The West Asia conflict has disrupted critical PCB materials, adding a new layer of cost pressure on electronics makers already dealing with rising memory prices and supply constraints
While the potential passage may raise hopes of increased LNG exports from the region, other vessels in the Gulf appear to be remaining in place
While the potential passage may raise hopes of increased LNG exports from the region, other vessels in the Gulf appear to be remaining in place
Brent crude futures for June climbed $2.32, or 2.1 per cent, to $110.55 a barrel as of 0638 GMT, after gaining 2.8 per cent in the previous session to its highest close since April 7
US Secretary of State Marco Rubio was asked in a Fox News interview about Iran's latest proposal, which would postpone discussions on its nuclear programme but end its chokehold on the Strait of Hormuz if the US lifts its blockade and ends the war. "There's no doubt in my mind that at some point in the future, if this radical clerical regime remains in charge in Iran, they will decide they want a nuclear weapon," Rubio said. "That fundamental issue still has to be confronted," he said. "That still remains the core issue here." Asked if he thinks the Iranians are serious about a deal, Rubio said they are skilled negotiators looking to buy time. "We can't let them get away with it," Rubio said. "We have to ensure that any deal that is made, any agreement that is made, is one that definitively prevents them from sprinting towards a nuclear weapon at any point.
US Secretary of State Marco Rubio was asked in a Fox News interview about Iran's latest proposal, which would postpone discussions on its nuclear programme but end its chokehold on the Strait of Hormuz if the US lifts its blockade and ends the war. "There's no doubt in my mind that at some point in the future, if this radical clerical regime remains in charge in Iran, they will decide they want a nuclear weapon," Rubio said. "That fundamental issue still has to be confronted," he said. "That still remains the core issue here." Asked if he thinks the Iranians are serious about a deal, Rubio said they are skilled negotiators looking to buy time. "We can't let them get away with it," Rubio said. "We have to ensure that any deal that is made, any agreement that is made, is one that definitively prevents them from sprinting towards a nuclear weapon at any point.
The interception of the M/T Stream comes as American forces maintain a strict maritime restrictive operation in the region
The interception of the M/T Stream comes as American forces maintain a strict maritime restrictive operation in the region
United Nations General Secretary Antonio Guterres on Monday called for the immediate restoration of free navigation through the Strait of Hormuz, stressing that uninterrupted maritime movement is critical for global trade and economic stability amid rising tensions in the Gulf region.In a statement, Guterres said, "Navigational rights & freedoms through the Strait of Hormuz must be respected. I appeal to the parties: Open the Strait. Let ships pass. No tolls. No discrimination. Let trade resume. Let the global economy breathe. Safe, unimpeded passage is an economic & humanitarian imperative."Meanwhile, US Secretary of State Marco Rubio strongly criticised Iran's reported attempts to regulate or monetise vessel movement through the strategic waterway. In an interview with Fox News, Rubio warned that such measures would not be accepted by the United States and would amount to asserting control over an international passage."If what they mean by opening the Straits is 'Yes, ..
United Nations General Secretary Antonio Guterres on Monday called for the immediate restoration of free navigation through the Strait of Hormuz, stressing that uninterrupted maritime movement is critical for global trade and economic stability amid rising tensions in the Gulf region.In a statement, Guterres said, "Navigational rights & freedoms through the Strait of Hormuz must be respected. I appeal to the parties: Open the Strait. Let ships pass. No tolls. No discrimination. Let trade resume. Let the global economy breathe. Safe, unimpeded passage is an economic & humanitarian imperative."Meanwhile, US Secretary of State Marco Rubio strongly criticised Iran's reported attempts to regulate or monetise vessel movement through the strategic waterway. In an interview with Fox News, Rubio warned that such measures would not be accepted by the United States and would amount to asserting control over an international passage."If what they mean by opening the Straits is 'Yes, ..
White House spokeswoman Olivia Wales said Washington "will not negotiate through the press" and reiterated that its red lines remain unchanged as it pursues an end to the conflict
White House spokeswoman Olivia Wales said Washington "will not negotiate through the press" and reiterated that its red lines remain unchanged as it pursues an end to the conflict
MSCI's broadest index of Asia-Pacific shares outside Japan was down 0.12 per cent, hovering near the record high it touched on Monday
The Islamic Republic has enough unused storage capacity to last another 12 to 22 days
The Islamic Republic has enough unused storage capacity to last another 12 to 22 days
MEA Spokesperson Randhir Jaiswal said a joint statement was not possible because a general consensus could not be reached among the members
MEA Spokesperson Randhir Jaiswal said a joint statement was not possible because a general consensus could not be reached among the members
Araghchi's latest stop follows a series of high-level engagements across multiple countries, including Russia and Oman
Araghchi's latest stop follows a series of high-level engagements across multiple countries, including Russia and Oman
With the United States trying to squeeze Iran by blockading goods from entering or exiting its ports, food suppliers are rerouting imports via the Caspian Sea to ensure food keeps getting into the country. The head of the Association of Iran's Food Industries said Monday that alternative import routes are being "incorporated into the supply chain for essential goods". "At present, there is no problem with the country's food security, but maintaining this situation requires careful planning," Mohammad Reza Mortazavi said, according to the state-owned Islamic Republic of Iran Broadcasting. The Caspian is the world's largest inland body of water and its southern coastline stretches more than 430 miles (700 km) in northern Iran. Iran is a net importer of food staples like grain and cooking oil.