Page 19 - Us Iran Tensions

Oil falls after Trump announces Project Freedom to escort ships via Hormuz

Brent ‌crude futures fell 6 cents, or 0.1 per cent, to $108.11 a barrel by 0400 GMT after settling down $2.23 on Friday

Ship struck by projectiles in Strait of Hormuz, says British military

Projectiles struck a ship in the narrow Strait of Hormuz, the British military said Monday, the second such attack in hours as tensions remain high between Iran and the United States. The British military's United Kingdom Maritime Trade Operations center issued the alert, saying a tanker had been targeted off Fujairah, United Arab Emirates, in the strait around 11:40 pm Sunday. It described the tanker has been struck by "unknown projectiles." "All crew reported safe," the centre said. "No environmental impact reported." Another ship came under attack in the strait on Sunday.

Ship struck by projectiles in Strait of Hormuz, says British military

Projectiles struck a ship in the narrow Strait of Hormuz, the British military said Monday, the second such attack in hours as tensions remain high between Iran and the United States. The British military's United Kingdom Maritime Trade Operations center issued the alert, saying a tanker had been targeted off Fujairah, United Arab Emirates, in the strait around 11:40 pm Sunday. It described the tanker has been struck by "unknown projectiles." "All crew reported safe," the centre said. "No environmental impact reported." Another ship came under attack in the strait on Sunday.

US sanctions suffocating Iran economy, oil infra starting to creak: Bessent

Bessent suggested that the Iranian petroleum sector is facing an imminent crisis and may be forced to begin shutting in wells in the next week, as the nation's crude storage is 'rapidly filling up'

US sanctions suffocating Iran economy, oil infra starting to creak: Bessent

Bessent suggested that the Iranian petroleum sector is facing an imminent crisis and may be forced to begin shutting in wells in the next week, as the nation's crude storage is 'rapidly filling up'

US announces 'Project Freedom' to escort stranded ships through Hormuz

US President Donald Trump said the US Navy will start guiding foreign stranded ships to safety through the Strait of Hormuz from Monday and warned Iran that any interference in the process would be dealt with forcefully. In a post on Truth Social, Trump said 'Project Freedom' was aimed at helping foreign ships that are locked up in the Strait of Hormuz as "innocent bystanders" and in no way involved in the developments in West Asia. Trump said several of these ships were running low on food, drinking water and everything else necessary for large-scale crews to stay onboard in a healthy and sanitary manner. At the same time, the US President said that his representatives were having positive discussions with Iran, which could lead to something "positive for all". The Strait of Hormuz, the narrow sea route between Oman and Iran that transports one-fifth of the global oil supplies, has been effectively closed since February 28, when the US and Israel launched the war with Iran. The U

US announces 'Project Freedom' to escort stranded ships through Hormuz

US President Donald Trump said the US Navy will start guiding foreign stranded ships to safety through the Strait of Hormuz from Monday and warned Iran that any interference in the process would be dealt with forcefully. In a post on Truth Social, Trump said 'Project Freedom' was aimed at helping foreign ships that are locked up in the Strait of Hormuz as "innocent bystanders" and in no way involved in the developments in West Asia. Trump said several of these ships were running low on food, drinking water and everything else necessary for large-scale crews to stay onboard in a healthy and sanitary manner. At the same time, the US President said that his representatives were having positive discussions with Iran, which could lead to something "positive for all". The Strait of Hormuz, the narrow sea route between Oman and Iran that transports one-fifth of the global oil supplies, has been effectively closed since February 28, when the US and Israel launched the war with Iran. The U

West Asia crisis does not change long-term growth outlook: Chirag Setalvad

Near-term earnings may face pressure from geopolitical risks and oil prices, but improved valuations and strong fundamentals keep India's long-term equity story intact

Airlines scramble to help stranded Spirit flyers after carrier collapses

Spirit Airlines ceased operations on Saturday following a doubling in jet fuel prices due to Iran war

Airlines scramble to help stranded Spirit flyers after carrier collapses

Spirit Airlines ceased operations on Saturday following a doubling in jet fuel prices due to Iran war

Iran sends new proposal to US; US President Donald Trump warns of strikes

Asked if he might restart strikes on Iran, Trump replied: "I don't want to say that. I mean, I can't tell that to a reporter. If they misbehave, if they do something bad, right now we'll see"

Geopolitical risks no longer rare for India's insurance industry

Rising geopolitical tensions are driving higher premiums, tighter underwriting and reinsurance costs, making risk pricing a structural shift for India's insurance sector

