Page 44 - Us Iran Tensions

Looming expiry of US sanctions waiver sets off scramble for Russia oil

Fears over the expiry of a US sanctions waiver pushed India's Russian oil imports to record highs as refiners raced to secure supplies

Iran sends its response to US proposal aimed at ending the war: Report

Iran has responded to a US peace proposal via Pakistan, with talks currently focused on halting regional hostilities and reopening the Strait of Hormuz

Iranian businesses buckle under strain of record internet shutdown

Iran imposed heavy restrictions on internet after Israel and US started their war on the country in late February, having earlier blocked online access during nationwide protests the previous month

Iranian businesses buckle under strain of record internet shutdown

Iran imposed heavy restrictions on internet after Israel and US started their war on the country in late February, having earlier blocked online access during nationwide protests the previous month

Iran ceasefire tested as cargo ship catches fire, Kuwait says drone attack

The shaky ceasefire in the Iran war was tested again on Sunday when a cargo ship caught fire after being hit by an unknown projectile off Qatar's coast, and Kuwait's military reported an attack by drones, without specifying where they came from. The attacks were the latest threats to a month-old ceasefire, which the Trump administration says remains in effect. It has faced difficulties, with Iran restricting traffic through the Strait of Hormuz, a strategic waterway key to the global flow of oil, and the US imposing a blockade of Iranian ports. Washington has been awaiting Iran's response to a new proposal for a deal to end the war, reopen the strait to shipping and roll back Iran's nuclear programme. One of the main sticking points in the negotiations is the fate of Iran's stockpile of highly enriched uranium. The UN nuclear agency says Iran has more than 440 kg (970 pounds) of uranium that is enriched up to 60% purity, a short, technical step from weapons-grade levels. In an ...

Qatar LNG tanker makes fresh attempt to transit through Hormuz Strait

The ship is navigating the Tehran-approved northern route near Qeshm and Larak islands, the tracking data show

Air India to cut costs, reduce flights as war worsens financial struggles

Air India plans cost cuts and flight reductions as the Iran war, soaring fuel prices and weak demand deepen the airline's financial troubles

₹1 trn in 10 weeks: Cost of insulating India from global energy shock

About Rs 1,600-1,700 crore per day, over Rs 1 lakh crore in 10 weeks. That's the cost that state-owned oil firms incur for insulating Indian consumers from the global energy shock but ever-widening losses are now raising questions on how long they can continue bearing the cost without financially capitulating. Since the war broke out in the Middle East 10 weeks ago, state-owned oil marketing companies (OMCs) have ensured uninterrupted supplies of petrol, diesel and cooking gas LPG at rates that are way below cost, unlike many global energy systems that imposed rationing or passed through steep price increases. This has resulted in the three OMCs - Indian Oil Corporation (IOC), Bharat Petroleum Corporation Ltd (BPCL) and Hindustan Petroleum Corporation Ltd (HPCL) - running record high under-recoveries (the difference between cost and retail selling price), two sources with direct knowledge of the matter said. The combined under-recovery on petrol, diesel and cooking gas LPG is Rs 1,6

Crude prices to stay higher for longer due to Iran war: ADB chief economist

Crude oil prices are likely to stay higher for longer due to the disruption caused by the longer-than-expected Middle East crisis, ADB Chief Economist Albert Park has said. "With a higher oil price expectation, we actually have it as USD 96 per barrel as average for 2026 as per the new reference scenario. It should stay elevated at USD 80 per barrel in 2027. So, our idea is that the oil prices are likely to stay higher for longer," Park told PTI in an interview. Future prices are showing higher prices farther out into next year than they did before, he said. However, he said, "We have also seen always a kind of a premium of the spot market prices and the nearby futures market because there is such a shortage currently." Speaking about the impact of the ongoing Middle East crisis on India, Park said it is going to shave off 0.6 per cent from the country's GDP growth, bringing it to 6.3 per cent, and also stoke inflation significantly in the current financial year. The Asian Develop

