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The Trump administration significantly underestimated the possibility that Iran would move to close the Strait of Hormuz in response to US military strikes, leaving Washington scrambling to manage the economic fallout as the conflict disrupts one of the world’s most critical energy routes, according to sources cited by CNN.Officials familiar with internal discussions said the…
NEW DELHI: US envoy to India Sergio Gor on Friday expressed concern over rising tensions at the Strait of Hormuz, asserting that India is “vital partner” for the United States in helping keep global oil prices stable as the Middle East conflict intensifies.Speaking at the India Today Conclave, Gor said, “Today we’re in a situation…
India’s manufacturing sector is on high alert as the war involving Iran threatens to disrupt key maritime routes used for global trade. (AI image) US-Iran war impact: The ripple effects of the ongoing Middle East tensions, LPG supply issues, rising oil prices and closure of Strait of Hormuz are being felt across industries in India….
As tensions in the Middle East continue to boil, the ripple effects are being felt across global oil markets. Disruptions around the Strait of Hormuz, one of the world’s most vital oil transit routes, have thrown supply chains into uncertainty, prompting governments and refiners worldwide to rush in search of alternatives. The International Energy Agency…
A temporary waiver issued by the United States has opened the door for buyers to purchase Russian oil cargoes that are already at sea, placing nearly 30 tankers in Asian waters back in the market. According to ship-tracking data compiled by Bloomberg, these vessels together are carrying at least 19 million barrels of Russian crude…
Iran’s ambassador to the United Nations said Tehran does not plan to close the Strait of Hormuz, appearing to strike a more measured tone after remarks by the country’s newly appointed supreme leader Mojtaba Khamenei suggesting the strategic waterway could be used as leverage.Speaking to reporters at the UN on Thursday, Amir Saeid Iravani said…
NEW DELHI: The govt said on Thursday that external affairs minister (EAM) S Jaishankar had discussed safe passage for commercial shipping through the Strait of Hormuz in a conversation with his Iranian counterpart Seyed Araghchi on Tuesday but did not confirm if there’s any assurance yet from Tehran that India-bound vessels would not be targeted….
Representative AI image (Credit: Chatgpt) The narrow waters of the Strait of Hormuz, a vital artery of the global energy system have become the epicentre of the latest shock to oil markets as the US-Israeli war on Iran escalates. Tankers are anchored, refineries are struggling to ship fuel, and some of the world’s biggest oil…
In his first public message since taking over as Iran’s supreme leader, Mojtaba Khamenei struck a defiant tone on Thursday, making it apparent that Tehran will continue targeting US interests in the Gulf and could keep the Strait of Hormuz closed as “leverage” in the escalating conflict.The message was delivered by a news anchor on…
The United States military is not yet ready to escort commercial oil tankers through the strategically vital Strait of Hormuz, as its resources are currently focused on operations against Iran, US energy secretary Chris Wright said on Thursday.Speaking to CNBC, Wright said the US military’s immediate priority is targeting Iran’s offensive capabilities and the industries…
