeting that was hosted by the UK on Thursday to discuss efforts to secure the Strait of Hormuz. More than 60 countries participated in the meeting that discussed diplomatic and political, instead of military, measures to restore freedom of navigation through the key energy route.In…
NEW DELHI: The ministry of external affairs on Thursday said several neighbouring countries have sought India’s assistance for petroleum supplies amid rising regional pressures as the Middle East conflict continues. “On Bangladesh, we continue to supply energy requirements to them since 2007… We have also recently supplied 38,000 metric tonnes of petroleum products to Sri…
US President Donald Trump on Wednesday (local time) suggested that countries facing fuel shortages during the ongoing war with Iran should either buy oil from the United States or take stronger steps to secure supplies, going to the Strait o Hormuz, themselves. Speaking in a prime-time address at 9 pm EDT from the White House’s…
Representative image (AI-generated) With the near-closure of the Strait of Hormuz disrupting global oil supplies, several Asian countries are turning to Russian oil to fill the gap caused by the Iran war.Energy-starved nations in the region are taking advantage of US sanction waivers to secure Russian crude, Bloomberg reported. The Philippines recently received its first…
US President Donald Trump (AP photo) US President Donald Trump is weighing the idea of asking Arab nations to share the financial burden of the war with Iran, the White House said Monday, even as Washington signalled that diplomatic engagement with Tehran remains on track.Speaking at a press briefing, White House press secretary Karoline Leavitt…
US President Donald Trump said on Sunday that Saudi Arabia, Qatar, the UAE, Kuwait, and Bahrain are fully aligned with the United States in the ongoing war against Iran, declaring that “they are 100% on our side” as tensions continue to escalate.Speaking aboard Air Force One, Trump said the Gulf countries were initially “surprised” by…
A month into the Middle East conflict, global crude markets remain under strain, with prices rising nearly 50% since the United States and Israel launched strikes on Iran on February 28, triggering a strong response from Tehran. Oil prices had earlier surged to as high as $119 per barrel amid heightened tensions involving Iran, before…
A month into the Middle East conflict, its ripple effects are felt across economies worldwide. The crisis was triggered on February 28, when the United States and Israel launched joint strikes on Iran, setting off a chain of events that has tightened Tehran’s grip over the strategically vital Strait of Hormuz. This narrow sea passage,…
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…
PM Narendra Modi (ANI image) NEW DELHI: Prime Minister Narendra Modi on Tuesday addressed the impact of the ongoing West Asia war on India’s fuel supplies, assuring the country of sufficient crude oil storage and uninterrupted supply arrangements.Speaking in the Rajya Sabha, PM Modi said the conflict has created a serious fuel crunch globally and…
