Blackouts, LNG shortages and policy lapses hit Pakistan as it hosts key US-Iran talks amid rising energy stress
Iran said it would skip a second round of US-Iran talks in Islamabad this week while the American naval blockade remained in place
Iran said it would skip a second round of US-Iran talks in Islamabad this week while the American naval blockade remained in place
Iran cites 'excessive demands' and ceasefire breach by United States, rejects claims of second-round talks in Pakistan
Iran cites 'excessive demands' and ceasefire breach by United States, rejects claims of second-round talks in Pakistan
The remarks come amid escalating tensions in the region following Iran's confirmation that a US operation targeted an Iranian commercial vessel in the Sea of Oman
The remarks come amid escalating tensions in the region following Iran's confirmation that a US operation targeted an Iranian commercial vessel in the Sea of Oman
Oil prices rose in early trading Sunday as a standoff between Iran and the US prevented tankers from using the Strait of Hormuz, the Persian Gulf waterway that is crucial to global energy supplies. The price of US crude oil increased 6.4 per cent to USD 87.88 per barrel after trading resumed on the Chicago Mercantile Exchange. The price of Brent crude, the international standard, climbed 6.5 per cent to USD 96.25 per barrel. The market reaction followed more than two days of growing hopes and dashed expectations involving the strait. Iran, which effectively controls the passage, said Friday that it would fully reopen the passage off its coast to commercial traffic. Crude prices plunged more than 9 per cent on the news. Tehran reversed its decision on Saturday, after President Donald Trump said a US Navy blockade of Iranian ports would remain in effect. Over the weekend, Iran's Revolutionary Guard fired on several vessels. Trump reported the forcible seizure of an Iranian-flagged car
Oil prices rose in early trading Sunday as a standoff between Iran and the US prevented tankers from using the Strait of Hormuz, the Persian Gulf waterway that is crucial to global energy supplies. The price of US crude oil increased 6.4 per cent to USD 87.88 per barrel after trading resumed on the Chicago Mercantile Exchange. The price of Brent crude, the international standard, climbed 6.5 per cent to USD 96.25 per barrel. The market reaction followed more than two days of growing hopes and dashed expectations involving the strait. Iran, which effectively controls the passage, said Friday that it would fully reopen the passage off its coast to commercial traffic. Crude prices plunged more than 9 per cent on the news. Tehran reversed its decision on Saturday, after President Donald Trump said a US Navy blockade of Iranian ports would remain in effect. Over the weekend, Iran's Revolutionary Guard fired on several vessels. Trump reported the forcible seizure of an Iranian-flagged car
From the setback to the women's quota Bill and rising fertiliser subsidies to tensions in the Strait of Hormuz, here is a curated selection of Business Standard's top Opinion pieces today
The United States attacked and seized an Iranian-flagged cargo ship it said had tried to evade a naval blockade near the Strait of Hormuz on Sunday, and Iran's joint military command vowed to respond, throwing a fragile ceasefire into question days before it expires. It was the first interception since the US blockade of Iranian ports began last week. Iran's joint military command called the armed boarding an act of piracy and a ceasefire violation, the state broadcaster said. With the US-Iran standoff over the strait sharpening and the ceasefire expiring by Wednesday, it was not clear where President Donald Trump's earlier announcement that US negotiators would head to Pakistan on Monday for new talks with Iran now stood. The uncertainty sent oil prices rising again. One of the worst global energy crises in decades threatened to deepen. Trump on social media said a US Navy guided missile destroyer in the Gulf of Oman warned the Iranian-flagged ship, the Touska, to stop and then ..
US renews Russia oil waiver, offering relief to India amid Hormuz disruptions, as refiners rely on diversified crude sources to maintain supplies
Vance, Witkoff and Kushner to lead the delegation
Markets rally on hopes of peace and lower oil prices, but fragile ground realities in West Asia and Hormuz disruptions suggest optimism may be premature
Indian equities may open lower on Monday as renewed Strait of Hormuz tensions raise concerns over oil prices, global risk sentiment, and the outlook for geopolitical stability
Paying tolls to use the Strait of Hormuz is a dark omen for the future of global trade
Stock markets would keenly track developments in the US-Iran conflict, crude oil prices and quarterly earnings from corporates for further direction this week, analysts said. Besides, trading activity of foreign investors would also influence trading in the markets, they noted. "Geopolitical developments in the US-Iran conflict will remain a key monitorable, given their direct impact on crude oil prices and global risk sentiment," Ajit Mishra, SVP, Research, Religare Broking Ltd, said. Meanwhile, the ceasefire between the US and Iran is set to expire on April 22. On the domestic front, focus will shift to the ongoing Q4 FY26 earnings season, he said. "Market participants will initially react to results from banking heavyweights such as HDFC Bank and ICICI Bank. Subsequently, several key companies, including HCL Technologies, Infosys, Tech Mahindra, Havells, IndusInd Bank, Shriram Finance, are scheduled to announce their results," Mishra added. The country's largest private-sector
Little is known about Pickaxe Mountain, but some experts say it illustrates the impossibility of relying on force alone to prevent Iran from acquiring a nuclear bomb
Little is known about Pickaxe Mountain, but some experts say it illustrates the impossibility of relying on force alone to prevent Iran from acquiring a nuclear bomb
Iran doubled down on its pledge to restrict ships passing through the Strait of Hormuz as long as the US blockade of Iranian ports remains in place, as mediators scrambled to secure further talks before the ceasefire expires this week. Iranian parliamentary Speaker Mohammed Bagher Qalibaf said in a televised interview that Tehran would continue to threaten commercial vessels transiting the critical waterway, after it fired on ships attempting to pass on Saturday. "It is impossible for others to pass through the Strait of Hormuz while we cannot," Qalibaf, who is Iran's chief negotiator in talks with the United States, said. Iran's navy has warned ships against transiting the strait, a chokepoint through which roughly one-fifth of the world's oil normally passes. After a brief uptick in transit attempts on Saturday, vessels in the Persian Gulf held their positions, wary after two India-flagged ships were fired on mid-transit and forced to turn back. Their retreat returned the Strait