WASHINGTON : Iran’s parliament has voted to close the Strait of Hormuz, the vital shipping channel through which around 20% of the world’s daily oil flows. The move, which could block $1 billion in
SANA : Yemen’s rebel government says it supports a vow by its armed wing a day earlier to hit US ships in the Red Sea should Washington launch strikes on Iran. “We affirm the
NEW YORK : Israel and Iran’s escalating conflict has significantly driven up the cost of insurance for ships sailing through the Red Sea and Persian Gulf. Marine insurers are now charging 0.2% of the
WASHINGTON : President Donald Trump predicted on Friday that the United States will be able to negotiate trade deals with both India and Pakistan. Speaking to reporters as he arrived in New Jersey, on
NEW DELHI : In a move that reflects India’s policy emphasis on boosting exports through Free Trade Agreements (FTAs), the country’s trade pacts with Australia and the United Arab Emirates (UAE) are beginning to
MUMBAI : JSW Infrastructure Limited (JSWIL), a key player in India’s ports and logistics sector, has announced the signing of a binding Memorandum of Understanding (MoU) with Konkan Railway Corporation Limited (KRCL). This MoU
NEW DELHI : A dual-use equipment seized by India from a Pakistan-bound merchant vessel in 2020 is linked to Islamabad’s National Development Complex, which is involved in the country’s missile development programme, a new
PATNA : The Central Bureau of Investigation (CBI) on Saturday (June 21, 2025) investigated in Bihar and Jharkhand in a case registered against the then Additional Commissioner, Customs, Patna, and 29 others over bogus
NEW DELHI : India’s banana production is not only meeting domestic demand but is also making its way into banana puddings and cookies across the Middle East. In FY25, bananas overtook grapes to become
OSLO : Xeneta analyst insight – Transpacific Peter Sand, Xeneta Chief Analyst commented “The market mid-low on the Transpacific trade has dropped 33% since 9 June, meaning some of the more powerful shippers are
