Tehran has asked New Delhi for the release of three seized tanker ships in return for the safe passage of India-bound tankers through Strait of Hormuz amid the ongoing Gulf crisis triggered by US and Israel’s attack on Iran, Reuters reported citing sources on Monday. The report said that Iran’s ambassador to India met foreign…
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…
MUMBAI: Even as tensions continue to disrupt shipping routes in the Persian Gulf, two crude oil tankers have safely crossed the Strait of Hormuz and are heading towards Indian ports, offering a measure of relief on energy supplies. The Liberian-flagged tanker MT Smyrni is expected to arrive at Mumbai port on Saturday carrying about 1.4…
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…
What began as coordinated and carefully planned strikes by the United States and Israel on Iran, targeting the regime of its longest-serving Supreme Leader Ayatollah Ali Khamenei, has now spiralled into a full-blown military crisis across the Middle East. The region’s skies are crowded with drones and missiles, with Tehran showcasing its ballistic capabilities by…
At least one person has died and two oil tankers caught fire in the Persian Gulf off the coast of Basra, Iraq on Wednesday, after explosions that officials suspect were caused by an attack.Reuters reported that explosive-laden Iranian boats may have struck the vessels, citing preliminary findings from an Iraqi-led investigation into the incident. The…
India is seeking support from the United States to secure marine insurance cover for vessels transporting oil from the Middle East, as the government looks to ensure continuity of energy supplies amid disruptions in the Strait of Hormuz, a senior oil ministry official told PTI.The move comes as the widening conflict in West Asia has…
Photo: File photo of oil vessel Asphalt Star NEW DELHI: Indian coastal authorities reportedly “seized three US-sanctioned tanker ships linked to Iran” earlier this month, a source informed TOI on Monday. The vessel seizures follow the improvement in India-US relations with Washington announcing recently that it would cut import tariffs on Indian goods to 18%…
Russian foreign minister Sergei Lavrov Russian foreign minister Sergei Lavrov has accused the United States of trying to prevent India and other countries from buying Russian oil, describing Washington’s policies as coercive and aimed at achieving global economic domination.In an interview with TV BRICS, reported by Sputnik, Lavrov alleged that the US was using sanctions,…
Venezuela is producing approximately 900,000 barrels per day (kbd) of crude oil and condensate, which makes up about 1% of the global oil supply. (AI image) US President Donald Trump’s latest escalation in tensions and blockade of Venezuela oil tankers may have little impact on the global crude oil market, believes global real-time data and…