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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…
President Donald Trump recently urged nations worldwide to dispatch warships to seize control of the Strait of Hormuz, declaring it a collective duty to break Iran’s blockade amid soaring global oil prices. Speaking on March 13, Trump called for contributions from allies like the UK, France, Japan, and even China to bolster his “beautiful armada”,…
Retail diesel prices in the United States soared past $5 a gallon, reaching a milestone seen only once before, according to GasBuddy, the fuel markets tracker. Economists warn that the surge could slow global economic activity. Diesel is essential for freight and manufacturing, and rising fuel costs are likely to push up the price of…
NEW DELHI: As the world grapples with the Strait of Hormuz crisis, Congress leader Jairam Ramesh on Tuesday drew parallels with the 1956 Suez Canal crisis, highlighting how India’s then-UN envoy, VK Krishna Menon, played a central role in the diplomatic efforts to resolve it.Menon later served as India’s defence minister but resigned after the…
As the Middle East conflict enters its third week, rising tensions are pushing global oil prices higher. Crude from the Middle East has seen the sharpest spike, becoming the world’s most expensive oil as disruptions to key supply routes continue. According to a Reuters report, S&P Global Platts assessed cash Dubai crude at $153.25 per…
US President Donald Trump on Monday claimed that the United States has “literally obliterated” Iran’s military capabilities, saying American forces have struck more than 7,000 targets across the country since the start of the conflict, even as he urged other nations to join efforts to secure shipping through the Strait of Hormuz.Speaking ahead of a…
File photo: British PM Keir Starmer UK Prime Minister Keir Starmer said on Monday that Britain “will not be drawn into the wider war” in the Middle East, even as it works with the US, European partners and Gulf allies on a “viable collective plan” to reopen the Strait of Hormuz, the critical energy chokepoint…
As the Middle East crisis escalate and Iran continues to choke Strait of Hormuz, Saudi Arabia has moved to pitched another option to its long-term oil buyers. The kingdom is offering long-term buyers the choice to receive their April crude shipments through its Red Sea port of Yanbu, amid ongoing disruptions in the Strait of…
S Jaishankar (PTI file photo) NEW DELHI: India hailed its direct talks with Iran as the “most effective way” to restart shipping through the disrupted Strait of Hormuz, which has affected global supplies, while Tehran allowed Indian-flagged vessels to pass through the route.In an interview with the Financial Times, external affairs minister S Jaishankar praised…
US President Donald Trump US President Donald Trump’s call to seven countries to send warships to help keep the Strait of Hormuz open has drawn a negative response from Washington’s allies, putting his plans in jeopardy.While he named China, Britain, France, Japan and South Korea in a social media post on Saturday, urging them to…
