Page 16 - Latest Updates on West Asia Conflict

Pakistan juggles mediation role abroad, deepening power crisis at home

Blackouts, LNG shortages and policy lapses hit Pakistan as it hosts key US-Iran talks amid rising energy stress

Traders brace for renewed turmoil as Strait of Hormuz standoff deepens

Iran said it would skip a second round of US-Iran talks in Islamabad this week while the American naval blockade remained in place

Iran rejects second round of talks in Pak, cites 'ceasefire breach' by US

Iran cites 'excessive demands' and ceasefire breach by United States, rejects claims of second-round talks in Pakistan

'Hormuz security is not free', says Iran amid rising tensions with US

The remarks come amid escalating tensions in the region following Iran's confirmation that a US operation targeted an Iranian commercial vessel in the Sea of Oman

Oil rebounds over 6% after renewed US-Iran standoff in Strait of Hormuz

Oil prices rose in early trading Sunday as a standoff between Iran and the US prevented tankers from using the Strait of Hormuz, the Persian Gulf waterway that is crucial to global energy supplies. The price of US crude oil increased 6.4 per cent to USD 87.88 per barrel after trading resumed on the Chicago Mercantile Exchange. The price of Brent crude, the international standard, climbed 6.5 per cent to USD 96.25 per barrel. The market reaction followed more than two days of growing hopes and dashed expectations involving the strait. Iran, which effectively controls the passage, said Friday that it would fully reopen the passage off its coast to commercial traffic. Crude prices plunged more than 9 per cent on the news. Tehran reversed its decision on Saturday, after President Donald Trump said a US Navy blockade of Iranian ports would remain in effect. Over the weekend, Iran's Revolutionary Guard fired on several vessels. Trump reported the forcible seizure of an Iranian-flagged car

Best of BS Opinion: Govt must build consensus for Constitutional amendments

From the setback to the women's quota Bill and rising fertiliser subsidies to tensions in the Strait of Hormuz, here is a curated selection of Business Standard's top Opinion pieces today

US Navy seizes Iranian-flagged ship near Hormuz, Tehran vows swift response

The United States attacked and seized an Iranian-flagged cargo ship it said had tried to evade a naval blockade near the Strait of Hormuz on Sunday, and Iran's joint military command vowed to respond, throwing a fragile ceasefire into question days before it expires. It was the first interception since the US blockade of Iranian ports began last week. Iran's joint military command called the armed boarding an act of piracy and a ceasefire violation, the state broadcaster said. With the US-Iran standoff over the strait sharpening and the ceasefire expiring by Wednesday, it was not clear where President Donald Trump's earlier announcement that US negotiators would head to Pakistan on Monday for new talks with Iran now stood. The uncertainty sent oil prices rising again. One of the worst global energy crises in decades threatened to deepen. Trump on social media said a US Navy guided missile destroyer in the Gulf of Oman warned the Iranian-flagged ship, the Touska, to stop and then ..

Iran doubles down on closing Strait of Hormuz as ceasefire nears end

Iran doubled down on its pledge to restrict ships passing through the Strait of Hormuz as long as the US blockade of Iranian ports remains in place, as mediators scrambled to secure further talks before the ceasefire expires this week. Iranian parliamentary Speaker Mohammed Bagher Qalibaf said in a televised interview that Tehran would continue to threaten commercial vessels transiting the critical waterway, after it fired on ships attempting to pass on Saturday. "It is impossible for others to pass through the Strait of Hormuz while we cannot," Qalibaf, who is Iran's chief negotiator in talks with the United States, said. Iran's navy has warned ships against transiting the strait, a chokepoint through which roughly one-fifth of the world's oil normally passes. After a brief uptick in transit attempts on Saturday, vessels in the Persian Gulf held their positions, wary after two India-flagged ships were fired on mid-transit and forced to turn back. Their retreat returned the Strait

Hormuz tensions, Lebanon clashes undermine Trump peace deal hopes

US military is preparing to board Iran-linked oil tankers and seize commercial ships in international waters in coming days to pressure Iran into reopening the waterway

Iran fires on ships in Strait of Hormuz as Tehran imposes curbs again

The standoff over the Strait of Hormuz escalated again Saturday as Iran reversed its reopening of the crucial waterway and fired on ships attempting to pass, in retaliation after the United States pressed ahead with its blockade of Iranian ports. The strait is closed until the US blockade is lifted, Iran's Revolutionary Guard navy said Saturday night, warning that "no vessel should make any movement from its anchorage in the Persian Gulf and the Sea of Oman, and approaching the Strait of Hormuz will be considered as cooperation with the enemy" and be targeted. New attacks on the strait, through which roughly one-fifth of the world's oil normally passes, threatened to deepen the global energy crisis and push the countries into renewed conflict as the war entered its eighth week. A fragile ceasefire is due to run out by Wednesday. Iran said it had received new proposals from the United States, and Pakistani mediators were working to arrange another round of direct negotiations. Iran'