Long overlooked, Caspian Sea provides strategic trade route for Iran

The landlocked body of water has taken on new significance, with Russia shipping military and commercial goods to bolster Tehran's ability to withstand the US assault

Iran warns US against attacks on its ships as ceasefire appears to hold

Iran's Revolutionary Guard navy has warned that any attack on Iranian oil tankers or commercial vessels would be met with a "heavy assault" on one of the US bases in the region and enemy ships. Iranian state TV reported the warning on Saturday, a day after the United States struck two Iranian oil tankers, while a tenuous ceasefire appeared to be holding. Meanwhile Bahrain, which hosts the US Navy's regional headquarters, said it arrested dozens of people it alleged had links to Iran's Revolutionary Guard. Friday's attacks cast doubt on the month-old ceasefire that the US has insisted is still in effect. Washington awaits Iran's response to its latest proposal for a deal to end the war, reopen the Strait of Hormuz to shipping and roll back Tehran's disputed nuclear program. The US military said Friday its forces disabled two Iranian tankers that were trying to breach its blockade of Iran's ports. Hours earlier, the military said it thwarted attacks on three Navy ships and struck ...

Iran warns US against attacks on its ships as ceasefire appears to hold

Iran's Revolutionary Guard navy has warned that any attack on Iranian oil tankers or commercial vessels would be met with a "heavy assault" on one of the US bases in the region and enemy ships. Iranian state TV reported the warning on Saturday, a day after the United States struck two Iranian oil tankers, while a tenuous ceasefire appeared to be holding. Meanwhile Bahrain, which hosts the US Navy's regional headquarters, said it arrested dozens of people it alleged had links to Iran's Revolutionary Guard. Friday's attacks cast doubt on the month-old ceasefire that the US has insisted is still in effect. Washington awaits Iran's response to its latest proposal for a deal to end the war, reopen the Strait of Hormuz to shipping and roll back Tehran's disputed nuclear program. The US military said Friday its forces disabled two Iranian tankers that were trying to breach its blockade of Iran's ports. Hours earlier, the military said it thwarted attacks on three Navy ships and struck ...

US, Iran remain deadlocked as Gulf clashes test fragile ceasefire

Sporadic clashes continued on Friday between Iranian forces and US vessels in the Strait of Hormuz, Iran's semi-official Fars news agency reported

US, Iran remain deadlocked as Gulf clashes test fragile ceasefire

Sporadic clashes continued on Friday between Iranian forces and US vessels in the Strait of Hormuz, Iran's semi-official Fars news agency reported

Global oil stockpiles deplete at record pace due to Iran war disruptions

The sharp depletion will also mean the market stays vulnerable for longer to future disruptions even after the conflict ends

UK moves warship to West Asia for potential Strait of Hormuz mission

France recently announced it had moved its Charles de Gaulle aircraft carrier to the Red Sea in a move aimed at signaling that the coalition stood ready to secure the strait

1 Indian sailor killed, several injured in dhow fire near Strait of Hormuz

An Indian sailor was killed and several others injured after their wooden dhow caught fire near the Strait of Hormuz, government sources said on Saturday Seventeen other Indian crew members were rescued following the incident on Friday, they said, noting that the exact cause of the blaze is still being ascertained. The crew members were rescued by a vessel which was passing by in the area, the sources said. The incident came amid increasing hostilities between Iran and the US in the Strait of Hormuz, a vital maritime chokepoint between the Persian Gulf and the Gulf of Oman through which a significant portion of the world's oil supply passes. "A wooden Dhow, carrying general cargo, with 18 Indian crew capsized yesterday close to the Strait of Hormuz after it caught fire," said a source. "In this incident, one Indian on the dhow died while four received burn injuries. The injured are receiving medical treatment in Dubai and are safe," the source said. Officials from the Indian Cons