The sharp depletion will also mean the market stays vulnerable for longer to future disruptions even after the conflict ends
France recently announced it had moved its Charles de Gaulle aircraft carrier to the Red Sea in a move aimed at signaling that the coalition stood ready to secure the strait
An Indian sailor was killed and several others injured after their wooden dhow caught fire near the Strait of Hormuz, government sources said on Saturday Seventeen other Indian crew members were rescued following the incident on Friday, they said, noting that the exact cause of the blaze is still being ascertained. The crew members were rescued by a vessel which was passing by in the area, the sources said. The incident came amid increasing hostilities between Iran and the US in the Strait of Hormuz, a vital maritime chokepoint between the Persian Gulf and the Gulf of Oman through which a significant portion of the world's oil supply passes. "A wooden Dhow, carrying general cargo, with 18 Indian crew capsized yesterday close to the Strait of Hormuz after it caught fire," said a source. "In this incident, one Indian on the dhow died while four received burn injuries. The injured are receiving medical treatment in Dubai and are safe," the source said. Officials from the Indian Cons
An Indian sailor was killed and several others injured after their wooden dhow caught fire near the Strait of Hormuz, government sources said on Saturday Seventeen other Indian crew members were rescued following the incident on Friday, they said, noting that the exact cause of the blaze is still being ascertained. The crew members were rescued by a vessel which was passing by in the area, the sources said. The incident came amid increasing hostilities between Iran and the US in the Strait of Hormuz, a vital maritime chokepoint between the Persian Gulf and the Gulf of Oman through which a significant portion of the world's oil supply passes. "A wooden Dhow, carrying general cargo, with 18 Indian crew capsized yesterday close to the Strait of Hormuz after it caught fire," said a source. "In this incident, one Indian on the dhow died while four received burn injuries. The injured are receiving medical treatment in Dubai and are safe," the source said. Officials from the Indian Cons
If a deal is not reached with Iran, Trump added that the renewed effort would be expanded into what he called 'Project Freedom plus'
If a deal is not reached with Iran, Trump added that the renewed effort would be expanded into what he called 'Project Freedom plus'
US forces have fired on and disabled two Iranian oil tankers after exchanging fire with Iranian forces in the Strait of Hormuz overnight. The United Arab Emirates, meanwhile, reported another Iranian missile and drone attack. The attacks on Friday cast more doubt on a tenuous month-old ceasefire that the United States has insisted is still in effect. Washington is awaiting an Iranian response to its latest proposal for a deal to end the war, reopen the strait and roll back Tehran's disputed nuclear program. US Secretary of State Marco Rubio said he hopes to receive "a serious offer" from Iran later Friday. The US military said Friday that its forces had disabled two Iranian tankers that were trying to breach an American blockade of Iran's ports. Hours earlier, the military said it thwarted attacks on three Navy ships and struck Iranian military facilities in the strait. Iran has mostly blocked the critical waterway for global energy since the US and Israel launched the war on Feb.
US forces have fired on and disabled two Iranian oil tankers after exchanging fire with Iranian forces in the Strait of Hormuz overnight. The United Arab Emirates, meanwhile, reported another Iranian missile and drone attack. The attacks on Friday cast more doubt on a tenuous month-old ceasefire that the United States has insisted is still in effect. Washington is awaiting an Iranian response to its latest proposal for a deal to end the war, reopen the strait and roll back Tehran's disputed nuclear program. US Secretary of State Marco Rubio said he hopes to receive "a serious offer" from Iran later Friday. The US military said Friday that its forces had disabled two Iranian tankers that were trying to breach an American blockade of Iran's ports. Hours earlier, the military said it thwarted attacks on three Navy ships and struck Iranian military facilities in the strait. Iran has mostly blocked the critical waterway for global energy since the US and Israel launched the war on Feb.
Indian equity indices fell on Friday as renewed hostilities between Iran and the US weighed on sentiment and pushed crude oil prices close to $100 per barrel
Araghchi accuses the US of undermining diplomatic efforts to end war
Toyota posted an operating profit of 569.4 billion yen ($3.6 billion) for the three months ended March 31, compared with 1.1 trillion yen a year earlier
Sensex Today | Stock Market LIVE Updates Friday: The GIFT Nifty indicated that the Nifty50 will start the day on a negative note. Asian markets were trading in losses on renewed US-Iran tension
The UAE defence ministry urged residents to "remain calm and follow the safety and security instructions issued by relevant authorities."
Benchmark Brent crude futures were up about 1 per cent to $101 a barrel, while European stocks fell 0.9 per cent
United Nations' index of food-commodity prices gained 1.6 per cent in April, led by higher vegetable oil, meat and cereal prices
Iran and the US accuse each other of violating a fragile ceasefire after fresh clashes in the Strait of Hormuz, raising fears of a wider regional conflict
Iran and the US accuse each other of violating a fragile ceasefire after fresh clashes in the Strait of Hormuz, raising fears of a wider regional conflict
According to the report, the vessel's deck caught fire and the ship had the words "CHINA OWNER & CREW" marked on it
According to the report, the vessel's deck caught fire and the ship had the words "CHINA OWNER & CREW" marked on it
The US President clarified the scope of the diplomatic outreach, as Tehran continues to evaluate communications from Washington transmitted via Pakistani mediators