“Amid reports of LPG carriers being stranded in the Strait of Hormuz, ensuring safe passage for LPG cargoes bound for Indian shores remains critical, especially given the Iran government’s indication that non-US and non-Israeli vessels will be permitted transit and the strength of India-Iran diplomatic engagement. However, as the route continues to pass through an…
New Delhi: Amid the ongoing war in West Asia and ships stranded in the Strait of Hormuz, India may consider setting up a protection and indemnity (P&I) club for shipping lines and vessels. Addressing the media on the developments, Rajesh Kumar Sinha, special secretary, ministry of ports, shipping and waterways, said his ministry is in…
The Iranian Embassy has completely refuted the Reuters news, which claimed that Iran has asked to give safe passage to Indian ships from Hormuz on the condition of releasing three oil tankers seized from India. While talking to ABP News, the Iranian Embassy clearly said that this report is not true and there is no…
Oil was little changed after a volatile session in which investors weighed signs of less-tight conditions against rising military threats to energy infrastructure across the Middle East. West Texas Intermediate traded above $94 a barrel, after losing 5.3% on Monday, while Brent settled above $100 for a third straight session. The US and Iran both…
New Delhi: Amid the escalating war in West Asia and the closure of the Strait of Hormuz, India has offered relief to shipping and cargo owners, allowing stranded vessels to temporarily dock at its ports at reduced charges, including anchorage fee, berth hire and storage charges, Rajesh Kumar Sinha, special secretary in the ministry of…
Union Minister Piyush Goyal has said that due to the current global situation and war, India’s economy may be affected for a short time, but the country will soon overcome these challenges. He said this during CNBC-TV18 India Business Leaders Awards 2026. Goyal said that India is a country with a strong and stable economy,…
US President Donald Trump has threatened to intensify attacks on Iran’s oil export center located on Kharg Island. Trump has appealed to the affected countries to send warships to secure the Strait of Hormuz. On the other hand, Tehran has also said that the attacks will continue. What did Donald Trump say now? Trump said…
Amidst the American attacks, Iran’s Foreign Minister Seyyed Abbas Araghchi has cornered Washington regarding Russian oil. He said that the Trump administration is begging countries around the world including India to buy Russian oil. He further said that earlier America had put pressure on Russia to stop oil imports. Iranian Foreign Minister targeted America by…
After the American attack on Iran’s Kharg Island, Donald Trump has issued a major threat to the Iranian regime. Trump called Iranian leaders crazy and said see what happens next. Trump said in a post on Truth Social that America is destroying Iran both militarily and economically. He claimed that killing Iranian leaders was an…
New Delhi: Thirteen days after the war in West Asia broke, the Indian government on Friday said there are indeed concerns over supply and availability of cooking gas in the country due to the disruptions. This comes in the wake of tension around the crucial Strait of Hormuz, a vital route for energy shipments from…
