Page 38 - Us-iran Tensions

Iran war disrupts US small businesses with shipping complications

The Iran war is making life more difficult for small business owners across the country, who are grappling with shipping complications, higher costs and consumers tightening their grip on their wallets. A shoe designer is struggling to import its shoes from Vietnam; a pistachio grower has millions of dollars worth of pistachio exports sitting in the water; a home landscaper in Kansas City is stockpiling fertilizer as prices skyrocket; and a Chicago electronics store owner is facing pain at the pump. Small business owners say the severe supply chain disruptions during the pandemic were worse - but they fear that if the war stretches on for months, it might start to come close. "The costs are rising, the routes are changing, and capacity is tightening. It's all happening at the same time, and that's a perfect storm for small businesses," said Brandon Fried, executive director of the Airforwarders Association, a trade group for US companies that move cargo through the supply chain on a

China in talks with 'all parties' on need to restore Strait of Hormuz

China on Thursday said that it is in communication "with all parties" about the need to restore stability in the Strait of Hormuz, and that everyone should work toward that end. "We believe that an early ceasefire and restoration of peace and stability in the Strait of Hormuz and its adjacent waters is a common aspiration of the international community, and all sides should work towards this end," Chinese Foreign Ministry spokesperson Mao Ning said. "China is maintaining communication and coordination with all parties," she said. Mao said that "the root cause of the disruption to navigation in the Strait of Hormuz lies in the illegal military actions taken by the US and Israel against Iran," and said the way to restore safety in the area is to end the hostilities. "Military means cannot fundamentally resolve the issue, and an escalation of the conflict is not in the interest of any party," she said. China and Pakistan agreed this week to promote a five-point proposal, which includ

China in talks with 'all parties' on need to restore Strait of Hormuz

China on Thursday said that it is in communication "with all parties" about the need to restore stability in the Strait of Hormuz, and that everyone should work toward that end. "We believe that an early ceasefire and restoration of peace and stability in the Strait of Hormuz and its adjacent waters is a common aspiration of the international community, and all sides should work towards this end," Chinese Foreign Ministry spokesperson Mao Ning said. "China is maintaining communication and coordination with all parties," she said. Mao said that "the root cause of the disruption to navigation in the Strait of Hormuz lies in the illegal military actions taken by the US and Israel against Iran," and said the way to restore safety in the area is to end the hostilities. "Military means cannot fundamentally resolve the issue, and an escalation of the conflict is not in the interest of any party," she said. China and Pakistan agreed this week to promote a five-point proposal, which includ

War will continue till US faces 'permanent humiliation', surrenders: Iran

Washington is unaware of the Islamic Republic's 'vast strategic capabilities', a spokesperson said, dismissing Trump's claims of 'dramatically curtailing' Iran's ability to launch missiles and drones

War will continue till US faces 'permanent humiliation', surrenders: Iran

Washington is unaware of the Islamic Republic's 'vast strategic capabilities', a spokesperson said, dismissing Trump's claims of 'dramatically curtailing' Iran's ability to launch missiles and drones

Iran hits Haifa port after Trump says Tehran's missile programme destroyed

Israel Defense Forces (IDF) confirmed the missile launches in a statement on Telegram, noting that defensive systems were actively operating to intercept the threat

Iran hits Haifa port after Trump says Tehran's missile programme destroyed

Israel Defense Forces (IDF) confirmed the missile launches in a statement on Telegram, noting that defensive systems were actively operating to intercept the threat

Iraq's oil hub slows to crawl as Strait of Hormuz closure strangles exports

Iraqi oil fields once alive with the buzz of workers are nearly deserted. Ports that pulsed with the churn of cargo have fallen still, the din of commerce replaced by the soft rhythm of waves. A month after the war in Iran started, workers at ports and oil fields in the province of Basra, where almost all of Iraq's crude is produced and exported, have grown accustomed to rockets streaking across the sky, aimed at US air bases and other strategic facilities. The war, which began with US-Israeli strikes, is dealing a heavy blow to Iraq's economy. Iraq relies on oil revenues for roughly 90% of its budget, and most of its oil is exported through the Strait of Hormuz, the narrow mouth of the Persian Gulf where Iran has effectively stopped cargo traffic during the conflict. The war also has led to a sharp reduction in the volume of imported goods reaching southern Iraq's ports, while attacks have halted traffic at the border it shares with Iran. Unlike other countries in the Middle East

Iraq's oil hub slows to crawl as Strait of Hormuz closure strangles exports

Iraqi oil fields once alive with the buzz of workers are nearly deserted. Ports that pulsed with the churn of cargo have fallen still, the din of commerce replaced by the soft rhythm of waves. A month after the war in Iran started, workers at ports and oil fields in the province of Basra, where almost all of Iraq's crude is produced and exported, have grown accustomed to rockets streaking across the sky, aimed at US air bases and other strategic facilities. The war, which began with US-Israeli strikes, is dealing a heavy blow to Iraq's economy. Iraq relies on oil revenues for roughly 90% of its budget, and most of its oil is exported through the Strait of Hormuz, the narrow mouth of the Persian Gulf where Iran has effectively stopped cargo traffic during the conflict. The war also has led to a sharp reduction in the volume of imported goods reaching southern Iraq's ports, while attacks have halted traffic at the border it shares with Iran. Unlike other countries in the Middle East

