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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…
NEW DELHI: Fears of LPG shortage have begun spreading across the country as the escalating conflict in Middle East disrupts global energy supply chains. The closure of the Strait of Hormuz following Iranian retaliation against US–Israel strikes has triggered panic buying, long queues at LPG agencies and petrol pumps, and forced restaurants and small businesses…
NEW DELHI: One of the first crude oil tankers arrived at Mumbai Port after passing through the Strait of Hormuz since the Iran-US conflict began.According to news agency ANI, the Liberia-flagged tanker Shenlong Suezmax docked at Mumbai Port at 1 pm on Wednesday and was berthed at Jawahar Dweep at 6:06 pm. The tanker had…
NEW DELHI: A crude oil tanker that passed through the Strait of Hormuz has arrived at Mumbai Port, becoming one of the first vessels to reach India via the critical route amid escalating tensions in the Middle East. According to the Mumbai Port Trust, the Liberia-flagged tanker Shenlong Suezmax, captained by an Indian national and…
Iran on Thursday allowed Indian-flagged vessels to pass safely through the Strait of Hormuz, even as maritime traffic through the strategic waterway has slowed sharply following the US-Israel strikes on Iran, according to a report in The Economic Times.The move comes amid growing concerns over the safety of global energy supply routes that pass through…
NEW DELHI: Foreign minister S Jaishankar discussed the situation in the Strait of Hormuz with his Iranian counterpart Seyed Abbas Araghchi in a phone conversation on Tuesday evening. While Jaishankar stressed the need for safe merchant shipping, an Iranian readout said that they discussed the “consequences of the US and Israeli regime’s military aggression on…
Twenty crew members have been rescued, while three remain missing after a Thai cargo vessel was struck by unknown projectiles in the Strait of Hormuz, Thailand’s Transport Ministry said on Wednesday.According to the ministry, the crew abandoned the vessel in a lifeboat after the incident and were later rescued by the Omani navy. Authorities said…
Iran shipped millions of barrels of crude oil, all to China, through the Strait of Hormuz despite escalating tensions in the region following the outbreak of the US-Israel war with Iran on February 28, which has disrupted broader maritime traffic through the key energy corridor.At least 11.7 million barrels of Iranian crude have passed through…
