Hyundai Motor flags export disruptions as West Asia conflict hits shipping
MUMBAI : Hyundai Motor said on Friday (April 3, 2026) that exports to Europe and North Africa, which typically transit through the West Asia, were being disrupted by the conflict in the region, underscoring
Russia promises to increase oil, LNG supplies to India
NEW DELHI : Amid the oil shock and supply chain disruptions triggered by the U.S.-Israel war on Iran, Russia has assured that its energy companies have the capacity to “steadily increase” the supply of
3 Ships escape Hormuz Chokehold through new route along Oman Coast
TEHRAN : Three tankers broadcasting Omani ownership appeared to enter the Strait of Hormuz by hugging their home country’s coastline, indicating a different route to a northerly path through Iranian waters. Two oil supertankers
India–Korea Partnership boosts shipbuilding skills under Maritime Amrit Kaal Vision 2047
NEW DELHI : In a significant move to strengthen India’s shipbuilding ecosystem, the Ministry of Ports, Shipping and Waterways (MoPSW) has signed a Plan of Implementation (PoI) with the Korea International Cooperation Agency (KOICA).
KLTTA & KCBA applaud Deendayal Port Authority’s No. 1 Rank amid Global Shipping Crisis
GANDHIDHAM : Amidst the challenging global shipping environment arising from the ongoing conflict situation in the Middle East following the attack on Iran by the United States and Israel, the maritime sector worldwide, including
Govt considers more support for exporters as West Asia tensions drive up freight costs
NEW DELHI : The Government is considering additional measures to help exporters cope with disruptions arising from the West Asia crisis, including a possible extension of freight subsidies, as many are being forced to
‘India only country to lose mariners at Hormuz’: Foreign Secretary at UK-led Iran war talks
NEW DELHI : The Foreign Secretary Mr. Vikram Misri on Thursday joined UK-led talks on the reopening of the Strait of Hormuz and the ongoing conflict in West Asia. India Joins UK-Led Talks With
Crude oil could hit $150 in extreme scenario, trigger global intervention: Vandana Bharti, SMC Global Securities
NEW DELHI: Crude oil prices could rise to USD 150 per barrel in an extreme scenario if the ongoing geopolitical tensions persist, potentially prompting global intervention, according to Vandana Bharti, Research Head – Commodity,