No dearth of fuel or gas in country: Defence Minister Rajnath Singh

Defence Minister Rajnath Singh on Thursday said that there is "no dearth of fuel or gas in the country" and India was ready to deal with any energy crisis resulting out of the West Asia conflict. Singh, speaking at a Sainik Samman Sammelan in poll-bound Kerala, said that Indian Navy ships were safely escorting the country's tankers through the Strait of Hormuz. The defence minister further said that Prime Minister Narendra Modi was using his diplomatic skills to protect Indian interests in the Gulf region. "We are closely monitoring the state of affairs in West Asia and are prepared to deal with any situation," he said. Singh, during his speech, urged everyone to choose the BJP in the assembly polls as it was the correct political party to bring changes to the state, as it came with "Modiyude guarantees" (Modi's guarantees). "His leadership is like 24-carat gold -- it is tried and tested," he contended. The elections to the Kerala Assembly, which has 140 seats, will be held on Ap

No dearth of fuel or gas in country: Defence Minister Rajnath Singh

Defence Minister Rajnath Singh on Thursday said that there is "no dearth of fuel or gas in the country" and India was ready to deal with any energy crisis resulting out of the West Asia conflict. Singh, speaking at a Sainik Samman Sammelan in poll-bound Kerala, said that Indian Navy ships were safely escorting the country's tankers through the Strait of Hormuz. The defence minister further said that Prime Minister Narendra Modi was using his diplomatic skills to protect Indian interests in the Gulf region. "We are closely monitoring the state of affairs in West Asia and are prepared to deal with any situation," he said. Singh, during his speech, urged everyone to choose the BJP in the assembly polls as it was the correct political party to bring changes to the state, as it came with "Modiyude guarantees" (Modi's guarantees). "His leadership is like 24-carat gold -- it is tried and tested," he contended. The elections to the Kerala Assembly, which has 140 seats, will be held on Ap

Oil jumps nearly 7% after Trump says US to keep up attacks on Iran

The gains followed an earlier fall of more than $1 in both benchmarks prior to Trump's televised speech to the nation, after having settled lower in the previous session

Manufacturing PMI at 4-year low in March as West Asia war hits demand

Input cost inflation hit a 43-month high in March, while softer demand, market uncertainty and the West Asia war slowed new orders and output growth

Centre uses LPG import crunch to speed up piped gas adoption, cut imports

In March, India added 580,000 new households to its piped gas network, up from 342,300 a year earlier

UK gathers over 30 nations to plot ways of reopening Strait of Hormuz

Almost three dozen countries will meet Thursday in an effort to exert diplomatic and political pressure to reopen the Strait of Hormuz, a vital shipping route that has been choked off by the US-Israeli war against Iran. British Prime Minister Keir Starmer said the virtual meeting chaired by Foreign Secretary Yvette Cooper "will assess all viable diplomatic and political measures we can take to restore freedom of navigation, guarantee the safety of trapped ships and seafarers and to resume the movement of vital commodities". Iranian attacks on commercial ships, and the threat of more, have halted nearly all traffic in the waterway that connects the Persian Gulf to the rest of the globe's oceans, shutting a critical path for the world's flow of oil and sending petroleum prices soaring. The US is not among the countries attending Thursday's meeting. Trump has said securing the waterway is not America's job, and told US allies to "go get your own oil". No country appears willing to try

UK gathers over 30 nations to plot ways of reopening Strait of Hormuz

Almost three dozen countries will meet Thursday in an effort to exert diplomatic and political pressure to reopen the Strait of Hormuz, a vital shipping route that has been choked off by the US-Israeli war against Iran. British Prime Minister Keir Starmer said the virtual meeting chaired by Foreign Secretary Yvette Cooper "will assess all viable diplomatic and political measures we can take to restore freedom of navigation, guarantee the safety of trapped ships and seafarers and to resume the movement of vital commodities". Iranian attacks on commercial ships, and the threat of more, have halted nearly all traffic in the waterway that connects the Persian Gulf to the rest of the globe's oceans, shutting a critical path for the world's flow of oil and sending petroleum prices soaring. The US is not among the countries attending Thursday's meeting. Trump has said securing the waterway is not America's job, and told US allies to "go get your own oil". No country appears willing to try

West Asia war: Trump vows to hit Iran; Tehran appeals to American citizens

Tensions remain high in West Asia as Donald Trump threatens stronger attacks on Iran if talks fail. Here are the top updates at 10 am (IST)

Gas crunch hits Firozabad's glass industry as West Asia conflict continues

India's ​heavy reliance on gas across the economy - businesses of all sizes, households, agriculture, public transport - makes its factories among the most vulnerable in Asia

Iran sceptical of diplomacy for now, doubts Trump's intent, says US intel

Any decision by Iran to keep fighting would complicate President Trump's stated goal of trying to end the war within weeks

Iran sceptical of diplomacy for now, doubts Trump's intent, says US intel

Any decision by Iran to keep fighting would complicate President Trump's stated goal of trying to end the war within weeks