UK sets out fuel contingency plans for flights amid US-Iran conflict

Airlines will be expected to consolidate schedules on certain routes with multipleflightsto the same destinationon the sameday as part of contingency measures the UK government announced on Sunday. The Department for Transport (DfT) issued a series of temporary plans amid ongoing jet fuel supply issues caused by the US-Iran conflict and the blockade of the Strait of Hormuz. It stressed that while UK airlines say they are not currently facing supply issues, the government is stepping in to protect travellers from the likelihood of last-minute flight cancellations over the upcoming summer holiday period in the event of significant disruption caused by the conflict. "Since the closure of the Strait of Hormuz, the government has been monitoring jet fuel supplies daily and working with airlines, airports and fuel suppliers to stay ahead of any problems," said UK Transport Secretary Heidi Alexander. "There are no immediate supply issues, but we're preparing now to givefamilies long-term

Trump reviews Iran's new proposal, says deal unlikely to be acceptable

President Donald Trump said on Saturday that he was reviewing a new Iranian proposal to end the war but also expressed scepticism that it would lead to a deal. "I'll let you know about it later," he said before boarding Air Force One, adding that "they're going to give me the exact wording now." Shortly after speaking to reporters, Trump posted on social media about the new proposal, saying he "can't imagine that it would be acceptable in that they have not yet paid a big enough price for what they have done to Humanity, and the World, over the last 47 years." Two semiofficial Iranian news outlets, Tasnim and Fars, believed to be close to Iran's paramilitary Revolutionary Guard, said Iran has sent a 14-point proposal via Pakistan in response to a nine-point US proposal. Iran's state-run media have not reported on the new proposal. Pakistan has hosted previous negotiations between Iran and the United States. Trump rejected a previous Iranian proposal this week. However, conversation

India should build strategic buffers for energy shock: CEA Nageswaran

Chief Economic Advisor V Anantha Nageswaran on Saturday said India needs to create strategic buffers in the face of the "most difficult" energy shock that the country is facing amid the West Asia crisis. Nageswaran also said the rising prices of fertiliser and petroleum products globally due to the crisis will make it challenging to achieve the 4.3 per cent fiscal deficit target for the current fiscal, while below normal monsoon and pass-through of higher energy prices could lead to "potential inflation spike". He also said India has employment challenge emanating from AI, and there is a need to ensure that IT sector becomes more competitive and not lose jobs to AI, and instead create jobs that use AI within the IT sector or in other services. Speaking at the ICPP Growth Conference organised by the Ashoka University, Nageswaran said the current account deficit (CAD) in the current fiscal could rise to over 2 per cent of GDP, from less than 1 per cent in FY'26. "The ... priority for

US warns shipping firms of sanctions over paying Iranian tolls in Hormuz

The United States is warning shipping companies that they could face sanctions for making payments to Iran to safely pass through the Strait of Hormuz. The alert posted Friday by the US Office of Foreign Assets Control adds another layer of pressure in the standoff between the US and Iran over control of the Strait of Hormuz. About a fifth of the world's trade in oil and natural gas typically passes through the strait at the mouth of the Persian Gulf in peacetime. Iran effectively closed the strait to normal traffic by attacking and threatening to attack ships after the US and Israel launched a war on Feb. 28. It later began offering some ships safe passage by detouring them through alternate routes closer to its shoreline, charging fees at times for the service. That "tollbooth" effort is the focus of the US sanctions warning. The payment demands could include transfers not only in cash but also "digital assets, offsets, informal swaps, or other in-kind payments," including ...

US warns shipping firms of sanctions over paying Iranian tolls in Hormuz

The United States is warning shipping companies that they could face sanctions for making payments to Iran to safely pass through the Strait of Hormuz. The alert posted Friday by the US Office of Foreign Assets Control adds another layer of pressure in the standoff between the US and Iran over control of the Strait of Hormuz. About a fifth of the world's trade in oil and natural gas typically passes through the strait at the mouth of the Persian Gulf in peacetime. Iran effectively closed the strait to normal traffic by attacking and threatening to attack ships after the US and Israel launched a war on Feb. 28. It later began offering some ships safe passage by detouring them through alternate routes closer to its shoreline, charging fees at times for the service. That "tollbooth" effort is the focus of the US sanctions warning. The payment demands could include transfers not only in cash but also "digital assets, offsets, informal swaps, or other in-kind payments," including ...

Trump prefers not to strike Iran even as frustration over talks mounts

Speaking in Florida, Trump said, 'Maybe we're better off not making a deal at all,' without elaborating, he added, 'we can't let this thing go on'

Trump prefers not to strike Iran even as frustration over talks mounts

Speaking in Florida, Trump said, 'Maybe we're better off not making a deal at all,' without elaborating, he added, 'we can't let this thing go on'

Iran inflicts 'unprecedented damage' to US bases in West Asian countries

US military bases in West Asian nations has become Achilles heel as Iran inflicts 'unprecedented damage'