Pak plunging into darkness as war in Persian Gulf cuts off oil, gas supply

The crunch could not come at a worse time for Pakistan, just as the heat rises ahead of the monsoon season, boosting air conditioner use and power demand

US, Iran cite progress in talks as uncertainty hangs over Strait of Hormuz

Neither side offered any specifics about the state of negotiations, days before a fragile ceasefire in the US-Israeli war against Iran is set to expire

West Asia conflict revives stagflation dangers for global economy

Whether the twin blows affecting growth and inflation seen in purchasing manager indexes after the first month of the Iran conflict intensified during month two will be a key focus

Iran reviewing US proposals, says Hormuz curbs to stay till war ends

Iran on saturday said that it is reviewing new proposals put forward by the US. Iran's Supreme National Security Council said in a statement that Pakistan's army chief Asim Munir, serving as an intermediary, presented the proposals to Iran when he recently visited Tehran, and they were still under review. It was not revealed what was in the proposals. The council said Iran has yet to respond, but further talks would require the US to abandon "excessive demands and adjust its requests to the realities on the ground." It also said that Iran will maintain full control over traffic through the Strait of Hormuz until "the war fully ends and lasting peace is achieved in the region," adding that it would collect detailed information on passing vessels, issue transit certificates and impose tolls. The council added that it considered the US naval blockade a violation of the ceasefire, and there would be no reopening of the Strait of Hormuz until that was lifted. Meanwhile, US President D

India condemns attack on French UN Peacekeepers, seeks accountability

India on Saturday issued a stern condemnation following a deadly attack on French UN Peacekeepers serving with the United Nations Interim Force in Lebanon (UNIFIL).The official statement, released by the Ministry of External Affairs, underscored India's long-standing role as a leading contributor to global peacekeeping and its commitment to the safety of those serving under the Blue Helmet.In a press statement, the Ministry of External Affairs said, "We strongly condemn the attack that took place today on French UN Peacekeepers deployed in UNIFIL. We pay our homage to the fallen Blue Helmet and wish a speedy recovery to the three other peacekeepers who were injured."The UNIFIL, in a statement issued on its telegram channel, said that on Saturday morning, a UNIFIL patrol clearing explosive ordnance along a road in the village of Ghanduriyah to re-establish links with isolated UNIFIL positions came under small-arms fire from non-state actors."Tragically, one peacekeeper succumbed to his

Iran stopped over 14 India-bound ships in Hormuz, hit one by gunfire

A convoy of 14 India-bound ships carrying crude oil and gas were stopped by the Iranian Revolutionary Guard Corps (IRGC) by firing at two of them while they were transiting the Strait of Hormuz, leading to 13 of the vessels returning to different locations in the Persian Gulf, official sources privy to the development said. An Indian-flag carrying ship, which was hit by bullets fired by the IRGC while crossing the Strait of Hormuz, was carrying crude oil and a window pane was broken, forcing it to stop the journey and return. The extent of damage to the second vessel was not immediately known but it also had returned. However, another ship, which was Indian flagged and loaded with crude oil for the Hindustan Petroleum Corporation Limited, sailed through the Strait and is now heading towards India, the sources said. Two Iranian gunboats approached the targeted tanker and fired at it without warning. Gunboats approached the vessel 37 kilometres northeast of Oman, causing other vessels

India summons Iranian envoy after firing on its vessels in Hormuz

As per reports, Iran's Islamic Revolutionary Guard Corps (IRGC) had carried out at least three attacks on commercial ships in the strait since Saturday morning

Tensions high in Hormuz as Iran hits ships, US blockade turns back vessels

Tensions gripped West Asia as uncertainty over the Strait of Hormuz deepened, with Iran claiming control and hitting vessels, while the US military moved in parallel to regulate traffic

No date set for next US talks: Iran deputy foreign minister Khatibzadeh

The highest-level US-Iran talks since the 1979 Islamic Revolution ended in Islamabad without agreement last weekend

Indian vessels turn back as Iran gunboats fire on tanker in Hormuz: Report

Two Indian vessels have had to reverse course in the Strait of Hormuz following reports of gunfire from Iran's Revolutionary Guard, a vessel-tracker said. TankerTrackers.com said the vessels include an Indian-flagged super tanker, carrying 2 million barrels of Iraqi oil. Earlier, the British military said two gunboats from Iran's Revolutionary Guard opened fire on a tanker transiting the Strait of Hormuz after Iran said it had reimposed restrictions on the vital waterway. The United Kingdom Maritime Trade Operations Centre said the tanker and crew were reported safe, without identifying the vessel or its destination. Iran said earlier it was reimposing restrictions on the strait in response to a US blockade on Iranian shipping and ports. Iran has prevented vessels from crossing throughout the seven-week-long war, except for ones it authorises.