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North Atlantic Treaty Organization is discussing the possibility of deploying forces to help protect commercial shipping through the strategically crucial Strait of Hormuz if the waterway remains blocked into July, Bloomberg reported, citing senior alliance and diplomatic officials.According to Bloomberg, the proposal has backing from several Nato members, though the alliance has not yet reached…
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,…
NEW DELHI: Government on Tuesday launched the $1.5-billion Bharat Maritime Insurance Pool, backed by a $1.4-billion sovereign guarantee (Rs 12,980 crore), to provide risk cover for Indian vessels on international routes, including war zones. The move is expected to lower shipping insurance premiums and ensure coverage even when global insurers pull out due to escalating…
In a major push to India’s agricultural exports and the government’s One District One Product (ODOP) initiative, APEDA has facilitated the first-ever export of 20 metric tonnes of honey from Assam’s Baksa district to the United States, ANI reported.According to the Commerce and Industry Ministry, the consignment was flagged off on May 9 and exported…
For thousands of sailors stranded on nearly 1,600 ships in the Strait of Hormuz, “Project Freedom” turned out to be more of a pit stop than passage. US President Donald Trump’s much-talked-about plan to help commercial vessels cross one of the world’s most dangerous waterways lasted just 48 hours, with only two ships making it…
US President Donald Trump on Thursday claimed that three American naval destroyers came under fire while transiting through the Strait of Hormuz, but suffered no damage during the incident. He also warned Iran of stronger military action if it does not agree to sign the deal fast.In a post on Truth Social, Trump wrote: “Three…
OPEC+ announced on Sunday that seven member nations would increase their combined production targets. (AI image) Oil price today: Crude oil prices on Monday edged down after US President Donald Trump announced that Washington would take steps to assist vessels stranded in the Strait of Hormuz. Still, crude remained firmly above the $100-a-barrel mark as…
US President Donald Trump unveiled an initiative called “Project Freedom”, aimed at assisting commercial vessels currently stranded in the Strait of Hormuz amid rising tensions in the Gulf region.In a post on Truth Social on Sunday (local time), Trump said that multiple countries had requested American assistance to help their ships safely exit the strategically…
Israeli prime minister Benjamin Netanyahu said the country had successfully intercepted and turned back a Gaza-bound flotilla carrying activists, commending the country’s navy for the operation.In a post on X on Thursday, Netanyahu praised the Israeli Navy for stopping the vessels before they reached Gaza. “Well done to our Navy! I instructed them to prevent…
An S-400 air defence system New Delhi: Russia has shipped the fourth batch of S-400 Triumf defence system that “will reach India by mid-May” soon after the May 7 anniversary of Operation Sindoor, a defence source told TOI. The fifth S-400 system is expected to arrive in India in November. The Russian S-400 system proved…
