Page 2 - Persian Gulf

Indian refiners buy 60 mn barrels of Russian oil for April amid Iran war

The cargoes were booked at premiums of $5 to $15 a barrel to Brent

No levy on Strait of Hormuz Transit, claims 'baseless': Shipping Ministry

Special Secretary in the Ministry of Shipping, Rajesh Sinha, stressed that no charges can be imposed on ships crossing the strait under global regulations

Govt trying to procure gas, crude oil from all possible sources: PM Modi

Prime Minister Narendra Modi on Tuesday said the government is trying to procure gas and crude oil from all available sources, and efforts will continue in the coming days as the war in West Asia has created a serious energy crisis globally. In a statement in the Rajya Sabha, Modi said the war in West Asia is a cause of concern, and India wants peace in the region through dialogue and diplomacy. India's aim is de-escalation of the war and opening of Strait of Hormuz, he said, adding the country's attempt is to encourage all sections to peacefully resolve all issues. If the West Asia crisis persists for a longer period, serious consequences are imminent, the prime minister said. Commenting on India's efforts for energy security, he said in the past 11 years, 53 lakh MT strategic oil reserves have been created; work on 65 lakh MT additional capacity is on. Besides, the government has started a Rs 70,000-crore project to manufacture ships, he added.

South Korean PM cancels China visit as energy concerns mount amid Iran war

The last-minute cancellation comes as the effective closure of the Strait of Hormuz is piling pressure on Washington and on major importers of oil, gas and fuels from the Persian Gulf

Iran threatens to hit Gulf power plants as Israel launches new attacks

As US President Donald Trump's deadline on opening the Strait of Hormuz approaches, Iran on Monday threatened to attack West Asia electrical plants powering American military bases. The statement from Iran's paramilitary Revolutionary Guard marks the latest attempt by Tehran to try and explain its attacks on the Gulf Arab countries. Iranian state television read out the statement on air Monday morning. "What we have done is to announce our decision that if the power plants are attacked, Iran will retaliate by targeting the power plants of the occupying regime and the power plants of regional countries that supply electricity to US bases, as well as the economic, industrial and energy infrastructures in which Americans have shares," the statement said, referring to Israel as an "occupying regime." It added: "Do not doubt that we will do this." Trump warned early Sunday morning that the US will target Iranian power plants in 48 hours if the strait remains effectively closed by Irani

Zombie oil tanker exits Strait of Hormuz as Trump, Iran trade threats

The vessel posing as Nabiin is likely a zombie tanker, which assumes the identity of a scrapped, legitimate ship

Trump is defanging Iran, bringing peace to West Asia: US treasury secy

Bessent said that Trump's actions are aimed at making the world a safer place

UK approves US to use its bases to attack Iranian sites targeting Hormuz

The development comes shortly after Iran's Foreign Minister warned that Tehran would view the UK's decision to allow US access to its bases as 'participation in aggression'

Brent crude falls to $107 as US, allies look to secure Strait of Hormuz

Brent futures fell $1.24, or 1.1 per cent, to $107.41 a barrel as of 0148 GMT, while US West Texas Intermediate (WTI) crude fell $1.24, or 1.3 per cent, to $94.90

Brent crude touches $119 as attacks on Gulf energy spots hit supply

US crude prices surged above $100 a barrel after Politico reported the US will not implement an export ban

China ignores Trump's request to reopen Hormuz as Iran war deepens

China won't help the United States reopen the Strait of Hormuz as requested by President Donald Trump, but it is probably welcoming the delay in Trump's highly anticipated trip to Beijing as the US risks getting bogged down in the Middle East, analysts say. The latest developments are unfolding as Trump's Iran war, in its third week, is faced with mounting pressure as oil has stopped moving through the strait and US allies have refused to step up to secure the strait. That has produced concerns that China, the United States' biggest geopolitical rival, could stand to benefit from a war that some say was ill-considered. "President Trump's request to delay his long-awaited summit with President Xi Jinping underscores how significantly he underestimated the fallout from Operation Epic Fury," said Ali Wyne, senior research and advocacy adviser for US-China relations at the International Crisis Group. "A show of US force that was meant to intimidate Beijing has instead served to punctur

