The deals will take the form of purchase commitments and other transactions spanning a range of products and sectors, including coal, oil, liquefied natural gas and nuclear power
China condemned indiscriminate attacks on civilians and Gulf states, while urging ceasefire and diplomacy. China also abstained from a UN resolution condemning Iran's strikes
As the West Asia war enters Day 14, Israel says its campaign against Iran remains strong; India assures fuel supply. Here are the top updates at 9 am (IST)
Gas shortages triggered by the West Asia conflict are disrupting kitchens, restaurants and small industries in India, exposing the country's fragile LNG-dependent energy system
Panama Canal Administrator Ricaurte Vasquez said Thursday that the conflict in the Middle East and rising fuel costs could ultimately benefit the interoceanic waterway as global shippers adjust routes. In an interview with The Associated Press, Vasquez said that higher energy, fuel and navigation costs could make the Panama Canal a more attractive option for commercial traffic. "When costs increase, in general when the price of marine fuel rises, the Panama Canal becomes a more attractive route," Vasquez said. Oil prices have risen amid the war in the Middle East, which has led to the temporary closure of the Strait of Hormuz by Iran in response to U.S. and Israeli attacks. About one-fifth of the world's oil passes through the waterway at the mouth of the Persian Gulf. If higher energy costs persist, routing cargo through Panama can cut voyages by between three and 15 days, depending on the route, while reducing fuel consumption, he said. Vasquez said higher fuel costs are expecte
Before the war, about 80 oil and gas tankers crossed the strait daily, moving roughly 20 million barrels; Now, shipping has plunged, with barely one or two vessels able to pass each day
Reflecting on his earlier time in office, Trump said his administration's efforts to rebuild the US military had strengthened its current capabilities
Brent futures were last at $99.85 a barrel, while West Texas Intermediate crude was at $95.05 a barrel
The Israeli premier asserted that the war was inevitable once Iran accelerated efforts to revive its nuclear and missile programs following the June 2025 conflict
Pro-Iranian hackers are targeting sites in the Middle East and starting to stretch into the United States during the war, raising the risk of American defense contractors, power stations and water plants being swept into a wave of digital chaos that could expand if Tehran's allies join the fray. Hackers supporting Iran claimed responsibility for a significant cyberattack Wednesday against US medical device company Stryker. Since the war began February 28, they also have tried to penetrate cameras in Middle Eastern countries to improve Iran's missile targeting. They have targeted data centres in the region, as well as industrial facilities in Israel, a school in Saudi Arabia and an airport in Kuwait. Iran has invested heavily in its offensive cyber capabilities while cultivating ties to hacking groups. In recent years, groups working for Tehran have infiltrated the email system of President Donald Trump's campaign, targeted US water plants and tried to breach the networks used by th
Iran's secretive new leader issued his first public statements Thursday, resolving to keep fighting, promising more pain for Gulf Arab states and threatening to open "other fronts" in a war that has already disrupted world energy supplies, the global economy and international travel. The hard-line stance revealed by Supreme Leader Ayatollah Mojtaba Khamenei came as Israeli Prime Minister Benjamin Netanyahu said his country's attacks were creating conditions for the Iranian population to topple the government. "It is in your hands," Netanyahu said at a news conference, addressing the Iranian people. "We are creating the optimal conditions for the fall of the regime." Since the start of the war, US and Israeli strikes have targeted security checkpoints in Iran to undermine the government's ability to suppress dissent, according to Armed Conflict Location and Event Data, the US-based independent monitoring group known as ACLED. Netanyahu denounces Iranian ...
Asserting that the joint US-Israel campaign against Iran is "going better than expected" and Israel is "stronger than ever", Israeli Prime Minister Benjamin Netanyahu on Thursday said there was "no life insurance" for Iran's newly chosen Supreme Leader Mojtaba Khamenei. Responding to a question about whether Israel would target Khamenei and Hezbollah leader Naem Qassem, Netanyahu said, "I wouldn't take out a life insurance policy on any of the leaders of the terror organisations." Mojtaba's father, Iran's Supreme Leader Ayatollah Ali Khamenei, was killed in joint US-Israel strikes on February 28. Israel launched its campaign dubbed "Roaring Lion" on February 28 against Iran, which was joined by the US which gave it the name "Epic Fury", with the claimed objective of "foiling Iran's nuclear ambitions, dismantling its missile programme and delivering a crushing blow to its regional proxies". On the topic of toppling the regime in Iran, the Israeli prime minister said that the US and
The measure, which applies only to oil loaded before March 12, expands upon a month-long waiver given to India last week, which was intended for crude loaded on ships before March 5
An American military refuelling plane taking part in the operation against Iran crashed in Iraq and rescue efforts were underway, US Central Command said Thursday. It was not immediately clear if there were any casualties. A US official, who spoke to The Associated Press on condition of anonymity to discuss the developing situation, said the KC-135 aircraft that crashed had at least five crew members aboard. The crash was not due to hostile fire or friendly fire, the military said in a statement, which described the plane as "a loss." US Central Command, which oversees the Middle East, said that two aircraft were involved and that one landed safely and the other went down in western Iraq. A second US official, who similarly spoke on condition of anonymity, said the other plane involved also was a KC-135 tanker. "More information will be made available as the situation develops," Central Command said. "We ask for continued patience to gather additional details and provide clarity f
Calling for an immediate end to hostilities, the UN chief emphasised that diplomacy remains the only viable path forward
Prime Minister Narendra Modi on Thursday night spoke to Iranian President Masoud Pezeshkian over the phone and discussed the "serious situation" in West Asia. Modi expressed deep concern over the escalation of tensions in the region and the loss of civilian lives as well as damage to civilian infrastructure. The prime minister told the Iranian President that the safety and security of Indian nationals, along with the need for unhindered transit of goods and energy, remain India's top priorities. "Had a conversation with Iranian President, Dr Masoud Pezeshkian, to discuss the serious situation in the region. Expressed deep concern over the escalation of tensions and the loss of civilian lives as well as damage to civilian infrastructure," Modi said in a post on X. The prime minister also reiterated India's commitment to peace and stability and urged dialogue and diplomacy to end the crisis. Notably, Iran has closed the Strait of Hormuz, a key shipping passage through which India's
India's LNG imports have more than doubled in the last decade from $6 billion in FY17 to nearly $15 billion in FY25
Up to 2 million barrels per day of Gulf refining capacity faces disruption as the Strait of Hormuz remains closed amid US-Iran tensions, threatening global oil supply, says Rystad Energy
Sensex and Nifty fall for a second straight session as escalating Iran-linked attacks push crude prices near $100 a barrel and raise fears of prolonged disruption in oil supplies
Under the Income-tax Act, residential status is primarily determined by the number of days an individual spends in India during a financial year