118 commercial vessels redirected, five disabled under Iran blockade: US military
FLORIDA: The United States Central Command (CENTCOM) has announced that American forces have redirected 118 commercial vessels and disabled five others as part of Washington’s active naval blockade aimed at Iranian ports. American forces
Surat yarn traders in trouble as 1,000 imported containers worth ₹250 crore stuck at Mumbai, Hazira Ports
SURAT : Surat’s textile industry is facing a major crisis after around 1,000 containers carrying imported specialty yarn worth an estimated ₹250 crore were halted at Mumbai’s Nhava Sheva Port and Surat’s Hazira Port
Iran’s new Strait of Hormuz body condemns US sanctions, vows ‘no interruptions’
TEHRAN: Persian Gulf Strait Authority (PGSA), Iran’s new body to manage the passage of vessels through the Strait of Hormuz, condemned the US sanctions on it and vowed to continue its operations “without interruptions”.
EY warns India may need bigger reserves of oil, fertilizers, medicines to shield consumers from global crises
NEW DELHI: Amid rising geopolitical tensions and volatile global commodity prices, consultancy firm EY has said India needs to build larger strategic reserves of crude oil, fertilizers, rare earth materials and essential medicines to
Iranian media reports exchange of fire between Iranian, US forces amidst ceasefire
TEHRAN: Iranian media on Thursday reported an exchange of fire between Iranian and US forces near the Strait of Hormuz, with Tehran saying its naval forces confronted vessels attempting to cross the strategic waterway
Samsung Heavy wins over 1 trillion won worth of orders from Bermuda-based company
SEOUL : Samsung Heavy Industries secured orders worth over 1 trillion won ($665 million) for five vessels from a Bermuda-based shipping company, the Korean shipbuilder said Wednesday. The package order includes one liquefied natural
Trump vows Iran deal; says ‘nobody controls Hormuz’
WASHINGTON DC: US President Donald Trump remained committed to striking a favourable ceasefire deal with Iran, warning that he “won’t be outlasted” as he “doesn’t care about the midterm” elections. Speaking during a cabinet
White House rejects Iranian report on draft US deal as ‘complete fabrication’
WASHINGTON : The White House on Wednesday blasted an Iranian state television report about a framework deal with the United States to end the West Asia war as a “complete fabrication.” The Iranian report