Kharg Island is an appealing target for Trump, but with high risks

A US attack or a move to seize control of Iran's main oil export hub could cripple the country's ability to profit from its natural resources, but it would also risk sending energy prices even higher

5,000-pound bombs used to strike Iranian missile sites near Hormuz: US

US forces successfully employed multiple 5,000-pound deep penetrator munitions on hardened Iranian missile near Hormuz, said US Centcom

China urges halt on military operations in West Asia over trade disruption

Spokesperson of Ministry of Foreign Affairs of China, Lin Jian said the recent tense situation in the Strait of Hormuz is causing disruptions in the world trade

France could help secure Hormuz only after bombing stops, says Macron

French President Emmanuel Macron on Tuesday said his country is ready to help secure the Strait of Hormuz, but only as part of a mission separate from the current Middle East war. "We are not a party to the conflict, and therefore France will never take part in operations to reopen or liberate the Strait of Hormuz," Macron said, responding to US President Donald Trump's call for European nations to send warships to the Persian Gulf. Speaking ahead of a security meeting at the Elysee presidential palace, he stressed any mission would require "discussions and de-escalation with Iran" and must be "entirely separate from the ongoing military operations and bombings".

'This is not our war': Europe, UK push back against Trump's demands

While some European countries said they were discussing ways to help reopen the Strait of Hormuz, several rejected President Trump's calls to send warships

War rages as Israel expand attacks in Lebanon, Iran chokes shipping

The war in the Middle East raged on multiple fronts Monday, as the U.S. and Israel pummeled military targets in Iran's capital, Israel stepped up its campaign against Iran-backed militants in Lebanon and Iran retaliated with a drone strike that temporarily forced the closure of Dubai's airport, a crucial hub for travelers. Fears of a global energy crisis persisted, even as a small number of ships passed through the Strait of Hormuz, a vital waterway through which a fifth of the world's oil is usually transported. Iranian strikes on commercial ships in and around the strait - and even just the threat of attacks - have slowed shipping to a trickle, dramatically increasing the price of oil and pressuring Washington to do something to ease the pain for consumers and the global economy. Brent crude, the international standard, remained over $100 a barrel on Monday. U.S. President Donald Trump said he has demanded that roughly a half-dozen countries send warships to keep the Strait of ...

Indian Navy deploys warships for safe passage of vessels in Hormuz

Iran's ambassador to New Delhi met Indian foreign ministry officials on Monday to discuss the issue

Two LPG tankers head for India after crossing embattled Strait of Hormuz

The ships were granted safe transit through the strait, which has been all but closed for nearly two weeks, after a deal between New Delhi and Tehran

'Will try our best': Iran on passage for India-flagged vessels via Hormuz

As several India-flagged vessels remain stranded in the Strait of Hormuz due to the ongoing conflict in West Asia, Iran's Ambassador to India, Mohammad Fathali, on Friday said that "we will try our best" to resolve the issue. Interacting with reporters on the sidelines of an event here, Fathali said, "We believe that Iran and India are friends. We have common interests, we have common faith." As the war entered its fourteenth day, with no end in sight, the Iranian envoy said, "Iran doesn't want war, but Iran is ready for war." While US President Donald Trump told reporters on Wednesday that "we're not finished yet", Iran continued to remain defiant and used the choking of the strategic Strait of Hormuz as leverage against the US-Israel combine. The Strait of Hormuz is a strategic narrow sea lane between the Persian Gulf and the Gulf of Oman. Hundreds of ships have been stranded in this maritime lane since the US and Israel launched attacks on Iran, and Tehran targeted the region i