Page 12 - Us Iran Tensions

Iran responds to US ceasefire proposal but Trump rejects it as unacceptable

Iran sent its response to the latest US ceasefire proposal via Pakistani mediators and wants negotiations to focus on permanently ending the war, but President Donald Trump quickly rejected it as "TOTALLY UNACCEPTABLE!" with no details. Iran seeks to end the war on all fronts, including in Lebanon, where Israel is fighting the Iranian-backed Hezbollah militant group, and to ensure the security of shipping, state TV said. Washington's latest proposal addressed a deal to end the war, reopen the Strait of Hormuz and roll back Iran's nuclear program. Trump earlier on social media accused Tehran of "playing games" with the United States for nearly 50 years, adding: "They will be laughing no longer!" Trump is giving diplomacy "every chance we possibly can before going back to hostilities," the US ambassador to the United Nations, Mike Waltz, told ABC earlier. Iran's new supreme leader, Mojtaba Khamenei, who has not been seen or heard publicly since the war began, "issued new and decisiv

Iran responds to US ceasefire proposal but Trump rejects it as unacceptable

Iran sent its response to the latest US ceasefire proposal via Pakistani mediators and wants negotiations to focus on permanently ending the war, but President Donald Trump quickly rejected it as "TOTALLY UNACCEPTABLE!" with no details. Iran seeks to end the war on all fronts, including in Lebanon, where Israel is fighting the Iranian-backed Hezbollah militant group, and to ensure the security of shipping, state TV said. Washington's latest proposal addressed a deal to end the war, reopen the Strait of Hormuz and roll back Iran's nuclear program. Trump earlier on social media accused Tehran of "playing games" with the United States for nearly 50 years, adding: "They will be laughing no longer!" Trump is giving diplomacy "every chance we possibly can before going back to hostilities," the US ambassador to the United Nations, Mike Waltz, told ABC earlier. Iran's new supreme leader, Mojtaba Khamenei, who has not been seen or heard publicly since the war began, "issued new and decisiv

West Asia conflict highlights need for India to build natural gas reserves

Rising import dependence and supply disruptions amid West Asia tensions underscore the urgency for India to build strategic natural gas reserves and strengthen LNG storage capacity

Looming expiry of US sanctions waiver sets off scramble for Russia oil

Fears over the expiry of a US sanctions waiver pushed India's Russian oil imports to record highs as refiners raced to secure supplies

Iran sends its response to US proposal aimed at ending the war: Report

Iran has responded to a US peace proposal via Pakistan, with talks currently focused on halting regional hostilities and reopening the Strait of Hormuz

Iranian businesses buckle under strain of record internet shutdown

Iran imposed heavy restrictions on internet after Israel and US started their war on the country in late February, having earlier blocked online access during nationwide protests the previous month

Iranian businesses buckle under strain of record internet shutdown

Iran imposed heavy restrictions on internet after Israel and US started their war on the country in late February, having earlier blocked online access during nationwide protests the previous month

Iran ceasefire tested as cargo ship catches fire, Kuwait says drone attack

The shaky ceasefire in the Iran war was tested again on Sunday when a cargo ship caught fire after being hit by an unknown projectile off Qatar's coast, and Kuwait's military reported an attack by drones, without specifying where they came from. The attacks were the latest threats to a month-old ceasefire, which the Trump administration says remains in effect. It has faced difficulties, with Iran restricting traffic through the Strait of Hormuz, a strategic waterway key to the global flow of oil, and the US imposing a blockade of Iranian ports. Washington has been awaiting Iran's response to a new proposal for a deal to end the war, reopen the strait to shipping and roll back Iran's nuclear programme. One of the main sticking points in the negotiations is the fate of Iran's stockpile of highly enriched uranium. The UN nuclear agency says Iran has more than 440 kg (970 pounds) of uranium that is enriched up to 60% purity, a short, technical step from weapons-grade levels. In an ...

