India does not have a "blanket arrangement" with Iran for transit of Indian-flagged ships through the Strait of Hormuz and "every ship movement is an individual happening", External Affairs Minister S Jaishankar has said. In an interview to the Financial Times, Jaishankar said that negotiations between New Delhi and Tehran have resulted in two Indian-flagged tankers pass through the key shipping route. "I am at the moment engaged in talking to them and my talking has yielded some results," he said in the interview in Brussels. "This is ongoing. If it is yielding results for me, I would naturally continue to look at it," he added. Global oil and gas prices have surged after Iran has virtually blocked the Strait of Hormuz, a narrow shipping lane between the Persian Gulf and the Gulf of Oman that handles roughly 20 per cent of global oil and LNG (Liquefied Natural Gas). The West Asia region has been a major source of India's energy procurement. Jaishankar also denied India had given
President Donald Trump may delay his China trip due to the Iran war, but Treasury Secretary Scott Bessent said Monday it's not to pressure Beijing on the Strait of Hormuz. Bessent said any delay to Trump's trip to Beijing would not be because of disagreements over the Iran war or efforts to reopen the Strait of Hormuz. "If the meeting for some reason was rescheduled, it would be rescheduled because of logistics," he said. "The president wants to remain in D.C. to coordinate the war and travelling abroad at a time like this may not be optimal." Trump has suggested he may delay the much-anticipated visit to China at the end of the month as he seeks to ramp up the pressure on Beijing to help reopen the Strait of Hormuz and calm oil prices that have soared during the Iran war. In an interview Sunday with the Financial Times, Trump said China's reliance on oil from the Middle East means it ought to help with a new coalition he is trying to put together to get oil tanker traffic moving .
India on Monday asked its citizens currently in Iran not to approach or attempt to cross any land border for onward travel without prior and explicit coordination with the Indian Embassy in Tehran. In an advisory, the Indian Embassy further said that Indian nationals who attempt to leave Iran via land borders without its knowledge and guidance are highly likely to encounter serious logistical and immigration difficulties. "...All Indian nationals currently in Iran are strictly advised not to approach or attempt to cross any land border of Iran for onward travel without prior and explicit coordination with the Embassy of India," the advisory said. It said the embassy will not be in a position to provide assistance once individuals move outside Iranian territory without prior coordination. "The Embassy is in regular contact with members of the Indian community, and coordinated arrangements are being undertaken wherever necessary. Uncoordinated movement toward land borders is strongly
The fighting, which began with US-Israeli strikes on Iranian military and strategic infrastructure in late February, has quickly expanded into a broader regional confrontation
Tehran signals no immediate ceasefire while saying Strait of Hormuz remains open for neutral shipping under coordination
Sensex Today | Stock Market Highlights, Monday: Broader markets underperformed. The Nifty MidCap and the Nifty SmallCap indices ended 0.43 per cent and 0.65 per cent down, respectively
India has evacuated over 550 of its nationals from Iran through Armenia, with External Affairs Minister S Jaishankar thanking Yerevan on Monday for facilitating the land-border transit. New Delhi has been urging Indian nationals stuck in Iran to cross over to Armenia for subsequent travel to India in view of the escalating conflict in West Asia. "Thank the Government and the people of Armenia for facilitating the safe evacuation of over 550 Indian nationals from Iran so far," Jaishankar, currently on a visit to Brussels, said. "Appreciate their support in these challenging times," he said on social media. External Affairs Ministry spokesperson Randhir Jaiswal said last week that around 9,000 Indians were staying in Iran, and the government of India is assisting those who want to travel to Azerbaijan and Armenia for their subsequent return to India. "These 9,000 Indian nationals comprise students; they also comprise seafarers, some business people, some professionals, and some ...
The EU operation in question is Aspides, which was launched in 2024 after the Houthis attacked shipping vessels in the Red Sea
The EU operation in question is Aspides, which was launched in 2024 after the Houthis attacked shipping vessels in the Red Sea
West Asia conflict: US fighter jets targeted military sites in the Koh Laki area behind Iran's Chabahar Free Zone, with loud explosions heard across the region after the strike
On the Multi Commodity Exchange (MCX), crude oil for March delivery increased by ₹119, or 1.31 per cent, to ₹9,171 per barrel in a business turnover of 12,745 lots
On the Multi Commodity Exchange (MCX), crude oil for March delivery increased by ₹119, or 1.31 per cent, to ₹9,171 per barrel in a business turnover of 12,745 lots
Explosions echoed across Beirut early Monday as Israel struck the Lebanese capital. It also launched a new wave of attacks on Tehran, while Dubai was forced to temporarily close its airport after an Iranian drone hit a fuel tank. Since being attacked by the United States and Israel more than two weeks ago, Iran has been regularly hitting Israel, American bases and its Gulf Arab neighbours' energy infrastructure with drones and missiles. It has also effectively stopped shipping traffic in the Strait of Hormuz, through which a fifth of the world's oil is transported, giving rise to growing fears of a global energy crisis and putting pressure on Washington as consumers are already feeling the pain at the pump. Brent crude, the international standard, remained stubbornly over USD 100 a barrel on Monday. It was at USD 104 in early trading, up nearly 45 per cent since the US and Israel attacked Iran on Feb. 28. It has spiked as high as about USD 120 during the conflict. President Donald
Explosions echoed across Beirut early Monday as Israel struck the Lebanese capital. It also launched a new wave of attacks on Tehran, while Dubai was forced to temporarily close its airport after an Iranian drone hit a fuel tank. Since being attacked by the United States and Israel more than two weeks ago, Iran has been regularly hitting Israel, American bases and its Gulf Arab neighbours' energy infrastructure with drones and missiles. It has also effectively stopped shipping traffic in the Strait of Hormuz, through which a fifth of the world's oil is transported, giving rise to growing fears of a global energy crisis and putting pressure on Washington as consumers are already feeling the pain at the pump. Brent crude, the international standard, remained stubbornly over USD 100 a barrel on Monday. It was at USD 104 in early trading, up nearly 45 per cent since the US and Israel attacked Iran on Feb. 28. It has spiked as high as about USD 120 during the conflict. President Donald
Crude oil above $110 could become a "breaking point" for India, forcing fuel price hikes and pressuring government finances, says Elara Capital. Notably, oil prices hit $106 per barrel on Monday
Israel's ambassador to India, Azar, also cited reports of possible internal disagreement within Iran's leadership over how it has handled the conflict and its wider strategic direction
Israel's ambassador to India, Azar, also cited reports of possible internal disagreement within Iran's leadership over how it has handled the conflict and its wider strategic direction
SECL, the second largest coal producing arm of Coal India Ltd, on Monday said it is prepared to meet the country's coal demand, including the power sector's requirement, amid the evolving global energy dynamics. The ongoing war in West Asia has disrupted global energy routes like the Strait of Hormuz, raising the costs of imported coal and LNG, which indirectly pressure India's coal and power sectors. South Eastern Coalfields Ltd (SECL) Chairman and Managing Director Harish Duhan told PTI that the company continues to maintain strong operational momentum. During the current financial year, the company has achieved around 165 million tonnes of coal production and over 169 million tonnes of coal dispatch up to mid-March, ensuring a steady supply to power plants and other consumers. The company supplies coal to major power generators like NTPC, Rajasthan Rajya Vidyut Utpadan Nigam Ltd (RVUNL) and Madhya Pradesh Power Generating Company Limited (MPPGCL). The company is currently ...
Qatar and Kuwait could each see their gross domestic product contract by 14% this year should the conflict continue through April
Qatar and Kuwait could each see their gross domestic product contract by 14% this year should the conflict continue through April