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The Middle East war has pushed global oil markets deeper into crisis, as Iran’s tightening grip over the Strait of Hormuz continues to squeeze energy supplies worldwide. These tensions could escalate further, with Iran warning it may completely shut the passage if the US targets its power plants. At the moment, for those considering alternative…
A vessel appearing to pose as a scrapped oil tanker has signalled that it successfully crossed the Strait of Hormuz, in what appears to be the second “zombie ship” case in just days as shipowners look for ways to move cargo through the war-hit chokepoint.As per Bloomberg, a ship identifying itself as the Nabiin was…
The Strait of Hormuz is a crucial passage linking oil and gas producers in the Persian Gulf to global markets. (AI image) India’s immediate LPG crisis seems to be easing with tankers coming in and domestic production stepped up to meet needs. Two more Indian-flagged ships carrying liquefied petroleum gas (LPG) are currently transiting the…
Iran on Sunday said the Strait of Hormuz remains open to all shipping except that of its “enemies” – a reference to the United States and Israel—amid a 48-hour “ultimatum” from US President Donald Trump to “fully open” the crucial waterway, which carries about 20% of the global crude oil supply.Also Read | Iran reacts…
India is preparing a contingency plan to evacuate its ships currently stuck in the Persian Gulf. (AI image) Looking to secure crucial energy supplies amidst the Middle East crisis and US-Iran war, India is readying a plan to get ships safely through the Strait of Hormuz. India is preparing a contingency plan to evacuate its…
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…
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,…
Nanda Devi arrived at Gujarat’s Vadinar port on Tuesday NEW DELHI: Around 3 lakh tonnes of LPG loaded in six Indian-flagged ships is currently stranded in the Strait of Hormuz, the shipping ministry said on Tuesday. A second Indian ship, Nanda Devi, carrying 46,500 tonnes of LPG reached the Vadinar facility of Kandla Port on…
NEW DELHI: 92,700 tonnes of LPG — equivalent to 1.25 days of India’s cooking gas demand — have crossed the Strait of Hormuz, blocked by Iran for a fortnight, and are scheduled to reach Indian ports on Monday and Tuesday. Another 10 ships carrying crude and gas remain on standby in the Persian Gulf. Although…
NEW DELHI: In his phone conversation with Iranian President Masoud Pezeshkian late Thursday, PM Modi stressed that India is Iran’s friend and that his govt will do all it can to advance diplomacy as escalation is not in anyone’s interest. This is the closest India has come to expressing solidarity with Tehran, which said Friday…
