Negotiations are still ongoing and are being handled by the ministry of foreign affairs, said the people, who asked not to be named as the conversations are sensitive
The statement came hours after reports emerged that Iran agreed to allow oil tankers flying the Indian flag to pass through the Strait following diplomatic discussions between New Delhi and Tehran
Sensex Today | Stock Market Highlights, Thursday: Broader markets fell in line with the benchmark indices. The Nifty MidCap and the SmallCap ended 0.37 per cent and 0.69 per cent down, respectively
VOC Port Authority has made an arrangement of additional 90,000 square meter of space for shipping lines to keep their containers in the wake of the ongoing West Asia crisis, its Chairman Susanta Kumar Purohit said on Thursday. The official made the remarks while replying to a question on the sidelines of PHDCCI conference on shipbuilding and ship recycling. "We have given additional land to our customers where they can keep their goods safely beyond the time limit," Purohit said, sharing preparations made to deal with the situation of container diversions. However, the land remains unutilised as of now as operations and business at the port have not been affected, he said. He said all major ports are in constant touch of the Ministry of Shipping, terminal operators and shipping lines. Speaking further, the Chairman said the government is taking efforts to develop India as a hub of shipbuilding and ship recycling. The move will help save resources and increase availability of raw
Iran's parliament speaker said Thursday that any invasion of Iran's islands will "make the Persian Gulf run with the blood of invaders." It wasn't immediately clear what prompted Mohammad Bagher Qalibaf's comments, which again escalated the rhetoric surrounding the ongoing Iran war. Iran holds three islands it took from the United Arab Emirates before its formation in 1971. There also has been speculation that the United States could target Kharg Island in the Persian Gulf, Iran's main oil terminal.
LPG supply disruption could slow Zomato and Swiggy order volumes as restaurants cut operations. Motilal Oswal expects a temporary impact on food delivery growth
After the Ottoman Empire collapsed in World War I, European powers redrew West Asia's map through secret deals and mandates, creating borders and tensions that still shape the region today
As the IEA prepares its biggest-ever oil reserve release in the wake of the Iran war, here's a look at the countries that produce crude and the role of blocs such as Opec and Brics
The most immediate impact would be on India's current account deficit. This concern has pushed the rupee to a record low and forced the central bank to sell dollars from its reserves
LPG supplies are tightening across cities, with long delivery delays and limited stock; restaurants and households in several cities are facing shortages
Gig worker union flags sharp fall in food delivery orders as LPG shortages shut restaurants and cloud kitchens, seeks ₹10,000 relief for workers and an urgent meeting with government
In a post on X, state broadcaster Press TV shared a documentary showing Persian Gulf vessels at risk of IRGC targeting for minor movements, highlighting tensions in the Strait of Hormuz
In a post on X, state broadcaster Press TV shared a documentary showing Persian Gulf vessels at risk of IRGC targeting for minor movements, highlighting tensions in the Strait of Hormuz
The halt applies to cargoes that had yet to clear customs as of March 11 and goes beyond last week's move by Beijing urging refiners not to agree to new exports
The halt applies to cargoes that had yet to clear customs as of March 11 and goes beyond last week's move by Beijing urging refiners not to agree to new exports
The conflict in West Asia is no longer just a distant geopolitical crisis. Across India, restaurants and hotels are running out of cooking gas, menus are shrinking, and some eateries are shutting down
Ships remain in the waiting area, and loading and unloading are ongoing at the North and South Um Qasr ports
US and Israeli strikes on Iran have damaged at least four cultural and historical sites, including palaces and an ancient mosque, raising alarms about the impact of the widening war on protected landmarks that are important to Iranian identity and world history. The speed and extent of the damage have so concerned Iran and Lebanon that they sent a request to the United Nations' cultural agency, UNESCO, this week to add more sites to its enhanced protection list. UNESCO confirmed that it has verified damage to the lavish Qajar-era Golestan Palace in Tehran as well as the 17th century Chehel Sotoun palace and the Masjed-e Jame, the country's oldest Friday mosque, both in Isfahan. There also was verified damage at buildings close to the Khorramabad Valley, which includes five prehistoric caves and one rock shelter providing evidence of human occupation dating to 63,000 B.C. At Golestan Palace, shattered glass from the mirrored ceilings blanketed the floors alongside broken archways, ..
US and Israeli strikes on Iran have damaged at least four cultural and historical sites, including palaces and an ancient mosque, raising alarms about the impact of the widening war on protected landmarks that are important to Iranian identity and world history. The speed and extent of the damage have so concerned Iran and Lebanon that they sent a request to the United Nations' cultural agency, UNESCO, this week to add more sites to its enhanced protection list. UNESCO confirmed that it has verified damage to the lavish Qajar-era Golestan Palace in Tehran as well as the 17th century Chehel Sotoun palace and the Masjed-e Jame, the country's oldest Friday mosque, both in Isfahan. There also was verified damage at buildings close to the Khorramabad Valley, which includes five prehistoric caves and one rock shelter providing evidence of human occupation dating to 63,000 B.C. At Golestan Palace, shattered glass from the mirrored ceilings blanketed the floors alongside broken archways, ..
IRGC Navy chief Alireza Tangsiri said vessels crossing the Strait of Hormuz must obtain Iran's permission, criticising ships hit in recent attacks and dismissing US escort assurances