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‘Crisis worse than two 1970s oil shocks put together’: IEA chief’s big warning on Strait of Hormuz

The ongoing war in the Middle East has triggered an energy crisis for the world and “no country is immune” to its shockwaves, the International Energy Agency (IEA) warned on Monday. Addressing the National Press Club in Australia’s capital, Birol said the current situation has evolved into an unprecedented disruption, combining multiple shocks to oil…

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After Trump’s warning, Iran threatens to close the Strait of Hormuz

Iran on Sunday threatened to “completely close” the Strait of Hormuz if US President Donald Trump acts on his warning to strike Iranian energy facilities within 48 hours. The Islamic Revolutionary Guard Corps (IRGC) said energy sites in countries hosting US bases would become “lawful” targets.The US President had warned: “If Iran doesn’t fully open,…

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After Trump’s 48-hour ultimatum, Iran says ships can pass Hormuz Strait — except ‘enemy’ vessels

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…

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Under the sea: How Iran’s invisible fleet of ‘midget submarines’ is turning Strait of Hormuz into danger zone

Ghadir class submarines (Image/X) As the Middle East war intensifies, the battle is not limited to airstrikes and surface attacks. Even beneath the waters of the Strait of Hormuz, a hidden threat continues to loom and it is far harder to detect and neutralise.The United States has deployed A-10 attack aircraft and Apache helicopters over…

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Over 20 nations issue joint statement condemning Iran’s de facto closure of Hormuz Strait

More than 20 countries on Saturday expressed readiness to help ensure safe passage through the Strait of Hormuz, condemning Iran’s closure of the strategic route.The UAE ministry of foreign affairs released a joint statement signed by the leaders of the UAE, the UK, France, Germany, Italy, the Netherlands, Japan, Canada, the Republic of Korea, New…

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Securing LPG, LNG, crude oil: India plans evacuation for ships near Strait of Hormuz – here’s what’s being considered

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…

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Trump sanctions waiver for Iran crude oil: What does it mean for India amid Strait of Hormuz supply disruptions?

India has not imported crude oil from Iran since mid-2019, after the United States withdrew sanctions waivers. (AI image) Will India get access to Iran crude oil after over 6 years? Amid the raging Middle-East conflict and rising oil prices, the Donald Trump administration has announced a temporary relaxation of sanctions on Iranian oil. This…

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