Qatar LNG tanker makes fresh attempt to transit through Hormuz Strait

The ship is navigating the Tehran-approved northern route near Qeshm and Larak islands, the tracking data show

Air India to cut costs, reduce flights as war worsens financial struggles

Air India plans cost cuts and flight reductions as the Iran war, soaring fuel prices and weak demand deepen the airline's financial troubles

₹1 trn in 10 weeks: Cost of insulating India from global energy shock

About Rs 1,600-1,700 crore per day, over Rs 1 lakh crore in 10 weeks. That's the cost that state-owned oil firms incur for insulating Indian consumers from the global energy shock but ever-widening losses are now raising questions on how long they can continue bearing the cost without financially capitulating. Since the war broke out in the Middle East 10 weeks ago, state-owned oil marketing companies (OMCs) have ensured uninterrupted supplies of petrol, diesel and cooking gas LPG at rates that are way below cost, unlike many global energy systems that imposed rationing or passed through steep price increases. This has resulted in the three OMCs - Indian Oil Corporation (IOC), Bharat Petroleum Corporation Ltd (BPCL) and Hindustan Petroleum Corporation Ltd (HPCL) - running record high under-recoveries (the difference between cost and retail selling price), two sources with direct knowledge of the matter said. The combined under-recovery on petrol, diesel and cooking gas LPG is Rs 1,6

Crude prices to stay higher for longer due to Iran war: ADB chief economist

Crude oil prices are likely to stay higher for longer due to the disruption caused by the longer-than-expected Middle East crisis, ADB Chief Economist Albert Park has said. "With a higher oil price expectation, we actually have it as USD 96 per barrel as average for 2026 as per the new reference scenario. It should stay elevated at USD 80 per barrel in 2027. So, our idea is that the oil prices are likely to stay higher for longer," Park told PTI in an interview. Future prices are showing higher prices farther out into next year than they did before, he said. However, he said, "We have also seen always a kind of a premium of the spot market prices and the nearby futures market because there is such a shortage currently." Speaking about the impact of the ongoing Middle East crisis on India, Park said it is going to shave off 0.6 per cent from the country's GDP growth, bringing it to 6.3 per cent, and also stoke inflation significantly in the current financial year. The Asian Develop

Long overlooked, Caspian Sea provides strategic trade route for Iran

The landlocked body of water has taken on new significance, with Russia shipping military and commercial goods to bolster Tehran's ability to withstand the US assault

Iran warns US against attacks on its ships as ceasefire appears to hold

Iran's Revolutionary Guard navy has warned that any attack on Iranian oil tankers or commercial vessels would be met with a "heavy assault" on one of the US bases in the region and enemy ships. Iranian state TV reported the warning on Saturday, a day after the United States struck two Iranian oil tankers, while a tenuous ceasefire appeared to be holding. Meanwhile Bahrain, which hosts the US Navy's regional headquarters, said it arrested dozens of people it alleged had links to Iran's Revolutionary Guard. Friday's attacks cast doubt on the month-old ceasefire that the US has insisted is still in effect. Washington awaits Iran's response to its latest proposal for a deal to end the war, reopen the Strait of Hormuz to shipping and roll back Tehran's disputed nuclear program. The US military said Friday its forces disabled two Iranian tankers that were trying to breach its blockade of Iran's ports. Hours earlier, the military said it thwarted attacks on three Navy ships and struck ...

Iran warns US against attacks on its ships as ceasefire appears to hold

Iran's Revolutionary Guard navy has warned that any attack on Iranian oil tankers or commercial vessels would be met with a "heavy assault" on one of the US bases in the region and enemy ships. Iranian state TV reported the warning on Saturday, a day after the United States struck two Iranian oil tankers, while a tenuous ceasefire appeared to be holding. Meanwhile Bahrain, which hosts the US Navy's regional headquarters, said it arrested dozens of people it alleged had links to Iran's Revolutionary Guard. Friday's attacks cast doubt on the month-old ceasefire that the US has insisted is still in effect. Washington awaits Iran's response to its latest proposal for a deal to end the war, reopen the Strait of Hormuz to shipping and roll back Tehran's disputed nuclear program. The US military said Friday its forces disabled two Iranian tankers that were trying to breach its blockade of Iran's ports. Hours earlier, the military said it thwarted attacks on three Navy ships and struck ...

US, Iran remain deadlocked as Gulf clashes test fragile ceasefire

Sporadic clashes continued on Friday between Iranian forces and US vessels in the Strait of Hormuz, Iran's semi-official Fars news agency reported

US, Iran remain deadlocked as Gulf clashes test fragile ceasefire

Sporadic clashes continued on Friday between Iranian forces and US vessels in the Strait of Hormuz, Iran's semi-official Fars news agency reported